Non-Consolidated Annual Report 2016

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2016 40 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2016 (Expressed in Barbados dollars) 24 11. Loans and Advances (i) Loans and advances are comprised of the following: 2016 Consumer Business Mortgages Total Performing loans $ 531,614,563 2,828,277 246,197,419 780,640,259 Non-performing loans 33,062,055 646,858 18,978,753 52,687,666 Gross loans 564,676,618 3,475,135 265,176,172 833,327,925 Less: provision for impairment (16,354,985) (151,572) (3,946,592) (20,453,149) $ 548,321,633 3,323,563 261,229,580 812,874,776 Add: interest receivable 4,963,994 $ 817,838,770 2015 Consumer Business Mortgages Total Performing loans $ 491,662,619 2,458,562 220,158,090 714,279,271 Non-performing loans 30,986,219 598,947 19,309,332 50,894,498 Gross loans 522,648,838 3,057,509 239,467,422 765,173,769 Less: provision for impairment (17,036,003) (294,476) (4,572,359) (21,902,838) $ 505,612,835 2,763,033 234,895,063 743,270,931 Add: interest receivable 3,226,008 $ 746,496,939 The average yield on loans for the year was 9.10% (2015 – 8.92%).