Page 24 - 2021 ANNUAL REPORT draft

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Guaranty Trust Bank (Gambia) Limited Financial Statements December 2021

Statement of Changes in Equity Continued.

Share Credit risk Statutory Retained Fair value Total
capital reserve reserves earnings Reserve equity
In thousands of Gambian Dalasi
st
Balance at 1 January 2020 300,000 50,911 281,549 129,758 42,413 804,631
Profit for the year - - - 225,877 - 225,877
Other comprehensive income, net of
tax - - - - - -
Foreign currency translation
difference - - - - - -
Total comprehensive income - - - 225,877 - 225,877

Transactions with equity holders,
recorded directly in equity:
Bonus shares issued during the
year - - - - - -
Transfers for the year - (4,101) 56,469 (52,368) (20,960) (20,960)
Acquisition/disposal of own shares - - - - - -
Dividend to equity holders - - - (77,855) - (77,855)
Total transactions with equity holders - (4,101) 56,469 (130,223) (20,960) (98,815)
Balance at 31 December 2020 300,000 46,810 338,018 225,412 21,453 931,693
st

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Guaranty Trust Bank (Gambia) Limited Financial Statements December 2021