Annual Report and Audited Financial Statements 2011 - The Kenya ...

Statement of Financial Position
for the year ended 31 Dec 2011 - Continued
As at 31
December
Restated
Note 2011 2010 2009
RESERVES Shs Shs Shs
Accumulated surplus 460,945,200 390,158,464 315,149,189
Special reserves 20,443,899 22,629,619 13,022,200
Revaluation Reserve 248,046,360 - -
Members funds 729,435,459 412,788,083 328,171,389
REPRESENTED BY
Non-current assets
Property, plant and equipment 6 498,963,811 220,657,568 197,111,074
Prepaid operating lease rentals 7 - - -
Intangible assets 8 4,232,858 4,715,987 4,599,080
Organizational performance index (OPI) 9 7,149,190 5,949,934 5,850,000
Investment in MUA 10 82,208,576 14,271,283 -
592,554,435 245,594,772 207,560,154
Current assets
Trade and other receivables 11 320,032,268 265,036,322 174,816,607
Cash and cash equivalents 12 11,478,794 48,788,734 57,045,776
331,511,062 313,825,056 231,862,383
Current liabilities
Trade and other payables 13 127,592,325 84,140,488 71,784,375
Provisions and accruals 14 3,743,039 1,774,668 2,831,150
Bank overdraft 15 63,294,674 60,716,589 36,635,623
194,630,038 146,631,745 111,251,148
Net current assets 136,881,024 167,193,311 120,611,235
729,435,459 412,788,083 328,171,389
The financial statements on pages 7 to 23 were authorised for issue by the Board of Directors on
______________________2012 and were signed on its behalf by:
_____________________
COUNCIL MEMBER
___________________
COUNCIL MEMBER
The significant accounting policies on pages 29 to 33 and the notes on pages 34 to 43 form an integral part of the
financial statements.
Report of the independent auditor - pages 21 and 22.
Annual Report and Audited Financial Statements 2011 27