Non-Consolidated Annual Report 2017

43 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2017 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) 28 11. Loans and Advances, continued (ii) The movement in the provision for impaired loans is as follows: 2017 Consumer Business Mortgages Total Balance, beginning of year $ 16,354,985 151,572 3,946,592 20,453,149 Amounts charged/write off (2,443,734) (82,087) - (2,525,821) Loan impairment expense 5,997,387 34,704 (1,386,857) 4,645,234 Balance, end of year $ 19,908,638 104,189 2,559,735 22,572,562 Individual impairment $ 15,464,316 78,508 1,870,241 17,413,065 Collective impairment 4,444,322 25,681 689,494 5,159,497 $ 19,908,638 104,189 2,559,735 22,572,562 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