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.

The Bank transferred losses of $35,247,720 (2022: $3,063,789) from equity into the statement of profit or loss.

Gains less losses from investment securities comprise:

2023 $

2022 $

Net realised (losses) gains from disposal of foreign investment securities

(3,063,789)

(35,247,720)

10. Participating govern ments’ securities

Participating government securities measured at amortised cost

Nominal value 2023 $

Amortised cost 2023 $

Nominal value 2022 $

Amortised cost 2022 $

Government of Antigua and Barbuda Debenture maturing 2027

41,399,205 52,674,876

41,399,205 52,108,945

35,078,863 35,078,863 38,274,609 36,646,390

Debenture maturing 2025 Debenture maturing 2027

-

-

10,000,000

10,000,000

Government of the Commonwealth of Dominica Debenture maturing 2034

26,980,436

26,855,829

25,154,231

24,084,134

Government of Saint Lucia Debenture maturing 2035

54,000,000

52,508,108

54,000,000

51,018,608

Government of Saint Vincent and the Grenadines Debenture maturing 2030

10,000,000 15,000,000 17,500,000

9,769,922 14,667,639 17,500,000

10,000,000 15,000,000 17,500,000 25,000,000

9,645,755 14,481,389 17,500,000 25,000,000

Debenture maturing 2035 Debenture maturing 2036 Debenture maturing 2037

-

-

217,554,517

214,809,648

230,007,703 223,455,139

Interest receivable

-

2,521,563

-

2,620,352

Total particip ating governments’ securities: debentures, gross

217,554,517

217,331,211

230,007,703 226,075,491

Less: allowance for impairment losses

-

(496,319)

-

(472,818)

Total participating governments’ securities: debentures, net

217,554,517

216,834,892

230,007,703 225,602,673

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