62 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) 37 11 Loans and advances …continued (iii) The movement in the expected credit loss allowance is as follows: 2026 Consumer $ Business $ Mortgages $ Total $ Balance, beginning of year 29,494,390 430,283 5,980,539 35,905,212 Charged off amounts reversed – – 517,026 517,026 Expected credit (release)/loss (47,497) (7,827) 463,853 408,529 Balance, end of year 29,446,893 422,456 6,961,418 36,830,767 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 (release)/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
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