Eastern Caribbean Central Bank
Notes to Consolidated Financial Statements
March 31, 2015
(expressed in Eastern Caribbean dollars)
64
9. Loans and receivables: P
articipating governments’
securities
...continued
The movement in loans and receivables: participating governments’ securities may be summarized as follows:
Debentures
$
Treasury Bills
$
Total
$
Balance as of March 31, 2013
98,354,618
8,810,760
107,165,378
Additions
-
-
-
Payment of principal
(5,485,122)
-
(5,485,122)
Redemption
-
-
-
Balance as of March 31, 2014
92,869,496
8,810,760
101,680,256
Payment of principal
(5,653,965)
-
(5,653,965)
Balance as of March 31, 2015
87,215,531
8,810,760
96,026,291
10. Loans and receivables: P
articipating governments’ advances
2015
$
2014
$
Operating accounts:
- Government of Grenada
12,636,232
12,356,778
- Government of Anguilla
12,307,280
9,794,937
- Government of Saint Lucia
11,114,513
29,290,281
- Government of St. Vincent & the Grenadines
10,476,949
9,335,235
- Government of Dominica
107,144
–
- Government of Montserrat
18,053
–
46,660,171
60,777,231
Temporary advances:
- Government of St. Vincent and the Grenadines
12,402,440
11,057,160
- Government of Grenada
5,053,943
3,023,729
- Government of Antigua and Barbuda
2,978,302
6,500,000
- Government of Dominica
360,348
–
20,795,033
20,580,889
Interest receivable
35,523
152,037
Total temporary advances
20,830,556
20,732,926
Total due from participating governments
’ advances
67,490,727
81,510,157
Current
67,490,727
81,510,157
Amounts due from participating governments for temporary advances and operating account overdraft balances
are unsecured and usually accrue interest at 6.50% per annum.
Eastern Caribbean Central Bank
Notes to Consolidated Financial Statements
March 31, 2015
(expressed in Eastern Caribbean dollars)
64
9. Loans and receivables: P
articipating governments’
securities
...continued
The movement in loans and receivables: participating governments’ securities may be summarized as follows:
Debentures
$
Treasury Bills
$
Total
$
Balance as of March 31, 2013
98,354,618
8,810,760
107,165,378
Additions
-
-
-
Payment of principal
(5,485,122)
-
(5,485,122)
Redemption
-
-
-
Balance as of March 31, 2014
92,869,496
8,810,760
101,680,256
Payment of principal
(5,653,965)
-
(5,653,965)
Balance as of March 31, 2015
87,215,531
8,810,760
96,026,291
10. Loans and receivables: P
articipating governments’ advances
2015
$
2014
$
Operating accounts:
- Government of Grenada
12,636,232
12,356,778
- overn ent of Anguilla
12,307,280
9,794,937
- overn e t f Saint Lucia
11,114,513
29,290,281
- overn e t f t. Vincent & the Grenadines
10,476,949
9,335,235
-
r
t Domi i a
107,1 4
–
-
er e t f M ntserrat
18,053
–
46,660,171
60,777,231
Temporary advances:
- Government of St. Vincent and the Grenadines
12,402,440
11,057,160
-
r
t f Grenada
5,053,9 3
3,023,729
-
r
t Antigua and Barbuda
2,978,302
6,500,000
Dominic
360, 48
–
20,795,033
20,580,889
Interest receivable
35,523
152,037
Total temporary advances
20,830,556
20,732,926
otal due from participating governments
’ advances
67,490,727
81,510,157
Current
67,490,727
81,510,157
Amounts due from participating governments for temporary advances and operating account overdraft balances
are unsecured and usually accrue int est at 6.50% per annum.
ECCB
ANNUAL REPORT 2014/2015
105
EASTERN CARIBBEAN CENTRAL BANK
9.
Loans and receivables: Participating governments’ securities
...continued
The movement in loans and receivables: participating governments’ securities may be summarized as
follows:
10.
Loans and receivables: Participating governments’ advances
ounts due from participating governments for temporary adv ces and operating account overdraft
balances are unsecured and usually accrue interest at 6.50% per annum.
OTES TO CONSOLIDATED FINANCIAL STATEMENTS
(express d in Eastern Carib ean dol ars)
March 31, 2015
