Page 67 - 2021 ANNUAL REPORT draft

210,802 155,012 99,726 282,000 62,093 809,633
Net operating income
Expense: -
(116,767) (73,823) (49,708 (43,111) (40,428) (323,837)

Operating expenses
4,042 3,578 (400) 3,737 3,552 14,509
Credit loss expense on
financial assets
Depreciation of property, (14,071) (13,114) (10,740) (6,782) (7,342) (52,049)
equipment and right-of-use
assets Amortisation of
intangible assets
(126,796) (83,359) (60,848) (46,156) (44,218) (361,377)

Total Cost
84,006 71,653 38,878 235,845 17,875 448,256
Segment Profit before
taxation
(18,510) (9,928) (59,197) (4,542) (115,551)
(23,374)
Income tax expense
60,632 53,143 28,950 176,648 13,333 332,705
Profit for the year

Assets and liabilities:
823,863 4,283,914 354,014 3,988,330 621,623 10,071,745
Total assets
(762,766) (6,516,377) (477,816) (485,734) (763,156) (9,005,849)

Total liabilities
61,097 (2,232,463) (123,801) 3,502,596 (141,533) 1,065,896
Net Assets/ (Liabilities)

Assets:
80,231 697,152 144,866 9,180 33,365 964,794
Loans and advances to
customers
397,282 728,836 728,734 6,523,368 728,730 9,106,950
Others
477,513 1,425,988 873,600 6,532,548 762,095 10,071,745
Total assets

Liabilities:
823,863 6,427,192 354,014 390,128 621,623 8,616,820
Deposits from customers
93,665 65,588 109,438 30,168 90,170 389,029

Others
917,528 6,492,780 463,452 420,296 711,793 9,005,849

Total liabilities

67 | P a g e
Guaranty Trust Bank (Gambia) Limited Financial Statements December 2021