Separate Annual Report 2021

111 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | SEPARATE FINANCIAL STATEMENTS 2022 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separate Financial Statements For the year ended March 31, 2022 (Expressed in Barbados dollars) 84 23. Financial Risk Management, continued Credit risk, continued Credit Quality Analysis, continued The movement across the loan portfolio as at March 31, are in the following staging categories: 2022 Stage 1 Stage 2 Stage 3 Total Gross carrying amount April 1, 2021 $ 874,181,931 58,350,105 147,026,196 1,079,558,232 Stage 1 to stage 2 (14,464,010) 13,481,721 - (982,289) Stage 1 to stage 3 (19,266,196) - 18,369,703 (896,493) Stage 2 to stage 1 31,196,865 (35,474,276) - (4,277,411) Stage 2 to stage 3 - (8,609,456) 8,176,740 (432,716) Stage 3 to stage 1 6,181,011 - (7,681,639) (1,500,628) Stage 3 to stage 2 - 3,351,731 (3,754,882) (403,151) Net loans originated (paid) 86,873,458 (2,790,292) (7,708,815) 76,374,351 Gross carrying amount April 1, 2022 $ 964,703,059 28,309,533 154,427,303 1,147,439,895 2021 Stage 1 Stage 2 Stage 3 Total Gross carrying amount April 1, 2021 $ 902,458,784 54,535,936 104,575,171 1,061,569,891 Stage 1 to stage 2 (40,476,892) 37,759,233 - (2,717,659) Stage 1 to stage 3 (30,570,915) - 29,876,186 (694,729) Stage 2 to stage 1 13,916,124 (15,923,525) - (2,007,401) Stage 2 to stage 3 - (22,075,218) 21,491,029 (584,189) Stage 3 to stage 1 3,395,277 (4,060,517) (665,240) Stage 3 to stage 2 - 867,183 (1,545,595) (678,412) Net loans originated (paid) 25,459,553 3,186,496 (3,310,078) 25,335,971 Gross carrying amount April 1, 2022 $ 874,181,931 58,350,105 147,026,196 1,079,558,232

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