121 CONSOLIDATED FINANCIAL STATEMENTS 2025 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2025 (expressed in Barbados dollars) 83 25 Financial Risk Management …continued 25.2 Credit risk …continued The movement across ECL stages at March 31 were as follows: 2024 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Expected credit loss allowance Beginning balance 2,265,518 1,956,984 43,822,068 48,044,570 Stage 1 to stage 2 (61,557) 61,557 – – Stage 1 to stage 3 (26,628) – 26,628 – Stage 2 to stage 1 855,909 (855,909) – – Stage 2 to stage 3 – (326,665) 326,665 – Stage 3 to stage 1 2,354,852 – (2,354,852) – Stage 3 to stage 2 – 608,137 (608,137) – Net ECL re-measurement (3,132,014) (981,275) 3,339,186 (774,103) Amount written off – – (2,726,976) (2,726,976) Ending balance 2,256,080 462,829 41,824,582 44,543,491
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