GAZETTE NOTICE NO. 9604

Details

Act / Legislation

the Year ended 30th June, 2018 2018 As Restated 2017 Dealings with Members (KSh.) (KSh.) Contributions Receivable 14,044,262,078 13,546,886,133 Benefits Payable (3,788,852,985) (3,661,025,306) Net Dealings with Members 10,255,409,092 9,885,860,827 Return on Investments Investment Income 17,329,574,642 14,096,633,726 Gain on Revaluation of Investments 3,335,493,870 6,313,456,590 Net Returns on investments 20,665,068,513 20,410,090,317 Less Operating Cost (5,173,711,067) (6,399,432,249) Net Increase/(Decrease) in Net Assets for the Year 25,746,766,538 23,896,518,895 (2) Statement of Net Assets available for Benefits 2018 As Restated 2017 KSh. KSh. ASSETS Cash and Bank Balances 1,271,066,588 72,797,873 Call and Fixed Deposits 5,637,577,681 11,506,207,953 Government Securities–(Treasury Bills) 8,019,139,643 7,975,752,827 Government Securities–(Treasury Bonds) 81,025,644,288 64,149,817,702 Corporate Bonds 7,677,218,892 9,222,122,293 Accrued Income 4,895,881,467 2,356,502,164 Stores and Supplies 64,303,404 48,792,563 Receivables and Prepayments 3,632,430,126 3,877,278,325 TPS Loans 5,391,563,938 6,368,874,578 Long-Term Deposits 922,663,220 806,523,691 Quoted Stocks 65,392,554,087 53,572,123,661 Unquoted Stocks 1,676,393,760 1,672,681,264 Undeveloped Investment Property 10,478,128,051 10,215,428,051 Developed Investment Property 21,284,795,787 20,777,695,787 Assets Under Construction 6,203,801,502 5,550,052,554 Property, Plant and Equipment 451,619,842 364,399,241 TOTAL ASSETS 224,024,782,277 198,537,050,527 Liabilities Payables and Accruals (2,295,147,790) (1,962,580,424) NET ASSETS 221,729,634,489 196,574,470,103 11th October, 2019 THE KENYA GAZETTE 4043 REPRESENTED BY FUND BALANCE 221,729,634,489 196,574,470,103 (3) Statement of Cashflows for the Year ended 30th June, 2018 As Restated 2018 2017 (KSh.) (KSh.) Cash Flows from Operating Activities Net Increase in Assets 25,746,766,538 23,896,518,895 Adjustments: Depreciation on Property, Plant and Equipment 129,083,923 212,566,420 Amortisation of Intangible Assets - 173,705,388 Increase/(Decrease) in Provisions (784,368,451) 294,456,021 Fair Value gain/(loss) on Revaluation (2,864,581,640) (5,982,386,547) Operating Surplus before Working Capital changes 22,226,900,369 18,594,860,177 Changes in Working Capital: Decrease/(Increase) in Inventories (15,510,841) (12,380,347) Decrease/(Increase) in Receivables and Prepayments 236,833,822 (253,736,779) Decrease/(Increase) in Accrued Income (2,539,379,304) 884,053,305 Increase/(Decrease) in Payables and Accruals (332,567,366) 1,115,613,788 (2,650,623,689) 1,733,549,968 Net Cash Flows generated from Operating Activities 19,576,276,680 20,328,410,145 Cash Flows from Investing Activities Purchase/Sale of Equities (9,928,022,543) (2,031,543,860) Purchase/Sale or Redemption of Treasury Bonds (15,921,917,858) (8,564,449,136) Purchase/Sale or Redemption of Treasury Bills (52,811,204) (4,516,370,366) Purchase/Sale or Redemption of Corporate Bonds 1,548,855,500 (605,644,500) Placement/Redemption of Deposits 5,868,630,272 (3,412,517,953) Development of Land and Buildings (653,748,948 (689,418,832) Receipts from TPS Scheme 977,310,640 (599,177,530) Purchase/Sale of Property, Plant and Equipment (216,303,824) (171,056,103) Net Cash Flows from Investing Activities (18,378,007,965) (20,590,178,280) Net Increase/(Decrease) in Cash and Cash Equivalents 1,198,268,715 (261,768,137) Cash and Cash Equivalents as at 1st July, 2017 72,797,873 334,566,010 Cash and Cash Equivalents as at 30th June, 2018 1,271,066,588 72,797,873 (4) Undeveloped Land as at 30th June, 2018 L.R. No. Fair Value 30th June, 2018 (KSh.) Balance 30th June, 2017 (KSh.) L.R. 209/12287-Kenyatta Avenue-Nairobi 2,350,000,000 2,300,000,000 L.R. 209/12220-Kenyatta Avenue-Nairobi 225,000,000 220,000,000 L.R. 209/12219-Kenyatta Avenue-Nairobi 205,000,000 200,000,000 L.R. 209/11331-Kenyatta Avenue-Nairobi 300,000,000 290,000,000 L.R. 209/11412-Kenyatta Avenue-Nairobi 875,000,000 855,000,000 L.R. 20694-Mavoko-Sabaki 65,000,000 59,300,000 L.R. 24575-Mavoko Municipality 125,000,000 117,400,000 L.R. 26472-Mavoko Municipality 205,000,000 197,700,000 L.R. 24574-Mavoko Municipality 195,000,000 188,200,000 L.R. 24577-Mavoko Municipality 155,000,000 150,000,000 L.R. 24578-Mavoko Municipality 1,850,000,000 1,818,200,000 L.R. 24579-Mavoko Municipality 520,000,000 509,100,000 L.R. 20355-Mavoko Municipality 505,000,000 493,400,000 L.R. 20305-Mavoko Municipality 540,000,000 530,000,000 L.R. 20589-Makutano Junction 420,000,000 394,000,000 Forest Edge 160,000,000 160,000,000 L.R.209/11642-Upperhill-Nairobi 115,000,000 115,000,000 L.R. MSA/MN/2535-Bamburi-Mombasa 750,000,000 730,000,000 L.R. MSA/MN/2537-Bamburi-Mombasa 90,000,000 85,000,000 L.R. MSA/MN/2538-Bamburi-Mombasa 90,000,000 85,000,000 L.R. MSA/MN/2539-Bamburi-Mombasa 90,000,000 85,000,000 L.R. MSA/MN/2540-Bamburi-Mombasa 90,000,000 85,000,000 L.R. MSA/MN/982-Mombasa 630,000,000 620,000,000 Tassia Estate 20,264,784 20,264,784 Tassia Infrastructure 67,863,267 67,863,267 Gross Total 10,638,128,051 10,375,428,051 Less: Provision for Impairment Forest Edge (160,000,000) (160,000,000) Total Provision for Impairment (160,000,000) (160,000,000) Total Net of provision 10,478,128,051 10,215,428,051 (5) Developed Property Fair Value 30th June, 2018 (KSh.) Balance 30th June, 2017 (KSh.) L.R. 209/13920 -NSSF Complex-Nairobi 8,300,000,000 8,100,000,000 L.R. 209/13920 -NSSF Complex-Nairobi 8,470,000,000 8,300,000,000 L.R. MSA/Block XXV/123 -SSH Mombasa 1,500,000,000 1,470,000,000 THE KENYA GAZETTE 11th October, 2019 4044 4044 L.R. 209/6776 -Bruce House- Nairobi 2,870,000,000 2,800,000,000 L.R. 209/6708 -Hazina Trade Centre-Nairobi 3,185,000,000 3,100,000,000 L.R. 209/8595 –View Park Towers-Nairobi 2,504,000,000 2,450,000,000 L.R. 209/1567 -Hazina Towers-Nairobi 1,537,000,000 1,500,000,000 L.R. Nairobi/block 93/1598 -Hazina Shopping Complex South B 206,400,000 200,000,000 L.R. Nairobi/Block 93/1599 -Hazina School South B 103,500,000 100,000,000 L.R. Nairobi/Block 96/1667 -Hazina Multi-Purpose Hall South B 41,200,000 40,000,000 L.R. MSA/Block XX/328 and 329-Hazina Plaza, Mombasa 520,000,000 500,000,000 L.R. Kisumu/Mun/Block 8/258-Kisumu Estate, Kisumu 220,000,000 190,000,000 Nyayo Estate Embakasi 127,695,787 127,695,787 Total 21,284,795,787 20,777,695,787 (6) Quoted Stocks Number of Shares 30th June, 2018 Description Market Value at 30th June, 2018 (KSh.) Market Value at 30th June, 2017 (KSh.) Kenya Power 97,135,746 Ordinary Shares 665,379,860 817,468,656 3,550 Cum Preference Shares 17,750 19,525 750 Cum Preference Shares 4,500 4,500 26,374,724 East African Breweries Limited 5,749,689,832 6,437,062,716 3,175,136 British American Tobacco (K) 1,905,081,600 2,775,903,592 253,444,655 Kengen Company Limited 1,761,440,352 2,078,485,023 58,169,540 Bamburi Cement Company Limited 10,412,347,660 10,584,635,040 24,300,000 E.A. Portland Cement Limited 468,990,000 747,225,000 187,534,448 Kenya Commercial Bank Limited 8,673,468,220 6,690,812,529 28,588,639 Housing Finance Group 243,003,433 305,608,338 2,838,776 Sameer Africa Limited 7,664,695 11,828,230 162,802,750 National Bank of Kenya Limited 1,009,377,050 1,448,944,448 126,227,708 Barclays Bank of Kenya Limited 1,438,995,871 1,598,252,073 5,064,018 Standard Chartered Bank Kenya 1,002,675,564 1,293,911,632 8,574,268 Nation Media Group Limited 771,684,120 991,064,592 2,957,500 Athi River Mining Limited 9,020,375 197,046,000 21,848,899 Kenya Re Insurance Corporation Limited 349,582,384 453,364,654 230,564,205 Britam (K) Limited 3,366,237,393 1,470,474,013 535,721,193 Safaricom Limited 15,803,775,194 7,960,774,481 459,111 Jubilee Holdings 231,851,055 24,834,040 2,137,651 Stanbic Bank 195,595,067 298,388,221 5,885,800 Centum Investment Company Limited 217,774,600 261,105,550 - TPS Eastern Africa Limited - 43,153,875 1,810,600 Scangroup Limited 28,064,300 116,793,900 138,932,860 The Cooperative Bank of Kenya 2,431,325,050 1,058,014,186 14,628,045 NIC Bank Limited 519,295,608 524,918,971 120,113,669 Equity Bank Limited 5,555,257,191 3,418,701,419 6,547,271 Diamond Trust Bank Kenya Limited 1,302,906,929 849,723,200 9,840,200 Umeme Limited, Uganda 76,922,438 120,984,549 18,940,581 Umeme Limited, Kenya 159,100,880 225,154,292 32,378,500 Stanlib I-REIT 365,877,050 437,856,950 30,008,100 KenolKobil Limited 543,146,610 177,098,600 961,600 I & M Holdings Limited 110,584,000 99,044,800 - Nairobi Securities Exchange - 36,406,000 1,140,000 CRDB Bank PLC 8,079,146 9,249,171 10,000,000 Stanlib Uganda 8,338,310 7,810,895 2,169,110,494 65,392,554,087 53,572,123,661 (7) Key Highlights (a) Growth in Net Assets Net Assets grew by 12.8 % from Kes. KSh. 196.57 billion in 2017 to KSh. 221.7 billion in 2018. (b) Contributions Contributions receivable increased from KSh. 13.55 billion in 2017 to KSh. 14.04 billion in 2018, an increase of 2.9 %. (c) Return on investment Return on investment increased marginally from KSh. 20.4 billion in 2017 to KSh. 20.7 billion in 2018. (d) Interest on Members’ Funds Section 2 of the NSSF Act

Signed By

ANTHONY OMERIKWA

Title

GEN. (RTD.) DR. JULIUS. W. KARANGI,

Date Signed

11th October 2019

Page

28

Extraction Method

regex

Source Gazette