BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2015
35
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Non-consolidated Financial Statements
For the year ended March 31, 2015
(Expressed in Barbados dollars)
23
11.
Loans and Advances
(i) Loans and advances are comprised of the following:
2015
Consumer
Business
Mortgages
Total
Performing loans
$ 491,662,619
2,458,562
220,158,090
714,279,271
Non-performing loans
30,986,219
598,947
19,309,332
50,894,498
Gross loans
522,648,838
3,057,509
239,467,422
765,173,769
Less: provision for impairment
(17,036,003) (294,476) (4,572,359) (21,902,838)
$ 505,612,835
2,763,033
234,895,063
743,270,931
Add: interest receivable
3,226,008
$ 746,496,939
2014
Consumer
Business
Mortgages
Total
Performing loans
$ 448,716,071
2,570,533
204,932,538
656,219,142
Non-performing loans
29,662,385
721,534
16,283,713
46,667,632
Gross loans
478,378,456
3,292,067
221,216,251
702,886,774
Less: provision for impairment
(16,754,196) (462,395) (4,118,331) (21,334,922)
$ 461,624,260
2,829,672
217,097,920
681,551,852
Add: interest receivable
2,779,627
$ 684,331,479
The average yield on loans for the year was 8.92% (2014 – 9.30%).
