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)

26. Net interest income (continued)

Interest expense

Demand liabilities: domestic

-

1,457,982

Lease liabilities

164,949

152,314

164,949

1,610,296

40,252,767

Net interest income

88,443,442

27. Net losses on foreign investment securities at fair value through profit or loss (FVTPL)

2023 $

2022 $

17,081,000

Unrealised gains (losses) on investment securities at FVTPL

(19,510,182)

Realised (losses) gains on investment securities at FVTPL

(6,022,033)

(61,196,415)

(25,532,215)

(44,115,415)

28. Other income

2023 $

2022 $

Income from banking licence fees and penalties Pension fund administrative and management fees

3,635,000

3,538,334 594,966 322,800 970,530 (996,161)

794,623 322,800

Rental income

Gain on futures contracts Loss on foreign exchange

2,793,787 (626,013)

Gain (loss) on disposal of property and equipment

(725)

8,631

Other income

135,543

127,673

7,055,015

Total other income

4,566,773

Rental income results from rental of office space to affiliate institutions, namely, ECHMB, ECSE and ECPCGC, which are covered by leasehold rental contracts.

29. Salaries, pensions and other staff benefits

2023 $

2022 $

Salaries, wages and other benefits

36,494,895 1,177,000 1,245,989

35,658,612 1,701,000 1,228,644

Pension (note 22) Social security Vacation leave

428,323 16,850

403,934 32,678

Prepaid employee benefit

39,363,057

Total salaries, pensions and other staff benefits

39,024,868

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