Non-Consolidated Annual Report 2020

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2020 79 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) 62 23.2 Credit risk, continued Credit Quality Analysis IFRS 9 – 2020 Stage 1 Stage 2 Stage 3 Total Loans and advances at amortized cost Current $ 758,570,757 - - 758,570,757 Overdue <30 days 143,888,027 - - 143,888,027 Overdue 31 days to 89 days - 54,535,936 - 54,535,936 Overdue over 90 days - - 104,575,171 104,575,171 Total gross loans $ 902,458,784 54,535,936 104,575,171 1,061,569,891 Expected credit loss allowance Balance at March 31, 2019 (822,065) (1,468,067) (22,381,377) (24,671,509) Transfer to stage 1 296,826 - - 296,826 Transfer to stage 2 - 1,236,996 - 1,236,996 Transfer to stage 3 - - (3,022,987) (3,022,987) Net re-measurement of loss allowance 8,299 (1,211,714) (3,385,236) (4,588,651) Amounts charged-off/write-off - - 6,922,218 6,922,218 Total expected credit loss allowance (516,940) (1,442,785) (21,867,382) (23,827,107) Balance at March 31, 2020 901,941,844 53,093,151 82,707,789 1,307,742,784 Interest receivable 8,337,287 Net loans and advances $ 1,046,080,071