ECCB 2017-2018 Annual Report and Statement of Accounts

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ECCB ANNUAL REPORT 2017/2018

EASTERN CARIBBEAN CENTRAL BANK STATEMENT OF CHANGES IN EQUITY (expressed in Eastern Caribbean dollars) For the year ended March 31, 2018 Eastern Caribbean Central Bank Statement of Changes in Equity For the year ended March 31, 2018 (expressed in Eastern Caribbean dollars) Accumulated Surplus $ General Reserve $ Capital Reserve $ Revaluation Reserve: Properties $ Revaluation Reserve: Available- -for-Sale Securities $ Export Credit Guarantee Fund $ Insurance Reserve Fund Balance, March 31, 2017 - 111,106,309 6,537,928 82,106,312 (17,292,043) 1,808,877 11,390,470 26,510,000 222,167,853 Net profit for the year 10,765,278 - - - - - - - 10,765,278 Revaluation adjustment (note 15) - - - 10,401,633 - - - - 10,401,633 Actuarial losses on defined benefit pension plan (note 21) - - - - - - - (415,000) (415,000) Net change in fair value of investment securities and money market instruments (note 20) - - - - (27,996,170) - - - (27,996,170) Total comprehensive income 10,765,278 - - 10,401,633 (27,996,170) - - (415,000) (7,244,259) Allocation to general reserve (9,350,133) 9,350,133 - - - - - - - Allocation to pension reserve (note 20) (853,000) - - - - - - 853,000 - Allocation to self- insurance reserve fund (note 20) (562,145) - - - - - 562,145 - - Balance, March 31, 2018 - 120,456,442 6,537,928 92,507,945 (45,288,213) 1,808,877 11,952,615 26,948,000 214,923,594 Self- $ Pension Reserve $ Total $

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The notes on pages 11 to 95 are an integral part of these financial statements. The notes on pages 78 to 162 are an integral part of these financial statements.