Eastern Caribbean Central Bank
Consolidated Statement of Cash Flows
For the year ended March 31, 2015
(expressed in Eastern Caribbean dollars)
5
2015
$
2014
$
Cash flows from operating activities
Net loss for the year
(12,138,925)
(17,967,821)
Items not affecting cash
Depreciation
4,459,623
4,489,425
Amortisation
1,433,209
974,986
(Gain) loss on disposal of available-for-sale securities
(7,570,215)
140,936
Share of profit of associates
(1,227,633)
(1,231,878)
(Gain) loss on disposal of property, plant and equipment
(1,596)
1,092,357
Effect of changes in market value of money market instruments
(220,115)
348,690
Net pension cost during the year
2,423,000
3,365,000
Conversion of expense to investment in associate
-
(20,000)
Interest income
(37,164,958)
(35,256,303)
Interest expense
1,881
5,569
Cash flows used in operations before changes in operating assets and
liabilities
(50,005,729)
(44,059,039)
Changes in operating assets and liabilities
Decrease in term deposits
503,024
1,010,085
Decrease (increase) in money market instruments
67,437,795
(74,225,088)
Decrease in loans and receivables -
participating governments’
securities
5,653,965
5,485,122
Decrease in loans and advances -
participating governments’
advances
14,019,430
24,600,141
(Increase) decrease in accounts receivable and prepaid expenses
(13,112,366)
7,329,594
(Increase) decrease in financial assets held for trading
(3,107,424)
3,266,744
(Decrease) increase in financial liabilities held for trading
(2,641,716)
1,929,713
Contribution to pension scheme
(2,319,000)
(2,391,000)
Increase in demand and deposit liabilities - domestic and foreign
427,779,181
212,761,016
Increase (decrease) in IMF government general resource accounts
2,043
(2,093)
Decrease in other liabilities and payables
-
(2,584,867)
Cash from operations before interest
444,209,203
133,120,328
Interest paid
(1,916)
(5,582)
Interest received
34,879,515
36,866,737
Net cash from operating activities
479,086,802
169,981,483
Cash flows from investing activities
Purchase of property, plant and equipment
(732,122)
(3,167,882)
Purchase of intangible assets
(2,351,502)
(1,763,224)
Proceeds from disposal of property, plant and equipment
16,000
4,500
Proceeds from disposal of available-for-sale securities
4,071,884,951
4,512,036,647
Purchase of available-for-sale - foreign investment securities
(4,294,537,603)
(4,826,763,581)
Dividends received from associates
668,120
668,120
Net cash used in investing activities
(225,052,156)
(318,985,420)
EASTERN CARIBBEAN CENTRAL BANK
ECCB
ANNUAL REPORT 2014/2015
46
CONSOLIDATED STATEMENT OF CASH FLOWS
(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.
