Consolidated Annual Report 2019

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2019 85 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) 70 26. Financial Risk Management, continued 26.2 Credit risk, continued Credit Quality Analysis, continued IFRS 9 – 2019 IAS 39- 2018 Stage 1 Stage 2 Stage 3 Total Total Term deposits measured at amortized cost Standards & Poor’s rating: Not rated $ 30,054,285 - - 30,054,285 38,238,283 Gross term deposits 30,054,285 - - 30,054,285 38,238,283 Expected credit losses allowance (22,551) - - (22,551) - Net term deposits $ 30,031,734 - - 30,031,734 38,238,283