64 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2023 (expressed in Barbados dollars) 36 11 Loans and advances …continued (ii) The Credit Union’s loans and advances portfolio as at March 31, are in the following staging categories. 2023 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Consumer 554,826,187 23,790,949 99,825,576 678,442,712 Business 2,069,086 111,844 2,090,885 4,271,815 Mortgages 419,462,513 16,394,830 60,647,705 496,505,048 Gross loans 976,357,786 40,297,623 162,564,166 1,179,219,575 Less: ECL allowance (1,597,219) (1,360,746) (37,752,279) (40,710,244) 974,760,567 38,936,877 124,811,887 1,138,509,331 Add: Interest receivable 7,881,966 1,146,391,297 2022 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Consumer 584,575,323 12,704,971 98,631,685 695,911,979 Business 2,315,282 406,027 2,250,641 4,971,950 Mortgages 377,812,454 15,198,535 53,544,977 446,555,966 Gross loans 964,703,059 28,309,533 154,427,303 1,147,439,895 Less: ECL allowance (2,799,190) (2,399,838) (34,577,587) (39,776,615) 961,903,869 25,909,695 119,849,716 1,107,663,280 Add: Interest receivable 7,316,307 1,114,979,587
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