Eastern Caribbean Central Bank
Consolidated Statement of Income or Loss
For the year ended March 31, 2015
(expressed in Eastern Caribbean dollars)
Notes
2015
$
2014
$
Interest income
25
37,164,958
35,256,303
Interest expense
25
(1,881)
(5,569)
Net interest income
37,163,077
35,250,734
Commission income
–
foreign transactions
8,767,735
9,719,199
Commission income
–
other transactions
2,230,075
2,229,258
Gain (loss) on disposal of available-for-sale securities
8
7,570,215
(140,936)
Other income
26
870,656
4,668,692
Operating income
56,601,758
51,726,947
Salaries, pensions and other staff benefits
27
28,896,972
30,849,274
Currency expenses
9,725,775
8,791,543
Losses on foreign exchange
1,650,912
3,720,937
Amortisation
14
1,433,209
974,986
Depreciation
15
4,459,623
4,489,425
Administrative and general expenses
28
23,801,825
22,100,481
Operating expenses
69,968,316
70,926,646
Operating loss
(13,366,558)
(19,199,699)
Share of profit of associates
13
1,227,633
1,231,878
Net loss for the year
(12,138,925)
(17,967,821)
The notes on pages 9 to 88 are an integral part of these consolidated financial statements.
EASTERN CARIBBEAN CENTRAL BANK
ECCB
ANNUAL REPORT 2014/2015
44
CONSOLIDATED STATEMENT OF INCOME OR LOSS
(expressed in Eastern Caribbean dollars)
For the year ended March 31, 2015
The notes on pages 50 to 129 are an integral part of these consolidated financial statements.
