Page 50 - GTBANK GAMBIA ANNUAL REPORT 2021

✓ Treasury function − Treasury and finance and
other central functions

3.23.1. Profit segments

An analysis of the Bank’s income statement, total assets and liabilities are as follows:

Information about operating segments December 2021
Retail & Public
Corporate SME Commercial Treasury Sector
&
Hospitality Division Division Division Group Total
Revenue:
213,309 180,300 103,079 289,875 63,827 850,390
Derived from external
customers
213,309 180,300 103,079 289,875 63,827 850,390
Total Revenue
(298) (19,286) (1,484) (3,829) (439) (25,336)

Interest expenses
(2,209) (6,002) (1,869) (4,046) (1,294) (15,421)
Fee and commission
expenses
210,802 155,012 99,726 282,000 62,093 809,633
Net operating income
Expense: -
(116,767) (73,823) (49,708 (43,111) (40,428) (323,837)

Operating expenses
4,042 3,578 (400) 3,737 3,552 14,509
Credit loss expense on
financial assets
Depreciation of property, (14,071) (13,114) (10,740) (6,782) (7,342) (52,049)
equipment and right-of-use
assets Amortisation of
intangible assets
(126,796) (83,359) (60,848) (46,156) (44,218) (361,377)
Total Cost
84,006 71,653 38,878 235,845 17,875 448,256
Segment Profit before
taxation
(18,510) (9,928) (59,197) (4,542) (115,551)
(23,374)
Income tax expense
60,632 53,143 28,950 176,648 13,333 332,705
Profit for the year

Assets and liabilities:

Annual Report 2021

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