117 CONSOLIDATED FINANCIAL STATEMENTS 2024 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2024 (expressed in Barbados dollars) 77 25 Financial Risk Management …continued 25.2 Credit risk …continued Credit Quality Analysis…continued 2023 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Loans and advances at amortised cost Current 1,036,588,220 – – 1,036,588,220 Overdue <30 days 160,922,472 – – 160,922,472 Overdue 31 days to 89 days – 58,759,682 – 58,759,682 Overdue over 90 days – – 205,250,234 205,250,234 Total gross loans 1,197,510,692 58,759,682 205,250,234 1,461,520,608 2024 Stage 1 $ Stage 2 $ POCI $ Total $ Sovereign debt securities measured at amortised cost Standard & Poor’s rating: B Government of Barbados - series B & D bonds *** Not rated – – 17,613,511 17,613,511 Barbados Port Inc. 20,593,339 – – 20,593,339 Gross sovereign debt securities 20,593,339 – 17,613,511 38,206,850 Expected credit losses allowance (62,314) – (69,889) (132,203) Net sovereign debt securities 20,531,025 – 17,543,622 38,074,647 Interest receivable 156,491 38,231,138
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