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73
ECCB ANNUAL REPORT 2016/2017
EASTERN CARIBBEAN CENTRAL BANK
(expressed in Eastern Caribbean dollars)
For the year ended March 31, 2017
STATEMENT OF CHANGES IN EQUITY...Continued
Eastern Caribbean Central Bank
Statement of Changes in Equity
…continued
For the year ended March 31, 2017
(expressed in Eastern Caribbean dollars)
9
Accumulated
(Deficit)
$
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, 2015
- 114,891,311
6,537,928
82,106,312
17,299,118
1,808,877
10,980,827 20,517,000 254,141,373
Net loss for the year
(10,014,002)
-
-
-
-
-
-
-
(10,014,002)
Actuarial losses on defined benefit
pension plan (note 21)
-
-
-
-
-
-
-
(6,048,000)
(6,048,000)
Net change in fair value of
investment securities and money
market instruments (note 20)
-
-
-
-
4,749,638
-
-
-
4,749,638
Total comprehensive income
(10,014,002)
-
-
-
4,749,638
-
-
(6,048,000) (11,312,364)
Allocation from general reserve
10,012,002 (10,012,002)
-
-
-
-
-
-
-
Adjustment to general reserve
arising from dissolution of
subsidiary
-
(11,544)
-
-
-
-
-
-
(11,544)
Allocation from pension reserve
(note 20)
2,000
-
-
-
-
-
-
(2,000)
-
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
The notes on pages 11 to 92 are an integral part of these financial statements
The notes on pages 75 to 156 are an integral part of these financial statements.