Non-Consolidated Annual Report 2016

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2016 41 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) 25 11. Loans and Advances, continued (ii) The movement in the provision for impaired loans is as follows: 2016 Consumer Business Mortgages Total Balance, beginning of year $ 17,036,003 294,476 4,572,359 21,902,838 Amounts charged/write off (5,202,888) (35,988) - (5,238,876) Loan impairment expense 4,521,870 (106,916) (625,767) 3,789,187 Balance, end of year $ 16,354,985 151,572 3,946,592 20,453,149 Individual impairment $ 12,123,333 112,888 3,069,116 15,305,337 Collective impairment 4,231,652 38,684 877,476 5,147,812 $ 16,354,985 151,572 3,946,592 20,453,149 2015 Consumer Business Mortgages Total Balance, beginning of year $ 16,754,196 462,395 4,118,331 21,334,922 Amounts charged off (3,061,940) (82,101) - (3,144,041) Loan impairment expense 3,343,747 (85,818) 454,028 3,711,957 Balance, end of year $ 17,036,003 294,476 4,572,359 21,902,838 Individual impairment $ 13,079,751 221,696 3,408,911 16,710,358 Collective impairment 3,956,252 72,780 1,163,448 5,192,480 $ 17,036,003 294,476 4,572,359 21,902,838