Page 130 - 2021 ANNUAL REPORT draft

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Profit attributable to equity holders: 332,705 225,877

-- Profit for the year 332,705 225,877

17. Dividend per Share
The following dividends were declared and paid during the year ended:

In thousands of Gambian Dalasi Dec.-2021 Dec.-2020
Balance, beginning of year - -
- -
Dividend declared
Payment during the year* (177,049) (77,855)
Balance, end of year - -
*This relates to the final dividend declared for the 2020 financial year.
Subsequent to the balance sheet date, the board of directors proposed a final dividend of D268, 759,200
st
(89.59 bututs per share), (31 December 2020: 59.02 bututs per share) on the issued ordinary shares of
300,000,000 of D1 each.

18. Cash and cash equivalent

In thousands of Gambian Dalasi Dec.-2021 Dec.-2020
Cash in hand 1,006,801 220,999
Balances held with other banks 257,457 63,893
Unrestricted balances with Central Bank 0 0
Money market placements 372,434 569,737
Balance as per statement of cash flow 1,636,693 854,629
Restricted balances with Central Bank of The Gambia 1,142,795 897,492
Cash and cash equivalent 2,779,488 1,752,121
Cash reserve deposit are mandatory reserve deposits with the Central Bank of The Gambia which are not available
for use in the Bank’s day to day operations.

19. Loans and advances to customers

Dec-2021
Gross Stage
carrying Stage 1 2 Stage 3 Total Carrying
In thousands of
Gambian Dalasi amount ECL ECL ECL impairment amount
Loans and Advances to
individuals 748,141 (12,463) (243) - (12,706) 735,435
Loans and Advances to
Non-Individuals 275,180 (35,645) (5,085) (5,091) (45,821) 229,359

1,023,321 (48,108) (5,328) (5,091) (58,527) 964,794

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Guaranty Trust Bank (Gambia) Limited Financial Statements December 2021