Page 40 - Ecobank Gambia Annual Report 2020

Financial Statements & Annual Report

Statement of changes in equity

for the year ended 31 December 2020 (in Thousands of Gambian Dalasis)

Note Attributable to equity holders of the company

Share Credit Risk Statutory Income Total
capital Reserve Reserve Surplus Equity

At 1 January 2020 456,329 30,102 253,328 333,135 1,072,895
Restated Opening Balances 456,329 30,102 253,328 333,135 1,072,895
Net change in available-for-sale
Net profit - - - 349,753 349,753
Total comprehensive income - - - 349,753 349,753

Dividend for 2019 - - - (124,897) (124,897)
Transfer to statutory reserves - - 52,463 (52,463) -
Transfers to Credit Risk Reserves - 2 ,069 (2,069) -
Total changes in Regulatory -
Reserves -
At 31 December 2020 456,329 2 ,069 52,463 (179,429) (124,897)
3 2,171 305,791 503,459 1,297,750

38 Ecobank Gambia Annual Report 2020 www.ecobank.com