Page 127 - 2021 ANNUAL REPORT draft

13. Other expenses

In thousands of Gambian Dalasi Dec.-2021 Dec.-2020
Other insurance Premium 2,430 2,159
Auditors' remuneration 750 750
Professional fees and other consulting costs 354 814
Claims and benefits incurred on insurance contracts - -
CBG Penalties 0 207
*Others 114,726 91,935
118,260 95,865
The Bank suffered no penalties in 2021 but paid a total penalty of GMD207, 000 in 2020.

*Breakdown of Others

In thousands of Gambian Dalasi Dec.-2021 Dec.-2020
General Supplies 703 1,265
AGM Expenses 894 -
Fuel 2,184 1,666
Diesel Oil Expenses 2,529 2,028
Communication Expenses 8,086 5,914
Computer Consumables 2,084 3,371
Cash Shipment - Swift Charges 22,565 8,811
Entertainment 1,112 877
Y/E Party/Staff Gifts 2,037 1,694
Telephone Expenses 522 2,866
Visa Card - Fees/Licenses 22,165 20,614
MasterCard - Fees and Licenses 1,742 10,535
Subscriptions 259 259
Fixed Assets Expensed 741 604
Fringe Benefit Tax Expenses 0 2,922
Legal and Secretarial Expenses 1,394 839
Fraud Loss Expenses* 20,205 168
Human Capital Expenses 1,642 1,323
Donations 295 577
Corporate Branding Expenses 2,068 2,000
Ground Rates 5,710 4,703
Electricity 11,514 11,640
Honoraria 1,136 256

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Guaranty Trust Bank (Gambia) Limited Financial Statements December 2021