ECCB 2015/2016 Annual Report
Eastern Caribbean Central Bank Statement of Income or Loss For the year ended March 31, 2016 (expressed in Eastern Caribbean dollars) (expressed in Eastern Caribbean dollars)
EASTERN CARIBBEAN CENTRAL BANK
STATEMENT OF INCOME OR LOSS
For the year ended March 31, 2016
Notes
2016 $
2015 $
42,065,214
Interest income Interest expense
25 25
37,164,958
(161,353)
(1,881)
Net interest income
41,903,861 9,934,071 2,443,674 3,314,912 4,440,874 62,037,392 28,652,765 10,746,467 1,060,461 2,032,661 4,724,840 25,912,079 73,129,273 (11,091,881)
37,163,077 8,767,735 2,230,075 7,570,215
Commission income – foreign transactions
Commission income – other transactions
Gain on disposal of available-for-sale securities
8
Other income
26
870,656
Operating income
56,601,758
Salaries, pensions and other staff benefits
27
28,896,972 9,725,775 1,650,912 1,433,209 4,459,623 23,801,825
Currency expenses Losses on foreign exchange
Amortisation Depreciation
14 15 28
Administrative and general expenses
Operating expenses
69,968,316
Operating loss
(13,366,558)
1,077,879
Share of profit of associates
13
1,227,633
Net loss for the year
(10,014,002)
(12,138,925)
The notes on pages 45 to 125 are an integral part of these financial statements.
The notes on pages 9 to 89 are an integral part of these financial statements.
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ECCB A nnual R eport 2015/2016
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