Eastern Caribbean Central Bank 2024-2025 Annual Report

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2025 (Expressed in Eastern Caribbean dollars)

16. Leases (continued) (a) Amounts recognised in the statement of financial position (continued) (ii) Lease liabilities (continued)

Buildings $ 2,918,573 712,737 171,764 (1,081,975)

At 1 April 2023

Effect of modification of lease

Interest expense Lease payments

Balance at 31 March 2024

2,721,099

2025 $

2024 $

Maturity analysis of contractual undiscounted cash flows of lease liabilities Less than one year

946,096 2,220,937 1,034,453

1,005,564 2,146,837

One to five years More than five years

71,169

4,201,486

3,223,570

946,096 3,255,390

Current

1,005,564 2,218,006

Non-current

4,201,486

3,223,570

(b) Amounts recognised in profit or loss The following amounts are recognised in profit or loss:

2025 $

2024 $

948,078 189,127 184,805

Depreciation charge on right-of-use assets Interest expense on lease liabilities Expenses relating to short-term leases

955,150 171,764 75,000

1,322,010

1,201,914

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