Consolidated Annual Report 2018

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2018 53 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) 38 12. Loans and Advances, continued 2017 Consumer Business Mortgages Total Balance, beginning of year $ 16,354,985 151,572 5,689,580 22,196,137 Amounts charged off (2,443,734) (82,087) (8,418) (2,534,239) Loan impairment expense 5,997,387 34,704 (999,650) 5,032,441 Balance, end of year $ 19,908,638 104,189 4,681,512 24,694,339 Individual impairment $ 15,464,316 78,508 3,803,878 19,346,702 Collective impairment 4,444,322 25,681 877,634 5,347,637 $ 19,908,638 104,189 4,681,512 24,694,339