ECCB 2023-2024 Annual Report

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2024 (Expressed in Eastern Caribbean dollars)

9. Investment Securities (continued) Allowance for impairment losses on investment securities at FVOCI The loss allowance on investment securities at FVOCI is recognised in other comprehensive income as the carrying amount of these investments is their fair value. The following table shows the allowance for impairment losses on investment securities measured at FVOCI: 2024 2023 12-month ECL Lifetime ECL not Credit-impaired Lifetime ECL credit impaired Total Total Debt securities at FVOCI Balance at 1 April 2023 959,849 - - 959,849 1,146,632

Decrease in loss allowance recognised in profit or loss during the year

(560,043)

(560,043)

-

-

(186,783)

Balance as at 31 March 2024

399,806

399,806

-

-

959,849

The movement in investment securities measured at FVOCI is summarised as follows: Domestic Securities $

Foreign Investment Securities $

Balance as of 31 March 2022

624,186

3,997,720,535 2,684,596,821 (2,690,712,280) (12,601,292) 3,979,003,784 5,796,210,505 (5,527,510,920)

Additions

- - -

Sales, maturities and redemptions Net loss transfer from equity

Balance as of 31 March 2023

624,186

Additions

- - -

Sales, maturities and redemptions Net gain transfer to equity

66,360,553

Balance as of 31 March 2024

624,186

4,314,063,922

The Bank transferred losses of $115 (2023: $35,247,720) from equity into the statement of profit or loss.

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