ECCB 2025-2026 Annual Report

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2026 (Expressed in Eastern Caribbean dollars)

16. Leases The Bank leases properties mainly for its Agency Offices operations with lease terms ranging from 1 to 10 years. The leases include an option to renew for the same or shorter duration after the end of the contract term, which the Bank is expected to exercise. The Bank has elected not to recognise right-of-use assets and lease liabilities for leases of low-value assets and leases for which the lease term ends within 12 months. Information about leases for which the Bank is a lessee is presented below: (a) Amounts recognised in the statement of financial position: (i) Right-of-use asset The carrying amounts of right-of-use assets recognised and movements during the year are as follows: Buildings At 1 April 2025 $ 3,251,058 Effect of modification of lease 1,138,563 Depreciation (856,961) Balance at 31 March 2026 3,532,660

Buildings $ 2,460,990 1,738,146

At 1 April 2024

Effect of modification of lease

Depreciation

(948,078)

Balance at 31 March 2025

3,251,058

(ii) Lease liabilities The carrying amounts of lease liabilities and movements during the year are as follows:

Buildings $ 3,549,841 1,109,228 222,575

At 1 April 2025

Effect of modification of lease

Interest expense Lease payments

(997,109)

3,884,535

Balance at 31 March 2026

100