ECCB 2014-2015 Annual Report and Statement of Accounts

EASTERN CARIBBEAN CENTRAL BANK

Eastern Caribbean Central Bank Consolidated Statement of Cash Flows For the year ended March 31, 2015

CONSOLIDATED STATEMENT OF CASH FLOWS

(expressed in Eastern Caribbean dollars) (expressed in Eastern Caribbean dollars)

For the year ended March 31, 2015

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 1,433,209 (7,570,215) (1,227,633) (1,596) (220,115) 2,423,000

4,489,425 974,986 140,936 (1,231,878) 1,092,357 348,690 3,365,000 (20,000)

Amortisation

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

Share of profit of associates

(Gain) loss on disposal of property, plant and equipment Effect of changes in market value of money market instruments Net pension cost during the year Conversion of expense to investment in associate

-

(37,164,958)

Interest income Interest expense

(35,256,303)

1,881

5,569

Cash flows used in operations before changes in operating assets and liabilities Changes in operating assets and liabilities Decrease in term deposits Decrease (increase) in money market instruments Decrease in loans and receivables - participating governments’ securities Decrease in loans and advances - participating governments’ advances (Increase) decrease in accounts receivable and prepaid expenses (Increase) decrease in financial assets held for trading (Decrease) increase in financial liabilities held for trading

(50,005,729)

(44,059,039)

503,024 67,437,795

1,010,085 (74,225,088)

5,653,965

5,485,122

14,019,430 (13,112,366) (3,107,424) (2,641,716) (2,319,000) 427,779,181

24,600,141 7,329,594 3,266,744 1,929,713 (2,391,000) 212,761,016

Contribution to pension scheme

Increase in demand and deposit liabilities - domestic and foreign 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

(1,916)

Interest paid Interest received

(5,582)

34,879,515

36,866,737

Net cash from operating activities

479,086,802

169,981,483

Cash flows from investing activities

(732,122) (2,351,502)

Purchase of property, plant and equipment Purchase of intangible assets Proceeds from disposal of property, plant and equipment Proceeds from disposal of available-for-sale securities Purchase of available-for-sale - foreign investment securities

(3,167,882) (1,763,224)

16,000

4,500

4,071,884,951 (4,294,537,603)

4,512,036,647 (4,826,763,581)

668,120

Dividends received from associates

668,120

Net cash used in investing activities

(225,052,156)

(318,985,420)

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

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ECCB ANNUAL REPORT 2014/2015