ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Statement of Changes in Equity (continued) 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 $

- 241,335,708 6,537,928 118,910,732

Balance, 31 March 2021

21,986,881

1,808,877 14,488,544

40,124,000 445,192,670

Net loss for the year

(49,099,014)

- (49,099,014)

-

-

-

-

-

-

Remeasurement loss on defined benefit pension plan (note 22)

(7,565,000) (7,565,000)

-

-

-

-

-

-

-

Net change in fair value of investment securities at FVOCI

(137,071,283)

- (137,071,283)

-

-

-

-

-

-

(49,099,014)

(137,071,283)

(7,565,000) (193,735,297)

Total comprehensive loss

-

-

-

-

-

Allocation from general reserve

50,737,014 (50,737,014)

-

-

-

-

-

-

-

Allocation to pension reserve (note 21) (1,638,000)

1,638,000

-

-

-

-

-

-

-

- 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

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

5