Non-Consolidated Annual Report 2017

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2017 62 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) 47 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 2017 2016 Loans and advances to customers: Consumer $ 599,620,812 548,321,633 Mortgages 292,041,006 261,229,580 Business 3,685,930 3,323,563 Financial investments: Held-to-maturity 28,536,207 29,074,183 Cash resources 94,019,618 102,162,229 Credit risk exposures relating to off-balance sheet items are as follows: Loan commitments 49,678,392 61,823,325 Total maximum exposure $ 1,067,581,965 1,005,934,513 The above table represents the maximum credit risk exposure of the Credit Union as of March 31, 2017 and March 31, 2016, 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.