GAZETTE NOTICE NO. 8176

NOTICE is issued pursuant to regulation 12 of the Unclaimed Financial Assets Regulations, 2016, that the Unclaimed Financial Assets Authority has received claims for unclaimed assets from the following persons claiming as administrators of the estates of deceased persons and agents of the original owners. Further take notice that if no objection has been lodged at the offices of the Authority at the address below within thirty (30) days of the date of publication of this notice, payment will be made to the aforementioned persons. Claimant's Name/Administrator Name of Original Owner/Deceased Holder Stephen Kiana Kinanga Yunice Bitutu Kinanga KCB Group Plc Nizarali Adatia Dolatkhanu Mohamedali Adatia Diamond Trust Bank Sophy Maren Ntoyai Loise Mutury Standard Chartered Bank, KCB Group Plc Public Trustee Machakos Johnathan Kavithi Ngila KCB Group Plc Samuel Muchene Gichuru Gichuru Kunga Koine Williamson Tea Kenya Plc Zainul Sadrudin Velji Nurmohamed Lalji Chaga KCB Group Plc, Comprite Kenya Limited Deputy county commissioner Gatundu North Ndirangu Njoka KCB Group Plc Daniel Molo Ajwang John Ajwang KCB Group Plc Jomo Peter Kitonyo Matundu Public Trustee Mombasa Co-operative Bank of Kenya Willie Githui Kuria Daniel Kuria Gitau Co-operative Bank of Kenya Emily Wanjiku Kariuki Kariuki Nginya Jeremiah Co-operative Bank of Kenya Peter Maina Kiige Kiige Kihato KCB Group Plc Linah Jepkoech Kandie, Allan Kiprop Koech Joakim Kipkoech Chelagat C&R Group Annet Kaghuwa Mwashighadi Florian Mwashigadi Shuma KCB Group Plc Margaret Wanjiru Githiaka, Peter Nuthu Githiaka Duncan Githiaka Nuthu C&R Group Public Trustee, Meru M'mbui Thuiru KCB Group Plc Public Trustee, Meru M'mbui M'ngiti KCB Group Plc, Standard Chartered Bank Public Trustee, Meru John Kenneth Gatobu M'tuamwari C&R Group Public Trustee, Nairobi Roise Wambui Waithaka KCB Group Plc Richard Karunda Mwangi Amos Mwangi Kiangama KCB Group Plc, HF Group Claimant's Name/Administrator Name of Original Owner/Deceased Holder Hannah Wambui Kihuru Leo Kihura Kangethe Co-operative Bank of Kenya Patrick Mangethe Kihuba Elesaban Mangethe Kihuba KCB Group Plc Peter Kiriko, Virginiah Wambui, Christine Agnes Wangare, Antony Kirika Karanja John Kelvin Karanja Standard chartered Bank of Kenya Public Trustee Nairobi Tiras Njoroge Muthiora Co-operative Bank Of Kenya Doricus Muhenje Anduvate Chris Anduvate Mwichuli Safaricom Limited Brian Mwiti Mutegi, Eric Mutegi Muthamia, Charity Mutegi Kawira and Mary Jane Kaari Njoka Erastus Mutegi C Mukungs Safaricom Limited Willie Lovice Bushiri Bererlyne Ongecha Ouma Standard Chartered Bank, KCB Group Plc Rosaline Kiptalam Chebet and Rachael Jepchirchir Kiptalam Stephen Kiptalam Chebet Standard Chartered Bank Public Trustee, Nairobi Harrison Ochwangi Amoro Co-operative Bank of Kenya Damacline Nyamoita Ndieka John Kennedy Master Safaricom Limited Sheldon Anabula Aluhondo Edward Anabula Aluhondo Safaricom Limited Grace Wambui Mbatia John Baptistar Kiragu (For Luso Hills Inn) Co-operative Bank of Kenya Public Trustee Embu Dorothy Murugi Njagi Standard Chartered Bank Neema Edith Wanja Kahiga and Justus Kahiga Gateere Miriam Waceera Kahiga KCB Group Plc, Safaricom Limited Francis Otieno Ochung Peter Ochong Otondi Co-operative Bank of Kenya Francis Murango Mungai John Mungai Murango Safaricom Ltd, Standard Chartered Bank, Kenya Re-insurance Corporation Annah Wangeci Mwaura David Mwaura Kinyanjui KCB Group Plc Loss OF POLICY Notice is issued pursuant to regulation 9 of the Unclaimed Financial Assets Regulations, 2016 that the Unclaimed Financial Assets Authority has received claims for unclaimed assets from the following persons who, through sworn affidavits, have indicated that the original policy documents have been lost. Claimant's Name Policy No. and Name of Policy Holder Name of Issuing Insurance Company Obanya Benedict John Obanya Benedict John-199687 Sanlam Life Assurance Ltd Michael Njeru Nazarene Njeru (Michael Njeru) - 6971851 Liberty Life Assurance Ltd Further notice is given that unless objection to the claims is lodged at the offices of the Au hority at the address below within thirty (30) days from the date hereof, payment will be made to the aforementioned persons on the evidence of the sworn affidavit for lost original policy document and any liability on the lost policy document will immediately cease. Unclaimed Financial Assets Authority, Pacis Centre, 2nd Floor, off Waiyaki Way, P.O. Box 28235-00200, Nairobi. MR/I702915 JOHN MWANGI, Chief Executive Officer and Managing Trustee. GAZETTE NOTICE N0. 8177 NATIONAL SOCIAL SECURITY FUND (NSSF) ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE, 2019 STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED 30th JUNE, 2019 2019 (KSh.) 2018 (KSh.) Dealings with Members: Contributions Receivable 15,102,379 ,464 14,044,262,078 Benefits Payable (4,939 ,110 ,256) (3,788,852,985) Net Surplus from dealings with members 10,163,269,208 10,255,409,092 Return on Investments: Investment Income 18,288,282,158 17,659,476,325 Fair value gain on revaluation of Investments (9,348,790,568) 2,864,581,640 Gain on realisation of investments 390,564,622 470 ,912,230 Investment Management Expenses (404,106,053) (396,336,810) Net Investment Income 8,925,950,159 20,598,633,386 Other Income 55,743,772 66,435,127 Total Net Income 8,981,693,932 20,665,068,513 Less: Operating Cost Staff cost 4,105,211,249 3,818,034,559 General administrative cost 1,523,719,277 1,347,662,132 Provisions 138,431,395 8,014,377 Total operating cost (5,767,361,921) (5,173,711,067) Increase in net assets for the year 13,377,601,219 25,746,766,538 As previously reported 221,729,634,489 196,574,470,103 Prior year adjustment (36,432,620) (591,602,152) As restated 221,693,201,869 195,982,867,951 Net Assets as at 30 June 235,070,803,087 221,729,634,489 13th August, 2021 STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS AS AT 30 JUNE 201 2019 (KSh.) 2018 (KSh.) Assets: Cash and bank balances 419,376,662 1271,066,588 Call and Fixed Deposits 9,659,178,400 5,637,577,681 Government Securities-(Treasury bills) 5,994,518,873 8,019,139,643 Government Securities-(Treasury bonds) 105 033,078 ,822 81,025,644,288 Corporate bonds 7,140,397,038 7,677,218,892 Accrued Income 6,187,626,209 4,895,881,467 Stores and Supplies 72,602,504 64,303,404 Receivables and Prepayments 3,564,032,511 3,350,806,705 Staff Car loans 267,988,749 281,623,421 TPS Loans 4,650,326,808 5,391,563,938 Long-term deposits 944,566,315 922,663,220 Quoted Stocks 52,750,355,185 65,392.554,087 Unquoted Stocks 1,679,927,974 1,676,393,760 Investment property 34,760,285,136 31,762,923,839 Assets under construction 3,1771'108,287 6,203,801,502 Property, plant and equipment 728,596,061 451,619,842 Total Assets 237,029,865,535 224,024,782,277 Liabilities: Payables and accruals (1,959,062,448) (2,295,147,790) Total Liabilities (1,959,062,448) (2,295,147,790) Net Assets 235,070,803,087 221,729,634,489 Funded by: Members' Funds 235,070,803,087 221,729,634,489 STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 30 JUNE 2019 2019 (KSh.) 2018 (KSh.) Cash Flows from Operating Activities Net increase in assets 13,377,601,219 25,746,766,538 Adjustments: Depreciation on property, plant and equipment 154,930,951 129,083,923 Amortisation of intangible assets 52,181 - Increase/(decrease) in provisions 130,417,018 (784,368,451) Fair value gain/(loss) on revaluation 9,348,790,568 (2,864,581,640) Operating surplus/(deficit) before working capital changes 23,011,791,937 22,226,900,369 Changes in Working Capital: Decrease/(increase) in inventories (8,299,099) (15,510,841) Decrease/(increase) in debtors & prepayments (213,225,806) 236,833,822 Decrease/(increase) in accrued income (1291,744,742) (2,539,379,304) increase/(decrease) in payables and accruals (336,085,343) (332,567,366) Net changes in working capital (1,849,3549990) (2,650,623,689) Net cash flows generated from operating activities 21,162,436,947 19,576,276,680 Cash Flows from Investing Activities Purchase/sale of equities 253 ,693,848 (9,928,022,543) Purchase/sale or redemption of treasury bonds (20,510,705,599) (15,921,917,858) Purchase/sale or redemption of treasury bills 2,024,620,771 (52,811204) Purchase/sale or redemption of corporate bills 718,638,028 1,548,855,500 Placement of deposits with financial institutions (4021,600,719) 5,868,630272 Development of land and buildings (441,445,982) (653,748,948) Receipts from TPS scheme 264,770,519 977,310,640 Purchase/sale of property, plant and equipment (302,097,738) (216,303,824) Net cash flows from investing activities (22,014,126,873) (18,378,007,965) Net increase/(decrease in cash and cash equivalents (851,689,926) 1,198,268,715 Cash and cash equivalents as at I July 2018 1,271,066,588 72,797,873 Cash and cash equivalents as at 30 June 2019 419,376,662 1,271,066,588 MARIETTA MUTINDA Ag. Finance Manager Key Highlights (1) Growth in Net Assets Net assets grew by 6% from Kes.221.73 billion in June 2018 to Kes.235.07 billion in June 2019. ANTHONY OMERIKWA, CEO/Managing Trustee. 16.00 14.00 12.87 11.75 13.55 12.00 10.00 7.80 8.41 8.00 6.00 4.00 2.00 2013 2014 2015 2016 2017 Financial Years Amoun t in Billion s 14.04 15.10 2018 2019 4.94 3.79 2018 2019 3.66 3.09 3.12 11011111 2015 2016 2017 Financial Years 2.14 2.27 2013 2014 6.00 Sn s 5.00 a 4.00 ECI.c 3.00 g 2.00 E 1.00 Fund Value in Billions 221.73 235.07 196.57 165.58 172.09 134.93 153.03 I I I I I 1 I 2013 2014 2015 2016 2017 2018 2019 Financial Years (2) Contributions Member contributions collection increased by 7.5% from Kes.14.04 in billion in 2018 to Kes. 15.1 billion in 2019. Member Contribution (3) Benefits paid to members Benefits paid to members increased by 30% from Kes. 3.79 billion in 2018 to Kes 4.94 billion in 2019. Benefits paid to members (4) Return on Investment Return on investment declined from Kes. 20.60 billion in 2017 to Kes. 8.93 billion in 2019. The decline was mainly attributed to the poor run of prices at the Nairobi Securities Exchange resulting to a Kes. 12.4 billion book loss on the Fund's equity assets listed at the exchange. 13th August, 2021 THE KENYA GAZETTE 3541 Net Return on Investment r Os t0 Kj III II CO I 2013 2014 2015 2016 2017 2018 2019 (5) Interest on Member's Balances Section 2 of the NSSF Act 2013 requires the fund to distributed the return earned to individual members accounts at such rates as the Board may, in consultation the Actuary or such other qualified person, determine and approve at least annually, having regard to the income on the Fund's assets. In the year ended June 2018, the Board of Trustees approved an interest of 7% based on actuarial valuation of the Fund carried out by Zamara Actuaries, Administrators and Consultants Limited. (6) Message from the Board of Trustees. The Statement of Net Assets and Statement of Changes in Net Assets are extracts from the Fund's audited financial statements approved by the Board of Trustees on 24 September, 2019. The Financial Statements have been audited by the Auditor General in accordance with the provisions of the Article 229 of the Constitution of Kenya and Section 35 of the Public Audit Act, 2015. A copy of the full set of financial statements is available and can be downloaded from NSSF website: www.nssfkenya.co.ke. ANTHONY OMERIKWA, GEN (RTD) DR. JULIUS W. KARANGI, CEO/Managing Trustee Chairman, Board of Trustees. MR/1770983