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ECCB ANNUAL REPORT 2016/2017
EASTERN CARIBBEAN CENTRAL BANK
NOTES TO THE FINANCIAL STATEMENTS
(expressed in Eastern Caribbean dollars)
March 31, 2017
Eastern Caribbean Central Bank
Notes to the Financial Statements
March 31, 2017
(expressed in Eastern Caribbean dollars)
63
8. Available-for-sale investment securities
2017
$
2016
$
Domestic securities
Equity securities
Caribbean Information and Credit Rating Agency Services Ltd.
156,180 (2016: 156,180) ordinary shares of $2.70 each - unquoted,
at cost
421,686
421,686
Eastern Caribbean Automated Clearing House Services Inc. 20,500
(2016: Nil ) ordinary shares of $10.00 each - unquoted, at cost
202,500
-
624,186
421,686
Foreign securities
Debt securities
- quoted, at fair value
2,928,601,754
2,849,762,722
Interest receivable
10,910,105
13,016,115
Total foreign securities
2,939,511,859
2,862,778,837
Total investment securities
2,940,136,045
2,863,200,523
Current
755,310,775
673,118,371
Non-current
2,184,825,270
2,190,082,152
2,940,136,045
2,863,200,523
The movement in investment securities may be summarised as follows:
Domestic
Securities
$
Foreign
Investment
Securities
$
Balance as of March 31, 2015
421,686 2,527,900,901
Additions
- 5,036,447,795
Disposals (sale and redemption)
- (4,719,326,183)
Net gain transfer to equity
-
8,055,121
Net gain transfer from equity
-
(3,314,912)
Balance as of March 31, 2016
421,686 2,849,762,722
Additions
202,500 4,232,720,338
Disposals (sale and redemption)
- (4,114,415,365)
Net loss transfer to equity
-
(38,638,473)
Net gain transfer from equity
-
(827,468)
Balance as of March 31, 2017
624,186 2,928,601,754
The Bank transferred gains of $827,468 (2016: gains of $3,314,912) from equity into the statement of
profit or loss.
Eastern Caribbean Central Bank
Notes to the Financial Statements
March 31, 2017
(expressed in Eastern Caribbean dollars)
63
8. Available-for-sale investment securities
2017
$
2016
$
Domestic securities
Equity securities
Caribbean Information and Credit Rating Agency Services Ltd.
156,180 (2016: 156,180) ordinary shares of $2.70 each - unquoted,
at cost
421,686
421,686
Eastern Caribbean Automated Clearing House Services Inc. 20,500
(2016: Nil ) ordinary shares of $10.00 each - unquoted, at cost
202,500
-
624,186
421,686
Foreign securities
Debt securities
- quoted, at fair value
2,928,601,754
2,849,762,722
Interest receivable
10,910,105
13,016,115
Total foreign securities
2,939,511,859
2,862,778,837
Total investment securities
2,940,136,045
2,863,200,523
Current
755,310,775
673,118,371
Non-current
2,184,825,2 0
2,190,082,152
2,940,136,045
2,863,200,523
The movement in investment securities may be summarised as follows:
Domestic
Securities
$
Foreign
Investm nt
Securiti s
$
Balance as of March 31, 2015
421,686 2,527,900,901
Additions
- 5,036,447,7 5
Disposals (sale and redemption)
- (4,719,326,183)
Net gain transf r to equity
-
8,055, 21
et gain transfer fr m equity
-
(3,314,912)
Balance as of March 31, 2016
421,686 2,849,762,722
Additions
20 ,500 4,232,720,338
Disposals (sale and redemption)
- (4,114,415,365)
Net loss transf r to equity
-
(38,638,473)
et gain tr sf r from equity
-
(827,468)
Balance as of March 31, 2017
624,186 2,928,601,754
The Bank transferred gains of $827,468 (2016: gains of $3,314,912) from equity into the statement of
profit or loss.