GAZETTE NOTICE NO. 9775

THE SACCO SOCIETIES REGULATORY AUTHORITY (SASRA) AUDITED FINANCIAL STATEMENTS AS AT 30TH JUNE, 2025 STATEMENT OF CASH FLOWS AS AT 30TH JUNE 2025 Restated 2024-2025 2023-2024 2023-2024 Revenue KSh. KSh. KSh. Levies 639,248,886 638,196,678 638,196,678 Licenses Fees 27,985,018 27,280,099 27,280,099 667,233,903 665,476,777 665,476,777 Expenditure Use of goods and services 201,858,474 263,088,158 261,736,360 Employee costs 323,878,608 280,103,372 285,076,178 Board Expenses 28,084,624 29,742,685 29,742,685 Depreciation and amortization expense 48,240,884 87,710,643 87,710,643 Repairs and maintenance 3,421,724 4,420,320 4,487,193 Total Expenses 605,484,314 665,065,178 668,753,059 Other gains/(losses) Gain on sale of asset 658,000 Surplus for the period 62,407,590 411,599 (3,276,282) Remission to the Exchequer 56,166,831 - - Net surplus for the Period 6,240,759 411,599 (3,276,282) STATEMENT OF FINANCIAL POSITION AS AT 30TH JUNE 2025 Restated 2024-2025 2023-2024 2023-2024 ASSETS Notes Current Assets KSh. KSh. KSh. Cash and Cash Equivalents 14(a) 433,570,982 276,432,475 276,432,475 Receivable from Non-Exchange transactions 15 21,537,362 92,384,499 92,185,599 Total Current Assets 455,108,344 368,816,975 368,618,074 Non-current Assets Property, plant and equipment 16(a) 62,237,422 104,262,430 104,262,430 Intangible assets 16(b) 11,956,221 6,922,500 6,922,500 Staff Mortgage 17 118,254,879 90,549,039 90,549,039 Total Non-current Assets 192,448,521 201,733,969 201,733,969 Total Assets 647,556,865 570,550,944 570,352,043 26th June, 2026 THE KENYA GAZETTE LIABILITIES Current Liabilities Trade and other payables 18 83,619,816 22,006,664 20,656,736 Provisions 19 9,100,932 487,200 5,326,106 Total current Liabilities 92,720,746 22,493,864 25,982,845 NET ASSETS 554,836,118 548,057,079 544,369,201 Represented by Capital Reserves 20 800,005,824 799,467,544 799,467,546 Accumulated surplus/deficit 21 (258,169,706) (264,410,465) (268,098,345) Revaluation 22 13,000,000 13,000,000 13,000,000 NET ASSETS 554,836,118 548,057,079 544,369,201 STATEMENT OF CASH FLOWS AS AT 30TH JUNE 2025 Notes 2024-2025 2023-2024 Cash flows from operating activities KSh. KSh. Receipts Levies - Sacco Deposits 6(b) 708,153,336 561,744,010 License application fees 7 27,985,018 27,280,099 Total Receipts 736,138,354 589,024,109 Payments Use of goods and services 8(b) 151,635,164 235,758,099 Rent paid 8(‘c) 42,834,304 41,126,866 Employee Expenses 9(b) 315,264,875 287,967,114 Board Expenses 10 28,084,624 29,742,685 Repairs and maintenance 12 3,421,724 4,487,193 Total Payments 541,240,690 599,081,957 Net cash flows from operating activities 23 194,897,664 (10,057,848) Cash flows from Investing Activities Proceeds from sale of asset 13 658,000 - Purchase of property, plant, equipment and intangibles 16 (2,984,000) (17,947,124) Work in Progress 16 (8,265,597) (6,270,000) Staff Mortgage 17 (27,705,840) (45,132,574) Net cash flows used in investing activities (38,297,437) (69,349,698) Cash flows from Financing Activities Transfer to Capital 20 538,280 1,000,425 Net cash flows used in financing activities 538,280 1,000,425 Net increase/(decrease) in cash and cash equivalents 157,138,505 (78,407,118) Cash and cash equivalents b/f 276,432,476 354,839,594 Cash and cash equivalents at 30 JUNE 2025 433,570,982 276,432,476 Restated 2024-2025 2023-2024 2023-2024 ASSETS Notes Current Assets KSh. KSh. KSh. Cash and Cash Equivalents 14(a) 433,570,982 276,432,475 276,432,475 Receivable from Non-Exchange transactions 15 21,537,362 92,384,499 92,185,599 Total Current Assets 455,108,344 368,816,975 368,618,074 Non-current Assets Property, plant and equipment 16(a) 62,237,422 104,262,430 104,262,430 Intangible assets 16(b) 11,956,221 6,922,500 6,922,500 Staff Mortgage 17 118,254,879 90,549,039 90,549,039 Total Non-current Assets 192,448,521 201,733,969 201,733,969 Total Assets 647,556,865 570,550,944 570,352,043 LIABILITIES Current Liabilities Trade and other payables 18 83,619,816 22,006,664 20,656,736 Provisions 19 9,100,932 487,200 5,326,106 Total current Liabilities 92,720,746 22,493,864 25,982,845 NET ASSETS 554,836,118 548,057,079 544,369,201 Represented by Capital Reserves 20 800,005,824 799,467,544 799,467,546 Accumulated surplus/deficit 21 (258,169,706) (264,410,465) (268,098,345) Revaluation 22 13,000,000 13,000,000 13,000,000 NET ASSETS 554,836,118 548,057,079 544,369,201 3178 3178 STATEMENT OF CHANGES IN NET ASSETS FOR THE PERIOD ENDED 30TH JUNE 2025 Capital fund Retained earnings Revaluation Reserve Total Balance as at 30th June 2022 796,243,608 (268,298,767) 13,000,000 540,944,838 Surplus/Deficit for the period - (5,355,923) (5,355,923) Prior year adjustments 8,832,626 8,832,626 Interest on Staff Car loan and Mortgage 2,223,513 2,223,513 Balance as at 30th June 2023 798,467,121 (264,822,064) 13,000,000 546,645,054 Surplus/Deficit for the period - (3,276,281) (3,276,281) Interest on Staff Car loan and Mortgage 1,000,425 1,000,425 Prior year adjustments 3,687,880.24 3,687,880 Balance as at 30th June 2024 799,467,544 (264,410,464) 13,000,000 548,057,079 Interest on Staff Car loan and Mortgage 538,280 - - 538,280 Surplus/Deficit for the period 62,407,590 - 62,407,590 90% Surplus due to Exchequer (56,166,831) (56,166,831) Balance as at 30th June 2025 800,005,824 (258,169,705) 13,000,000 554,836,118 STATEMENT OF COMPARISON OF BUDGET AND ACTUAL AMOUNTS AS AT 30TH JUNE 2025 Original Approved Budget Adjustments Final Budget Actual on comparable basis Performance difference % of Utilization Notes Revenue: KSh. KSh. KSh. KSh. KSh. % Deposit Levy 697,058,000 (57,809,115) 639,248,885 639,248,886 (1) 100% License fees and application fees 27,173,000 640,017 27,813,017 27,985,018 (172,001) 101% Other Income - 658,000 658,000 658,000 Total Recurrent 724,231,000 (56,511,098) 667,719,902 667,891,903 (172,001) Development Revenue Rolled over RBSS Fund 102,485,896 - 102,485,896 102,485,896 - 100% RBSS and Performance security 20,842,287 - 20,842,287 - 20,842,287 0% (a) Sub Total 123,328,183 - 123,328,183 102,485,896 20,842,287 (A) Total Recurrent and Development Revenue 847,559,183 (56,511,098) 791,048,085 770,377,799 20,670,286 Recurrent Expenditure Use of goods and services 104,725,122 115,343,216 220,068,338 201,858,474 18,209,864 92% Employee costs 292,249,454 34,399,256 326,648,710 323,878,608 2,770,102 99% Board Expenses 21,871,800 7,570,627 29,442,427 28,084,624 1,357,804 95% Depreciation and amortization expense - - 48,240,884 (48,240,884) Repairs and maintenance 300,000 3,165,092 3,465,092 3,421,724 43,368 99% Total Recurrent Expenditure 419,146,376 160,478,191 579,624,567 605,484,314 (25,859,747) Capital Expenditure Staff Car loan and Mortgage 9,690,000 67,310,000 77,000,000 77,000,000 - 100% Furniture and Fittings 2,000,000 (2,000,000) - - - ICT Equipments - 4,000,000 4,000,000 2,984,000 1,016,000 75% (b) Fire suppression 4,500,000 4,500,000 2,579,376 1,920,624 57% (c) Total Capital Expenditure 11,690,000 73,810,000 85,500,000 82,563,376 2,936,624 Development expenditure Implementation of RBSS 123,328,183 - 123,328,183 11,956,221 111,371,962 10% (d) Total development expenditure 123,328,183 - 123,328,183 11,956,221 111,371,962 10% (B) Total Recurrent and Development Expenditure 554,164,559 234,288,191 788,452,750 700,003,911 88,448,839 ©=(A-B) Total Revenue less Total Expenditure 293,394,624 (290,799,289) 2,595,335 70,373,889 (67,778,554) Dated the 17th June, 2026. DAVID SANDAGI, MR/7807308 CEO, Sacco Societies Regulatory Authority.