Page 87 - Ecobank Gambia Annual Report 2020

11.20 Items in other Comprehensive Income Statement

Notes 2020 2019

Items that may be reclassified subsequently to Profit or Loss:

Reclassification of (gains)/losses included in profit or loss 11.19 - -
- -
Other comprehensive income for the year (net of tax)

The Bank now holds and measure its financial instruments at amortized cost in line with IFRS 9.

11.21 Earnings per share

Basic earnings per share

The calculation of basic earnings per share at 31 December 2020 was based on the profit attributable to ordinary
shareholders of D 349.753 million (2019: D 288.804 million) and a weighted average number of ordinary shares
outstanding of 456.329 million (2019:456.329 million), calculated as follows:

Profit attributable to ordinary shareholders

2020 2019
D’000 D’000

Net profit for the year attributable to equity holders of the Bank 349,753 288,804

Weighted average number of ordinary shares

2020 2019
D’000 D’000
456,329
Issued ordinary shares at 1 January 456,329

Weighted average number of ordinary shares at 31 December 456,329 456,329

11.22 Dividend per share
A dividend pay-out ratio of 70% was declared after transfers to statutory and credit risk reserves in line with the
regulatory guidelines. This amounted to GMD 206,655,130.01 (Two hundred and six million, six hundred and fifty-five
thousand, one hundred and thirty Dalasi, one butut). This gives a dividend per share 45.3 bututs. This represents a
growth of 66% from prior year dividend per share of 27.4 bututs.

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