Statement of Cash Flows

Carib Brewery (Grenada) Limited (formerly Grenada Breweries Limited) Notes to the Financial Statements for theyear ended 31st December, 2021 Expr Expr Expr Expr Expressed in t essed in t essed in t essed in t essed in thousands of Eastern Caribbean Dol housands of Eastern Caribbean Dol housands of Eastern Caribbean Dol housands of Eastern Caribbean Dol housands of Eastern Caribbean Dol lars lars lars lars lars

8. Intangible Assets

Computer Software:

Gross carrying amount, 31 December, 2021

Accumulated amortization 1 January, 2021 Amortization for the year

Accumulated amortization 31 December, 2021

Net carrying amount, 31 December, 2021 2021 2021 2021 2021 2021 2020

548 548 548 548 548 548

(128) (128) (128) (128) (128) (55) (55) (55) (55) (55) (73) (55)

(183) (183) (183) (183) (183) (128)

365 365 365 365 365 420

9. Investment Securities

Equity security at fair value through profit and loss Equity security at fair value through profit and loss Equity security at fair value through profit and loss Equity security at fair value through profit and loss Equity security at fair value through profit and loss Eastern Caribbean Securities Exchange -2,500 share of $10 each

Investment security at amortized cost Investment security at amortized cost Investment security at amortized cost Investment security at amortized cost Investment security at amortized cost Fixed deposits 25 25 25 25 25 25

5,346 5,346 5,346 5,346 5,346 5,344

The fair value of the Eastern Caribbean Securities Exchange Shares was estimated at cost since insufficient recent information was unavailable to measure at fair value.

10. Inventories

Finished goods Raw materials and work in progress Goods in Transit Consumables and spares

97 97 97 97 97 819 3,036 3,036 3,036 3,036 3,036 2,366 1,190 1,190 1,190 1,190 1,190 476 2,979 2,979 2,979 2,979 2,979 2,242

7,302 7,302 7,302 7,302 7,302 5,903

The difference between the purchase price or production cost of inventories and their replacement value is not material. Carib Brewery (Grenada) Limited (formerly Grenada Breweries Limited) Notes to the Financial Statements for theyear ended 31st December, 2021 Expr Expr Expr Expr Expressed in t essed in t essed in t essed in t essed in thousands of Eastern Caribbean Dol housands of Eastern Caribbean Dol housands of Eastern Caribbean Dol housands of Eastern Caribbean Dol housands of Eastern Caribbean Dol lars lars lars lars lars

11. Trade and Other Receivables

Inter Company receivables Trade receivables - net Other receivables Prepayments and accrued income 2021 2021 2021 2021 2021 2020

150 150 150 150 150 1,162 3,801 3,801 3,801 3,801 3,801 3,627 215 215 215 215 215 10 408 408 408 408 408 610

4,574 4,574 4,574 4,574 4,574 5,409

Movements in provision for expected credit loss of trade receivables were as follows:

As at 1st January, 2021 Net (decrease)/increase in expected credit loss

As at 31st December, 2021 488 488 488 488 488 196 (53) (53) (53) (53) (53) 292

435 435 435 435 435 488

The carrying value of trade and other receivables approximates their fair value.

12. Cash and Cash Equivalents

First Caribbean International Bank (Barbados) Limited - Current Accounts 23,006 14,920 - Cash on hand 14 20

23,020 14,940

The Company has an unused EC$5.0 million overdraft facility available with First Caribbean International Bank (Barbados) Limited.

13. Stated Capital

Authorised - 6,000,000 Ordinary shares of no par value - 300,000 10% Preference shares of no par value

Al Al Al Al Al located, Cal located, Cal located, Cal located, Cal located, Cal led Up and Ful led Up and Ful led Up and Ful led Up and Ful led Up and Ful ly Paid ly Paid ly Paid ly Paid ly Paid - 4,154,652 ordinary shares of no par value 4,155 4,155