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

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Notes to the Financial Statements for the year ended 31 Dec 2011 - Continued SCHEDULE OF OTHER INCOME AND EXPENDITURE 2011 2010 1. OTHER INCOME Shs Shs Interest income 214,417 1,158,737 (Loss)/gain on disposal of fixed assets (20,270) 39,424 Foreign exchange gain 340,813 - Total other income 534,960 1,198,161 2. ADMINISTRATIVE EXPENSES Employment: Salaries and wages 213,791,496 214,797,521 Medical scheme 22,020,704 18,066,727 Pension costs-Defined contribution plan 18,952,722 18,191,023 Nightout allowances 10,932,075 8,550,677 Casual labour and overtime 7,662,240 4,633,290 Staff welfare and development 5,181,153 3,371,694 Staff Insurance 3,448,794 3,517,672 NSSF 595,800 567,400 Bonuses 900,130 - Total employment costs 283,485,114 271,696,004 Other administration expenses: Directors remunerations 26,685,000 24,540,000 Traveling expenses 22,643,987 16,482,455 Provision for doubtful debts - 3,086,865 Cleaning services 13,201,200 11,256,264 Postage and telephone 9,046,424 9,470,381 General office expenses 9,921,749 9,546,097 Bank charges and interest on overdraft 9,166,763 7,585,521 Council expenses 7,853,298 7,897,116 Motor vehicle expenses 2,012,860 2,655,788 Entertainment 4,966,092 4,349,810 Subscriptions 1,673,637 464,050 Legal and secretarial expenses 1,661,246 631,620 Audit fees 1,019,763 460,000 Corporate social responsibility 923,866 1,096,522 Student Welfare & Alumni 811,470 495,051 Total other administration expenses 111,587,355 100,017,540 Total administration expenses 395,072,469 371,713,544 3. OTHER OPERATING EXPENSES Establishment: Rent and rates 128,568,969 101,048,808 Depreciation and property, plant and equipment 35,440,181 28,432,412 Security expenses 10,687,903 9,210,475 Light and water 6,788,925 5,952,090 Repairs and maintenance 4,336,276 4,032,070 Trade license 2,453,785 1,583,597 Property and general insurance 2,470,072 1,321,606 Amortization of intangle assets 1,814,082 2,021,138 Amortization of operating lease rentals - 3,814 192,560,193 153,606,010 46 Annual Report and Audited Financial Statements 2011
Total Turnover 2007 - 2011 in Kshs millions 1200 1000 800 600 472 592 793 961 1054 400 200 0 2007 2008 2009 2010 2011 Total Reserves 2007-2011 in Kshs millions 800 729 600 400 200 177 258 328 412 0 2007 2008 2009 2010 2011 Annual Report and Audited Financial Statements 2011 47
Page 1 and 2: Annual Report and Audited Financial
Page 3 and 4: Table of Contents KIM Officials 2 N
Page 5 and 6: Notice of the Annual General Meetin
Page 7 and 8: Minutes of the 45th Annual General
Page 13 and 14: I am glad to present to you the Ins
Page 15 and 16: Corporate Information (Continued) P
Page 17 and 18: Corporate Governance Report The Gen
Page 19 and 20: CSR REPORT 2011 Corporate Social Re
Page 21 and 22: ORGANISATIONAL PERFORMANCE INDEX (O
Page 23 and 24: Independent Auditor’s Report To t
Page 25 and 26: OUR BELIEF, A BETTER KENYA OUR DREA
Page 27 and 28: Statement of Financial Position for
Page 29 and 30: Statement of Cash Flows for the yea
Page 31 and 32: Notes to the Financial Statements f
Page 45: Notes to the Financial Statements f
Page 49 and 50: cut here Proxy Form THE 46th ANNUAL
Page 51 and 52: Annual Report and Audited Financial

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