ECCB 2023-2024 Annual Report

Eastern Caribbean Central Bank Statement of Profit or Loss For the year ended 31 March 2024 (Expressed in Eastern Caribbean dollars)

2024 $

Notes

2023 $

159,829,373

90,053,738

26

Interest income

(4,636,291)

(1,610,296)

26

Interest expense

155,193,082

88,443,442

Net interest income

12,526,477

9,414,149

Commission income – foreign transactions

5,289,343

5,316,992

Commission income – other transactions

Net losses on sale of foreign investment securities at fair value through other comprehensive income (FVOCI)

9

(115)

(35,247,720)

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

-

(44,115,415)

3,106,807

4,566,773

28

Other income

Operating income

176,115,594

28,378,221

42,082,111 4,261,638 907,112 7,487,059 40,476,605 2,623,122

39,024,868 3,472,368 957,798 7,097,894 31,836,379 1,194,873

29

Salaries, pensions and other staff benefits

Currency expenses Amortisation

14

15, 16

Depreciation

31 30

Administrative and general expenses Net impairment losses on financial assets

97,837,647

83,584,180

Operating expenses

78,277,947

(55,205,959)

Operating profit (loss) for the year

1,884,325

685,160

13

Share of profit of associates

80,162,272

(54,520,799)

Profit (loss) for the year

The accompanying notes are an integral part of these financial statements.

2