69 SEPARATE FINANCIAL STATEMENTS 2024 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2024 (expressed in Barbados dollars) 35 11 Loans and advances …continued (ii) The Credit Union’s loans and advances portfolio as at March 31, are in the following staging categories. 2024 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Consumer 524,723,334 12,228,141 104,418,749 641,370,224 Business 1,178,629 311,469 2,174,478 3,664,576 Mortgages 436,689,080 14,487,577 65,988,475 517,165,132 Gross loans 962,591,043 27,027,187 172,581,702 1,162,199,932 Less: ECL allowance (1,395,730) (376,408) (37,826,161) (39,598,299) 961,195,313 26,650,779 134,755,541 1,122,601,633 Add: Interest receivable 9,131,489 1,131,733,122 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
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