Page 26 - GTBANK GAMNBIA 2021 ANNUAL REPORT

Statement of Cash flows Continued.
st
For the year ended 31 December 2021

Cash flows from investing activities

Purchase of right-of-use assets (306)

Purchase of property and equipment (50,472) (21,150)
Proceeds from the sale of property and equipment 10,313 -

Purchase of intangible assets (2,187) (10,127)
Net cash used in investing activities (42,346) (31,583)

Cash flows from financing activities

Dividends paid to owners (177,049) (77,855)
Repayment of principal portion of lease liabilities - -

Net cash provided by financing activities (177,049) (77,855)

Net decrease in cash and cash equivalents 782,064 (136,289)

Cash and cash equivalents at beginning of year 854,629 990,917

Effect of exchange rate fluctuations on cash held - -
Cash and cash equivalents at end of year 1,636,693 854,629

The accompanying notes on are an integral part of these financial statements.

Annual Report 2021
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