GAZETTE NOTICE NO. 8033

PURSUANT to section 46(4) of the Unclaimed Financial Assets Act, 2011, the Board of Directors of the Unclaimed Financial Assets Authority publishes an extract of the FY 2018/19 Audited results for the Unclaimed Financial Assets Trust Fund: STATEMENT OF FINANCIAL PERFORMANCE Income Revenue from exchange transactions Notes Shs '000 Shs '000 Investment income 6 1.191,799 971,806 Total income 1,191,799 971,806 Expenditure Expenses* Total expenses Surplus for the period 1,191,799 971,806 Note. *Expenses of the Fund are incurred and absorbed by the Authority in line with Section 44 of the Unclaimed Assets Act, which gives it the responsibility to manage and operate the Unclaimed Financial Assets Trust Fund. The Authority prepare a separate set of Financial Statements, in line with the State Corporations Act. STATEMENT OF FINANCIAL POSITION Notes 2019 2018 Assets Shs '000 Shs '000 Current Assets Cash and cash equivalents 4 426,036 371,753 Receivables 5 562,728 464,893 Investments 6 15,258,177 11.897,886 TOTAL ASSETS 16,248,941 12,734,532 TRUST FUND AND LIABILITIES Payables Claims 19,431 0 Transfer to UFAA 267,601 312,000 Total Payables 287,032 312,000 Trust Fund Unclaimed Assets 7 13,326,451 10,624,197 Revenue reserve 2,635,458 1,798,335 Total Trust Fund 15,961.909 12,422,532 TOTAL TRUST FUND AND 16,248,941 12,734,532 LIABILITIES Disclosure Notes 4. Cash and Cash Equivalents This includes foreign currency that has been received by the Authority as converted at Year-end rates 5. Receivables This is interest earned on Treasury Bill Investments that have not matured 6. Investments Investment by the Authority, as currently approved by the Cabinet Secretary National Treasury, is 100% in Treasury Bills hence investment income is from Treasury Bills by Central Bank of Kenya. 7(b) Assets Reported by holders but have not been received by the Authority: Assets with known values, converted at year-end closing rates where applicable (Ksh '000) Asset Type 2019 2018 Shares 22,924,635 22,396,804 Unit Trusts 18,445 18,435 Total 22,945,099 22,417,257 Assets whose values is not known, until they are accessed: Asset Type 2019 2018 Safe Deposit boxes 1.489 1087 MESSAGE FROM THE DIRECTORS OF UFAA This is an extract from the Unclaimed Financial Assets Trust Fund's financial statements audited by Office of the Auditor General, using their duly appointed agents, PriceWaterhouseCoopers (PWC) and approved by the Board of Directors of Unclaimed Financial Assets 9th October, 2020 THE KENYA GAZETTE 4039 C. 69418 PVT-5JUB6P6 PVT-AAAESY3 PVT-V7ULG5K PVT-AAAAGO9 CPR/2014/159613 CPR/2015/I99192 CPR/2014/I32692 PVT-KAU55PD CPR/2012/72478 PVT/2016/003418 C. 142012 CPR/2012/72419 C. 141456 CPR/2015/174025 CPR/2010/28701 PVT-V7UVAZG CPR/2014/I64137 PVT-BEU82QR PVT-AAAER12 CPR/20I5/217533 CPR/2014/I56428 C. 165849 PVT-9XUZ3JP CPR/2010/35063 C.77651 CPR/2014/16I682 PVT-Q7UPR67 C. 168565 CPR/2013/I26948 CPR/2012/86746 PVT/2016/029480 PVT-AJU3985 PVT-XYUQ587 CPR/2010/34675 CPR/2015/182721 CPR/2013/94433 PVT/2016/023405 CPR/2013/122530 C.30151 PVT-BEUX2ZP PVT-JZUAKPV CPR/2015/201195 PVT/2010/028416 PVT-DLU389Q CPR/2013/98409 CPR/2010/19345 PVT-XYUV3AD) Nakuru Mattress Eldoret (1966) Limited Ozone Overseas Limited Permaculture Research Institute Kenya Limited Sharkmart Hardware Limited Shemer Limited Shine Dental Clinic Limited Shimahr Consultants Limited Straton Energy Limited Smith and Aspire Limited Tawfiq Mohamed Salim & Company Limited Tune Dynamics Limited Vacation Recreational Services Limited Value Engineering Center and Partners Limited Venture Options Company Limited View-line Ventures Limited Alfio Contractors Limited Antikythera Company Limited Batis Pharmacy Limited Cawthorn Limited Choppies Petroleum Kenya Limited Choppies Petroleum Kenya Limited Dawn Africa Construction Company Limited Diamond Gateway Holdings Company limited Edible Earth Foods Limited Econic Limited HealthFirst International Limited. Hazlemere Holdings Limited Havilah Stores Supplies Limited Key South Limited Kipsigis Farmers Stores Limited Maidon Properties Limited Mont Catering and Refrigeration Kenya Limited Modified Oak Management Company Limited Mrembo Empowerment Centre Limited Mukuma Investments Limited Northlands Karting Limited Novacare Health Services Limited Pretty Baby Limited Snowgoose Excursions Limited Safari Travel Kenya Limited Sixteen Parklane Holdings Limited Sifra Touch Services Limited Sir Daniels Events Limited Six sweet Sisters Limited Stony River Restaurant Limited Suiya Traders Limited Tropical Stone Blocks Limited Wonorous Wellbeing Connections Limited Authority on 30th September, 2019. The financial statements are prepared under the International Public Sector Accounting Standards (IPSAS) accrual basis of accounting. A complete set of Financial Statements for FY 2017-18 for the Trust Fund and full disclosures can be accessed on the Authority's website www.ufaa.go.ke or the Authority's Head Office at 2nd Floor Pacis Centre, Slip Road, Off Waiyaki Way, Westlands. Signed: RICHARD KIPLAGAT JOHN KIHARA MWANGI, Chairman, UFAA. CEO/Managing Trustee. MR/1354052