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 interest in its principal associates, both of which are unlisted, is as follows as of 31 March 2024:

% Interest held %

Assets $

Liabilities $

Revenues $ 11,286,623 6,157,188

Profit $

Entity

ECHMB

491,170,001 97,766,626

(418,991,286) (80,837,097)

5,079,435 1,907,836

24.80 32.74

ECSE

The Bank’s interest in its principal associates, both of which are unlisted, is as follows as of 31 March 2023:

% Interest held %

Assets $

Liabilities $

Revenues $ 4,944,177 5,297,437

Profit $

Entity

ECHMB

480,827,247 78,207,820

(423,221,520) (62,792,001)

1,735,318

24.80 32.74

ECSE

835,543

The Bank’s interest has been determined on the basis of the unaudited financial statements for these entities, as the timing for receipt of the audited financial statements is after the scheduled date for finalization of the ECCB’s accounts. The 2023 comparatives represent audited financial results for these entities, which were not materially different to the unaudited amounts used in the preparation of the Bank’s financial statements for the year ended 31 March 2023.

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