ECCB 2015/2016 Annual Report

EASTERN CARIBBEAN CENTRAL BANK

Eastern Caribbean Central Bank Notes to Financial Statements March 31, 2016 (expressed in Eastern Caribbean dollars) 15. Property, plant and equipment … continued The following is the historical cost carrying amount of land and buildings carried at revalued amounts as of March 31, 2016: Land $ Buildings $ Total $ Cost 7,544,960 73,470,569 81,015,529 Accumulated depreciation – (37,382,687) (37,382,687) Net book value 7,544,960 36,087,882 43,632,842 The following is the historical cost carrying amount of land and buildings carried at revalued amounts as of March 31, 2015: Land $ Buildings $ Total $ Cost 7,544,960 73,457,178 81,002,138 Accumulated depreciation – (34,187,787) (34,187,787) Net book value 7,544,960 39,269,391 46,814,351 The land and buildings were revalued by independent valuators, DLG Consultants Limited in March of 2015. Valuations are based on the market value. The revaluation of the land and buildings categories as of March 31, 2015 resulted in a revaluation surplus of $11,598,841 which was credited to revaluation reserves. t t i i l t t , 6 ( r i t i . , l ll g dings carr t l d ounts as , 2 t l , , , , , , The follo ing is the historical cost ar d nd buildings carried at r lued a ounts as of l , , , , ) , , , l il i , D G onsult t Li it i arch of . V l ti . ion of the land and buildings categories as f r , 201 esult i eva u p u o $11, 98, i r it t r l ti r r . March 31, 2016 NOTES TO FINANCIAL STATEMENTS Property, plant and equipment … continued The following is the historical cost carrying amount of land and buildings carried at revalued amounts as of arch 31, 2016: The land and buildings were revalued by independent valuators, L onsultants Li ited in arch of 2015. aluations are based on the arket value. he revaluation of the land and buildings categories as of arch 31, 5 r s lted in a r luation s r l s f , , i r it t r l ti reserves. The follo ing is the historical cost carrying a ount of land and buildings carried at revalued a ounts as of arch 31, 2015:

(expressed in Eastern Caribbean dollars)

15.

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ECCB A nnual R eport 2015/2016