ECCB 2014-2015 Annual Report and Statement of Accounts

EASTERN CARIBBEAN CENTRAL BANK

Eastern Caribbean Central Bank Notes to Consolidated Financial Statements March 31, 2015 Eastern Caribbean Central Bank Notes to Consolidated Financial Statements March 31, 2015 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (expressed in Eastern Caribbean dollars) March 31, 2015

(expressed in Eastern Caribbean dollars) (expressed in Eastern Caribbean dollars)

8. Available-for-sale investment securities …continued Gains less losses from investment securities comprise: 8. Available-for-sale investment securities …continued Gains less losses from investment securities comprise: able - le investment securities …continued i l s l sses from investment securities comprise:

8.

2015 $ 2015 $

2014 $ 2014 $

Net realised gains (losses) from disposal of available-for-sale financial assets Net realised gains (losses) from disposal of available-for-sale financial assets

(140,936) (140,936)

7,570,215 7,570,215

9. Loans and receivables: Participating governments’ securities 9. Loans and receivables: Participating governments’ securities Loans and receivables: Participating governments’ securities

9.

a) P articipating governments’ securities: Debentures a) P articipating governments’ securities: Debentures a) Participating governments’ securities: Debentures

Nominal value 2015 $ Nominal value 2015 $ 3,430,314 3,430,314

Amortised cost 2015 $ Amortised cost 2015 $ 3,430,314 3,430,314

Nominal value 2014 $ Nominal value 2014 $ 4,288,239 4,288,239

Amortised cost 2014 $ Amortised cost 2014 $ 4,288,239 4,288,239

Government of Antigua & Barbuda 9% Debentures maturing 2018 Government of Antigua & Barbuda 9% Debentures maturing 2018 3.5% Debenture maturing 2027 3.5% Debenture maturing 2027 Government of St. Kitts & Nevis 5% Debentures maturing 2016 Government of St. Kitts & Nevis 5% Debentures maturing 2016

84,841,257 84,841,257 84,841,257 84,841,257

80,045,217 80,045,217 80,045,217 80,045,217

3,740,000 3,740,000

3,740,000 3,740,000

3,740,000 3,740,000

3,740,000 3,740,000

92,869,496 92,869,496 92,869,496 92,869,496

87,215,531 87,215,531 87,215,531 87,215,531

Interest receivable Interest receivable

–

–

2,154,983 2,154,983

3,114,535 3,114,535

–

–

Total participating governments ’ securities: Debentures Total participating governments ’ securities: Debentures

92,869,496 95,024,479 92,869,496 95,024,479

87,215,531 90,330,066 87,215,531 90,330,066

The Government of Antigua and Barbuda 15 year 3.5% treasury bond maturing in 2027 arose as a result of the liquidity support extended to Bank of Antigua Limited under emergency powers exercised by the Eastern Caribbean Central Bank on February 20, 2009. The Government of Antigua and Barbuda 15 year 3.5% treasury bond maturing in 2027 arose as a result of the liquidity support extended to Bank of Antigua Limited under emergency powers exercised by the Eastern Caribbean Central Bank on February 20, 2009. Th ent of Antigu and Barbuda 15 year 3.5% t easury bond maturing in 2027 arose as a result of the liquidity support extended to Bank of Antigua Limited under em rgency powers exercised by the Eastern Caribbean Central Bank on February 20, 2009.

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