Page 68 - 2021 ANNUAL REPORT draft

Information about operating segments December 2020
Corporate
& Retail & Public
Hospitality SME Commercial Treasury Sector
Division Division Division Group Total
Revenue:
Derived from external 144,882 258,287 66,924 257,069 34,163 761,325
customers
Total Revenue 144,882 258,287 66,924 257,069 34,163 761,325
Interest expenses (5,186) (17,132) (4,165) (13,286) (3,010) (42,779)
Fee and commission (4,863) (274) (4,264) (1,986) (3,928) (15,315)
expenses
Net operating income 134,833 240,881 58,495 241,797 27,225 703,231
Expense: -
Operating expenses (109,648) (130,565) (30,980) (39,753) (12,035) (322,980)
Credit loss expense on (1,018) (1,831) (4,347) (2,500) (197) (9,893)
financial assets
Depreciation of property, (14,145) (13,182) (11,307) (10,874) (7,657) (57,165)
equipment and right-of-use
assets Amortisation of
intangible assets
Total Cost (124,811) (145,578) (46,634) (53,127) (19,889) (390,038)
Segment Profit before 10,022 95,303 11,861 188,670 7,336 313,193
taxation
Income tax expense (4,195) (29,135) (3,282) (48,799) (1,905) (87,316)
Profit for the year 5,827 66,168 8,579 139,871 5,431 225,877

Assets and liabilities:
Total assets 847,535 921,917 622,084 5,550,978 420,752 8,363,266

Total liabilities (629,047) (5,374,006) (394,051) (405,099) (629,370) (7,431,573)

Net Assets/ (Liabilities) 218,488 (4,452,089) 228,033 5,145,879 (208,618) 931,693

Assets:
Loans and advances to 270,734 479,207 198,813 7,160 2,519 958,433
customers

Others 323,029 592,614 592,531 5,304,128 592,531 7,404,833

Total assets 593,763 1,071,821 791,344 5,311,288 595,050 8,363,266

Liabilities:
Deposits from customers 525,335 5,301,381 266,807 338,475 562,746 6,994,743
Others 103,713 72,625 127,244 66,624 66,624 436,830
Total liabilities 629,048 5,374,005 394,051 405,099 629,370 7,431,573

4. Financial Risk Management

a. Introduction and Overview
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Guaranty Trust Bank (Gambia) Limited Financial Statements December 2021