92 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) 60 24 Commitments and Contingencies i) Loan commitments 2023 $ 2022 $ Consumer loans approved and pending disbursement 14,421,203 18,081,361 Mortgage loans approved and pending disbursement 60,214,174 92,582,661 Available balances on line of credit accounts 17,885,396 17,703,194 Gross commitments 92,520,773 128,367,216 The total expected credit loss (ECL) allowance on undrawn loan commitments at March 31, 2023 is as follows: 2023 2022 Gross carrying amount $ ECL $ Gross carrying amount $ ECL $ Consumer 14,421,203 80,883 18,081,361 133,739 Mortgages 60, 214,174 107,022 92,542,661 148,920 74,635,377 187,905 110,624,022 282,659 Line of credits available 17,885,396 121,293 17,703,194 128,028 92,520,773 309,198 128,327,216 410,687 The movement in the expected credit loss allowance: 2023 $ 2022 $ Balance at beginning of year 410,687 441,071 Expected credit loss (101,489) (30,384) Balance at end of year 309,198 410,687 The expected credit allowance for the undrawn loan commitments is included in other liabilities in Note 19.
RkJQdWJsaXNoZXIy MTA2MDM=