ECCB 2017-2018 Annual Report and Statement of Accounts

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ECCB ANNUAL REPORT 2017/2018

Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2018 (expressed in Eastern Caribbean dollars)

EASTERN CARIBBEAN CENTRAL BANK NOTES TO THE FINANCIAL STATEMENTS

(expressed in Eastern Caribbean dollars)

March 31, 2018

8. Available-for-sale investment securities …continued Gains less losses from investment securities comprise:

2018 $

2017 $

Net realised (losses)/gains from disposal of available-for-sale investment securities

(6,258,867)

827,468

9. Loans and receivables: Participating governments’ securities a) Participating governments’ securities: Debentures Nominal value 2018 $

Amortised cost 2018 $

Nominal value 2017 $

Amortised cost 2017 $

Government of Antigua and Barbuda 9% Debentures maturing 2018

857,579 857,579

1,715,157 1,715,157

64,614,323 64,614,323

3.5% Debenture maturing 2027

69,935,882 69,935,882

65,471,902 65,471,902

71,651,039 71,651,039

-

1,637,782

Interest receivable

1,683,300 1,683,300

Total participating governments’ securities: Debentures

65,471,902 67,109,684

73,334,339 73,334,339

The Government of Antigua and Barbuda 15 - year 3.5% treasury bond maturing in 2027 arose as a result of the liquidity support extended to Bank of Antigua Limited under emergency powers exercised by the Eastern Caribbean Central Bank on February 20, 2009.

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