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)

29. Impairment (reversals/recoveries)/losses on financial assets, net

During the financial year, the following (gains)/losses were recognised in the statement of profit or loss in relation to impaired financial assets 2025 $ 2024 $ Impairment loss on receivables 626,261 3,033,260 Impairment (reversals)/losses on financial assets at amortised cost (106,452) 158,753 Reversal of previous impairment losses on financial assets at FVOCI (73,091) (568,891) Impairment recoveries on receivables (1,948,514) - Reversal of modification loss on financial assets at amortised cost (6,552,558) - Impairment (reversals/recoveries)/losses on financial assets, net (8,054,354) 2,623,122

30. Administrative and general expenses

2025 $

2024 $

18,001,065 5,389,505 3,572,160 2,393,648 2,164,373 2,044,359 1,609,221 1,186,773 934,750 926,740 892,579 826,411 728,778 711,849 640,316 520,994 500,433 184,805 169,437 155,442 140,300 139,806

15,091,652

General supplies and services Derecognition of intangible asset Professional, legal and consulting fees Conference and meetings Training, recruitment and resettlement

-

3,954,021 1,304,374 1,163,234 7,547,767 1,069,611 1,598,079 859,617 1,751,891 853,435 842,537 795,991 605,595 626,047 378,218 555,000 75,000 198,913

Special projects Community outreach Travel expenses Utilities expenses

Other staff expenses and amenities

Telephone expense

Contribution to Eastern Caribbean Securities Regulatory Commission

Insurance expense Service grant Repairs and maintenance Subscriptions and fees

Audit Fees Rental expense

Public education and communication

-

Intervention expense

96,256 122,875 739,486 20,148 226,858

Contribution to ECCB’s staff association

Other expenses

64,164 29,388 17,501

Contribution to affiliate organisations Printing and postage expenses Directors' travel and other expenses

Total administrative and general expenses

43,944,797

40,476,605

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