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BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2016
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Consolidated Financial Statements
For the year ended March 31, 2016
(Expressed in Barbados dollars)
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12. Loans and Advances
(i) Loans and advances are comprised of the following:
2016
Consumer
Business Mortgages
Total
Performing loans
$ 558,134,102 8,896,892 392,080,969 959,111,963
Non-performing loans
35,061,187 646,858 21,150,390
56,858,435
Gross loans
593,195,289 9,543,750 413,231,359 1,015,970,398
Less: provision for impairment
(16,354,985)
(151,572)
(5,689,580)
(22,196,137)
$ 576,840,304 9,392,178 407,541,779 993,774,261
Add: interest receivable
7,655,727
$ 1,001,429,988
2015
Consumer
Business Mortgages
Total
Performing loans
$ 515,355,552 9,086,493 344,958,076 869,400,121
Non-performing loans
32,602,431 598,947 21,208,066
54,409,444
Gross loans
547,957,983 9,685,440 366,166,142 923,809,565
Less: provision for impairment
(17,036,003)
(294,476)
(5,858,141)
(23,188,620)
$ 530,921,980 9,390,964 360,308,001 900,620,945
Add: interest receivable
5,438,586
$ 906,059,531
Non-performing loans comprise of:
i.
Loans and advances of the parent that are in arrears over 90 days, which are either past due
but not impaired or individually impaired
ii.
Non accrual loans of a subsidiary.
