ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Statement of Changes in Equity

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

Revaluation Reserve: Investment Securities $

Revaluation Reserve: Property and Equipment $

Self Insurance Reserve Fund $

Export Credit Guarantee Fund $

Pension Reserve $

Retained Earnings $

General Reserve $

Capital Reserve $

Total $

- 190,598,694 6,537,928 118,910,732 (115,084,402)

Balance, 31 March 2022

1,808,877 14,488,544

34,197,000 251,457,373

Net loss for the year

(54,520,799)

(54,520,799)

-

-

-

-

-

-

-

Remeasurement loss on defined benefit pension plan (note 22)

(4,409,000)

(4,409,000)

-

-

-

-

-

-

-

Net change in fair value of investment securities at FVOCI

(12,307,204)

(12,307,204)

-

-

-

-

-

-

-

(54,520,799)

(12,307,204)

(4,409,000) (71,237,003)

Total comprehensive loss

-

-

-

-

-

Allocation from general reserve

55,708,799 (55,708,799)

-

-

-

-

-

-

-

Allocation to pension reserve (note 21) (1,188,000)

1,188,000

-

-

-

-

-

-

-

- 134,889,895 6,537,928 118,910,732 (127,391,606)

Balance, 31 March 2023

1,808,877 14,488,544

30,976,000 180,220,370

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

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