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)

21. Other Reserves (continued)

Revaluation reserve – property and equipment

This reserve represents the carrying amount arising on revaluation of land and buildings recognised in other comprehensive income.

Revaluation reserve – investment securities

The investment revaluation reserve represents the net unrealised fair value gains/(losses) on the revaluation of the Bank’s financial assets classified and measured at FVOCI and expected credit losses thereon. The movements of the “r evaluation reserve: investment securiti es” as a result of changes in the fair values are as follows: Foreign investment securities $ Money market instruments $ Total $

21,981,747

5,134

21,986,881

Balance at 31 March 2021 Revaluation of foreign securities

(139,304,641)

(1,020,528) (140,325,169)

Revaluation transfer to profit or loss on disposal of foreign securities Impairment of investment securities at FVOCI

3,063,789

- -

3,063,789

190,097

190,097

(114,069,008) (47,849,012)

(1,015,394) (115,084,402)

Balance at 31 March 2022 Revaluation of foreign securities

480,871

(47,368,141)

Revaluation transfer to profit or loss on disposal of foreign securities Impairment of investment securities at FVOCI

35,247,720

- -

35,247,720

(186,783)

(186,783)

Balance at 31 March 2023

(126,857,083)

(534,523) (127,391,606)

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