Eastern Caribbean Central Bank
Notes to Consolidated Financial Statements
March 31, 2015
(expressed in Eastern Caribbean dollars)
68
13. Investments in associated undertakings using the equity method
…
continued
2015
$
2014
$
OECS Distribution and Transportation Company (ODTC)
Balance at beginning of year
20,010
10
Purchase during the year
–
20,000
Balance at end of year
20,010
20,010
Total investments in associated undertakings
15,471,257
14,911,744
Non-current
15,471,257
14,911,744
The total share of profit of associates recognised in the consolidated statement of loss was $1,227,633
(2014: $1,231,878).
The Bank’s interest in its principal associates, both of which are unlisted, is as follows as of March 31,
2015:
Entity
Assets
$
Liabilities
$
Revenues
$
Profit
$
% Interest
held
%
ECHMB
258,936,355 (201,310,782)
15,462,213
3,459,812
24.8
ECSE
31,118,446
(25,234,355)
3,646,126
1,224,259
30.8
The Bank’s interest in its principal associates, both of which are unlisted, is as follows as of March 31,
2014:
Entity
Assets
$
Liabilities
$
Revenues
$
Profit
$
% Interest
held
%
ECHMB
328,711,678 (271,858,464)
20,690,064
4,361,985
24.8
ECSE
26,948,440
(22,566,873)
2,908,324
487,356
30.8
The Bank’s interest has been determined on the basis of the financial statements for these entities for the
years ended March 31, 2015 (unaudited) and 2014 (unaudited).
Eastern Caribbea Central Bank
Notes to Consolidated Financial Statements
March 31, 2015
(expressed in Eastern Caribbean dollars)
68
13. Investments in associated undertakings using the equity method
…
continued
2015
$
2014
$
OECS Distribution and Transportation Company (ODTC)
Balance at beginning of year
20,010
10
Purchase during the year
–
20,000
Balance at end of year
20,010
20,010
Total investments in associated undertakings
15,471,257
14,911,744
Non-current
15,471,257
14,911,744
The total share of profit of associates recognised in the consolidated statement of loss was $1,227,633
(2014: $1,231,878).
The Bank’s interest in its principal associates, both of which are unlisted, is as follows as of March 31,
2015:
ntity
Assets
$
Liabilities
$
Revenues
$
Profit
$
% Interest
held
%
E HMB
258,936,355 (201,310,782)
15,462,213
3,459,812
24.
ECSE
31,118,446
(25,234,355)
3,646,126
1,224,259
30.8
The Bank’s interest in its principal associates, both of which are unlisted, is as follows as of March 31,
2014:
Entity
Assets
$
Liabilities
$
Revenues
$
Profit
$
% Interest
held
%
E HMB
3 8,711,678 (271,858,464
20,690,06
4,361,985
24.
ECSE
26,948,440
(22,566,873)
2,908,324
487,356
30.8
The Bank’s interest has been determined on the basis of the financial statements for these entities for the
years ended March 31, 2015 (unaudited) and 2014 (unaudited).
E stern Caribbean Central Bank
Notes to Consolidated Financial Statements
March 31, 2015
(express d in Ea tern Caribbean dolla s)
68
13. Investments in associated undertakings using the equity method
…
continued
2015
$
2014
$
OECS Distribution and Transportation Company (ODTC)
Balance at beginning of year
20,010
1
Purchase during the year
–
20,000
Balance at end of year
20,010
20,010
Total investments in associated undertakings
15,471,257
14,911,744
Non-current
15,471,257
14,911,744
The total share of profit of associates recognised in the consolidated statement of loss was $1,227,633
(2014: $1,231,878).
The Bank’s interest in its principal associates, both of which are unlisted, is as follows as of March 31,
2015:
Entity
Assets
$
Liabilities
$
Revenues
$
Profit
$
% Interest
held
%
ECHMB
258,936,355 (201,310,782)
15,462,213
3,459,812
24.8
ECSE
31,118,446
(25,234,355)
3,646,126
1,224,259
30.8
The Bank’s interest in its principal associates, both of which are unlisted, is as follows as of March 31,
2014:
ntity
Assets
$
Liabilities
$
Revenues
$
Profit
$
% Inter st
held
%
ECHMB
328,711,678 (271,858,464)
20,690,064
4,361,985
24.8
ECSE
26,948,440
(22,566,873)
2,908,324
487,356
30.8
The Ba k’s inte est has been determined o the basis of the financial statements for these entities for the
years ended March 31, 2015 (unaudited) and 2014 (unaudited).
ECCB
ANNUAL REPORT 2014/2015
109
EASTERN CARIBBEAN CENTRAL BANK
13.
t
ts i
i t
t i s i t
i
ti
The total share of profit of associates recognised in the consolidated state ent of loss was $1,227,633
(2014: $1,231,878).
The Bank’s interest in its principal associates, both of which are unlisted, is as follows as of March 31,
2015:
T
’s i t r st i its principal associates, both of which are unlisted, is as follows as of March 31,
2014:
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(expressed in Eastern Caribbean dollars)
March 31, 2015
T
t s
t mined the i f t e fi a i l t t
t t
titi f r t
years ended March 31, 2015 (unaudited) and 2014 (unaudited).
