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72
ECCB ANNUAL REPORT 2016/2017
EASTERN CARIBBEAN CENTRAL BANK
STATEMENT OF CHANGES IN EQUITY
Eastern Caribbean Central Bank
Statement of Changes in Equity
For the year ended March 31, 2017
(expressed in Eastern Caribbean dollars)
8
Accumulated
Surplus
$
General
Reserve
$
Capital
Reserve
$
Revaluation
Reserve:
Properties
$
Revaluation
Reserve:
Available-
-for-Sale
Securities
$
Export
Credit
Guarantee
Fund
$
Self-
Insurance
Reserve Fund
$
Pension
Reserve
$
Total
$
Balance, March 31, 2016
- 104,867,765
6,537,928
82,106,312
22,048,756
1,808,877
10,980,827 14,467,000 242,817,465
Net profit for the year
6,321,187
-
-
-
-
-
-
-
6,321,187
Actuarial gains on defined benefit
pension plan (note 21)
-
-
-
-
-
-
-
12,370,000 12,370,000
Net change in fair value of
investment securities and money
market instruments (note 20)
-
-
-
-
(39,340,799)
-
-
- (39,340,799)
Total comprehensive income
6,321,187
-
-
-
(39,340,799)
-
-
12,370,000 (20,649,612)
Allocation to general reserve
(6,238,544)
6,238,544
-
-
-
-
-
-
-
Allocation from pension reserve
(note 20)
327,000
-
-
-
-
-
-
(327,000)
-
Allocation to self- insurance
reserve fund (note 20)
(409,643)
-
-
-
-
-
409,643
-
-
Balance, March 31, 2017
-
111,106,309
6,537,928
82,106,312 (17,292,043)
1,808,877
11,390,470
26,510,000 222,167,853
The notes on pages 11 to 92 are an integral part of these financial statements.
(expressed n Eastern Caribbean dollars)
For the year ended March 31, 2017
The notes on pages 75 to 156 are an integral part of these financial statements.