Consolidated Annual Report 2018

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2018 51 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2018 (Expressed in Barbados dollars) 36 12. Loans and Advances (i) Loans and advances are comprised of the following: 2018 Consumer Business Mortgages Total Performing loans $ 652,183,378 24,465,843 436,391,422 1,113,040,643 Non-performing loans 51,743,242 1,883,948 26,910,251 80,537,441 Gross loans 703,926,620 26,349,791 463,301,673 1,193,578,084 Less: provision for impairment (21,126,237) (161,360) (5,431,408) (26,719,005) $ 682,800,383 26,188,431 457,870,265 1,166,859,079 Add: interest receivable 7,717,386 $ 1,174,576,465 2017 Consumer Business Mortgages Total Performing loans $ 614,212,740 22,561,748 415,600,062 1,052,374,550 Non-performing loans 41,105,267 688,562 21,945,913 63,739,742 Gross loans 655,318,007 23,250,310 437,545,975 1,116,114,292 Less: provision for impairment (19,908,638) (104,189) (4,681,512) (24,694,339) $ 635,409,369 23,146,121 432,864,463 1,091,419,953 Add: interest receivable 7,813,297 $ 1,099,233,250 Non-performing loans comprise of: i. Loans and advances of the parent that are in arrears over 90 days, which are either past due but not impaired or individually impaired ii. Non accrual loans of a subsidiary.