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)

29. Salaries, pensions and other staff benefits

2024 $

2023 $

36,896,360 3,536,000 1,224,472 400,436 24,843 42,082,111

35,658,612 1,701,000 1,228,644 403,934

Salaries, wages and other benefits

Pension (note 22) Social security Vacation leave

32,678

Prepaid employee benefit

Total salaries, pensions and other staff benefits

39,024,868

30. Net impairment losses on financial assets

During the financial year, the following losses (gains) were recognised in the statement of profit or loss in relation to impaired financial assets 2024 $ 2023 $ Impairment loss on financial assets at FVOCI - 40,276 Impairment loss on financial assets at amortised cost 158,753 12,437 Impairment loss on receivables 3,033,260 1,412,497 Reversal of previous impairment losses on financial assets (568,891) (270,337) Net impairment losses on financial assets 2,623,122 1,194,873

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