Page 23 - GTBank Annual Report 2020 eBook

Statement of Changes in Equity

st
For the year ended 31 December 2020

Credit
Share risk Statutory Retained Fair value Total
capital reserve reserves earnings Reserve equity

In thousands of Gambian Dalasi

st
Balance at 1 January 2020 300,000 50,911 281,549 129,758 42,413 804,631
IFRS 16 adjustment
-
Profit for the year - - - 225,877 225,877
Other comprehensive income, net
of tax - - - - - -
Foreign currency translation
difference - - - - - -

Total comprehensive income - - - 225,877 - 225,877

Transactions with equity holders,
recorded directly in equity:
Bonus shares issued during the
year - - - - - -

Transfers for the year - (4,101) 56,469 (52,368) (20,960) (20,960)
Acquisition/disposal of own shares - - - - - -
Dividend to equity holders - - - (77,855) - (77,855)
Total transactions with equity
holders - (4,101) 56,469 (130,223) (20,960) (98,815)
st
Balance at 31 December 2020 300,000 46,810 338,018 225,412 21,453 931,693

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

Annual Report 2020
Guaranty Trust Bank Gambia Limited www.gtbankgambia.com 21