107 SEPARATE FINANCIAL STATEMENTS 2025 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2025 (expressed in Barbados dollars) 75 23 Financial risk management …continued Credit risk …continued Credit Quality Analysis …continued The movement across the loan portfolio as at March 31, are in the following staging categories: 2025 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Gross carrying amount April 1, 2024 962,591,043 27,027,187 172,581,702 1,162,199,932 Stage 1 to stage 2 (16,328,132) 16,328,132 – – Stage 1 to stage 3 (12,361,061) – 12,361,061 – Stage 2 to stage 1 17,912,358 (17,912,358) – – Stage 2 to stage 3 – (4,139,801) 4,139,801 – Stage 3 to stage 1 33,806,389 – (33,806,389) – Stage 3 to stage 2 3,268,130 – (3,268,130) – Net loans originated (paid) (17,807,898) 7,745,661 1,227,649 (8,834,588) Gross carrying amount April 1, 2025 971,080,829 29,048,821 153,235,694 1,153,365,344 2024 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Gross carrying amount April 1, 2023 976,357,786 40,297,623 162,564,166 1,179,219,575 Stage 1 to stage 2 (28,165,245) 28,165,245 – – Stage 1 to stage 3 (15,341,861) – 15,341,861 – Stage 2 to stage 1 13,843,000 (13,843,000) – – Stage 2 to stage 3 – (8,481,204) 8,481,204 – Stage 3 to stage 1 6,704,880 – (6,704,880) – Stage 3 to stage 2 – 1,522,164 (1,522,164) – Net loans originated (paid) 9,192,483 (20,633,641) (5,578,485) (17,019,643) Gross carrying amount April 1, 2024 962,591,043 27,027,187 172,581,702 1,162,199,932
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