BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2016
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BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Non-consolidated Financial Statements
For the year ended March 31, 2016
(Expressed in Barbados dollars)
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24. Financial Risk Management,
continued
Credit risk,
continued
Exposure to credit risk before collateral held or other credit enhancements
Credit risk exposures relating to on-balance sheet assets are as follows:
Maximum exposure
2016
2015
Loans and advances to customers:
Consumer
$ 548,321,633 505,612,835
Mortgages
261,229,580 234,895,063
Business
3,323,563 2,763,033
Financial investments:
Held-to-maturity
29,074,183 25,838,462
Cash resources
102,162,229 93,772,722
Credit risk exposures relating to off-balance sheet items are as follows:
Loan commitments
61,823,325 52,655,950
Total maximum exposure
$ 1,005,934,513 915,538,065
The above table represents the maximum credit risk exposure of the Credit Union as of
March 31, 2016 and March 31, 2015, without taking account of any collateral held or other credit
enhancements attached. For on-balance sheet assets, the exposures set out above are based on net
carrying amounts as reported in the statement of financial position.
