ECCB 2014-2015 Annual Report and Statement of Accounts
EASTERN CARIBBEAN CENTRAL BANK
Eastern Caribbean Central Bank Consolidated Statement of Income or Loss For the year ended March 31, 2015
(expressed in Eastern Caribbean dollars) CONSOLIDATED STATEMENT OF INCOME OR LOSS (expressed in Eastern Caribbean dollars) For the year ended March 31, 2015
Notes
2015 $
2014 $
37,164,958
Interest income
25
35,256,303
(1,881)
Interest expense
25
(5,569)
Net interest income
37,163,077 8,767,735 2,230,075
35,250,734
Commission income – foreign transactions
9,719,199
Commission income – other transactions
2,229,258
7,570,215
Gain (loss) on disposal of available-for-sale securities
8
(140,936)
870,656
Other income
26
4,668,692
Operating income
56,601,758
51,726,947
28,896,972 9,725,775 1,650,912 1,433,209 4,459,623 23,801,825
Salaries, pensions and other staff benefits
27
30,849,274 8,791,543 3,720,937 974,986 4,489,425 22,100,481
Currency expenses Losses on foreign exchange
Amortisation Depreciation
14 15 28
Administrative and general expenses
Operating expenses
69,968,316
70,926,646
Operating loss
(13,366,558)
(19,199,699)
1,227,633
Share of profit of associates
13
1,231,878
Net loss for the year
(12,138,925)
(17,967,821)
The notes on pages 50 to 129 are an integral part of these consolidated financial statements.
The notes on pages 9 to 88 are an integral part of these consolidated financial statements. ECCB ANNUAL REPORT 2014/2015 44
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