Page 28 - Agib Bank Ltd Annual Report and IFRS Financial statements 2020

Statement of Financial Position

As at 31st December 2020
(in thousands of Gambian Dalasi)

Notes 2020 2019

Assets
Cash and cash equivalents 18 897,150 359,414
Investment in securities – Sukuk 20 309,884 438,027
Trading assets 23 2,193 2,734
Islamic financing and related assets 19 1,159,410 820,863
Other Receivables 22 109,805 -
Investment in properties 21 284,701 274,658
Property, plant and equipment 24 107,463 111,566
Right of Use Asset 26 5,622 9,826
Intangible assets 25 20,075 27,488
Current Tax Asset 15 - 1,928
Other Assets 28 15,277 14,607

Total assets 2,911,580 2,061,111

Liabilities
Deposits from customers 29 2,482,733 1,609,467
Current tax liabilities 15 11,110 -
Deferred tax liabilities 16 2,746 3,514
Lease Liability 27 6,688 10,305
Other liabilities 30 70,920 136,610
_________ _________
Total liabilities 2,574,197 1,759,896
_________ _________
Equity
Stated capital 31 241,209 241,209
Share premium 2,292 2,292
Income surplus (deficit) (99,059) (115,860)
Statutory reserve 31 51,942 41,228
Credit risk reserve 31 18,621 14,198

Revaluation reserve 122,919 118,148
Fair Value Reserve (FVOCI) (541) -
_______ _______
Total equity attributable to equity holders of the 337,383 301,215
Bank
_______ _______
Total liabilities and equity 2,911,580 2,061,111
_______ _______

These financial statements were approved by the board of directors on ................. .......2021 and were
signed on its behalf by:

..................................... Director .....................................Director ………………………. Director

The accompanying notes are an integral part of these financial statements

Annual Report and IFRS Financial Statements for the year ended 31 December 2020 27