2011 Annual Report & Financial Statements - Kengen

More documents

Recommendations

Info

5 Year Statistical Information Financial Statistical Information 92 Financial Ratios 93 Elecricity Sales (Units) 94 Installed Capacity 95 Weighted Factors (%) 96 - 97 Kipevu III Newly cladded engine exhaust ducts KenGen is the leading producer of electricity in Kenya with an installed capacity of 1,181MW, which accounts for 76% of the market share.
5 Year Statistical Information 5 Year Statistical Information KenGen KenGen 92 2011 ANNUAL REPORT & FINANCIAL STATEMENTS (Continued) 2011 ANNUAL REPORT & FINANCIAL STATEMENTS 93 Financial Statistical Information 2007 2008 2009 2010 2011 Elecricity Sales (Units) Units Sold(Gwh’Millions) 4,599 4,818 4,339 3,596 4,933 weighted Average tariff(Kshs/Kwh) 2.36 2.36 2.42 2.42 2.42 Kshs’million Kshs’million Kshs’million Kshs’million Kshs’million Electricity Sales 10,853 11,372 11,518 9,819 13,429 Other revenue 288 177 1,134 1,180 960 11,141 11,548 12,652 10,998 14,389 Operating expenses (8,071) (8,012) (8,247) (8,558) (10,014) 3,070 3,537 4,405 2,440 4,376 Interest and Other income 2,203 340 907 786 1,273 5,273 3,877 5,313 3,226 5,648 Finance costs (554) (798) (756) (741) (1,997) Profit before tax 4,719 3,079 4,556 2,485 3,651 Taxation (2,274) 2,818 (2,485) 802 (1,571) 2,446 5,897 2,071 3,286 2,080 4,599 4,818 4,339 3,596 4,933 Funds Generated from Operations Net income for the year 2,446 5,897 2,071 3,286 2,080 Depreciation 3,446 3,404 3,843 3,829 4,550 Amortization of operating lease 0 0 0 0 32 Currency realignment (1,420) (9) (176) (131) (252) 4,472 9,292 5,738 6,984 6,410 Capital employed Fixed assets less depreciation 87,357 91,822 92,699 102,231 116,786 Operating lease payment 2 1 1 1 1 Treasury Bonds 3,941 3,509 1,546 6,864 9,611 Intangible assets 216 304 544 695 664 Kenya Power -Long term debt 627 702 1,065 1,221 1,473 Kenya Power -Current debt 4,129 4,678 5,195 3,591 7,786 Deferred assets- Recoverable forex - - 4,220 6,705 12,920 Net current assets (1,199) (1,608) 1,807 22,289 496 95,073 99,408 107,077 143,597 149,737 Financed by Share capital 5,496 5,496 5,496 5,496 5,496 Emergency Power 1 - - - - Reserves 58,142 62,629 61,484 65,035 63,923 Deferred tax 15,039 11,464 12,803 12,001 15,032 Prepaid lease 15 13 11 9 7 Retirement Benefits Scheme 339 339 1,490 1,419 1,112 Loan capital 16,041 19,466 25,793 59,637 64,167 95,073 99,408 107,077 143,597 149,737 Capital expenditure 5,357 7,897 4,731 13,361 19,170 Financial Ratios 2007 2008 2009 2010 2011 Income for the year as % of average capital employed Profit before tax, dividend & exceptional items/ Net fixed assets in service 2007 2008 2009 2010 2011 3.23% 3.63% 4.60% 2.10% 1.42% 7.00% 3.35% 4.92% 2.36% 3.13% Return on total assets 3.00% 3.52% 4.89% 2.20% 1.29% Profit before tax, dividend(less exceptional 1.00% 1.11% 3.37% 1.77% 2.44% items)/capital employed Current Ratio 2.00 1.40 2.17 4.68 1.74 Debt Service Coverage Ratio 5.40 4.99 3.90 4.50 2.43 Self Financing Ratio 40% 74% 97% 60% 42%
Page 1 and 2:
59 th ANNUAL REPORT & FINANCIAL STA
Page 3 and 4: Contents Go Green Now In our endeav
Page 5 and 6: KenGen 2011 ANNUAL REPORT & FINANCI
Page 7 and 8: KenGen KenGen 2011 ANNUAL REPORT &
Page 9 and 10: Vision, Mission & Core Values KenGe
Page 11 and 12: Message from the Chairman Ujumbe ku
Page 13 and 14: Barua kutoka kwa Mkurugenzi Mkuu na
Page 15 and 16: Board of Directors Management Team
Page 17 and 18: Executive Performance Overview Exec
Page 19 and 20: Our Strategic Focus Our Strategic F
Page 21 and 22: Corporate Governance Masinga Power
Page 23 and 24: Corporate Governance Corporate Gove
Page 25 and 26: Corporate Governance Corporate Gove
Page 27 and 28: Sustainability Sustainability KenGe
Page 29 and 30: Sustainability Sustainability KenGe
Page 31 and 32: Financials Report of the Directors
Page 33 and 34: Financials (Continued) Financials (
Page 35 and 36: 52 KenGen 2011 ANNUAL REPORT & FINA
Page 37 and 38: Notes to the Financial Statements(C
Page 53: Notes to the Financial Statements(C
Page 57 and 58: KenGen KenGen 96 2011 ANNUAL REPORT
Page 59 and 60: Shareholders’ Diary Shareholders
Page 61 and 62: Shareholders’ Diary Shareholders
Page 63 and 64: Contact Information HEAD OFFICE Sti
show all

2011 Annual Report & Financial Statements - Kengen

Create successful ePaper yourself

Delete template?

Save as template?