Page 22 - Agib Bank Limited Annual Report 2021

Financial Statements and Annual Report
Statement of Comprehensive Income

for the year ended 31 December 2021
(in thousands of Gambian Dalasi)

Notes 2021 2020

Income from Islamic finances 6 130,305 88,303
Returns to customers 7 (10,655) ((25,859)
________ ________
Net income from Islamic finances 119,650 62,444
________ ________
Fee and commission income 8 99,045 68,544
Fee and commission expense 9 (1,528) (1,684)
________ ________
Net fee and commission income 97,517 66,860
________ ________

Net trading income 10 47,066 16,211
Other operating income 11 30,161 55,411
Impairment on financial asset 19 (55,192) (9,264)
________ ________
22,035 62,358
________ ________

Operating income after impairment 239,202 191,662

Personnel Expenses 12 (43,377) (38,388)
Depreciation and amortization 24,25 (23,655) (26,112)
Depreciation of Right of Use Asset 26 (4,405) (4,204)
General and administration expenses 13 (81,075) (63,844)
________ ________
Total operating expenses (152,512) (132,548)

Profit before tax 86,690 59,114

Income tax 14 (23,422) (16,258)

Profit for the year 63,268 42,856

Other comprehensive income, net of income tax - -
Foreign currency translation diff. for foreign operations - -
Net gain/loss on hedges of net investments in foreign ops - -
and cash flow hedges
Other comprehensive income for the year (net of tax) - -
Total comprehensive income for the year 63,268 42,856
________ ________
Earnings per share for the profit attributable to the equity
holders of the bank during the year (expressed in dalasi
per share):
Basic earnings per share 17 2.49 1.69
Diluted earnings per share 17 2.49 1.69

Profit attributable to Equity Holders:
Controlling Equity holders of the bank 59,599 40,371
Non-Controlling Interest 3,669 2,486 Annual Report and IFRS Financial Statements
Profit for the period 63,268 42,856
The accompanying notes are an integral part of these financial statements

Agib Bank Annual Report 2021 www.agib.gm 22