Eastern Caribbean Central Bank
Notes to Consolidated Financial Statements
March 31, 2015
(expressed in Eastern Caribbean dollars)
65
11. Accounts receivable and prepaid expenses
2015
$
2014
$
Prepaid expenses
26,701,922
13,942,988
Accounts receivable
5,968,211
5,182,846
Staff mortgage loans
1,095,312
1,527,245
Total accounts receivable and prepaid expenses
33,765,445
20,653,079
Current
11,618,713
12,754,629
Non-current
22,146,732
7,898,450
33,765,445
20,653,079
Staff mortgage loans accrue interest at a rate of 4% per annum and are secured by real estate property
with variable repayment terms. As the loans are granted at a preferential interest rate, this has given rise
to a short term employee benefit asset in the amount of $328,414 (2014: $471,935) at the statement of
financial position date. This amount is included in prepaid expenses.
EASTERN CARIBBEAN CENTRAL BANK
ECCB
ANNUAL REPORT 2014/2015
106
11.
Staff mortgage loans accrue interest at a rate of 4% per annum and are secured by real estate property
with variable repayment terms. As the loans are granted at a preferential interest rate, this has given rise
to a short term employee benefit asset in the amount of $328,414 (2014: $471,935) at the statement of
financial position date. This amount is included in prepaid expenses.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(express d in Eastern Caribbean dollars)
March 31, 2015
