Separate Annual Report 2021

93 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) 71 23. Financial Risk Management, continued Credit risk, continued Exposure to credit risk before collateral held or other credit enhancements, continued Credit risk exposures relating to on-balance sheet assets are as follows: Maximum exposure 2021 2020 Loans and advances to members: Consumer $ 665,131,853 693,024,250 Mortgages 376,607,812 339,669,248 Business 4,690,084 5,049,286 Financial investments: Debt securities-amortized cost 23,643,897 18,236,072 Cash resources 387,713,465 294,902,050 Credit risk exposures relating to off-balance sheet items are as follows: Loan commitments 103,359,581 82,303,389 Total maximum exposure $ 1,561,146,692 1,433,184,295 The above table represents the maximum credit risk exposure of the Credit Union as of March 31, 2021 and March 31, 2020, without taking account of any collateral held or other credit enhancements attached. For on-balance sheet assets, the exposures set out above are based on net carrying amounts as reported in the statement of financial position.