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)

Investment Securities (continued)

9.

2023

2022

$

$

411,154,107 3,879,830,866

Current

1,210,900,348 2,780,312,616

Non-current

4,290,984,973

3,991,212,964

Allowance for impairment losses on investment securities at FVOCI

The loss allowance on investment securities at FVOCI is recognised in other comprehensive income as the carrying amount of these investments is their fair value.

The following table shows the allowance for impairment losses on investment securities measured at FVOCI: 2023 2022

Lifetime ECL credit impaired

12-month ECL

Lifetime ECL not Credit-impaired

Total

Total

Debt securities at FVOCI Balance at 1 April 2022

1,146,632

-

-

956,535

1,146,632

Increase (decrease) in loss allowance recognised in profit or loss during the year

(186,783)

-

-

190,097

(186,783)

-

-

1,146,632

Balance as at 31 March 2023

959,849

959,849

The movement in investment securities measured at FVOCI is summarised as follows:

Domestic Securities $

Foreign Investment Securities $

624,186

3,608,827,439 4,832,522,003 (4,307,388,055) (139,304,641)

Balance as of 31 March 2021

Additions

- - - -

Sales, maturities and redemptions Net loss transfer to equity Net loss transfer from equity

3,063,789

624,186

3,997,720,535 2,684,596,821 (2,690,712,254)

Balance as of 31 March 2022

Additions

- - - -

Sales, maturities and redemptions Net loss transfer to equity Net loss transfer from equity

(47,849,012) 35,247,720

Balance as of 31 March 2023

624,186

3,979,003,784

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