Consolidated Annual Report 2019

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2019 57 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2019 (Expressed in Barbados dollars) 42 13. Loans and Advances, continued The movement in the provision for impaired loans is as follows: 2018 Consumer Business Mortgages Total Balance, beginning of year $ 19,908,638 104,189 4,681,512 24,694,339 Amounts charged off (4,908,834) (8,841) - (4,917,675) Loan impairment expense 6,126,433 66,012 749,896 6,942,341 Balance, end of year $ 21,126,237 161,360 5,431,408 26,719,005 Individual impairment $ 18,374,476 136,765 4,830,142 23,341,383 Collective impairment 2,751,761 24,595 601,266 3,377,622 $ 21,126,237 161,360 5,431,408 26,719,005