ECCB 2022-2023 Annual Report and Financial Statements
Eastern Caribbean Central Bank Statement of Cash Flows
For the year ended 31 March 2023 (Expressed in Eastern Caribbean dollars)
2022 $
Notes
2023 $
Cash flows from operating activities Net loss for the year
(49,099,014)
(54,520,799)
Adjustments for: Depreciation of property and equipment
15 16 14 13 29 28 27 30 26 26 26 9
5,336,227
6,309,524
727,806 900,176
788,370 957,798
Depreciation of right-of-use assets Amortisation of intangible assets
3,063,789 (2,579,828) 1,177,000 23,432,278 6,475,644 (40,417,716) 725
35,247,720
Net loss (gain) on sale of foreign investment securities at FVOCI
(685,160)
Share of profit of associates Net pension cost during the year
1,701,000
(8,631 )
Gain on sale of property and equipment
Net losses on foreign investment securities at FVTPL
46,937,350 1,194,873 (90,053,738)
Net impairment losses on financial assets
Interest income
-
1,457,982
Interest expense – demand and deposit liabilities
164,949
152,314
Interest expense on lease liabilities
(50,817,964)
Cash flows used in operations before changes in operating assets and liabilities
(50,521,397)
Changes in operating assets and liabilities Term deposits
1,124,419
-
Money market instruments
6
(15,786,877) (6,313,095) 66,612,126 (2,056,482)
167,985,238 (8,645,491) (60,759,671)
10 11 12
Participating governments' securities Participating governments' advances Accounts receivable and prepaid expenses
(886,343)
7
26,920 937,833
60,473
Derivative financial asset Derivative financial liabilities
20
(1,109,982)
17, 18
585,009,383
175,557,329
Demand and deposit liabilities - domestic and foreign
19
60,910
(80,258)
IMF government general resource accounts
578,797,173 47,870,038
Cash from operations before interest and pension contributions
221,599,898 87,459,663
Interest received
(164,949) (2,815,000)
(1,610,296) (2,889,000)
Interest paid
Pension contributions paid
623,687,262
Net cash generated from operating activities
304,560,265
Cash flows from investing activities
15 14
Purchase of property and equipment
(8,659,640) (2,971,268)
(9,292,781) (2,665,156)
Purchase of intangible assets
Proceeds from sale of property and equipment
200
9,750
Proceeds from sales and maturities of foreign investment securities at FVOCI Purchase of foreign investment securities at FVOCI Purchase of foreign investment securities at FVTPL Principal collections on foreign investment securities at FVTPL Proceeds from sale of foreign investment securities at FVTPL
4,304,324,266
2,655,464,534
(2,684,596,821) (4,832,522,003)
(182,878,449) 82,298,396 112,687,044
(120,795,390) 30,491,473 325,146,786
13
Dividends received from associates
746,654
612,366
(526,974,800)
Net cash generated from (used in) investing activities
194,374,761
6
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