ECCB 2017-2018 Annual Report and Statement of Accounts

162 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

27. Salaries, pensions and other staff benefits

2018 $

2017 $

27,685,980 1,353,000 983,865 227,744 50,770 30,301,359

25,821,435 2,616,000 911,655 364,542

Salaries, wages and other benefits

Pension (note 21) Social security Vacation leave

59,553

Prepaid employee benefit

Total salaries, pensions and other staff benefits

29,773,185

28. Administrative and general expenses

2018 $

2017 $

7,550,167 7,438,370 2,565,648 1,941,821 1,521,487 1,175,978 961,629 928,360 924,498 821,936 796,570 714,218 591,098 486,157 391,908 360,208 221,269 217,678 170,887

7,449,169 7,371,906 2,830,123 823,383 1,350,282

General supplies and services Professional and consulting fees

Utilities expenses

Legal fees

Training, recruitment and resettlement Contribution to intra-regional central bank games

-

Conference and meetings

985,772 852,986 999,165 830,362 686,092 706,607 376,128 546,602 460,875 300,696 204,139 172,047 266,849 520,373 83,379 63,791 50,026 16,541 99,967

Rental expense

Travel tickets, accommodation and subsistence

Contribution to ECSRC Telephone costs Insurance expense Repairs and maintenance Staff vacation grant

Special projects

Other staff expenses and amenities

Subscriptions and fees Community outreach

Contingencies

-

Supervisory and regulatory expenses Advertising and promotion

134,271 56,885 25,430 22,846 16,628 7,159 6,412

Affiliate groups

Contribution to staff association

Printing and postage Cafeteria subsidy

Impairment loss on financial assets Directors' travel and subsistence

-

91,600

Total administrative and general expenses

30,049,518

28,138,860

95