CONTENTS - Investing In Africa

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STATEMENT OF CHANGES IN EQUITY OF THE BANK for the year ended 31st December 2007 SHARE REVENUE REVALUATION SHARE Proposed CAPITAL RESERVE RESERVE PREMIUM DIVIDEND Total KShs’000 KShs’000 KShs’000 KShs’000 KShs’000 KShs’000 At 1 January 2006 1,996,000 3,921,402 933,575 2,319,764 798,400 9,969,141 Dividend paid – 2005 - - - - (798,400 ) (798,400 ) Proposed dividend – 2006 - (1,197,600 ) - - 1,197,600 - Realised on disposal - - (347,647 ) - - (347,647 ) Change in value of available for sale investments - - 302,863 - - 302,863 Profit for the year - 2,354,679 - - - 2,354,679 At 31 December 2006 1,996,000 5,078,481 888,791 2,319,764 1,197,600 11,480,636 At 1 January 2007 1,996,000 5,078,481 888,791 2,319,764 1,197,600 11,480,636 Dividend paid-2006 - - - - (1,197,600 ) (1,197,600 ) Proposed dividend-2007 - (1,397,200 ) - - 1,397,200 - Change in value of available for sale investments - - (143,220 ) - - (143,220 ) Profit for the year - 2,706,576 - - - 2,706,576 At 31 December 2007 1,996,000 6,387,857 745,571 2,319,764 1,397,200 12,846,392 KCB ANNUAL REPORT & FINANCIAL STATEMENTS 2007 40
CONSOLIDATED CASH FLOW STATEMENT for the year ended 31st December 2007 2007 2006 Note KShs’000 KShs’000 NET CASH FLOWS FROM OPERATING ACTIVITIES 28(a) 2,395,523 1,865,848 Taxation recovered 231,708 - Taxation paid (92,764 ) (64,778 ) 138,944 (64,778 ) INVESTING ACTIVITIES Proceeds from disposal of property, equipment and leasehold land 162,876 52,696 Proceeds from disposal of available for sale investments - 497,256 Purchase of intangible assets (176,987) (38,902) Purchase of property and equipment (1,139,830) (1,237,267) Purchase of a corporate bond (100,000) - Net cash flows used in investing activities (1,253,941 ) (726,217 ) FINANCING ACTIVITIES Lines of credit (14,475 ) (44,398 ) Dividends paid (1,197,600 ) (798,400 ) Net cash flows used in financing activities (1,212,075 ) (842,798 ) INCREASE IN CASH AND CASH EQUIVALENTS 68,451 232,055 EFFECTS OF EXCHANGE RATE CHANGES ON OPENING NET INVESTMENT IN FOREIGN ENTITIES (49,398) (50,379) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 18,793,852 18,612,176 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 28(b) 18,812,905 18,793,852 KCB ANNUAL REPORT & FINANCIAL STATEMENTS 2007 41
Page 1 and 2: CONTENTS Group Information ........
Page 3 and 4: FIVE YEAR PERFORMANCE ANALYSIS EARN
Page 5 and 6: NOTICE OF THE 37 TH ANNUAL GENERAL
Page 7 and 8: BOARD OF DIRECTORS Standing: left t
Page 9 and 10: DIRECTORS OF SUBSIDIARIES Standing:
Page 11 and 12: CHAIRMAN’S COMMENTARY The KCB Gro
Page 13 and 14: CHAIRMAN’S COMMENTARY continued D
Page 15 and 16: TAARIFA YA MWENYEKITI KCB ilikuwa n
Page 17 and 18: TAARIFA YA MWENYEKITI kuendelea KCB
Page 19 and 20: CEO’s COMMENTARY Profit before ta
Page 21 and 22: CEO’s COMMENTARY continued TEAM B
Page 23 and 24: TAARIFA YA MKURUGENZI MKUU kuendele
Page 25 and 26: REPORT OF THE DIRECTORS The directo
Page 27 and 28: STATEMENT OF DIRECTORS’ RESPONSIB
Page 29 and 30: CORPORATE GOVERNANCE STATEMENT cont
Page 31 and 32: COMMUNITY SOCIAL DEVELOPMENT REPORT
Page 33 and 34: REPORT OF THE INDEPENDENT AUDITORS
Page 35 and 36: CONSOLIDATED BALANCE SHEET as at 31
Page 37 and 38: BALANCE SHEET OF THE BANK as at 31s
Page 39: CONSOLIDATED STATEMENT OF CHANGES I
Page 43 and 44: NOTES TO THE FINANCIAL STATEMENTS c
Page 77 and 78: PROXY FORM THE SECRETARY KENYA COMM

CONTENTS - Investing In Africa

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