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.
88
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