2012 TPSEA Annual Report - Serena Hotels

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Company Statement of Financial Position for the year ended 31 December 2011 Notes 2011 2010 Shs’000 Shs’000 Equity Share capital 12 148,211 148,211 Share premium 12 3,032,431 3,032,431 Retained earnings 615,953 588,727 Proposed dividends 11 192,674 185,264 Total equity 3,989,269 3,954,633 Non-current assets Investment in subsidiaries 21 2,799,623 2,799,623 Investment in associates 22 636,958 - Available-for-sale financial asset 17 - 216,251 Non-current receivable 19 - 141,575 3,436,581 3,157,449 Current assets Receivables and prepayments 23 565,301 79,404 Cash and cash equivalents 24 1,853 723,540 567,154 802,944 Current liabilities Payables and accrued expenses 25 4,881 5,760 Current income tax 9,585 - 14,466 5,760 Net current assets 552,688 797,184 3,989,269 3,954,633 The financial statements on pages 33 to 81 were approved for issue by the board of directors on 14 March <strong>2012</strong> and signed on its behalf by: Mr. Francis Okomo - Okello Chairman Mr. Mahmud Jan Mohammed Managing Director 38 TPS EASTERN AFRICA LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS 2011
Consolidated Statement of Changes in Equity for the year ended 31 December 2010 Year ended 31 December 2010 Notes Share Share Revaluation Translation Retained Proposed Non controlling Total capital premium reserves reserves earnings dividends interest Shs’000 Shs’000 Shs’000 Shs’000 Shs’000 Shs’000 Shs’000 Shs’000 At start of year 105,865 1,906,676 687,471 (114,995) 1,371,235 132,331 - 4,088,583 Comprehensive income for the year Profit for the year - - - - 531,053 - (14,669) 516,384 Other comprehensive income: Revaluation surplus - - 2,577,570 - - - - 2,577,570 Deferred income tax on revaluation 15 - - (773,272) - - - - (773,272) Currency translation differences - - - (42,888) - - - (42,888) Transfer of excess depreciation to retained earnings - - (26,284) - 26,284 - - - Deferred income tax on transfer 15 - - 7,885 - (7,885) - - - Total other comprehensive income - - 1,785,899 (42,888) 18,399 - - 1,761,410 Total comprehensive income for the year - - 1,785,899 (42,888) 549,452 - (14,669) 2,277,794 Transactions with owners On acquisition of subsidiary 27 - - - - - - 111,882 111,882 Bonus issue of shares 12 17,644 - - - (17,644) - - - Rights issue of shares 12 24,702 1,125,755 - - - - - 1,150,457 Dividends: - final for 2009 paid 11 - - - - - (132,331) - (132,331) - proposed for 2010 11 - - - - (185,264) 185,264 - - 42,346 1,125,755 - - (202,908) 52,933 111,882 1,130,008 At end of year 148,211 3,032,431 2,473,370 (157,883) 1,717,779 185,264 97,213 7,496,385 TPS EASTERN AFRICA LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS 2011 39
Page 1: 2011 Annual Report and Accounts
Page 4 and 5: Directors and Administration BOARD
Page 6 and 7: Operating Subsidiaries and Properti
Page 8 and 9: Notice of Annual General Meeting No
Page 10 and 11: Chairman’s Statement Mr. Francis
Page 12 and 13: Chairman’s Statement (continued)
Page 14 and 15: Taarifa ya Mwenyekiti (kuendelea) u
Page 16 and 17: The Managing Director’s Report Mr
Page 18 and 19: The Managing Director’s Report (c
Page 20 and 21: Taarifa kutoka kwa Meneja Mkurugenz
Page 22 and 23: Board of Directors 1 MR. FRANCIS OK
Page 24 and 25: Corporate Governance Statement The
Page 26 and 27: Corporate Governance Statement (con
Page 28 and 29: Corporate Social Responsibility At
Page 30 and 31: Charitable Donations Serena and its
Page 32 and 33: Directors’ Report The Directors s
Page 34 and 35: Report of the Independent Auditor t
Page 36 and 37: Consolidated Statement of Comprehen
Page 40 and 41: Consolidated Statement of Changes i
Page 42 and 43: Company Statement of Changes in Equ
Page 44 and 45: Notes to the Financial Statements 1
Page 46 and 47: Notes to the Financial Statements (
Page 84 and 85: Notes
Page 86: FOLD 1 / KUNJA 1 Please afix Stamp

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