Page 24 - GTBANK GAMBIA ANNUAL REPORT 2021
P. 24

Statement of Changes in Equity Continued.

                                                     Share    Credit risk   Statutory   Retained   Fair value    Total
                                                    capital     reserve      reserves    earnings     Reserve     equity
                   In thousands of Gambian Dalasi
                   Balance at 1 January 2020        300,000    50,911    281,549    129,758    42,413    804,631
                             st
                  Profit for the year                  -         -          -      225,877       -      225,877

                  Other comprehensive income, net of
                  tax                                  -         -          -         -          -         -
                  Foreign currency translation
                  difference                           -         -          -         -          -         -
                   Total comprehensive income          -         -          -      225,877       -      225,877


                  Transactions with equity holders,
                  recorded directly in equity:
                   Bonus shares issued during the
                  year                                 -         -          -         -            -       -
                   Transfers for the year              -         (4,101)    56,469    (52,368)    (20,960)   (20,960)

                   Acquisition/disposal of own shares     -      -          -         -          -         -
                   Dividend to equity holders          -         -          -      (77,855)      -      (77,855)
                  Total transactions with equity holders     -    (4,101)    56,469    (130,223)   (20,960)   (98,815)
                   Balance at 31 December 2020      300,000    46,810    338,018    225,412    21,453    931,693
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                             The accompanying notes are an integral part of these financial statements.







     Annual Report 2021
                 www.gtbankgambia.com                                     Guaranty Trust Bank Gambia Limited    24
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