Page 23 - Agib Bank Limited Annual Report 2021

Financial Statements and Annual Report
Statement of Financial Position

As at 31st December 2021
(in thousands of Gambian Dalasi)

Notes 2021 2020

Assets
Cash and cash equivalents 18 752,345 897,150
Investments 20 467,618 309,884
Trading assets 23 2,193 2,193
Islamic financing and related assets 19 2,180,134 1,159,410
Other Receivables 22 39,100 109,805
Investment in properties 21 282,329 284,701
Property, plant and equipment 24 124,152 107,463
Right of Use Asset 26 14,560 5,622
Intangible assets 25 24,048 20,075
Other Assets 28 11,865 15,277

Total assets 3,898,344 2,911,580

Liabilities
Deposits from customers 29 3,420,188 2,482,733
Current tax liabilities 15 17,369 11,110
Deferred tax liabilities 16 2,509 2,746
Lease Liability 27 9,501 6,688
Other liabilities 30 48,126 70,920
_________ _________
Total liabilities 3,497,693 2,574,197
_________ _________
Equity
Stated capital 31 241,209 241,209
Share premium 2,292 2,292
Income surplus (deficit) (48,235) (99,059)
Statutory reserve 31 67,759 51,942
Credit risk reserve 31 15,248 18,621

Revaluation reserve 122,919 122,919
Fair Value Reserve (FVOCI) (541) (541)
_______ _______
Total equity attributable to equity holders of the Bank 400,651 337,383
_______ _______
Total liabilities and equity 3,898,344 2,911,580
_______ _______

Annual Report and IFRS Financial Statements

The accompanying notes are an integral part of these financial statements

Agib Bank Annual Report 2021 www.agib.gm 23