60 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) 35 10 Financial investments …continued The movement in expected credit loss allowance on debt investments at amortised cost as follows: Note 2026 $ 2025 $ Balance at beginning of year 174,116 132,203 Expected credit (release)/loss on investments 5 (58,746) 41,913 Balance at end of year 115,370 174,116 There was $28,326 (2025 - $71,779) expected credit loss allowance at March 31, 2026 related to debt securities classified as stage 3 and $87,044 (2025 - $102,337) related to debt securities classified as stage 1. 11 Loans and advances (i) Loans and advances are comprised of the following: 2026 Consumer $ Business $ Mortgages $ Total $ Gross loans 620,850,106 2,784,545 553,052,835 1,176,687,486 Less: ECL allowance (29,446,893) (422,456) (6,961,418) (36,830,767) 591,403,213 2,362,089 546,091,417 1,139,856,719 Add: Interest receivable 10,020,357 1,149,877,076 2025 Consumer $ Business $ Mortgages $ Total $ Gross loans 612,799,329 3,028,441 537,537,574 1,153,365,344 Less: ECL allowance (29,494,390) (430,283) (5,980,539) (35,905,212) 583,304,939 2,598,158 531,557,035 1,117,460,132 Add: Interest receivable 10,503,415 1,127,963,547 The average yield on loans for the year was 6.91% (2025 - 7.21%).
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