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)

16. Leases (continued)

(a) Amounts recognised in the statement of financial position (continued)

(ii) Lease liabilities (continued)

Buildings $ 2,936,773

At 1 April 2021

Effect of modification of lease

127,618 164,949

Interest expense Lease payments

(815,320)

Balance at 31 March 2022

2,414,020

2023 $

2022 $

Maturity analysis of contractual undiscounted cash flows of lease liability Less than one year

668,348

977,395

One to five years

1,650,761

1,984,446

More than five years

445,686

335,677

2,764,795

3,297,518

Current

668,348

977,395

Non-current

2,096,447

2,320,123

2,764,795

3,297,518

(b) Amounts recognised in profit or loss

The following amounts are recognised in profit or loss:

2023 $

2022 $

Depreciation charge on right-of-use assets Interest expense on lease liabilities Expenses relating to short-term leases

727,806 164,949 233,820

788,370 152,314 238,450

1,126,575

1,179,134

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