102 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2026 (expressed in Barbados dollars) 77 23 Financial risk management …continued Credit risk …continued Credit Quality Analysis …continued The movement across ECL stages at March 31 were as follows: 2026 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Expected credit loss allowance Beginning balance 1,368,090 744,045 33,793,077 35,905,212 Stage 1 to stage 2 (27,511) 27,511 – – Stage 1 to stage 3 (14,814) – 14,814 – Stage 2 to stage 1 415,580 (415,580) – – Stage 2 to stage 3 – (186,110) 186,110 – Stage 3 to stage 1 3,150,748 – (3,150,748) – Stage 3 to stage 2 – 245,912 (245,912) – Net ECL re-measurement (2,871,285) 631,178 3,165,662 925,555 Ending balance 2,020,808 1,046,956 33,763,003 36,830,767 The movement across ECL stages at March 31 were as follows: 2025 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Expected credit loss allowance Beginning balance 1,395,730 376,408 37,826,161 39,598,299 Stage 1 to stage 2 (23,675) 23,675 – – Stage 1 to stage 3 (17,923) – 17,923 – Stage 2 to stage 1 249,466 (249,466) – – Stage 2 to stage 3 – (57,655) 57,655 – Stage 3 to stage 1 7,395,154 – (7,395,154) – Stage 3 to stage 2 – 714,904 (714,904) – Net ECL re-measurement (7,630,662) (63,821) 4,001,396 (3,693,087) Ending balance 1,368,090 744,045 33,793,077 35,905,212
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