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)
13. Investments in associated undertakings using the equity method (continued)
The Bank’s investments in associates are detailed below:
2024 $
2023 $
Eastern Caribbean Home Mortgage Bank (ECHMB) Balance at beginning of year
22,032,920 1,259,700 (334,060) (15,342,573)
21,938,502 428,478 (334,060)
Share of profit for the year Dividend received in year Share of other comprehensive loss
-
Balance at end of year
7,615,987
22,032,920
Eastern Caribbean Securities Exchange (ECSE) Balance at beginning of year
4,712,019 624,625 (130,968) 5,205,676
4,733,643 256,682 (278,306) 4,712,019
Share of profit for the year Dividend received during the year
Balance at end of year
OECS Distribution and Transportation Company (ODTC) Balance at beginning and end of year
20,010
20,010
12,841,673
Total investments in associated undertakings
26,764,949
Non-current
12,841,673
26,764,949
The total share of profit of associates recognised in the statement of profit or loss was $1,884,325 (2023: $685,160).
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