ECCB 2016/2017 Annual Report

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ECCB ANNUAL REPORT 2016/2017 Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2017 (expressed in Eastern Caribbean dollars) 23. Contingencies and commitments ...continued Leasehold obligation – operating leases ...continued Leasehold obligation – operating leases (expressed in Eastern Caribbean dollars) Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2017 (expressed in Eastern Caribbean dollars) 23. Contingencies and commitments ...continued Leasehold obligation – operating leases ...continued Leasehold obligation – operating leases

EASTERN CARIBBEAN CENTRAL BANK NOTES TO THE FINANCIAL STATEMENTS

March 31, 2017

All agency offices operate out of leased premises with lease terms ranging from 2 to 33 1/3 years. Lease rentals payable on operating leases are expensed on a straight line basis over the term of the leases. Minimum lease payments subsequent to 2017 and in aggregate are as follows: 2017 $ 2016 $ 2017 - 668,365 2018 907,270 391,540 2019 625,950 150,720 2020 592,650 150,720 2021 472,230 - Thereafter 830,000 890,000 Total minimum lease payments 3,428,100 2,251,345 All agency offices operate out of leased premises with lease terms ranging from 2 to 33 1/3 years. Lease rentals payable on operating leases are expensed on a straight line basis over the term of the leases. Minimum lease payments subsequent to 2017 and in aggregate are as follows: 2017 $ 2016 $ 2017 - 668,365 2018 907,270 391,540 2019 625,950 150,720 2020 592,650 150,720 2021 472,230 - Thereafter 830,000 890,000 Total minimum lease payments 3,428,100 2,251,345

24. Cash and cash equivalents 24. Cash and cash equivalents

2017 $ 2017 $

2016 $ 2016 $

1,191,362,902 56,446,538 21,000,000 11,856,639 1,838,469 1,191,362,902 56,446,538 21,000,000 11,856,639 1,838,469 52,855 1,282,557,403 52,855 1,282,557,403

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

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

Balances with local banks Balances with foreign banks (note 4) Total cash and cash equivalents Total cash and cash equivalents

25. Net interest income 25. Net interest income

2017 $ 2017 $

2016 $ 2016 $

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 and money at call Loans and receivables: participating governments’ securities Other interest income

37,373,890 11,777,722 2,842,041 4,261,282 56,254,935 37,373,890 11,777,722 2,842,041 4,261,282 56,254,935

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

Other interest income

90