ECCB 2016/2017 Annual Report

ECCB ANNUAL REPORT 2016/2017

73

EASTERN CARIBBEAN CENTRAL BANK

STATEMENT OF CHANGES IN EQUITY...Continued

Allocation from general reserve 10,012,002 (10,012,002) - - - - - - - Adjustment to general reserve arising from dissolution of subsidiary - (11,544) - - - - - - (11,544)

Allocation from pension reserve (note 20) 2,000 - - - - - - (2,000) - Balance, March 31, 2016 - 104,867,765 6,537,928 82,106,312 22,048,756 1,808,877 10,980,827 14,467,000 242,817,465

Total $

investment securities and money market instruments (note 20) - - - - 4,749,638 - - - 4,749,638

Balance, March 31, 2015 - 114,891,311 6,537,928 82,106,312 17,299,118 1,808,877 10,980,827 20,517,000 254,141,373 Net loss for the year (10,014,002) - - - - - - - (10,014,002) Actuarial losses on defined benefit pension plan (note 21) - - - - - - - (6,048,000) (6,048,000) Net change in fair value of

$

Pension

Reserve

Total comprehensive income (10,014,002) - - - 4,749,638 - - (6,048,000) (11,312,364)

Insurance Reserve Fund $

Self-

(expressed in Eastern Caribbean dollars) For the year ended March 31, 2017 Accumulated (Deficit) $ General Reserve $ Capital Reserve $ Revaluation Reserve: Properties $ Revaluation Reserve: Available- -for-Sale Securities $ Export Credit Guarantee Fund $

9

Eastern Caribbean Central Bank Statement of Changes in Equity …continued For the year ended March 31, 2017 (expressed in Eastern Caribbean dollars)

The notes on pages 11 to 92 are an integral part of these financial statements The notes on pages 75 to 156 are an integral part of these financial statements.