ECCB 2016/2017 Annual Report

128

ECCB ANNUAL REPORT 2016/2017

(expressed in Eastern Caribbean dollars) Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2017 (expressed in Eastern Caribbean dollars) 8. Available-for-sale investment securities …continued Gains less losses from investment securities comprise:

EASTERN CARIBBEAN CENTRAL BANK NOTES TO THE FINANCIAL STATEMENTS

March 31, 2017

2017 $

2016 $

Net realised gains from disposal of available-for-sale financial assets

3,314,912

827,468

9. Loans and receivables: Participating governments’ securities a) P articipating governments’ securities: Debentures Nominal value 2017 $

Amortised cost 2017 $

Nominal value 2016 $

Amortised cost 2016 $

Government of Antigua and Barbuda 9% Debentures maturing 2018

2,572,736

2,572,736

1,715,157

1,715,157

3.5% Debenture maturing 2027

75,077,485 75,077,485

69,935,882 69,935,882

77,650,221 77,650,221

71,651,039 71,651,039

Interest receivable

-

1,828,990

-

1,683,300

Total participating governments’ securities: Debentures

77,650,221 79,479,211

71,651,039 73,334,339

The Government of Antigua and Barbuda 15 - year 3.5% treasury bond maturing in 2027 arose as a result of the liquidity support extended to Bank of Antigua Limited under emergency powers exercised by the Eastern Caribbean Central Bank on February 20, 2009.