Page 72 - Agib Bank Ltd Annual Report and IFRS Financial statements 2020
P. 72
Lease – Finance Cost 1,326 1,233
Total administration expenses 63,844 57,977
2020 2019
14 Income tax expense
Current tax expense (17,026) (5,358)
Deferred tax expense 768 718
Over provision of tax for 2018 - 3,859
Total (16,258) (781)
2020 2019
15 Income tax asset/(liability)
Brought forward 1,928 (11,708)
Adjustment - 3,859
Charge for the year (17,026) (5,358)
Tax paid 3,988 15,135
Current tax (Liability)/Asset (11,110) 1,928
2020 2019
16 Deferred tax expense
Brought forward 3,514 4,232
Movement for the year (768) (718)
Deferred tax liability 2,746 3,514
17 Earnings per share
Basic earnings per share
The calculation of basic earnings per share at 31 December 2020 was based on the profit
attributable to ordinary shareholders of D42,856million (2019: D15.236 million) and a weighted
average number of ordinary shares outstanding of 25,390,495 (2019: 25,390,495), calculated
as follows:
Profit attributable to ordinary shareholders
2020 2019
Net profit for the period attributable to equity holders of the Bank 42,856 15,236
Weighted average number of ordinary shares
2020 2019
57
Annual Report and IFRS Financial Statements for the year ended 31 December 2020 71
