Consolidated Annual Report 2021

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2021 106 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 80 25. Financial Risk Management, continued 25.2 Credit risk, continued Credit Quality Analysis, continued IFRS 9 – 2021 Stage 1 Stage 2 POCI Total Sovereign debt securities measured at amortized cost Standards & Poor’s rating: B- Government of Barbados – series B & D bonds *** $ - - 18,301,297 18,301,297 Not rated Barbados Port Inc. 9,210,710 - - 9,210,710 Gross sovereign debt securities 9,210,710 - 18,301,297 27,512,007 Expected credit losses allowance (19,539) - - (19,539) Net sovereign debt securities 9,191,171 - 18,301,297 27,492,468 Interest receivable 321,271 $ 27,813,739 *** During the financial year ended March 31, 2021, the credit rating of the Government of Barbados series B & D bonds as per Standards and Poor’s was B- (2020 – B-). BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the y ar ended March 31, 2021 (Expressed in Barbados dollars) 25. Financial Risk Management, continued 25.2 Credit risk, continued Credit Quality Analysis, continued IFRS 9 – 2021 Stage 1 Stage 2 Stage 3 Total Term deposits measured at amortized cost Internally rated $ 16,847,460 - - 16,847,460 Gross term deposits 16,847,460 - - 16,847,460 Expected credit losses allowance (146,135) - - (146,135) Net term deposits $ 16,701,325 - - 16,701,325

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