Consolidated Annual Report 2020

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2020 86 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2020 (Expressed in Barbados dollars) 69 26. Financial Risk Management, continued 26.2 Credit risk, continued Credit Quality Analysis, continued IFRS 9 – 2020 Stage 1 Stage 2 Stage 3 Total Term deposits measured at amortized cost Internally rated $ 16,927,619 7,090,288 - 24,017,907 Gross term deposits 16,927,619 7,090,288 - 24,017,907 Expected credit losses allowance (19,111) (49,272) - (68,383) Net term deposits $ 16,908,508 7,041,016 - 23,949,524

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