Page 24 - Agib Bank Limited Annual Report 2021

Financial Statements and Annual Report
Statement of Changes in Equity

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

Share Share Credit Statutory Properties Fair Income Total
Capital Premium risk reserve Revaluation value surplus equity
reserve reserve Reserve

Balance at 1 2,292 14,198 41,228 118,148 (115,860) 301,215
January 2020 241,209

42,856 42,856

Profit for the - - - -
year
Transfer to credit 4,423 (4,423) -
risk reserve

7
,
0

4
1

Transfer to (10,714)
1

statutory reserve - - - -

Revaluation 4,771 4,771

Dividend Paid in (10,918) (10,918)
2019 (541) (541)
Fair Value
reserve (FVOCI)
Balance at 31 2,292 18,621 51,942 122,919 (99,059) 337,383
December 2020 241,209 (541)

63,268 63,268

Profit for the - - - -
year
Transfer to credit (3,373) 3,373 -
risk reserve
1

8

7

Transfer to (15,817)

,
5
1
statutory reserve - - - -

Revaluation -
-
Fair Value -
reserve (FVOCI)

Balance at 31 241,209 2,292 15,248 67,759 122,919 (541) (48,235) 400,651
December 2021

The accompanying notes are an integral part of these financial statements.

Agib Bank Annual Report 2021 www.agib.gm 24