A) STATEMENT OF COMPREHENSIVE INCOME PERFOMANCE HIGHLIGHTS
Central Office - Biashara Street, P. O. BOX 12755 - 00400
Nairobi, Tel: +254 20 216 6401/2Mobile: 0730 170 000, 0730 170 500,
Email: [email protected], Website: www.rafiki.co.ke
Nairobi, Kiambu, Machakos, Makueni, Kajiado, Nakuru, Mombasa,
Kilifi, Vihiga, Uasin Gishu, Kisumu.
RAFIKI MICROFINANCE BANKOur Branch Network
RafikiDTM @RafikiBank RafikiBank 0727819389
microfinance bank
AUDITED FINANCIAL STATEMENTS AND DISCLOSURES AS AT 31 DECEMBER
2014st
The above statement of financial position, statement of
comprehensive income and other disclosures are extracts from the
records of the bank as audited by Deloitte & Touche and have
received an unqualified opinion. They were approved by the Board of
Directors on 4 March 2015 and signed on its behalf by:
Z. Khan D. Mavindu Chairman Chief Executive Officer
MESSAGE FROM THE DIRECTORS
(a) Advances to Customers
104
Kshs Mn2011
Kshs Mn2012
Kshs Mn2013
Kshs Mn2014
508
1,866
3,418
(b) Customer Deposits
100
Kshs Mn2011
Kshs Mn2012
Kshs Mn2013
Kshs Mn2014
444
1,419
2,877
(c) Total Assets
441
Kshs Mn2012
Kshs Mn2011
Kshs Mn 2013
Kshs Mn2014
1,815
3,679
5,975(d) Profit After Tax
Kshs Mn2011
(15)
Kshs Mn2012
Kshs Mn2013
Kshs Mn2014
(1)
9
21
2011 2012 2013 2014
31,608
5
13
19
62,162
No of Branches
No of Customers
8,934
2
106,689
(e) Number of Branches and Customers
Best Forex Rates in Town
Letters of Credit Telegraphic TransfersGuarantees - Bid Bonds,
Perfomance Bonds & Advance Payment GuaranteesOverdraft
Facilities
We also offer:
Call on us Today, Cell: 0706 757 134, 0706 757 144, 0732 438
680, Email: [email protected]
th
IncomeInterest on Loan PortfolioFees and Commission on Loan
PortfolioGovernment SecuritiesDeposit and Balances with Banks and
Financial InstitutionsOther InvestmentsOther Operating IncomeNon-
Operating IncomeTotal IncomeExpensesInterest and Fee Expense on
DepositsOther Fees and Commissions expenseProvision for Loan
ImpairmentStaff CostsDirectors EmolumentsRental ChargesDepreciation
ChargesAmortization ChargesOther Administrative
ExpensesNon-Operating ExpensesTotal ExpensesOperating
ProfitInterest and Fee Expense on Borrowings(Finance Costs)
Profit/(Loss) before taxCurrent TaxDeferred TaxNet Profit (After
Taxes and Before Donations)Donations for Operating ExpenseNet
Profit After Taxes
Surplus on revaluation of buildingDeferred tax on revaluation
surplusTotal comprehensive income
ASSETSCash and bank balances Short term deposits with
banksGovernment securitiesAdvances to customersDue from related
organisationsOther receivablesTax revocableDeferred Tax assetOther
investmentInvestment in associate companiesIntangible
assetsProperty and equipmentTotal AssetsLIABILITIESCash collaterals
heldCustomer depositsBorrowingsDeposits and balances due to banking
institutionsDeferred tax liabilityDue to related organisationsOther
liabilitiesTotal Liabilities
Share capitalShare premiumRetained earningsRevaluation
reserveStatutory reserveTotal Shareholders' funds
TOTAL LIABILITIES AND EQUITY
1.01.11.21.31.41.51.61.71.82.02.12.22.32.42.52.62.72.82.92.12.113.04.05.06.06.17.08.09.0
1.01.11.21.31.41.51.61.71.81.91.101.111.121.132.02.12.22.32.42.52.62.72.8
3.0 SHARE CAPITAL & RESERVES3.13.23.33.43.53.6
4.0
605,321 85,839
- 130,663
- 147,949
310 970,082
133,324 23,558 37,817
299,625 995
108,502 5,738 6,192
242,050-
857,801 112,281
92,953 19,328
(16,370)17,992
20,950-
20,950
--
20,950
207,413 1,318,345
- 3,418,152
402,109 361,612
17,210 13,756
--
22,312 214,217
5,975,126
3,580 2,873,220
957,731 522,500
- 488,763
115,875 4,961,669
1,000,000-
(33,871)-
47,328 1,013,457
5,975,126
303,978 52,421
- 111,360
- 78,115
9,109 554,983
49,363 16,245 24,169
167,592 1,020
51,738 25,390
3,538 118,708
- 457,763 97,220 82,288 14,932(5,622)
- 9,310
- 9,310
--
9,310
211,652 964,924
- 1,865,642
- 188,362
20,789---
26,344 401,038
3,678,751
7,008 1,412,263
753,555 568,352
8,457 363,646
72,963 3,186,244
500,000-
(34,031)-
26,538 492,507
3,678,751
AuditedKsh. 000
31-Dec-2014
AuditedKsh. 000
31-Dec-2013
NON-PERFORMING LOANS AND ADVANCESGross Non-Performing Loans and
Advances Less: Interest in Suspense Total Non-Performing Loans and
Advances (a-b) Impairment Loss Allowance Net Non-Performing Loans
(c-d)Realizable Value of SecuritiesNet NPLs Exposure (e-f)INSIDER
LOANS AND ADVANCESDirectors, Shareholders and
AssociatesEmployeesTotal Insider Loans, Advances and Other
FacilitiesOFF-BALANCE SHEET ITEMSGuarantees and CommitmentsOther
Contingent LiabilitiesTotal Contigent Liabilities
CAPITAL STRENGTHCore CapitalMinimum Statutory
CapitalExcess/(Deficiency) (a-b)Supplementary CapitalTotal Capital
(a+d)Total Risk Weighted AssetsCore Capital/ Total Deposit
LiabilitiesMinimum Statutory RatioExcess/(Deficiency) (g-h)Core
Capital/ Total Risk Weighted AssetsMinimum Statutory
RatioExcess/(Deficiency) (j-k)Total Capital/ Total Risk Weighted
AssetsMinimum Statutory RatioExcess/(Deficiency)
(m-n)LIQUIDITYLiquidity RatioMinimum Statutory
RatioExcess/(Deficiency) (a-b)
1(a)
(b)(c)(d)(e)(f)(g) 2(a)(b)(c) 3(a)(b)(c)
4(a)(b)(c)(d)(e)(f)(g)(h) (i) (j)(k) (l)(m) (n)(o)
5(a)(b)(c)
307,069
1,520 305,549 74,144 231,405 173,979
57,426
9,000 5,141
14,141
374,522-
374,522
942,602 60,000882,602 150,647
1,093,249 4,591,266
33%8%
25%21%10%11%24%12%12%
35%20%15%
186,641
3,766 182,875
36,327 146,548 134,021 12,527
- 1,623 1,623
- - -
439,625 60,000379,625 220,838 660,463
2,527,46431%
8%23%17%10%
7%26%12%14%
42%20%22%
B. STATEMENT OF FINANCIAL POSITION
C. OTHER DISCOLUSERS
