ECCB 2017-2018 Annual Report and Statement of Accounts

ECCB ANNUAL REPORT 2017/2018

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Eastern Caribbean Central Bank Statement of Changes in Equity …continued For the year ended March 31, 2018 (expressed in Eastern Caribbean dollars) Accumulated Surplus EASTERN CARIBBEAN CENTRAL BANK STATEMENT OF CHANGES IN EQUITY ...Continued (expressed in Eastern Caribbean dollars) For the year ended March 31, 2018 $ General Reserve $ Capital Reserve $ Revaluation Reserve: Properties $ Revaluation Reserve: Available- -for-Sale Securities $ Export Credit Guarantee Fund $ Insurance Reserve Fund Balance, March 31, 2016 - 104,867,765 6,537,928 82,106,312 22,048,756 1,808,877 10,980,827 14,467,000 242,817,465 Net profit for the year 6,321,187 - - - - - - - 6,321,187 Actuarial gains on defined benefit pension plan (note 21) - - - - - - - 12,370,000 12,370,000 Net change in fair value of investment securities and money market instruments (note 20) - - - - (39,340,799) - - - (39,340,799) Total comprehensive income 6,321,187 - - - (39,340,799) - - 12,370,000 (20,649,612) Allocation to general reserve (6,238,544) 6,238,544 - - - - - - - Allocation from pension reserve (note 20) 327,000 - - - - - - (327,000) - Allocation to self- insurance reserve fund (note 20) (409,643) - - - - - 409,643 - - 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 Self- $ Pension Reserve $ Total $

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