ECCB 2023-2024 Annual Report

Eastern Caribbean Central Bank Statement of Changes in Equity (continued) For the year ended 31 March 2024 (Expressed in Eastern Caribbean dollars)

Export Credit Guarantee Fund $

Investment Revaluation Reserve $

Self Insurance Reserve Fund $

Pension Reserve $

Retained Earnings $

General Reserve $

Capital Reserve $

Revaluation Reserve $

Total $

Balance, 31 March 2022

- 190,598,694 6,537,928 118,910,732 (115,084,402) 14,488,544

34,197,000

1,808,877 251,457,373

-

-

-

-

-

-

- (54,520,799)

Loss for the year

(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)

Total comprehensive loss

-

-

-

-

- (71,237,003)

(54,520,799)

(12,307,204)

(4,409,000)

-

-

-

-

-

-

-

Allocation from general reserve

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

-

-

-

-

-

-

-

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

1,188,000

Balance, 31 March 2023

- 134,889,895 6,537,928 118,910,732 (127,391,606) 14,488,544

30,976,000

1,808,877 180,220,370

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

5