Page 20 - GTBank Annual Report 2020 eBook

Statement of Financial Position

st
As at 31 December 2020

In thousands of Gambian Dalasi Notes Dec-20 Dec-19
Assets
Cash and cash equivalents 18 1,752,121 1,801,491
Debt instruments at Fair value through OCI 20 3,944,897 3,182,935
Debt instruments at amortized cost 20 704,723 411,031
Loans and advances to customers 19 958,433 1,056,111
Other assets 23 598,256 47,589
Property plant and equipment 21 (a) 270,683 298,224
Right-of-use asset 21 (b) 117,161 116,855
Intangible assets 22 16,992 15,339

Total assets 8,363,266 6,929,575

Liabilities
Deposits from customers 25 6,994,743 5,877,275
Current income tax liabilities 14 26,880 15,822
Other liabilities 27 (a) 348,449 165,550
Lease obligation 27 (b) 55,370 58,623
Deferred tax liabilities 15 6,131 7,674
Other borrowed funds - -
Total Liabilities 7,431,573 6,124,944

Equity

Capital and reserves
Share capital 28 300,000 300,000
Statutory reserves 28 338,018 281,549
Credit risk reserve 28 46,810 50,911
Fair value reserve 28 21,453 42,413
Retained earnings 225,412 129,758
Total equity 931,693 804,631
Total liabilities and equity 8,363,266 6,929,575

These financial statements were approved by the board of directors on : 2021 and were
signed on its behalf by:

..................................... Chairman .... .................... Managing Director .... .........................Director

………………………… Company Secretary

The accompanying notes are an integral part of these financial statements. Annual Report 2020

Guaranty Trust Bank Gambia Limited www.gtbankgambia.com 18