ECCB 2017-2018 Annual Report and Statement of Accounts

Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2018 (expressed in Eastern Caribbean dollars) ECCB ANNUAL REPORT 2017/2018 132

EASTERN CARIBBEAN CENTRAL BANK NOTES TO THE FINANCIAL STATEMENTS

(expressed in Eastern Caribbean dollars)

March 31, 2018

8. Available-for-sale investment securities

2018 $

2017 $

Domestic securities Equity securities

Caribbean Information and Credit Rating Agency Services Ltd. 156,180 (2017: 156,180) ordinary shares of $2.70 each - unquoted, at cost Eastern Caribbean Automated Clearing House Services Inc. (2017: 20,500) ordinary shares of $10.00 each - unquoted, at cost

421,686

421,686

202,500 624,186

202,500 624,186

Foreign securities Debt securities

3,144,942,775 2,928,601,754

- quoted, at fair value

12,724,624

Interest receivable

10,910,105

Total foreign securities

3,157,667,399 2,939,511,859

Total investment securities

3,158,291,585 2,940,136,045

Current

653,772,346

755,310,775

Non-current

2,504,519,239 2,184,825,270 3,158,291,585 2,940,136,045

The movement in investment securities may be summarised as follows:

Foreign Investment Securities $

Domestic Securities $

Balance as of March 31, 2016

421,686 202,500

2,849,762,722 4,232,720,338 - (4,114,415,365) (38,638,473) (827,468) 2,928,601,754 4,048,130,233 (34,354,987) 6,258,867 - (3,803,693,092) - - - - -

Additions

Disposals (sale and redemption) Net gain transfer to equity Net gain transfer from equity Balance as of March 31, 2017 Disposals (sale and redemption) Net gains transfer to equity Net loss transfer from equity Balance as of March 31, 2018 Additions

624,186

624,186 3,144,942,775 The Bank transferred losses of $6,258,867 (2017: gains of $827,468) from equity into the statement of profit or loss.

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