Page 100 - GTBANK GAMNBIA 2021 ANNUAL REPORT
P. 100
Accretion of interest 5,446 5,016
Payments (0) (8,269)
As at 31st December 2021 60,816 55,370
st
The undiscounted maturity analysis of lease liabilities at 31 December 2021 is as follows: The maturity
analysis of lease liabilities are disclosed below.
Within 1 1-2 4-5 5-10 10-25
Year Years 2-3 Years 3-4 Years Years Years Years Total
D'000 D'000 D'000 D'000 D'000 D'000 D'000 D'000
31st
December
2021
Lease
Payments 13,768 21,360 4,088 24,275 2,521 6,576 8,894 81,482
Net Present 594
Value 8,156 11,096 1,521 7,434 1,124 30,890 60,816
31st
December
2020
Lease
Payments 152 28,167 7,112 9,081 19,282 8,946 25,723 98,462
Net Present
Value 96 15,956 3,356 3,119 5,813 1,681 25,349 55,370
31-Dec-21 31-Dec-20
Current 8,156 96
Non-Current 52,659 55,274
Total 60,815 55,370
28. Other Components of Equity Accordingly, the Bank appropriated D49, 906,000
representing 15% of its Profit after tax to statutory
Statutory reserve reserve for the year ended (2020: D56, 469,000).
Gambian banking regulations require the Bank to Fair value reserve
make an annual appropriation to a statutory
reserve. As stipulated in Section.19 of the Banking The fair value reserve includes the net cumulative
Act of 2009, the Central Bank of Gambia change in the fair value of FV through OCI
Annual Report 2021
prescribes the minimum amount to be transferred investments until the investments are derecognized
to the reserve account where the reserve account or impaired. A total fair value loss of D21, 453,000
is less than/excess of the paidup capital.
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