BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2021 70 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) 43 13. Loans and Advances, continued 2020 Consumer Business Mortgages Total Gross loans $ 776,576,155 40,219,816 511,691,262 1,328,487,233 Less: ECL allowance (22,702,460) (575,115) (4,239,728) (27,517,303) $ 753,873,695 39,644,701 507,451,534 1,300,969,930 Add: interest receivable 10,880,934 $ 1,311,850,864 The average yield on loans for the year was 7.42% (2020 – 8.41%). The Group’s loans and advances portfolio as at March 31, are in the following staging categories: 2021 Stage 1 Stage 2 Stage 3 Total Consumer $ 609,986,841 43,954,769 100,517,196 754,458,806 Business 27,185,868 5,053,533 7,344,927 39,584,328 Mortgages 436,227,828 38,798,610 87,350,695 562,377,133 Gross loans 1,073,400,537 87,806,912 195,212,818 1,356,420,267 Less: ECL allowance (2,316,230) (1,707,452) (33,668,222) (37,691,904) $ 1,071,084,307 86,099,460 161,544,596 1,318,728,363 Add: interest receivable 11,411,755 $ 1,330,140,118 2020 Stage 1 Stage 2 Stage 3 Total Consumer $ 667,366,770 37,774,884 71,434,501 776,576,155 Business 32,027,832 1,619,283 6,572,701 40,219,816 Mortgages 415,892,927 41,080,434 54,717,901 511,691,262 Gross loans 1,115,287,529 80,474,601 132,725,103 1,328,487,233 Less: ECL allowance (1,489,044) (1,762,113) (24,266,146) (27,517,303) $ 1,113,798,485 78,712,488 108,458,957 1,300,969,930 Add: interest receivable 10,880,934 $ 1,311,850,864
RkJQdWJsaXNoZXIy MTA2MDM=