65 SEPARATE FINANCIAL STATEMENTS 2023 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2023 (expressed in Barbados dollars) 37 11 Loans and advances …continued (iii) The movement in the expected credit loss allowance is as follows: 2023 Consumer $ Business $ Mortgages $ Total $ Balance, beginning of year 36,278,799 176,310 3,321,506 39,776,615 Amounts charged off/write off (3,857,596) (47,439) – (3,905,035) Expected credit loss 297,434 411,676 4,129,554 4,838,664 Balance, end of year 32,718,637 540,547 7,451,060 40,710,244 2022 Consumer $ Business $ Mortgages $ Total $ Balance, beginning of year 26,414,883 633,291 6,080,309 33,128,483 Expected credit loss 9,863,916 (456,981) (2,758,803) 6,648,132 Balance, end of year 36,278,799 176,310 3,321,506 39,776,615
RkJQdWJsaXNoZXIy MTA2MDM=