Page 96 - Ecobank Gambia Annual Report 2020

Financial Statements & Annual Report

Notes to the Financial Statements

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

11.36 Current tax liabilities 2020 2019
133,131 118,114
(97,191) (79,914)
Charge for the year 38,200
Prepayments 35,940

11.37 Other liabilities 2020 2019
37,924 24,962
42,822
Interest suspended & Other provisions 2,923 86,356
Accrued Expenses 74,243
Accounts payables Affiliates 35,035 1,904
Unamortized Trade fees 25,099 23,501
Staff Benefit Accrued
Other Tax liabilities accrued 6,902 6,316
Other Customer deposits 188,849 93,972
Other customer payables
Settelment Accounts 39,730 5,506
Other 5,151 20,132
12,829
11,546 332,300
427,403

* Other Customer deposits mainly consists of funds held on behalf of an Investor who invested in government securities
pending repatriation of such funds.
* Other Customer payables are mainly related to inward transfers received from or on behalf of customers, however
such transfers come with either wrong or incomplete beneficiary details. These are posted in a suspense GL pending
regularization of beneficiary details.

11.38 Share capital and reserves 2020 2019
D’000 D’000
Share capital
456,329 456,329
Ordinary shares 456,329 456,329

On issue at 1 January
On issue at 31 December

At 31 December 2020 the authorised share capital comprised 456.329 million ordinary shares (2019: 456.329 million).
All of these instruments have a par value of D1. All issued shares are fully paid.
The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one
vote per share at meetings of the Bank.

94 Ecobank Gambia Annual Report 2020 www.ecobank.com