ECCB 2023-2024 Annual Report

Eastern Caribbean Central Bank Statement of Cash Flows For the year ended 31 March 2024 (Expressed in Eastern Caribbean dollars)

Notes

2024 $

2023 $

Cash flows from operating activities Profit (loss) for the year

80,162,272

(54,520,799)

Adjustments for: Depreciation of property and equipment Depreciation of right-of-use assets Amortisation of intangible assets Share of profit of associates Net pension cost during the year Gain on sale of property and equipment

6,531,909 955,150 907,112 (1,884,325) 3,536,000 115

15 16 14 13 29 28 28 27 30 26 26 26 9

6,309,524 788,370 957,798 35,247,720 (685,160) 1,701,000 46,937,350 1,194,873 (90,053,738) 1,457,982 (8,631) -

Net losses on sale of foreign investment securities at FVOCI

(2,420) (18,857 )

Gain on lease modification

-

Net losses on foreign investment securities at FVTPL Net impairment losses on financial assets

2,623,122 (159,829,373) 4,464,527

Interest income

Interest expense on demand and deposit liabilities

171,764

152,314

Interest expense on lease liabilities

Cash flows used in operations before changes in operating assets and liabilities

(62,383,004)

(50,521,397)

Changes in operating assets and liabilities Money market instruments Participating governments' securities Participating governments' advances Accounts receivable and prepaid expenses

94,400,066 12,271,184 90,156,379 (1,451,031) (60,608 ) (460,070) (289,465,667)

6

167,985,238 (8,645,491) (60,759,671) (886,343) (1,109,982) 175,557,329 60,473

10 11 12

7

Derivative financial asset Derivative financial liabilities

20

17, 18

Demand and deposit liabilities - domestic and foreign IMF government general resource accounts

2,384

19

(80,258)

Cash (used in) generated from operations before interest and pension contributions

(156,990,367)

221,599,898

159,690,656 (4,185,065) (3,056,000) (4,540,776)

87,459,663 (1,610,296) (2,889,000) 304,560,265

Interest received Interest paid

Pension contributions paid

Net cash (used in) generated from operating activities

Cash flows from investing activities

15 14

(17,315,377) (345,586)

Acquisition of property and equipment Acquisition of intangible assets Proceeds from sale of property and equipment 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

(9,292,781) (2,665,156)

3,231

9,750

5,527,510,805

2,655,464,534

(5,796,210,505) (2,684,596,821)

- - -

(120,795,390) 30,491,473 325,146,786

13

465,028

Dividends received from associates

612,366

Net cash (used in) generated from investing activities

(285,892,404)

194,374,761

6