Page 24 - GTBank Annual Report 2020 eBook

Statement of Changes in Equity Cont.

st
For the year ended 31 December 2020

Credit Fair
Share Risk Statutory Retained value Total
In thousands of Gambian Dalasi capital reserve reserves Reserve equity
earnings

Balance at 1stJanuary 2019 300,000 50,044 247,013 77,678 11,471 686,206
IFRS 16 adjustment (2,653) (2,653)
Adjusted balance as at 1 January
st
2019 300,000 50,044 247,013 75,025 11,471 683,553
Total comprehensive income
for the year: -
Profit for the year - - - 138,142 - 138,142
Transfer - - (6) - (6)
Other comprehensive income, net of
tax - - - - - -
Foreign currency translation
difference - - - - - -
Total comprehensive income - - - 138,136 - 138,136

Transactions with equity holders,
recorded directly in equity:
Bonus shares issued during the year - - - - - -
Transfers for the year - 867 34,536 (35,403) 30,942 30,942
Acquisition/disposal of own shares - - - - - -
Dividend to equity holders - - - (48,000) - (48,000)
Total transactions with equity
holders - 867 34,536 (83,403) 30,942 (17,058)
st
Balance at 31 December 2019 300,000 50,911 281,549 129,758 42,413 804,631

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

Annual Report 2020
Guaranty Trust Bank Gambia Limited www.gtbankgambia.com 22