Page 94 - GTBANK GAMNBIA 2021 ANNUAL REPORT
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Property plant and equipment cont’d
Capital work in progress refers to capital expenditure incurred on items of Property and Equipment which are however not
ready for use and as such are not being depreciated.
There were no capitalised borrowing costs related to the acquisition of plant and equipment during the year.
21(b) Right-of-use Asset
In thousands of Gambian Dalasi
Right-of-use asset
Cost
st
Balance at 1 January 2021 128,293
Additions -
Balance at 31 December 2021 128,293
st
st
Balance at 1 January 2020 127,987
Additions/IFRS 16 adjustment 306
st
Balance at 31 December 2020 128,293
In thousands of Gambian Dalasi Right-of-use asset
Depreciation
st
Balance at 1 January 2021 11,132
Charge for the year 7,458
IFRS 16 adjustment -
st
Balance at 31 December 2021 18,590
Balance at 1 January 2020 -
st
Balance at 1 January 2020 11,132
st
Charge for the year 5,566
IFRS 16 adjustment (5,566)
Balance at 31 December 2020 11,132
st
Carrying amounts:
Balance at 31 December 2021 109,703
st
Balance at 31 December 2020 117,161
st
Annual Report 2021
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