Page 27 - Agib Bank Ltd Annual Report and IFRS Financial statements 2020

Statement of Comprehensive Income

for the year ended 31 December 2020
(in thousands of Gambian Dalasi)
Notes 2020 2019

Income from Islamic finances 6 88,303 73,238
Returns to customers 7 (25,859) (21,535)
________ ________
Net income from Islamic finances 62,444 51,703
________ ________
Fee and commission income 8 68,544 44,914
Fee and commission expense 9 (1,684) (849)
________ ________
Net fee and commission income 66,860 44,065
________ ________
Net trading income 10 16,211 7,057
Other operating income 11 55,411 39,163
Impairment on financial asset 19 (9,264) (448)
________ ________
62,358 45,772
________ ________

Operating income after impairment 191,662 141,540

Personnel Expenses 12 (38,388) (33,482)
Depreciation and amortization 24,25 (26,112) (29,963)
Depreciation of Right of Use Asset 26 (4,204) (4,101)
General and administration expenses 13 (63,844) (57,977)
________ ________
Total operating expenses (132,548) (125,523)

Profit before tax 59,114 16,017

Income tax 14 (16,258) (781)

Profit for the year 42,856 15,236

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 42,856 15,236
________ ________
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 1.69 0.60
Diluted earnings per share 17 1.69 0.60

Profit attributable to Equity Holders:
Controlling Equity holders of the bank 40,370 14,352
Non-Controlling Interest 2,486 884
Profit for the period 42,856 15,236
The accompanying notes are an integral part of these financial statement

Annual Report and IFRS Financial Statements for the year ended 31 December 2020 26