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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