82 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) 55 22. 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 61,582,361 63,370,275 Available balances on line of credit accounts 17,703,194 18,059,184 Gross commitments $ 97,366,916 103,359,581 The total expected credit loss (ECL) allowance on undrawn loan commitments at March 31, is as follows: 2022 2021 Gross Gross Carrying Carrying Amount ECL Amount ECL Consumer $ 18,081,361 133,739 21,930,122 167,073 Mortgages 61,582,361 115,827 63,370,275 112,270 $ 79,663,722 249,566 85,300,397 279,343 Line of credits available 17,703,194 128,028 18,059,184 133,261 $ 97,366,916 377,594 103,359,581 412,604 The movement in the expected credit loss allowance: 2022 2021 Balance at beginning of year $ 412,604 239,582 Expected credit loss (35,010) 173,022 Balance at end of year $ 377,594 412,604 The expected credit allowance for the undrawn loan commitments is included in other liabilities in Note 17.
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