ECCB 2014-2015 Annual Report and Statement of Accounts

EASTERN CARIBBEAN CENTRAL BANK

Eastern Caribbean Central Bank Consolidated Statement of Income or Loss For the year ended March 31, 2015

(expressed in Eastern Caribbean dollars) CONSOLIDATED STATEMENT OF INCOME OR LOSS (expressed in Eastern Caribbean dollars) For the year ended March 31, 2015

Notes

2015 $

2014 $

37,164,958

Interest income

25

35,256,303

(1,881)

Interest expense

25

(5,569)

Net interest income

37,163,077 8,767,735 2,230,075

35,250,734

Commission income – foreign transactions

9,719,199

Commission income – other transactions

2,229,258

7,570,215

Gain (loss) on disposal of available-for-sale securities

8

(140,936)

870,656

Other income

26

4,668,692

Operating income

56,601,758

51,726,947

28,896,972 9,725,775 1,650,912 1,433,209 4,459,623 23,801,825

Salaries, pensions and other staff benefits

27

30,849,274 8,791,543 3,720,937 974,986 4,489,425 22,100,481

Currency expenses Losses on foreign exchange

Amortisation Depreciation

14 15 28

Administrative and general expenses

Operating expenses

69,968,316

70,926,646

Operating loss

(13,366,558)

(19,199,699)

1,227,633

Share of profit of associates

13

1,231,878

Net loss for the year

(12,138,925)

(17,967,821)

The notes on pages 50 to 129 are an integral part of these consolidated financial statements.

The notes on pages 9 to 88 are an integral part of these consolidated financial statements. ECCB ANNUAL REPORT 2014/2015 44