Non-Consolidated Annual Report 2019

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2019 64 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) 49 23. Commitments and Contingencies (i) Loan commitments 2019 2018 Consumer loans approved and pending disbursement $ 16,591,531 19,245,734 Mortgage loans approved and pending disbursement 21,683,496 16,820,966 Available balances on line of credit accounts 15,461,119 15,095,054 Gross commitments $ 53,736,146 51,161,754 The total expected credit loss (ECL) allowance on undrawn loan commitments at March 31, 2019 is as follows: Gross Carrying Value ECL Consumer $ 16,591,531 98,173 Mortgages 21,683,496 28,356 Total undrawn loan commitments $ 38,275,027 126,529 Line of credits available 15,461,119 93,331 $ 53,736,146 219,860 The movement in the expected credit loss allowance Note 2019 2018 Balance at beginning of year $ - - Impact of IFRS 9 2(b) 262,050 - Balance at beginning of year (adjusted) 262,050 - Expected credit loss (42,190) - Balance at end of year $ 219,860 - The expected credit allowance for the undrawn loan commitments is included in loans and advances expected credit loss allowance in note 11.