Separate Annual Report 2021

77 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | SEPARATE FINANCIAL STATEMENTS 2021 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separate Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 55 22. Commitments and Contingencies (i) Loan commitments 2021 2020 Consumer loans approved and pending disbursement $ 21,930,122 15,152,294 Mortgage loans approved and pending disbursement 63,370,275 51,598,470 Available balances on line of credit accounts 18,059,184 15,552,625 Gross commitments $ 103,359,581 82,303,389 The total expected credit loss (ECL) allowance on undrawn loan commitments at March 31, is as follows: 2021 2020 Gross Gross Carrying Carrying Amount ECL Amount ECL Consumer $ 21,930,122 167,073 15,152,294 91,920 Mortgages 63,370,275 112,270 51,598,470 52,923 $ 85,300,397 279,343 66,750,764 144,843 Line of credits available 18,059,184 133,261 15,552,625 94,739 $ 103,359,581 412,604 82,303,389 239,582 The movement in the expected credit loss allowance: 2021 2020 Balance at beginning of year $ 239,582 219,860 Expected credit loss 173,022 19,722 Balance at end of year $ 412,604 239,582 The expected credit allowance for the undrawn loan commitments is included in other liabilities in Note 17.