Page 15 - GTBANK GAMBIA ANNUAL REPORT 2021

Directors’ Report

The Directors present their report and the audited IFRS The directors are responsible for keeping proper
financial statements of Guaranty Trust Bank (Gambia) accounting records which disclose with reasonable
Limited for the year ended 31 December 2021. accuracy at any time the financial position of the
st
company and to enable them to ensure that the financial
Statement of Directors’ responsibility statements comply with the Companies Act 2013 and
The Banking Act 2009.They are responsible for
safeguarding the assets of the company and hence for
The Companies Act 2013 requires the Directors to taking reasonable steps for the prevention and
prepare the financial statements for the financial year detection of fraud and other irregularities.
which give a true and fair view of the state of affairs of
the company and of its profit or loss for that year. In Principal business activity
preparing the financial statements, the directors are
required to:
The company provides commercial banking services to
the general public in accordance with the regulations of
• select suitable accounting policies and then apply
them consistently; the Central Bank of The Gambia and the Banking Act
2009.
• make judgments and estimates that are Results and dividends
reasonable and prudent;

• state whether applicable accounting standards The results of the company are as detailed in the
have been followed, subject to any material accompanying financial statements. The directors have
departures disclosed and explained in the proposed the payment of a dividend as outlined in note
financial statements; 17.

• prepare the financial statements on the going Property, plant and equipment
concern basis unless it is inappropriate to
presume that the company will continue in The property, plant and equipment of the company are
business. as detailed in note 21 of the financial statements.

There has not been any permanent diminution in the
value of the company’s property, plant and equipment.

Annual Report 2021

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