GUARANTY TRUST : QUARTER 3 - FINANCIAL STATEMENT FOR 2022

Guaranty Trust Holding Company Plc.

Unaudited Consolidated and Separate Financial Statements

September 2022

Introduction

Introduction

Guaranty Trust Holding Company and Subsidiary Companies

Guaranty Trust Holding Company Plc ("the Parent" or the "Company") and its Subsidiaries (hereafter referred to as 'the Group') Consolidated Financial Statements complies with the applicable legal Requirements of the Nigerian Securities and Exchange Commission interim Financial Statements and comprises Separate and Consolidated Financial Statements of the Group for the period ended 30 September 2022. The consolidated financial statements have been 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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Introduction

Guaranty Trust Holding Company and Subsidiary Companies

Table of contents	Page
Financial Statements	1
Statement of financial position	2-3
Income statement	4
Statement of other comprehensive income	5
Income Statement- 3 months	6
Statement of other comprehensive income - 3 months	7
Consolidated statement of changes in equity	8-9
Statement of changes in equity- Company	10-11
Statement of cash-flows	12-13
Reporting entity	14
Basis of preparation	14
Significant accounting policies	14-19
Other accounting policies	19-46
Notes to the financial statements	47-80
Other Notes	81-83

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Guaranty Trust Holding Company and Subsidiary Companies

Financial statements

1

Guaranty Trust Holding Company and Subsidiary Companies

Consolidated and separate statements of financial position

As at 30 September 2022
		Group	Group	Company	Company
In thousands of Nigerian Naira	Notes	Sep-2022	Dec-2021	Sep-2022	Dec-2021
Assets
Cash and bank balances	17	1,179,328,604	933,591,069	-	-
Financial assets at fair value through profit or
loss	18	227,434,352	104,397,651	-	-
Derivative financial assets	19	25,909,206	24,913,435	-	-
Investment securities:
- Fair value through profit or loss	20	3,904,458	3,904,458	-	-
- Fair value through other comprehensive
income	20	252,959,877	276,041,190	-	-
- Held at amortised cost	20	834,989,306	846,923,215	-	-
Assets pledged as collateral	21	68,414,522	79,273,911	-	-
Loans and advances to banks	22	121,281	115,014	-	-
Loans and advances to customers	23	1,842,849,794	1,802,587,381	-	-
Restricted deposits and other assets	29	1,141,427,612	1,137,554,208	214,300	1,407,460
Investment in subsidiaries	24	-	-	162,956,560	141,811,575
Property and equipment	25	195,674,113	203,971,924	917,075	496,969
Intangible assets	26	29,997,889	19,573,604	-	-
Deferred tax assets		5,793,007	3,187,937	-	-
Total assets		5,808,804,021	5,436,034,997	164,087,935	143,716,004
Liabilities
Deposits from banks	28	135,329,128	118,027,576	-	-
Deposits from customers	29	4,257,438,117	4,012,305,554	-	-
Financial liabilities at fair value through profit
or loss	30	3,327,218	-	-	-
Derivative financial liabilities	19	2,781,947	1,580,971	-	-
Other liabilities	31	357,189,425	231,519,271	26,400,009	6,076,055
Current income tax liabilities	15	24,523,127	22,676,168	-	-
Other borrowed funds	33	146,803,719	153,897,499	-	-
Deferred tax liabilities		8,602,257	12,800,866	-	-
Total liabilities		4,935,994,938	4,552,807,905	26,400,009	6,076,055

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