ECCB 2015/2016 Annual Report

EASTERN CARIBBEAN CENTRAL BANK

Eastern Caribbean Central Bank Notes to Financial Statements March 31, 2016 (expressed in Eastern Caribbean dollars) ib a Ce tral Bank t t i i l tate ents March 31, 2016 (expressed in Eastern Caribbean dollars) (expressed in Eastern Caribbean dollars) 9.

NOTES TO FINANCIAL STATEMENTS

March 31, 2016

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

9. Loans and receivables: P articipating governments’ securities ...continued The movement in loans and receivables: participating governments’ securities may be summarized as follows: Debentures $ Treasury Bills $ Total $ Balance as of March 31, 2014 92,869,496 8,810,760 101,680,256 Payment of principal (5,653,965) - (5,653,965) Balance as of March 31, 2015 87,215,531 8,810,760 96,026,291 Payment of principal (9,565,310) - (9,565,310) Reduction in Treasury Bill holdings - (4,429,680) (4,429,680) Balance as of March 31, 2016 77,650,221 4,381,080 82,031,301 9. Loans and r ceivables: P articipating governments’ securities ...continued The movement in loans and receivables: participating governments’ securities may be summarized as follows: Debentures $ Treasury Bills $ Total $ Balance as of March 31, 2014 92,869,496 8,810,760 101,680,256 Payment of principal (5,653,965) - (5,653,965) Balance as of March 31, 2015 87,215,531 8,810,760 96,026,291 Payment of principal (9,565,310) - (9,565,310) Reduction in Treasury Bill holdings - (4,429,680) (4,429,680) Balance as of March 31, 2016 77,650,221 4,381,080 82,031,301 The movem nt in loans nd receivables: participating gov rnme s’ securities may be summarized as follows:

10. Loans and receivables: P articipating governments’ advances 10. Loans and receivables: P articipating governments’ advances 10.

Loans and receivables: Participating governments’ advances

2016 $

2015 $

2016 $

2015 $

Operating accounts: - Government of Anguilla - Government of Saint Lucia - Government of Grenada Operating accounts: - Government of Anguilla t f Saint Lucia t f Gre ada

12,307,280 11, 14,513 12,636,232 10,47 ,949

13,229,963

12,307,280 11,114,513 12,636,232 10,476,949 7,144

13,229,963 7,846,082 3,497,929 7,846,082 3,497,929 –

t f St. Vincent and the Grenadines

- Government of St. Vincent and the Grenadines - Government of the Commonwealth of Dominica t f the Commonwealth of Domi ica t f Montserrat

– – –

– –

107,144 18,053

18, 53

- Government of Montserrat

46,660, 71

24,573,974

46,660,171

24,573,974

Temporary advances: - Government of St. Vincent and the Grenadines - Government of Antigua and Barbuda Temporary advances: - Government of St. Vincent and the Grenadines - r e t of Antigua a d Barbuda - er ent of Grenada t f the Commonwealth of Dominica - Government of Grenada - Government of the Commonwealth of Dominica - r

12,402,440 2,978,302 5,053,943

25,252,606

25,252,606 5,622,328 5,62 ,328 –

12,402,440 2,978,302 5,053,943 36 ,348

–

– –

20,795,033

30,874,934

360,348

20,795,033 35,523

30,874,934 243,384

Interest receivable Interest receivable Total tempor ry advances Total temporary advances

35,523

243,384

20,830,5 6 67,490,727

31,118, 18 55,692,292

20,830,556 67,490,727

31,118,318 55,692,292

Total due from participating governments’ advances due from participating governments’ advances

Current 67,490,727 Amounts due from participating governments for temporary advances and operating account overdraft balances are unsecured and usually accrue interest at 6.50% per annum. 67,490,727 Amounts due from participating governments for temporary advances and operating account overdraft balances are unsecured and usually accrue interest at 6.50% per annum. ts due from participating governments for temporary adv ces and operating account overdraft balanc s a unsecured and usually accrue interest t 6.50% per annum. 55,692,292 Current 55,692,292

100

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ECCB A nnual R eport 2015/2016

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