Non-Consolidated Annual Report 2020

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2020 75 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2020 (Expressed in Barbados dollars) 58 23. Financial Risk Management, continued Credit risk, continued Financial investments, continued Exposure to credit risk before collateral held or other credit enhancements, continued Credit risk exposures relating to on-balance sheet assets are as follows: Maximum exposure 2020 2019 Loans and advances to members: Consumer $ 693,024,250 669,361,713 Mortgages 339,669,248 317,326,384 Business 5,049,286 4,655,669 Financial investments: Debt securities-amortised cost 18,236,072 19,568,155 Cash resources 294,902,050 233,649,384 Credit risk exposures relating to off-balance sheet items are as follows: Loan commitments 82,063,806 53,516,286 Total maximum exposure $ 1,432,944,712 1,298,077,591 The above table represents the maximum credit risk exposure of the Credit Union as of March 31, 2020 and March 31, 2019, without taking account of any collateral held or other credit enhancements attached. For on-balance sheet assets, the exposures set out above are based on net carrying amounts as reported in the non-consolidated statement of financial position.