Page 23 - GTBANK GAMBIA ANNUAL REPORT 2021
P. 23

Statement of Changes in Equity

                                   st
               For the year ended 31 December 2021
                                                               Credit
                                                                risk
                                                     Share             Statutory   Retained   Fair value    Total
                                                    capital     reserve      reserves     earnings     Reserve      equity
                  In thousands of Gambian Dalasi


                   Balance at 1 January 2021        300,000   46,810    338,018    225,412    21,453    931,693
                              st
                  Profit for the year                  -         -         -       332,705       -      332,705
                  Other comprehensive income, net of
                  tax
                                                       -         -         -          -          -          -
                  Foreign currency translation
                  difference
                                                       -         -         -          -          -          -
                   Total comprehensive income          -         -         -       332,705       -      332,705


                  Transactions with equity holders,
                  recorded directly in equity:

                   Bonus shares issued during the
                  year
                                                       -         -         -          -            -        -
                   Transfers for the year              -        (4,787)    49,906    (45,119)     (21,453)    (21,453)

                   Acquisition/disposal of own shares     -      -         -          -          -          -

                   Dividend to equity holders          -         -         -      (177,049)      -      (177,049)
                  Total transactions with equity
                  holders
                                                       -        (4,787)    49,906    (222,168)   (21,453)    (198,502)
                               st
                   Balance at 31 December 2021      300,000   42,023    387,924    335,949      0       1,065,896










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





     Annual Report 2021

                 www.gtbankgambia.com                                     Guaranty Trust Bank Gambia Limited    23
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