Non-Consolidated Annual Report 2019

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2019 49 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2019 (Expressed in Barbados dollars) 34 11. Loans and Advances, continued (iii) The movement in the expected credit loss allowance is as follows: 2019 Consumer Business Mortgages Total Balance, beginning of year $ 21,126,243 161,359 3,027,556 24,315,158 Impact of IFRS 9 (482,751) 22,260 (111,386) (571,877) Balance, beginning of year $ 20,643,492 183,619 2,916,170 23,743,281 Amounts charged/write off (2,999,497) (18,483) - (3,017,980) Expected credit loss 2,710,176 369,656 866,376 3,946,208 Balance, end of year $ 20,354,171 534,792 3,782,546 24,671,509 2018 Consumer Business Mortgages Total Balance, beginning of year $ 19,908,638 104,189 2,559,735 22,572,562 Amounts charged/write off (4,783,696) (8,842) - (4,792,538) Loan impairment expense 6,001,301 66,012 467,821 6,535,134 Balance, end of year $ 21,126,243 161,359 3,027,556 24,315,158 Individual impairment $ 18,374,477 136,769 2,549,233 21,060,479 Collective impairment 2,751,766 24,590 478,323 3,254,679 $ 21,126,243 161,359 3,027,556 24,315,158