87 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) 55 22 Commitments and contingencies (i) Loan commitments 2025 $ 2024 $ Consumer loans approved and pending disbursement 10,927,808 10,045,677 Mortgage loans approved and pending disbursement 33,980,498 31,973,986 Available balances on line of credit accounts 17,869,650 17,709,346 Gross commitments 62,777,956 59,729,009 The total expected credit loss (ECL) allowance on undrawn loan commitments at March 31, is as follows: 2025 2024 Gross carrying amount $ ECL $ Gross carrying amount $ ECL $ Consumer 10,927,808 56,680 10,045,677 56,307 Mortgages 33,980,498 56,760 31,973,986 47,765 44,908,306 113,440 42,019,663 104,072 Line of credits available 17,869,650 119,120 17,709,346 122,530 62,777,956 232,560 59,729,009 226,602 The movement in the expected credit loss allowance: 2025 $ 2024 $ Balance at beginning of year 226,602 276,106 Expected credit loss 5,958 (49,504) Balance at end of year 232,560 226,602 The expected credit allowance for the undrawn loan commitments is included in other liabilities in Note 17.
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