Page 75 - Agib Bank Limited Annual Report 2021
P. 75
Financial Statements and
Annual Report
Value Added Statement
Value Added Statements for the year ended 31 December 2021
2021 2020
D'000 D'000
Income from Islamic Finances and other operating income 305,049 226,785
Return to Customers (10,655) (25,859)
Direct cost of Services (81,075) (63,844)
Impairments (55,192) (9,264)
Value Added 158,127 127,818
Distributed as follows:
To Employees:-
Executive Directors 2,862 2,110
Directors (without executives) 899 708 -
Other employees 39,616 35,570
To Government:
Income tax 23,422 16,258
To expansion and growth
Depreciation & Amortisation 28,060 30,316
Profit /(Loss) for the year 63,268 42,856
158,127 127,818
Annual Report and IFRS Financial Statements
Agib Bank Annual Report 2021 www.agib.gm 75
