ECCB 2016/2017 Annual Report

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ECCB ANNUAL REPORT 2016/2017

Eastern Caribbean Central Bank Statement of Cash Flows For the year ended March 31, 2017 (expressed in Eastern Caribbean dollars)

EASTERN CARIBBEAN CENTRAL BANK STATEMENT OF CASH FLOWS

(expressed in Eastern Caribbean dollars)

For the year ended March 31, 2017

2017 $

2016 $

Cash flows from operating activities Net profit (loss) for the year

6,321,187 4,918,712 1,531,044 (827,468) (986,035) 125,142 2,616,000 (60,000) (202,500) (56,254,935) 581,671 - - (165,931,448) 10,380,262 14,986,452 3,955,039 106,804 (5,494,616) (2,289,000) (6,624,351) (193,091,807) (581,671) 57,255,020 (136,418,458) (1,810,732) (881,061) 4,115,242,833 (119,668,208) (256,086,666) 1,538,644,069 1,282,557,403 50,206 501,090 (42,237,182) 6,027

(10,014,002)

Adjustments for: Depreciation Amortisation

4,724,840 2,032,661 (3,314,912) (1,077,879) 2,334,000 1,315,109 (11,544) 9,429

Gain on disposal of available-for-sale securities

Share of profit of associates

Effect of changes in market value of money market instruments

Net pension cost during the year Impairment loss on financial assets Gain on dissolution of subsidiary Recovery on impaired receivables Receipt of equity in ECACHSI

- -

Interest income Interest expense

(42,065,214)

161,353

Cash flows used in operations before changes in operating assets and liabilities

(45,906,159)

Changes in operating assets and liabilities Decrease in term deposits Increase in money market instruments

942,801

(189,745,843) 13,994,990 12,006,296 (261,873) 4,249,663 4,629,792 (2,332,000) 462,288,758 (161,398) 42,943,825 505,071,185 (1,531,837) (201,039) 4,722,641,095 (315,038,486) 190,032,699 1,348,611,370 1,538,644,069 501,090 664,715,229 (4,138)

Decrease in loans and receivables - participating governments’ securities Decrease in loans and receivables - participating governments’ advances Decrease (increase) in accounts receivable and prepaid expenses Decrease in financial assets held for trading (Decrease) increase in financial liabilities held for trading (Decrease) increase in demand and deposit liabilities - domestic and foreign Increase (decrease) in IMF government general resource accounts Contributions to pension scheme

Cash (used in) from operations before interest

Interest paid Interest received

Net cash (used in) from operating activities

Cash flows from investing activities

Purchase of property, plant and equipment Purchase of intangible assets Proceeds from disposal of available-for-sale securities Purchase of available-for-sale-foreign investment securities

(4,232,720,338) (5,036,447,795)

Dividends received from associates

Net cash used in investing activities

Net (decrease) increase in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year (note 24)

The notes on pages 11 to 92 are an integral part of these financial statements. he t s ages 75 to 156 are a integral part of these fin ncial statements.

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