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Total income tax expense in comprehensive income 115,551 26% 87,316 28%
15. Deferred tax
In thousands of Gambian Dalasi Dec.-2021 Dec.-2020
Opening deferred tax 6,131 7,674
Reduction during the year (5,481) (1,543)
Closing deferred tax liability 650 6,131
16. Earnings per share
Basic earnings per share are calculated by dividing the net profit attributable to equity holders of the bank by
the weighted average number of ordinary shares in issue during the year.
The calculation of basic earnings per share for the reporting year was based on the profit attributable to
ordinary shareholders of D332, 705,000 and a weighted average number of ordinary shares outstanding of
300,000,000 and it is calculated as follows:
Profit attributable to Ordinary Shareholders
In thousands of Gambian Dalasi Dec.-2021 Dec.-2020
Net profit attributable to equity holders of the Bank 332,705 225,877
Interest expense on convertible debt (net of tax)
Net profit used to determine dilute earnings per share 332,705 225,877
Number of ordinary shares - -
Weighted average number of ordinary shares in issue 300,000 300,000
Basic earnings per share (expressed in Dalasi per share) 1.11 0.75
Weighted average number of ordinary shares in issue 300,000 300,000
Weighted average number of ordinary shares for diluted earnings per
share 300,000 300,000
Diluted earnings per share (expressed in Dalasi per share) 1.11 0.75
- -
Profit attributable to equity holders:
- -
In thousands of shares
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Guaranty Trust Bank (Gambia) Limited Financial Statements December 2021
