106 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2024 (expressed in Barbados dollars) 72 23 Financial risk management …continued Credit risk …continued Credit Quality Analysis …continued 2024 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Term deposits measured at amortised cost Standard & Poor’s rating: Not rated 80,296,678 – – 80,296,678 Gross term deposit 80,296,678 – – 80,296,678 Expected credit losses allowance (76,995) – – (76,995) Interest receivable 3,152,011 – – 3,152,011 Net term deposits 83,371,694 – – 83,371,694 2023 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Term deposits measured at amortised cost Standard & Poor’s rating: Not rated 77,111,017 – – 77,111,017 Gross term deposit 77,111,017 – – 77,111,017 Expected credit losses allowance (68,586) – – (68,586) Interest receivable 1,713,544 – – 1,713,544 Net term deposits 78,755,975 – – 78,755,975
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