ECCB 2015/2016 Annual Report

Eastern Caribbean Central Bank Statement of Income or Loss For the year ended March 31, 2016 (expressed in Eastern Caribbean dollars) (expressed in Eastern Caribbean dollars)

EASTERN CARIBBEAN CENTRAL BANK

STATEMENT OF INCOME OR LOSS

For the year ended March 31, 2016

Notes

2016 $

2015 $

42,065,214

Interest income Interest expense

25 25

37,164,958

(161,353)

(1,881)

Net interest income

41,903,861 9,934,071 2,443,674 3,314,912 4,440,874 62,037,392 28,652,765 10,746,467 1,060,461 2,032,661 4,724,840 25,912,079 73,129,273 (11,091,881)

37,163,077 8,767,735 2,230,075 7,570,215

Commission income – foreign transactions

Commission income – other transactions

Gain on disposal of available-for-sale securities

8

Other income

26

870,656

Operating income

56,601,758

Salaries, pensions and other staff benefits

27

28,896,972 9,725,775 1,650,912 1,433,209 4,459,623 23,801,825

Currency expenses Losses on foreign exchange

Amortisation Depreciation

14 15 28

Administrative and general expenses

Operating expenses

69,968,316

Operating loss

(13,366,558)

1,077,879

Share of profit of associates

13

1,227,633

Net loss for the year

(10,014,002)

(12,138,925)

The notes on pages 45 to 125 are an integral part of these financial statements.

The notes on pages 9 to 89 are an integral part of these financial statements.

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ECCB A nnual R eport 2015/2016