Annual Financial Report 2005 - Amref
Annual Financial Report 2005 - Amref
Annual Financial Report 2005 - Amref
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14.0 Taxation<br />
Taxation is not provided for in these financial statements. The Foundation is exempt from income taxation in Kenya in recognition of its<br />
charitable status under paragraph 10 of First Schedule of the Income Tax Act (Cap.470).<br />
15.0 Operating Lease<br />
Operating lease rentals are payable as follows:<br />
<strong>2005</strong> 2004<br />
US$’000 US$’000<br />
Tenancy:<br />
Less than 1 year 77 49<br />
Between one and five years 61 14<br />
More than five years - -<br />
16.0 Currency<br />
The financial statements are presented in United States of America dollars (US$).<br />
Page 17<br />
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