Page 92 - GTBank Annual Report 2020 eBook

In thousands of Gambian Dalasi Right-of-use
asset
Depreciation
st
Balance at 1 January 2020 11,132
Charge for the year 5,566
IFRS 16 adjustment (5,566)
Balance at 31 December 2020 11,132
st

Balance at 1 January 2019 -
st
Effect of adoption of IFRS 16 as at 1-Jan-19 5,566
Charge for the year 5,566
Balance at 31 December 2019 11,132
st

Carrying amounts:
st
Balance at 31 December 2020 117,161
Balance at 31 December 2019 116,855
st

Carrying
Assets Amount Additions Depreciation Impairment

D'000 D'000 D'000 D'000
Building 9,985 - 1,060 -

Land 55,666 - 4,506 -

The table below describes the nature of the Bank’s leasing activities by type of right-of-use asset
recognised on balance sheet:

Right- No of No of lease No of lease No of leases
of - right-of- Range of Average with with with
Use use Remaining Remaining extension options to termination
Assets assets Term lease term options purchase options
11 - 14
Building 2 Yrs. 12 Years NIL NIL NIL
Land 16 3 - 40 Yrs. 15 Years NIL NIL NIL

Annual Report 2020

Guaranty Trust Bank Gambia Limited www.gtbankgambia.com 90