91 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2022 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2022 (Expressed in Barbados dollars) 60 23. Related Party Disclosures, continued The following table provides the total amount of balances, which have been entered into with key management personnel for the relevant financial year: 2022 2021 Loans and advances $ 4,234,695 3,964,487 Deposits 2,294,697 2,473,340 The secured loans and advances are secured over property of the respective borrowers. Other balances are not secured, and no guarantees have been obtained. No expected credit loss allowance has been recorded against balances outstanding during the period with key management personnel and their related concerns. 24. Commitments and Contingencies (i) Loan commitments 2022 2021 Consumer loans approved and pending disbursement $ 18,081,361 21,930,122 Mortgage loans approved and pending disbursement 92,542,661 102,787,933 Available balances on line of credit accounts 17,703,194 18,059,184 Gross commitments $ 128,327,216 142,777,239 The total expected credit loss (ECL) allowance on undrawn loan commitments at March 31, 2022 is as follows: 2022 2021 Gross Gross Carrying Carrying Amount ECL Amount ECL Consumer $ 18,081,361 133,739 21,930,122 167,074 Mortgages 92,542,661 148,920 102,787,933 140,736 $ 110,624,022 282,659 124,718,055 307,810 Line of credits available 17,703,194 128,028 18,059,184 133,261 $ 128,327,216 410,687 142,777,239 441,071
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