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
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