Page 84 - Agib Bank Ltd Annual Report and IFRS Financial statements 2020
P. 84
Value Added Statement
Value Added Statements for the year ended 31 December 2020
2020 2019
D'000 D'000
Income from Islamic Finances and other operating income 226,785 163,524
Return to Customers (25,859) (21,536)
Direct cost of Services (63,844) (57,977)
Impairments (9,264) (448)
Value Added 127,818 83,563
Distributed as follows:
To Employees:-
Executive Directors 2,110 2,219
Directors (without executives) 708 -
Other employees 35,570 31,263
To Government:
Income tax 16,258 781
To expansion and growth
Depreciation & Amortisation 30,316 34,064
Profit /(Loss) for the year 42,856 15,236
127,818 83,563
i
Annual Report and IFRS Financial Statements for the year ended 31 December 2020 83
