Page 135 - 2021 ANNUAL REPORT draft

Property plant and equipment cont’d
Capital work in progress refers to capital expenditure incurred on items of Property and Equipment which are
however not ready for use and as such are not being depreciated.

There were no capitalised borrowing costs related to the acquisition of plant and equipment during the year. 21(b)
Right-of-use Asset

In thousands of Gambian Dalasi Right-of-use
asset

Cost
st
Balance at 1 January 2021 128,293
Additions -

st
Balance at 31 December 2021 128,293

Balance at 1 January 2020 127,987
st
Additions/IFRS 16 adjustment 306
st
Balance at 31 December 2020 128,293

In thousands of Gambian Dalasi Right-of-use
asset

Depreciation

Balance at 1 January 2021 11,132
st
Charge for the year 7,458

IFRS 16 adjustment -

st
Balance at 31 December 2021 18,590

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Guaranty Trust Bank (Gambia) Limited Financial Statements December 2021