GAZETTE NOTICE NO. 11791

FINANCIAL STATEMENTS FOR THE YEAR 2010/2011 STATEMENT OF FINANCIAL POSITION AS AT 30TH JUNE 2011 ASSETS 2010/11 2009/10 (KSh.) (KSh.) Non Current Assets 17th August, 2012 THE KENYA GAZETTE 3041 Property,Plant and Equipment 28,127,925.00 13,707,853.00 Intangible Assets 460,554.00 128,720.00 Total Fixed Assets 28,588,479.00 13,836,573.00 Current assets Trade and other Receivables 4,716,460.00 45,144.00 Deposits 3,500,119.00 1,970,640.00 Prepayments 1,246,731.00 2,278,982.00 Cash and Cash Equivalents 2,547,200.00 4,186,924.00 Total Current Assets 12,010,510.00 8,481,690.00 TOTAL ASSETS 40,598,989.00 22,318,263.00 Financed by: FUND AND LIABILITIES Capital Fund 38,270,031.00 17,760,250.00 General Fund (5,973,225.00) (4,365,301.00) 32,296,806.00 13,394,949.00 Liabilities Current Liabilities Trade Payables 3,673,947.00 6,235,538.00 Tax Payable 4,104,217.00 2,456,116.00 Other Payables 324,019.00 31,660.00 Provision for Audit fee 200,000.00 200,000.00 Total Current Liabilities 8,302,183.00 8,923,314.00 TOTAL FUNDS AND LIABILITIES 40,598,989.00 22,318,263.00 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30TH JUNE, 211 2010/11 2009/10 (KSh.) (KSh.) Government Grant 78,200,000.00 36,000,000.00 Other Revenue 41,343,513.00 - 119,543,513.00 36,000,000.00 Less: Funds used for Capital Expenses (18,529,781.00) (17,760,250.00) Total fund for recurrent expenditure 101,013,732.00 18,239,750.00 Operating Expenses Employees Costs 58,679,808.00 5,038,074.00 BOD Expenses 6,224,643.00 7,717,313.00 Depreciation Expense 5,702,709.00 3,868,510.00 Amortisation Costs 55,166.00 55,166.00 Other Operating & Maintenance costs 31,943,461.00 3,109,984.00 Audit Fee 200,000.00 - Task Force Expenses - 2,082,800.00 Stakeholders Sensitization and Awareness 733,204.00 Total Recurrent Expenditure 102,805,787.00 22,605,051.00 Surplus/(Deficit) (1,792,055.00) (4,365,301.00) STATEMENT OF CASH FLOW FOR THE YEAR ENDED 30TH JUNE, 2011 (KSh.) (KSh.) Cash Flow from Operating Activities Surplus from operations to 30th June 2011 (1,792,055.00) (4,365,301.00) Adjustment for: Depreciation 5,702,709.00 3,923,676.00 Amortisation 55,166.00 Cash used for Operating activities before working Capital Changes) 3,965,820.00 (441,625.00) Increase in Debtors & Prepayments (5,168,543.00) (4,294,766.00) Decrease in Payables & Accruals (437,000.00) 8,923,314.00 Net Cash from Operating Activities (1,639,724.00) (4,186,923.00) Cash Flow from Investing Activities Purchase of Property, Plant and Equipment (18,529,781.00) (17,760,250.00) Net Cash from Investing Activities (18,529,781.00) (17,760,250.00) Cash Flow from Financing Activities Gok grants to Capital Fund 8,000,000.00 36,000,000.00 Other revenue to Capital Fund 10,529,781.00 (18,239,750.00) Net Cash from Financing Activities 18,529,781.00 17,760,250.00 Net Increase/(Decrease) in Cash and Cash Equivalent (1,639,724.00) 4,186,923.00 Cash and Cash Equivalent as at 30th June 2010 4,186,923.00 - Cash and Cash Equivalent as at 30th June 2011 2,547,199.00 4,186,923.00 STATEMENT OF CHANGES IN FUND BALANCES FOR THE YEAR ENDED30TH JUNE, 2011 CAPITAL FUND (GENERAL FUND ) (TOTAL ) 2009/2010 (KSh.) (KSh.) (KSh.) As at 1st July 2009 - 36,000,000.00 36,000,000.00 Recurrent Expenditure (22,605,251.00) (22,605,251.00) Transfer to General Fund 17,760,250.00 (17,760,250.00) As at 30th June 2010 17,760,250.00 (4,365,301.00) 13,394,749.00 2010/2011 As at 1st July 2010 17,760,250.00 (4,365,301.00) 13,394,749.00 Prior Year Adjustments - 184,130.00 184,130.00 17,760,250.00 (4,181,171.00) 13,578,879.00 Capital Fund from MOCDM 18,529,781.00 - 18,529,781.00 Donations from FLSTAP 1,980,000.00 - 1,980,000.00 Deficit for the Year - (1,792,055.00) (1,792,055.00) As at 30th June 2011 38,270,031.00 (5,973,226.00) 32,296,605.00 The financial statements were approved by the Authority's Board in September 2011 and signed on its behalf by : PETER GAKUNU, Chairman, SASRA. CARILUS ADEMBA, Chief Executive Officer, SASRA.