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BOB_2017_SMALL

NOTES TO THE FINANCIAL

NOTES TO THE FINANCIAL STATEMENTS 24. Property and Equipment 2017 2016 Cost / Accumulated Carrying value Cost / Accumulated Carrying value Valuation depreciation Valuation depreciation Buildings 38,240 (7,927) 30,313 35,235 (5,563) 29,672 Furniture and fittings 187,253 (96,821) 90,432 172,343 (80,285) 92,058 Motor vehicles 32,431 (26,452) 5,979 31,306 (24,459) 6,847 Computer and electronic equipment 170,835 (163,447) 7,388 165,690 (153,137) 12,553 Leasehold improvements 194,326 (103,840) 90,486 178,492 (96,809) 81,683 total 623,085 -398,487 224,598 583,066 -360,253 222,813 reconciliation of property and equipment - 2017 Opening Additions Disposals Depreciation Total balance Buildings 29,672 24,112 - (23,471) 30,313 Furniture and fittings 92,057 33,363 (306) (34,682) 90,432 Motor vehicles 6,847 - - (868) 5,979 Computer and electronic equipment 12,553 11,975 - (17,140) 7,388 Leasehold improvements 81,684 14,199 - (5,397) 90,486 222,813 83,649 (306) (81,558) 224,598 reconciliation of property and equipment - 2016 Opening Additions Disposals Depreciation Total balance Buildings 6,004 24,112 - (444) 29,672 Furniture and fittings 71,932 33,363 (306) (12,932) 92,057 Motor vehicles 9,131 0 - (2,284) 6,847 Computer and electronic equipment 14,329 11,975 - (13,751) 12,553 Leasehold improvements 82,203 13,737 - (14,256) 81,684 183,599 83,187 (306) (43,667) 222,813 In the opinion of management, there is no impairment in the value of property and equipment. 2017 2016 25 deferred tax Kshs '000 Kshs '000 deferred tax asset / (liability) Deferred tax 69,694 53,482 reconciliation of deferred tax asset (liability) At beginning of the year 53,482 47,033 Accelerated capital allowances 4,035 7,230 Provisions 12,177 (4,997) Prior year underprovision - 4,216 69,694 53,482 52

NOTES TO THE FINANCIAL STATEMENTS ANNUAL REPORT AND FINANCIAL STATMENTS 2017 25. Deferred Tax 2017 2016 Kshs '000 Kshs '000 deferred tax asset / (liability) Deferred tax 69,694 53,482 reconciliation of deferred tax asset (liability) At beginning of the year 53,482 47,033 Accelerated capital allowances 4,035 7,230 Provisions 12,177 (4,997) Prior year underprovision - 4,216 69,694 53,482 Recognition of deferred tax asset / liability. Deferred tax is calculated on all temporary differences under the liability method using a principal tax rate of 30% (2016: 30%) 26. Customer deposits 2017 2016 Kshs '000 Kshs '000 26 customer deposits Savings Deposits 8,168,924 7,725,509 Current Deposits 5,610,441 4,817,119 Term deposits 59,225,520 52,330,976 73,004,885 64,873,604 analysis of customer deposits by maturity Payable within 90 days 54,136,747 58,398,436 Payable after 90 days and within one year 18,185,380 6,088,955 Payable after one year 682,758 386,213 73,004,885 64,873,604 The economic sector concentrations within the customer deposits portfolio were as follows: 2017 2017 2016 2016 kshs % kshs % Non profit institutions and individuals 58,715,537 80.43% 53,497,600 82.46% Private companies 13,815,935 18.92% 10,579,155 16.31% Insurance companies 473,413 0.65% 796,849 1.23% 73,004,885 100% 64,873,604 100% 53