GTCO Financial Results

Balance Sheet (Group) Group In thousands of Nigerian Naira Dec-21 Dec-20 %y-o-y change In thousands of Nigerian Naira Dec-21 Group Dec-20 %y-o-y change Assets Liabilities Cash and bank balances 933,591,069 745,557,370 25% Financial assets held at fair value through profit or loss 104,397,651 67,535,363 55% Deposits from banks Deposits from customers Derivative financial liabilities 118,027,576 4,012,305,554 101,509,550 3,509,319,237 16% 14% Derivative financial assets Investment securities: 24,913,435 1,206,142,774 - Fair Value through profit or loss 3,904,458 26,448,550 -6% 1,042,428,640 16% 3,273,771 19% Other liabilities 1,580,971 231,519,271 2,758,698 -43% -35% 356,222,575 - Fair Value through other comprehensive income 276,041,190 693,371,711 -60% - Held at amortised cost 846,923,215 283,582,832 199% Current income tax liabilities Other borrowed funds Deferred tax liabilities Total liabilities Equity 22,676,168 21,592,016 5% 153,897,499 113,894,768 35% 12,800,866 4,552,807,905 24,960,772 -49% 4,130,257,616 10% Assets pledged as collateral Loans and advances to banks 79,273,911 62,200,326 27% 115,014 Loans and advances to customers 1,802,587,381 Restricted deposits & other assets 1,137,554,208 99,043 16% 1,662,731,699 8% 1,226,481,116 -7% Share capital Share premium Treasury shares Retained earnings 14,715,590 123,471,114 (8,125,998) 14,715,590 0% 123,471,114 0% (6,928,103) 17% 198,358,025 193,921,810 2% Other components of equity 535,938,145 473,434,457 13% Property and equipment, and Right-of- Use Assets 203,971,924 148,782,835 37% Total equity attributable to owners of the Parent 864,356,876 798,614,868 8% Intangible assets Deferred tax assets 19,573,604 3,187,937 19,872,523 -2% Non-controlling interests in equity 4,716,154 -32% Total equity Total assets 5,436,034,997 4,944,653,293 10% Total equity and liabilities 18,870,216 883,227,092 5,436,034,997 15,780,809 20% 814,395,677 8% 4,944,653,293 10% 13

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