ECCB 2015/2016 Annual Report

Eastern Caribbean Central Bank Statement of Cash Flows For the year ended March 31, 2016 (expressed in Eastern Caribbean dollars) (expressed in Eastern Caribbean dollars)

EASTERN CARIBBEAN CENTRAL BANK

STATEMENT OF CASH FLOWS

For the year ended March 31, 2016

2016 $

2015 $

Cash flows from operating activities Net loss for the year

(10,014,002)

(12,138,925)

Items not affecting cash Depreciation

4,724,840 2,032,661 (3,314,912) (1,077,879) 2,334,000 1,315,109 (11,544) (42,065,214) 161,353 - 9,429

4,459,623 1,433,209 (7,570,215) (1,227,633) (1,596) (220,115) 2,423,000

Amortisation

Gain on disposal of available-for-sale securities

Share of profit of associates

Gain on disposal of property, plant and equipment Effect of changes in market value of money market instruments

Net pension cost during the year Impairment loss on financial assets Gain on dissolution of subsidiary

-

-

Interest income Interest expense

(37,164,958)

1,881

Cash flows used in operations before changes in operating assets and liabilities Changes in operating assets and liabilities Decrease in term deposits (Increase) decrease in money market instruments Decrease in loans and receivables - participating governments’ securities Decrease in loans and receivables - participating governments’ advances Increase in accounts receivable and prepaid expenses Decrease (increase) in financial assets held for trading Increase (decrease) in financial liabilities held for trading

(45,906,159)

(50,005,729)

942,801

503,024 67,437,795

(189,745,843) 13,994,990 12,006,296 (261,873) 4,249,663 4,629,792 (2,332,000) 664,715,229 462,288,758 (161,398) 42,943,825 (4,138)

5,653,965

14,019,430 (13,112,366) (3,107,424) (2,641,716) (2,319,000) 427,779,181

Contributions to pension scheme

Increase in demand and deposit liabilities - domestic and foreign (Decrease) increase in IMF government general resource accounts

2,043

Cash from operations before interest

444,209,203

Interest paid Interest received

(1,916)

34,879,515

Net cash from operating activities Cash flows from investing activities

505,071,185

479,086,802

(1,531,837) (201,039)

Purchase of property, plant and equipment Purchase of intangible assets Proceeds from disposal of property, plant and equipment Proceeds from disposal of available-for-sale securities Purchase of available-for-sale - foreign investment securities

(732,122) (2,351,502)

-

16,000

4,722,641,095 (5,036,447,795)

4,071,884,951 (4,294,537,603)

501,090

Dividends received from associates

668,120

Net cash used in investing activities

(315,038,486)

(225,052,156)

The notes on pages 45 to 125 are an integral part of these financial statements.

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ECCB A nnual R eport 2015/2016