74 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2023 (expressed in Barbados dollars) 42 13 Loans and Advances …continued i) Loans and advances are comprised of the following: …continued The Group’s loans and advances portfolio as at March 31, are in the following staging categories: 2023 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Consumer 610,811,802 28,922,214 109,487,142 749,221,158 Business 23,355,490 1,010,780 8,196,924 32,563,194 Mortgages 563,343,400 28,826,688 87,566,168 679,736,256 Gross loans 1,197,510,692 58,759,682 205,250,234 1,461,520,608 Less: ECL allowance (2,265,518) (1,956,984) (43,822,068) (48,044,570) 1,195,245,174 56,802,698 161,428,166 1,413,476,038 Add: Interest receivable 11,864,661 1,425,340,699 2022 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Consumer 645,587,158 20,290,216 111,688,985 777,566,359 Business 21,110,553 2,408,544 2,250,641 25,769,738 Mortgages 516,750,148 29,587,495 83,946,580 630,284,223 Gross loans 1,183,447,859 52,286,255 197,886,206 1,433,620,320 Less: ECL allowance (3,270,137) (3,456,667) (38,327,277) (45,054,081) 1,180,177,722 48,829,588 159,558,929 1,388,566,239 Add: Interest receivable 10,256,130 1,398,822,369
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