Page 103 - Ecobank Gambia Annual Report 2020

Financial Statements & Annual Report

Appendix I. Value Added Statement

Value Added Statements for the year ended 31 December 2020 2020 2019
D’000 D’000

IInterest earned and other operating income 899,828 898,978
Direct cost of Services
Value added by banking services (79,882) (95,019)
Non-banking Income
Impairments 819,946 803,959
Value Added
- -
Distributed as follows:
13,190 3,553
To Employees:
Directors (without executives) 833,136 807,512
Executive directors
Other employees (2,897) (1,568 )
(12,101) (11,289 )
To Government: (136,506) (104,265)
Income tax
To providers of capital (151,504) (119,648)
Dividends paid to shareholders (prior year)
(124,897) (114,521)
To expansion and growth
Depreciation (20,396) (16,227)
Amortisation (8,225) (1,655)
Retained earnings 349,753 288,804

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