Page 104 - GTBANK GAMNBIA 2021 ANNUAL REPORT

Supplementary information

Appendix I: Value added statement
st
For the year ended 31 December 2021
Dec.- Dec.-

2021 2020
GMD'000 % GMD'000 %
Gross earnings 850,390 761,325

Interest expense
Local -25,336 -42,779
Foreign
825,054 718,546
Loan impairment charges / Net

impairment loss on financial assets 14,509 -9,893
839,563 708,653
Bought in materials and services
Local -210,004 -201,771
Foreign
Value added 629,559 100 506,882 100

Distribution

Employees
Directors (without executives) 3,571 1 3,607 1
Executive Directors 8,089 1 7,132 1
Other Employees 117,594 19 125,785 25
Government
Taxation 115,551 18 87,316 17
To providers of Capital

Dividends to Shareholders - - -
Retained in the Bank

For replacement of property and equipment/
intangible assets (depreciation and Amortization) 52,049 8 57,165 11

Profit for the year (including non-controlling
interest, statutory and regulatory risk reserves) 332,705 53 225,877 45
629,559 100 506,882 100
Annual Report 2021

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