Non-Consolidated Annual Report 2017

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2017 42 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2017 (Expressed in Barbados dollars) 27 11. Loans and Advances (i) Loans and advances are comprised of the following: 2017 Consumer Business Mortgages Total Performing loans $ 580,913,578 3,101,557 275,767,888 859,783,023 Non-performing loans 38,615,872 688,562 18,832,853 58,137,287 Gross loans 619,529,450 3,790,119 294,600,741 917,920,310 Less: provision for impairment (19,908,638) (104,189) (2,559,735) (22,572,562) $ 599,620,812 3,685,930 292,041,006 895,347,748 Add: interest receivable 5,091,792 $ 900,439,540 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 Non-performing loans comprise of loans and advances in arrears over 90 days, which are either past due but not impaired or individually impaired. Refer to Note 24. The average yield on loans for the year was 9.07% (2016 - 9.10%).