ECCB 2015/2016 Annual Report

Eastern Caribbean Central Bank Notes to Financial Statements March 31, 2016 (expressed in Eastern Caribbean dollars) Eastern Caribbean Central Bank Notes to Financial Statements March 31, 2016 (expressed in Eastern Caribbean dollars) Eastern Caribbean Central Bank Notes to Financial Statements March 31, 2016 (expressed in Eastern Caribbean dollars) (express d in Eastern Caribbean dollars)

EASTERN CARIBBEAN CENTRAL BANK

NOTES TO FINANCIAL STATEMENTS

March 31, 2016

23. Contingencies and commitments ...continued Leasehold obligation – operating leases ...continued Minimum lease payments subsequent to 2016 and in aggregate are as follows: 2016 $ 23. Contingencies and commitments ...continued Leasehold obligation – operating leases ...continued Minimum lease payments subsequent to 2016 and in aggregate are as follows: 2016 $ 2016 - 23. Contingencies and commitments ...continued Leasehold obligation – operating leases ...continued Minimum lease payments subsequent to 2016 and in aggregate are as follows: 2016 $ Contingencies and co itments ... continued Leasehold obligation – operating leases ... continued i i lease ts s s que t t i r t are as follo s:

23.

2015 $ 2015 $ 662,887 491,245 290,020 2015 $ 662,887 491,245 290,020 60,000 662,887 491,245 290,020 60,000 60,00 - 950,000 - 950,000 - 950,000 2,454,152 2,454,152 2,454,152

2016 2017 2018 2019 2020 2017 2018 2019 2020 2016 2017 2018 2019 2020

-

- 668,365 391,540 150,720 150,720 890,000 668,365 391,540 150,720 150,720 890,000 2,251,345 668,365 391,540 150,720 150,720 890,000 2,251,345 2,251,345

Thereafter Thereafter Thereafter

Total minimum lease payments otal minimum lease payments Total minimum lease payments

24. Cash and cash equivalents 24. Cash and cash equivalents 24. Cash and cash equivalents i l

24.

2016 $ 2016 $ 2016 $

2015 $ 2015 $ 2015 $

1,479,332,070 51,120,655 4,926,288 3,187,985 1,479,332,070 51,120,655 4,926,288 3,187,985 77,071 1,479,332,070 51,120,655 4,926,288 3,187,985 77,071 77,071 1,538,644,069 1,538,644,069 1,538,644,069 - - -

Money market instruments and money at call (note 5) Money market instruments and money at call (note 5) Regional and foreign currencies Balances with other central banks (note 4) Money market instruments and money at call (note 5) Regional and foreign currencies Balances with other central banks (note 4) Regional and foreign currencies Balances with other central banks (note 4) alances with local banks Balances with foreign banks (note 4) Balances with local banks Balances with foreign banks (note 4) Balances with local banks Balances with foreign banks (note 4) Due from local banks Total cash and cash equivalents Due from local banks Total cash and cash equivalents Due from local banks Total cash and cash equivalents

1,290,002,066 33,464,613 13,034,602 2,464,446 1,290,002,066 33,464,613 13,034,602 2,464,446 73,225 9,572,418 1,348,611,370 1,290,002,066 33,464,613 13,034,602 2,464,446 73,225 9,572,418 1,348,611,370 73,225 9,572,418 1,348,611,370

25. Net interest income 25. Net interest income 25. Net interest income et i terest i c e

25.

2016 $ 2016 $ 2016 $

2015 $ 2015 $ 2015 $

Interest income Available-for-sale: foreign investment securities Money market instruments and money at call Loans and receivables: participating governments’ securities Interest income Available-for-sale: foreign investment securities Money market instruments a d money at call Loans and receivables: participating governments’ securities Other interest income Interest income Available-for-sale: foreign investment securities Money market instruments and money at call Loans and receivables: participating governments’ securities Other interest income

31,565,253 2,423,617 3,727,472 4,348,872 42,065,214 31,565,253 2,423,617 3,727,472 4,348,872 42,065,214 31,565,253 2,423,617 3,727,472 4,348,872 42,065,214 161,353 161,353 161,353 161,353 41,903,861 161,353 161,353 41,903,861 41,903,861 2016 $ 2016 $ 2016 $

25,765,384 1,005,602 3,820,393 6,573,579 37,164,958 25,765,384 1,005,602 3,820,393 6,573,579 37,164,958 25,765,384 1,005,602 3,820,393 6,573,579 37,164,958

Other interest income

2015 $ 1,881 1,881 2015 $ 1,881 1,881 2015 $ 1,881 1,881

Interest expense Demand liabilities: domestic Interest expense Demand liabilities: domestic Interest expense Demand liabilities: domestic

Net interest income Net interest income Net interest income

37,163,077 37,163,077 37,163,077

87 87

123

87

123

ECCB A nnual R eport 2015/2016