68 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2025 (expressed in Barbados dollars) 36 11 Loans and advances …continued (iii) The movement in the expected credit loss allowance is as follows: 2025 Consumer $ Business $ Mortgages $ Total $ Balance, beginning of year 32,679,892 485,507 6,432,900 39,598,299 Amounts charged off/write off (4,668,184) (118,775) – (4,786,959) Expected credit loss 1,482,682 63,551 (452,361) 1,093,872 Balance, end of year 29,494,390 430,283 5,980,539 35,905,212 2024 Consumer $ Business $ Mortgages $ Total $ Balance, beginning of year 32,718,637 540,547 7,451,060 40,710,244 Amounts charged off/write off (3,604,763) (94,950) – (3,699,713) Expected credit loss 3,566,018 39,910 (1,018,160) 2,587,768 Balance, end of year 32,679,892 485,507 6,432,900 39,598,299
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