Page 87 - GTBank Annual Report 2020 eBook

The calculation of basic earnings per share for the reporting year was based on the profit attributable to
ordinary shareholders of D225, 877,000 and a weighted average number of ordinary shares outstanding of
300,000,000 and it is calculated as follows:

Profit attributable to Ordinary Shareholders

In thousands of Gambian Dalasi Dec.-2020 Dec.-2019
Net profit attributable to equity holders of the Bank 225,877 138,142
Interest expense on convertible debt (net of tax)
Net profit used to determine dilute earnings per share 225,877 138,142
Number of ordinary shares - -
Weighted average number of ordinary shares in issue 300,000 300,000
Basic earnings per share (expressed in Dalasi per share) 0.75 0.46

Weighted average number of ordinary shares in issue 300,000 300,000

Weighted average number of ordinary shares for diluted earnings per
share 300,000 300,000
Diluted earnings per share (expressed in Dalasi per share) 0.75 0.46
- -
Profit attributable to equity holders:
- -
In thousands of shares
- -
Profit attributable to equity holders: 225,877 138,142
-- Profit for the year 225,877 138,142

17. Dividend per Share
The following dividends were declared and paid during the year ended:

In thousands of Gambian Dalasi Dec.-2020 Dec.-2019
- -
Balance, beginning of year
- -
Dividend declared
Payment during the year* (77,855) (48,000)
Balance, end of year - -
*This relates to the final dividend declared for the 2020 financial year.

Subsequent to the balance sheet date, the board of directors proposed a final dividend of D177, 048,800
st
(59.02 bututs per share),(31 December 2019: 25 bututs per share) on the issued ordinary shares of
300,000,000 of D1 each.
Annual Report 2020

Guaranty Trust Bank Gambia Limited www.gtbankgambia.com 85