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)

21. Other Reserves (continued) Revaluation reserve This reserve represents the carrying amount arising on revaluation of land and buildings recognised in other comprehensive income. Investment revaluation reserve The investment revaluation reserve represents the net unrealised fair value gains/(losses) on the revaluation of the Bank’s financial assets classified and measured at FVOCI and expected credit losses thereon. The movements of the investment revaluation reserve as a result of changes in the fair values are as follows: Investment securities $ Money market instruments $ Total $

Balance at 31 March 2022 Revaluation of investments

(114,069,008) (47,849,012) 35,247,720 (186,783)

(1,015,394) (115,084,402)

480,871

(47,368,141)

Revaluation transfer to profit or loss on disposal of foreign securities Impairment of investment securities at FVOCI

- -

35,247,720 (186,783)

(126,857,083)

(534,523) (127,391,606)

Balance at 31 March 2023 Revaluation of investments

66,360,438

534,523

66,894,961

Revaluation transfer to profit or loss on disposal of foreign securities Impairment of investment securities at FVOCI

115

- - - - -

115

(560,043)

(560,043)

(61,056,573)

(61,056,573)

Share of associates fair value losses on investments at FVOCI

(15,342,573) (76,399,146)

(15,342,573) (76,399,146)

Balance at 31 March 2024

108