Contents - Equity Bank Group

More documents

Recommendations

Info

Cashflow StatementFor the year ended 31st December 2007In millions of Kenya Shillings Note 2007 2006Cash flows from operating activitiesProfit before income tax 2,378 1,103Adjustments for:Depreciation of property and equipment 14 353 242Amortisation of intangible assets 15 70 38Profit on disposal of property and equipment - (2)2,801 1,381Change in loans and advances to customers (10,906) (5,405)Change in other assets (1,329) (1,553)Change in deposits from customers 15,199 7,289Change in other liabilities and provisions 1,004 2026,769 1,914Income tax paid 18 (392 ) (355 )Net cash used in operating activities 6,377 1,559Cash flows from investing activitiesPurchase of investment securities (11,887) (307)Investment in associate 17 (427) -Purchase of property and equipment 14 (1,493) (667)Purchase of intangible assets 14 (133) (109)Proceeds from the sale of property and equipment 2 2Net cash used in investing activities (13,938 ) (1,081 )Cash flows from financing activitiesIncrease in subordinated liabilities 4,033 485Proceeds from issue of new shares 10,996 -Dividends paid 20 (181) (181)Net cash from financing activities 14,848 304Net increase in cash and cash equivalents 7,287 782Cash and cash equivalents at 1 January 21 4,709 3,927Cash and cash equivalents at 31 December 21 11,996 4,709The notes on pages 36 to 66 are an integral part of these financial statements342007 Annual Report and Financial Statements
Statement of Changes in <strong>Equity</strong>For the year ended 31st December 2007In millions of Kenya ShillingsFor the year ended 31 December 2006 Share Share Revenue Statutory Fair value Proposedcapital premium reserves loan reserve reserves dividend TotalAt 1 January 2006 453 480 512 - (33) 181 1,593Profit for the year - - 754 - - - 754Revaluation of treasury bonds - - - - 34 - 34Dividends:Final for 2005 paid - - - - - (181) (181)Proposed for 2006 - - (181) - - 181 -At 31 December 2006 453 480 1,085 - 1 181 2,200For the year ended 31 December 2007At 1 January 2007 453 480 1,085 - 1 181 2,200Capitalisation from share premium 480 (480) - - - - -Capitalisation from revenue reserve 425 - (425) - - - -Share capital issued 453 10,543 - - - - 10,996Profit for the year - - 1,890 - - - 1,890Revaluation of treasury bonds - - - - 12 - 12Statutory loan reserve - - (253) 253 - - -Dividends:Final for 2006 paid - - - - - (181) (181 )Proposed for 2007 - - (543) - - 543 -At 31 December 2007 1,811 10,543 1,754 253 13 543 14,917The notes on pages 36 to 66 are an integral part of these financial statements.2007 Annual Report and Financial Statements 35
Page 3: Notice of Annual General MeetingNot
Page 6: Chairman’s Statement continued“
Page 9 and 10: Taarifa ya Mwenyekiti inaendeleaZai
Page 11 and 12: Ceo’s Statement“ … the annual
Page 13 and 14: Taarifa ya Afisa Mkuu na Mkurugenzi
Page 16 and 17: Financial HighlightsGROWTH IN GROSS
Page 18 and 19: Key AchievementsAugust 2007 - Our u
Page 21 and 22: Statement on Corporate Social Respo
Page 23 and 24: Board of DirectorscontinuedPeter Ga
Page 25 and 26: Senior ManagementPeter Makau, Direc
Page 27 and 28: Ripoti ya WakurugenziKwa mwaka ulio
Page 30 and 31: Statement of Directors Responsibili
Page 33: Balance SheetAs at 31st December 20
Page 37 and 38: Notes to the Financial StatementsFo
Page 53: Notes to the Financial StatementsFo
Page 58: Notes to the Financial StatementsFo
Page 67 and 68: Countrywide Branch NetworkHEAD OFFI
Page 69 and 70: Notes / Maelezo2007 Annual Report a
Page 71 and 72: Proxy FormThe Company SecretaryEqui

Contents - Equity Bank Group

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?