Page 87 - GTBANK GAMBIA ANNUAL REPORT 2021
P. 87
Cash Shipment - Swift Charges 22,565 8,811
Entertainment 1,112 877
Y/E Party/Staff Gifts 2,037 1,694
Telephone Expenses 522 2,866
Visa Card - Fees/Licenses 22,165 20,614
MasterCard - Fees and Licenses 1,742 10,535
Subscriptions 259 259
Fixed Assets Expensed 741 604
Fringe Benefit Tax Expenses 0 2,922
Legal and Secretarial Expenses 1,394 839
Fraud Loss Expenses* 20,205 168
Human Capital Expenses 1,642 1,323
Donations 295 577
Corporate Branding Expenses 2,068 2,000
Ground Rates 5,710 4,703
Electricity 11,514 11,640
Honoraria 1,136 256
Deferred Tax Expense 0 3,646
Other Operating Expenses A/C 3,139 3,357
114,726 91,935
*This represents fraud committed by staff members during the year who have since been relieved of their duties
14 Income tax expense
In thousands of Gambian Dalasi Dec.-2021 Dec.-2020
Current tax expense:
Company Income Tax 121,032 88,859
Deferred tax (5,481) (1,543)
115,551 87,316
Recognised in the Income statement
Income tax expense cont’d
In thousands of Gambian Dalasi Dec.-2021 Dec.-2020
Annual Report 2021
Balance, beginning of the year 26,880 15,822
www.gtbankgambia.com Guaranty Trust Bank Gambia Limited 87
