2009 - FSD Kenya
2009 - FSD Kenya
2009 - FSD Kenya
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FinAnCiAl STATemenTS<br />
INCOME AND EXPENDITURE STATEMENT<br />
FOR THE YEAR ENDED 31 ST DECEMBER <strong>2009</strong><br />
INCOME<br />
<strong>FSD</strong> KENYA <strong>2009</strong> ANNUAL REPORT • 25<br />
<strong>2009</strong> 2008 (Restated)<br />
Grants 702,747,785 623,378,219<br />
Finance income 37,756,509 11,965,164<br />
TOTAL INCOME 740,504,294 635,343,383<br />
EXPENDITURE<br />
PROJECT EXPENSES<br />
Core projects 333,199,513 336,896,640<br />
Designated projects 265,884,312 39,773,311<br />
599,083,827 376,669,951<br />
ADMINISTRATIvE EXPENDITURE 58,635,861 50,199,802<br />
TOTAL EXPENDITURE 657,719,686 426,869,753<br />
FINANCE COSTS - 12,297,456<br />
TOTAL COSTS 657,719,686 439,167,209<br />
SURPLUS FOR THE YEAR 82,784,608 196,176,174
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