Non-Consolidated Annual Report 2016

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2016 60 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) 45 24. Financial Risk Management, continued Credit risk, continued Exposure to credit risk before collateral held or other credit enhancements Credit risk exposures relating to on-balance sheet assets are as follows: Maximum exposure 2016 2015 Loans and advances to customers: Consumer $ 548,321,633 505,612,835 Mortgages 261,229,580 234,895,063 Business 3,323,563 2,763,033 Financial investments: Held-to-maturity 29,074,183 25,838,462 Cash resources 102,162,229 93,772,722 Credit risk exposures relating to off-balance sheet items are as follows: Loan commitments 61,823,325 52,655,950 Total maximum exposure $ 1,005,934,513 915,538,065 The above table represents the maximum credit risk exposure of the Credit Union as of March 31, 2016 and March 31, 2015, without taking account of any collateral held or other credit enhancements attached. For on-balance sheet assets, the exposures set out above are based on net carrying amounts as reported in the statement of financial position.