Page 94 - GTBANK GAMBIA ANNUAL REPORT 2021

Balance at 1 January 2020 -
68,220 18,287 54,777 178,134 319,418

Charge for the year 13,362 2,326 16,444 16,559 - 48,691

Balance at 31 December 2020 81,582 20,613 71,221 194,693 - 368,109
Carrying amounts:

371 41,899 7,960 275,124
Balance at 31 Dec. 2021 197,798 27,096

Balance at 31 Dec. 2020 213,200 17,097 11,388 27,718 1,280 270,683

Property plant and equipment cont’d
Capital work in progress refers to capital expenditure incurred on items of Property and Equipment which are however not
ready for use and as such are not being depreciated.

There were no capitalised borrowing costs related to the acquisition of plant and equipment during the year.
21(b) Right-of-use Asset

In thousands of Gambian Dalasi
Right-of-use asset
Cost
Balance at 1 January 2021 128,293
st
Additions -

st
Balance at 31 December 2021 128,293

Balance at 1 January 2020 127,987
st
Additions/IFRS 16 adjustment 306
Balance at 31 December 2020 128,293
st

In thousands of Gambian Dalasi Right-of-use asset

Depreciation
Balance at 1 January 2021 11,132
st
Charge for the year 7,458
IFRS 16 adjustment -
st
Balance at 31 December 2021 18,590

st
Balance at 1 January 2020 -
Annual Report 2021

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