Annual Report 2010 /2011
STATEMENT OF COMPREHENSIVE INCOME
2010 2009 Income KShs’000 KShs’000 Government recurrent grant Subscriptions Project funds Accreditation fees
50,000,000 5,340,000 3,247,416 799,300,00
60,000,000 8,225,000 9,709,780 1,818,800
59,386,716 79,753,580 Expenditure Operating costs 10,256,983 6,601,214 Administrative costs 21,130,792 9,583,510 Establishment Cost 4,989,797 4,525,683 36,377,573 20,710,407 Surplus of income over expenditure
23,009,143
59,043,173
STATEMENT OF FINANCIAL POSITION
2010 2009 KShs’000 KShs’000
NON-CURRENT ASSETS Property, Plant and Equipment 5,259,013 792,986 CURRENT ASSETS Trade & Other Receivables 2,057,607 10,000 Cash and Cash Equivalents 83,867,662 65,513,813 85,925,268 65,523,813
TOTAL ASSETS 91,184,281 66,316,799 FINANCED BY: FUND BALANCE 86,492,318 63,483,175 CURRENT LIABILITIES Trade & Other Payables 4,691,963 2,833,624 TOTAL FUND AND LIABILITIES 91,184,281 66,316,799 The above are extracts from the financial statements of Media Council of Kenya which were audited by the Kenya National Audit Office and received an unqualified opinion. The financial statements were approved by the Council members on 3rd November 2011 and signed on its behalf by:
Chairman: Dr Levi Obonyo Chief Executive Officer: Mr Haron Mwangi
30 MEDIA COUNCIL OF KENYA