The SACCO’s asset base closed year 2015 at Kshs 11,008,833,272= up from 8,550,627,577=, representing a 29.19% growth rate. During the same period, the SACCO’s net loan book closed at Kshs 9,418,959,641= up from Kshs 7,255,037,324= representing a 32.05% growth rate.
The Board of Directors recommended payment of first and final dividend of Kshs 0.19 per share in 2016 (2015, Kshs 0.1825 per share). They also recommended interest on members’ deposit at a rate of 11.5% (2015, 11.25%).
The following are financial highlights to the financial statements projections for the period ending 31st December 2016
|FINANCIAL POSITION ANALYSIS|
|Asset Base (total assets)||11,046,896,929||8,550,627,577||29.19%|
|Property, Plant and Equipment||232,425,177||232,116,211|
|Interest bearing liabilities||1,765,718,041=||1,077,007,034=|
|Interest on members’ deposits (@ 11.25%: 2015)||368,065,335|
|Dividends (@ 18%: 2014)||93,779,420||46.94%|
|Core Capital/Total Assets Ratio||13%||12%||10.00%|
|Institutional Capital/Total Assets Ratio||8%||6.3%||8.00%|
|Core Capital/Deposits Ratio||22%||21.9%||8.00%|