ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2023 (Expressed in Eastern Caribbean dollars)

3. Financial risk management (continued)

e) Fair value (continued)

(i) Financial instruments not measured at fair value

The table below summarises the carrying amounts and fair values of those fin ancial assets and liabilities not presented in the Bank’s statement of financial position at their fair value:

Carrying value

Fair value

2023

2022

2023

2022

$

$

$

$

Financial assets Balances with other central banks Balances with foreign banks Cash and balances with local banks Participating governments’ securities Participating governments’ advances Money market instruments and money at call

13,482,886

13,482,886

17,814,003 1,020,689 870,824,928

17,814,003 1,020,689 870,824,928

692,982

692,982

411,428,858

411,428,858

600,759

600,759

1,150,207

1,150,207

216,834,892 91,017,282

192,520,577 91,017,282

225,602,673 152,201,810

225,602,673 152,201,810

Account receivable

3,279,268

3,279,268

3,995,102

3,995,102

737,336,927

713,022,612

1,272,609,412

1,272,609,412

Financial liabilities Demand and deposit liabilities – domestic

5,521,949,281

5,521,949,281

5,680,620,668

5,680,620,668

2,414,020 55,169,474 1,256,870

2,414,020 55,169,474 1,256,870

Lease liabilities

2,918,573 72,055,416 1,176,613

2,918,573 72,055,416 1,176,613

Demand and deposit liabilities – foreign IMF government general resource accounts

5,580,789,645

5,580,789,645

5,756,771,270

5,756,771,270

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