83 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) 55 22 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 46,580,777 61,582,361 Available balances on line of credit accounts 17,885,396 17,703,194 Gross commitments 78,887,376 97,366,916 The total expected credit loss (ECL) allowance on undrawn loan commitments at March 31, 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 46,580,777 73,929 61,582,361 115,827 61,001,980 154,812 79,663,722 249,566 Line of credits available 17,885,396 121,294 17,703,194 128,028 78,887,376 276,106 97,366,916 377,594 The movement in the expected credit loss allowance: 2023 $ 2022 $ Balance at beginning of year 377,594 412,604 Expected credit loss (101,488) (35,010) Balance at end of year 276,106 377,594 The expected credit allowance for the undrawn loan commitments is included in other liabilities in Note 17.
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