ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Statement of Profit or Loss and Other Comprehensive Income

For the year ended 31 March 2023 (Expressed in Eastern Caribbean dollars)

Notes

2022 $

2023 $

(49,099,014)

Net loss for the year

(54,520,799)

Other comprehensive loss:

Items that will not be reclassified to profit or loss Remeasurement loss on defined benefit pension plan

22

(7,565,000)

(4,409,000)

Items that are or may be subsequently reclassified to profit or loss Net losses from changes in the fair value of foreign debt investment securities at FVOCI 21

(140,325,169)

(47,368,141)

Losses on sale of foreign debt investment securities at FVOCI recycled to profit or loss

9

3,063,789

35,247,720

Expected credit losses (reversals) on foreign debt investment securities at FVOCI

21

190,097

(186,783)

(144,636,283)

Total other comprehensive loss for the year

(16,716,204)

(193,735,297)

Total comprehensive loss for the year

(71,237,003)

The notes on pages 8 to 119 are an integral part of these financial statements.

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