GAZETTE NOTICE NO. 12187

STATEMENT OF CHANGES IN NET ASSETS FOR THE YEAR ENDED 30TH JUNE, 2017 STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS 2017 2016 KSh. KSh. Dealings With Members Contributions Receivable 13,546,886,133 12,874,684,506 Benefits Payable (3,661,025,306) (3,121,006,201) Net Dealings with Members 9,885,860,827 9,753,678,305 Return On Investments Net Investment Returns 20,410,090,317 1,027,875,106 Net Return on Investments 20,410,090,317 1,027,875,106 Gross Revenue 30,295,951,144 10,781,553,411 Less; Total Expenses (6,399,442,223) (5,509,263,726) Net Increase/(Decrease) in Scheme Funds during the period 23,896,508,921 5,272,289,685 As previous reported 172,086,349,056 165,580,763,000 Prior Adjustment 591,602,152 1,233,296,371 as restated 172,677,951,208 166,814,059,371 Net as at 30th June 196,574,460,129 172,086,349,056 STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED 30TH JUNE, 2017 STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS 2017 2016 KSh. KSh. Assets Property Plant and Equipment 364,389,267 338,449,159 Intangible Assets - 173,705,388 Assets under Construction 5,550,052,554 4,860,633,722 Land and Buildings 20,777,695,787 19,908,755,787 Undeveloped Land 10,215,428,051 9,816,628,051 Quoted Stocks 53,572,123,661 49,901,025,906 Unquoted Stocks 1,672,681,264 1,672,681,264 Long Term Deposits 806,523,691 531,586,879 Tenant Purchase Scheme 6,368,874,578 7,368,245,139 Receivables and Prepayments 3,877,278,325 3,626,392,212 Inventory 48,792,563 36,412,216 Accrued Income 2,356,502,164 3,240,555,469 Corporate Bonds 9,222,122,293 8,995,873,101 Treasury and Infrastructure Bonds 64,149,817,702 52,735,960,605 Treasury Bills 7,975,752,827 3,459,382,460 Call and Fixed Deposit 11,506,207,953 8,163,690,000 Cash and Bank 72,797,873 334,566,010 Total Current assets 198,537,040,553 175,164,543,368 Current Liabilities Payables (1,962,580,424) (3,078,194,212) Total Current Liabilities 196,574,460,129 172,086,349,156 Fund Balance 196,574,460,129 172,086,349,156 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30TH JUNE, 2017 2017 2016 KSh. KSh. Cash Flows from Operating Activities Net increase in assets 23,896,508,921 5,272,289,685 Adjustments: Depreciation on PPE 212,566,420 211,090,560 Amortisation of intangible assets 173,705,388 189,496,787 Increase/(decrease) in provisions 294,456,021 441,051,648 Fair value gain/(loss) on revaluation (5,982,386,547) 11,785,920,131 THE KENYA GAZETTE 23rd November, 2018 4176 4176 Operating surplus before working capital changes 18,594,850,202 17,899,848,811 Changes in Working Capital: Decrease/(increase) in inventories (12,380,347) (4,721,216) Decrease/(increase) in debtors and prepayments (253,736,779) (889,534,632) Decrease/(increase) in accrued income 884,053,305 (857,873,865) increase/(decrease) in payables and accruals 1,115,613,788 (420,726,499) 1,733,549,968 (2,172,856,213) Net Cash Flows Generated from Operating Activities 20,328,400,171 15,726,992,598 Cash Flows from Investing Activities Purchase/sale of equities (2,031,543,860) (3,604,231,214) Purchase/sale or redemption of treasury bonds (8,564,449,136) (16,524,390,000) Purchase/sale or redemption of treasury bills (4,516,370,366) (2,272,212,860) Purchase/sale or redemption of corporate bills (605,644,500) (834,651,000) Placement of deposits with financial institutions (3,412,517,953) 4,040,190,000 Development of land and buildings (689,418,832) (211,559,331) Proceeds from sale of plots/houses - 720,638,883 Receipts from TPS scheme (599,167,557) 3,145,641,251 Purchase/sale of PPE (171,056,103) (29,831,284) Net cash flows from investing activities (20,590,168,307) (15,570,405,555) Net increase/(decrease in cash and cash equivalents (261,768,137) 156,587,043 Cash and cash equivalents as at 1st July 334,566,010 177,978,967 Cash and cash equivalents as at 30th June 72,797,873 334,566,010 ANTHONY OMERIKWA, GEN. (RTD) DR. JULIUS. W. KARANGI, Ag. CEO/Managing Trustee. Chairman, Board of Trustees. MR/5555226