Eastern Caribbean Central Bank
Notes to Consolidated Financial Statements
March 31, 2015
(expressed in Eastern Caribbean dollars)
15. Property, plant and equipment
…
continued
The following is the historical cost carrying amount of land and buildings carried at revalued amounts as
of March 31, 2015:
Land
$
Buildings
$
Total
$
Cost
7,544,960
73,457,178
81,002,138
Accumulated depreciation
–
(34,187,787)
(34,187,787)
Net book value
7,544,960
39,269,391
46,814,351
The following is the historical cost carrying amount of land and buildings carried at revalued amounts as
of March 31, 2014:
Land
$
Buildings
$
Total
$
Cost
7,544,960
73,457,178
81,002,138
Accumulated depreciation
–
(31,353,589)
(31,353,589)
Net book value
7,544,960
42,103,589
49,648,549
The land and buildings were revalued by independent valuators, DLG Consultants Limited in March of
2015. Valuations are based on the market value. The revaluation of the land and buildings categories as
of March 31, 2015 resulted in a revaluation surplus of $11,598,841 which was credited to revaluation
reserves.
ECCB
ANNUAL REPORT 2014/2015
113
EASTERN CARIBBEAN CENTRAL BANK
15.
Property, plant and equipment
continued
f ll i is t ist ri l st rr i
t f l
il i s rri t re al
ts s
,
:
The land and buildings were revalued by independent valuators, DLG Consultants Limited in March of
2015. Valuations are based on the market value. The revaluation of the la d and buildings categories as
of March 31, 2015 resulted in a revaluation surplus of $11,598,841 which was credited to revaluation
reserves.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(expressed in Eastern Caribbean dollars)
March 31, 2015
