GUARANTY TRUST : QUARTER 1 - FINANCIAL STATEMENT FOR 2022

Guaranty Trust Bank Plc and Subsidiary Companies

Guaranty Trust Holding Company Plc.

Unaudited Consolidated and Separate Financial Statements Together with Directors' and Auditor's Reports

March 2022

Introduction

Guaranty Trust Holding Company's unaudited Interim Financial Statements complies with the applicable legal Requirements of the Nigerian Securities and Exchange Commission regarding interim Financial Statements. These financial statements contain extract of the unaudited financial statements prepared in accordance with IAS 34 'Interim Financial Reporting', its interpretation issued by the International

Accounting Standards Board and adopted by the Financial Reporting Council of Nigeria. For better understanding, certain disclosures and some prior period figures have been presented in line with current period figures. Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

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Table of contents

Page

Financial Statements 1

Statement of financial position 2-3

Income statement 4

Statement of other comprehensive income 5

Consolidated statement of changes in equity 6-7

Statement of changes in equity- Company 8-9

Statement of cash-flows 10-11

Reporting entity 12

Basis of preparation 12

Significant accounting policies 12-17

Other accounting policies 17-43

Notes to the financial statements 44-77

Other Notes 78-80

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Financial statements

Guaranty Trust Holding Company and Subsidiary Companies

Consolidated and separate statements of financial position

As at 31 March 2022

Group	Group	Company	Company
In thousands of Nigerian Naira	Notes	Mar-2022	Dec-2021	Mar-2022	Dec-2021
Assets
Cash and bank balances	18	915,897,296	933,591,069	-	-
Financial assets at fair value through profit or
loss	19	183,998,300	104,397,651	-	-
Derivative financial assets	20	14,116,496	24,913,435	-	-
Investment securities:
- Fair value through profit or loss	21	3,904,458	3,904,458	-	-
- Fair value through other comprehensive
income	21	263,528,489	276,041,190	-	-
- Held at amortised cost	21	858,312,668	846,923,215	-	-
Assets pledged as collateral	22	70,316,246	79,273,911	-	-
Loans and advances to banks	23	273,841	115,014	-	-
Loans and advances to customers	24	1,718,134,154	1,802,587,381	-	-
Restricted deposits and other assets	28	1,239,951,330	1,137,554,208	10,348,557	1,407,460
Investment in subsidiaries	25	-	-	152,996,450	141,811,575
Property and equipment	26	199,923,156	203,971,924	960,325	496,969
Intangible assets	27	29,078,514	19,573,604	-	-
Deferred tax assets	787,253	3,187,937	-	-
Total assets	5,498,222,201	5,436,034,997	164,305,332	143,716,004
Liabilities
Deposits from banks	29	113,237,636	118,027,576	-	-
Deposits from customers	30	4,045,287,454	4,012,305,554	-	-
Financial liabilities at fair value through profit
or loss	31	-	-	-	-
Derivative financial liabilities	20	1,025,603	1,580,971	-	-
Other liabilities	32	290,311,121	231,519,271	27,064,814	6,076,055
Current income tax liabilities	16	27,243,773	22,676,168	-	-
Other borrowed funds	34	107,089,198	153,897,499	-	-
Deferred tax liabilities	5,268,685	12,800,866	-	-
Total liabilities	4,589,463,470	4,552,807,905	27,064,814	6,076,055