Annual REPORT
2015-Annual-Report-Financial-Statements
2015-Annual-Report-Financial-Statements
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ANNUAL <strong>REPORT</strong> AND FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2015<br />
CONSOLIDATED AND BANK STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2015<br />
Group<br />
Bank<br />
2015 2014 2015 2014<br />
Note Sh’000 Sh’000 Sh’000 Sh’000<br />
ASSETS<br />
Cash balances with Central Bank of Kenya 13 6,167,092 5,532,611 6,167,092 5,532,611<br />
Balances due from banking institutions 14(a) 4,892,358 7,378,051 4,892,358 7,378,051<br />
Government securities held to maturity 15(a) 7,246,561 5,901,181 7,183,394 5,901,181<br />
Government securities available for sale 15(b) 443,222 150,000 443,222 150,000<br />
Loans and advances to customers 16 55,853,882 37,925,476 55,853,882 37,925,476<br />
Corporate bonds 18(a) 936,410 554,830 936,410 554,830<br />
Commercial paper 18(b) 631,916 700,000 631,916 700,000<br />
Other assets 19 1,346,593 1,001,555 1,325,075 982,802<br />
Investment in subsidiary 20 - - 1,000 1,000<br />
Investment properties 21(a) 18,200 127,400 18,200 127,400<br />
Non-Current Assets Held For Sale 21(b) 90,000 - 90,000 -<br />
Property and equipment 22 3,175,595 2,083,099 3,169,489 2,080,202<br />
Intangible assets 23 318,801 317,620 317,625 316,530<br />
Prepaid operating lease rentals 24 157,969 162,580 157,969 162,580<br />
Deferred tax 29 2,767 - 2,582 -<br />
______________ _______________ ______________ ______________<br />
TOTAL ASSETS 81,281,366 61,834,403 81,190,214 61,812,663<br />
============= ============= ============= =============<br />
LIABILITIES AND SHAREHOLDERS’ FUNDS<br />
LIABILITIES<br />
Balances due to banking institutions 14(b) 131,643 209,291 131,643 209,291<br />
Customer deposits 25 62,710,859 47,136,480 62,730,867 47,186,425<br />
Taxation payable 11(c) 30,441 222,608 36,951 221,971<br />
Borrowings 26 5,587,720 2,900,335 5,587,720 2,900,335<br />
Other liabilities 27 750,135 658,113 747,662 655,819<br />
Unclaimed dividends 28(a) 28,589 12,587 28,589 12,587<br />
Deferred tax liability 29 - 5,427 - 5,582<br />
_____________ _____________ _____________ _____________<br />
TOTAL LIABILITIES 69,239,387 51,144,841 69,263,432 51,192,010<br />
_____________ _____________ _____________ _____________<br />
SHAREHOLDERS’ FUNDS<br />
Share capital 30 1,245,186 1,245,186 1,245,186 1,245,186<br />
Share premium 30 5,062,519 5,063,676 5,062,519 5,063,676<br />
Revaluation surplus 76,823 78,956 76,823 78,956<br />
Fair Value reserve (6,778) - (6,778) -<br />
Retained earnings 5,136,745 3,944,241 5,021,548 3,875,332<br />
Statutory reserve 527,484 357,503 527,484 357,503<br />
______________ ______________ ______________ ______________<br />
TOTAL SHAREHOLDERS’ FUNDS 12,041,979 10,689,562 11,926,782 10,620,653<br />
______________ ______________ _______________ _____________<br />
TOTAL LIABILITIES AND<br />
SHAREHOLDERS’ FUNDS 81,281,366 61,834,403 81,190,214 61,812,663<br />
========= ========= ========= =========<br />
The financial statements on pages 38 to 100 were approved and authorised for issue by the Board of Directors on 29th March 2016 and were signed on its behalf by:<br />
______________________<br />
Chairman<br />
_____________________<br />
Managing Director<br />
______________________<br />
Director<br />
_____________________<br />
Company Secretary<br />
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