Page 52 - GTBank Annual Report 2020 eBook

An analysis of the Bank’s income statement, total assets and liabilities are as follows:

Information about operating segments December 2020

Retail & Public
Corporate SME Commercial Treasury Sector
Division Division Division Division Group Total
Revenue:
Derived from external
customers 137,846 245,744 63,674 244,585 32,504 724,353
Total Revenue 137,846 245,744 63,674 244,585 32,504 724,353
Interest expenses (5,186) (17,132) (4,165) (13,286) (3,010) (42,779)
Fee and commission (4,863) (274) (4,264) (1,986) (3,928) (15,315)
expenses
Net operating income 127,797 228,338 55,245 229,313 25,566 666,258
Expense: -
Operating expenses (97,096) (115,619) (27,434) (35,202) (10,657) (286,008)
Credit loss expense on (1,018) (1,831) (4,347) (2,500) (197) (9,893)
financial assets
Depreciation of property,
equipment and right-of- (14,145) (13,182) (11,307) (10,874) (7,656) (57,164)
use assets Amortisation
of intangible assets
Total Cost (112,259) (130,632) (43,088) (48,576) (18,510) (353,066)
Segment Profit before
taxation 15,538 97,706 12,157 180,736 7,056 313,193
Income tax expense (4,195) (29,135) (3,282) (48,799) (1,905) (87,316)
Profit for the year 11,343 68,571 8,875 131,938 5,151 225,877

Assets and liabilities:
Total assets 847,535 921,917 622,084 5,550,978 420,752 8,363,266

Total liabilities (629,047) (5,374,006) (394,051) (405,099) (629,370) (7,431,573)
Net Assets/
(Liabilities) 218,488 (4,452,089) 228,033 5,145,879 (208,618) 931,693

Assets:
Loans and advances to 270,734 479,207 198,813 7,160 2,519 958,433
customers

Others 323,029 592,614 592,531 5,304,128 592,531 7,404,833

Total assets 593,763 1,071,821 791,344 5,311,288 595,050 8,363,266

Liabilities:
Deposits from 525,335 5,301,381 266,807 338,475 562,746 6,994,743
customers
Others 103,713 72,625 127,244 66,624 66,624 436,830
Total liabilities 629,048 5,374,005 394,051 405,099 629,370 7,431,573

Annual Report 2020
Guaranty Trust Bank Gambia Limited www.gtbankgambia.com 50