Non-Consolidated Annual Report 2018

47 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2018 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2018 (Expressed in Barbados dollars) 32 10. Loans and Advances (i) Loans and advances are comprised of the following: 2018 Consumer Business Mortgages Total Performing loans $ 609,905,580 3,623,377 291,469,449 904,998,406 Non-performing loans 49,263,313 1,144,218 21,459,958 71,867,489 Gross loans 659,168,893 4,767,595 312,929,407 976,865,895 Less: provision for impairment (21,126,238) (161,364) (3,027,556) (24,315,158) $ 638,042,655 4,606,231 309,901,851 952,550,737 Add: interest receivable 5,516,330 $ 958,067,067 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 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 23. The average yield on loans for the year was 8.98% (2017 - 9.07%).