Page 19 - 2021 ANNUAL REPORT draft
P. 19
Statement of Comprehensive Income
st
For the year ended 31 December 2021
In thousands of Gambian Dalasi Notes Dec-21 Dec-20
Interest income 7 511,797
Interest expense 7 (42,779)
Net interest income 457,954 469,018
Fee and commission income 8 163,580
Fee and commission expense 8 (15,315)
Net fee and commission income 243,327 148,265
Net trading income 9 104,235 83,464
Other income 10 4,117 2,484
Operating income 809,633 703,231
Credit loss expense on financial assets 26 14,509 (9,893)
Operating income after credit loss 824,142 693,338
Personnel expenses 11 (136,524)
General and administrative expenses 12 (90,591)
Depreciation of property, equipment and right-of-use assets 21 (48,691)
Amortization of intangible assets 22 (8,474)
Other operating expenses 13 (118,260) (95,865)
Operating expenses (375,886) (380,145)
Profit before tax 313,193
Income tax expense 14 (87,316)
Profit for the year 332,705 225,877
Profit attributable to equity holders: 332,705 225,877
– Profit for the year 332,705 225,877
Profit attributable to:
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Guaranty Trust Bank (Gambia) Limited Financial Statements December 2021
