ECCB 2017-2018 Annual Report and Statement of Accounts

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

EASTERN CARIBBEAN CENTRAL BANK NOTES TO THE FINANCIAL STATEMENTS

(expressed in Eastern Caribbean dollars)

March 31, 2018

14. Intangible assets

Computer software $

Cost Balance at April 1, 2016

16,293,183 881,061

Additions

Balance at March 31, 2017

17,174,244

Balance at April 1, 2017

17,174,244 1,980,970 (847,465)

Additions

Amortisation write-back

Balance at March 31, 2018

18,307,749

Accumulated amortisation Balance at April 1, 2016

13,833,630 1,531,044

Amortisation

Balance at March 31, 2017

15,364,674

Balance at April 1, 2017

15,364,674 1,270,631 (847,465)

Amortisation

Amortisation write-back

Balance at March 31, 2018

15,787,840

Net book value At April 1, 2016 At March 31, 2017 At March 31, 2018

2,459,553

1,809,570 2,519,909