Vol. CXXVI No. 81
Showing 201–210 of 259 notices
GAZETTE NOTICE NO. 7130
THE WATER ACT (No. 43 of 2016)
GAZETTE NOTICE NO. 7131
THE YEAR ENDED 30TH JUNE, 2023 (1) STATEMENT OF CHANGES IN NET ASSETS FOR THE YEAR ENDED ON 30TH JUNE, 2023 2023 FY 2022 FY KSh. KSh. Dealings with Members Contributions Receivable 26,873,595,651 15,915,480,093 Benefits Payable (6,675,201,681) (5,430,388,800) Net Surplus from dealings with members 20,198,393,970 10,485,091,293 Return on Investments Investment Income 30,968,154,051 26,817,167,282 Fair value gain/(loss) on revaluation of Investments (18,436,442,556) (29,202,140,726) Gain/(loss) on realization of investments 457,177,114 (151,199,468) Investment Management Expenses (653,178,520) (615,789,515) Net Return on Investment 12,335,710,089 (3,151,962,427) Other Income 540,655,817 753,433,329 Total Net Income 12,876,365,906 (2,398,529,097) Less: Operating Cost Staff cost 4,074,790,734 3,839,298,069 General administrative cost 2,134,852,885 2,639,450,386 Provisions 466,149,601 371,576,471 Total operating cost 6,675,793,219 6,850,324,926 Increase in net assets for the year 26,398,966,657 1,236,237,270 As previously reported 285,722,864,940 284,486,627,670 As restated 285,722,864,940 284,486,627,670 Net Assets as at 30th June, 2023 312,121,831,596 285,722,864,940 (II) STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED 30TH JUNE, 2023 2023 FY 2022 FY KSh. KSh. Assets Cash and bank balances 1,197,423,167 1,019,225,791 Call and Fixed Deposits 14,930,219,070 10,087,418,200 Government Securities-(Treasury bills) 1,212,194,817 1,626,492,637 Government Securities-(Treasury bonds) 186,564,962,441 161,196,499,180 Corporate bonds 1,741,965,721 1,752,204,250 Accrued Income 7,583,682,198 6,733,192,058 Stores and Supplies 31,246,635 12,860,566 Receivables and Prepayments 6,580,672,946 7,465,104,760 Staff Loans 173,452,400 189,975,157 TPS Loans 2,700,512,336 3,103,258,402 Staff Mortgage Scheme 1,281,238,196 1,258,167,866 Unquoted Stocks 787,911,498 466,465,299 Quoted Stocks 52,986,064,443 57,804,630,700 Investment property 35,535,225,456 35,414,340,317 Assets under construction 39,978,685 154,985,746 Property, plant and equipment 594,966,394 1,030,556,216 313,941,716,403 289,315,377,146 Liabilities Payables and accruals (1,819,884,806) (3,592,512,207) THE KENYA GAZETTE 7th June, 2024 2160 2023 FY 2022 FY KSh. KSh. Net Assets 312,121,831,596 285,722,864,940 Represented By Fund Balance 312,121,831,596 285,722,864,940 (III) STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 30TH JUNE, 2023 2023 FY 2022 FY KSh. KSh. Cash Flows from Operating Activities Net increase in assets 26,398,966,657 1,236,237,270 Adjustments: Depreciation on ppe 218,029,304 231,286,437 Amortization of intangible assets 278,592,778 244,759,167 Increase/(decrease) in provisions 466,149,601 371,576,471 Fair value gain/(loss) on revaluation 18,436,442,556 29,202,140,726 Operating surplus/(deficit) before working capital changes 45,798,180,894 31,286,000,071 Changes in Working Capital: Decrease/(increase) in inventories (18,386,069) 66,444,306 Decrease/(increase) in debtors and prepayments 884,431,813 (3,392,143,527) Decrease/(increase) in accrued income (850,490,140) (1,920,843,314) Increase/(decrease) in payables and accruals (1,772,627,400) 2,160,821,059 Net Working capital changes (1,757,071,795) (3,085,721,476) Net cash flows generated from operating activities 44,041,109,099 28,200,278,596 Cash Flows from Investing Activities: Placement/withdrawal of deposits with financial institutions (4,865,871,200) (1,748,844,235) Purchase/sale or redemption of Treasury bills 414,297,820 (416,095,837) Purchase/sale or redemption of Treasury bonds (33,457,681,266) (17,205,890,335) Purchase/sale or redemption of corporate bonds 10,853,463 (846,970,105) Purchase/sale of unquoted equities (514,600,495) (21,260,662) Purchase/sale of quoted equities (5,257,139,878) (7,649,782,437) Purchase, development/sale of land and buildings 273,114,862 303,227,625 Assets under construction (25,775,191) (490,053,193) Purchase/sale of property, plant and equipment (283,038,526) (283,038,526) Receipts from TPS and other loans (157,071,311) 606,653,922 Net cash flows from investing activities (43,862,911,723) (27,752,053,783) Net increase/(decrease in cash and cash equivalents 178,197,376 448,224,813 Cash and cash equivalents as at 1st July 1,019,225,791 571,000,978 Cash and cash equivalents as at 30th June, 2023 1,197,423,167 1,019,225,791 iv) KEY HIGHLIGHTS 1) Growth in Net Assets Net Assets grew by 9.2% (KSh. 26.4 billion) to close the year at KSh. 312.12 billion compared to KSh. 284.72 billion in 2022. 2) Contributions Member contributions grew by 69% (KSh. 10.96 billion) to close the year at KSh. 26.87 billion compared to KSh. 15.92 billion in 2022 on account of enhanced contributions. 3) Return on investment During the year under review the fund recorded a net return on investment of KSh. 12.34 billion compared to a net negative return of KSh. 3.15 billion in 2022, registering a growth of 491% on account of improved market performance and investment of surplus funds from contributions received during the year. 4) Interest on Members’ Funds Section 2 of the National Social Security Fund Act
GAZETTE NOTICE NO. 7132
THE CONSTITUTION
GAZETTE NOTICE NO. 7133
THE CONSTITUTION
GAZETTE NOTICE NO. 7134
THE COUNTY GOVERNMENTS ACT (No. 17 of 2012)
GAZETTE NOTICE NO. 7135
THE COUNTY GOVERNMENTS ACT (No. 17 of 2012)
GAZETTE NOTICE NO. 7136
THE CONSTITUTION (No. 17 of 2012)
GAZETTE NOTICE NO. 7137
THE CONSTITUTION (No. 17 of 2012)
GAZETTE NOTICE NO. 7138
THE SURVEY ACT (Cap. 299)
GAZETTE NOTICE NO. 7139
THE POLITICAL PARTIES ACT (No. 11 of 2011)