KCB Income Statement
 
Period ended: 31-Dec-10 31-Dec-11 31-Dec-12 31-Dec-13 31-Dec-14
Unit: KES ‘000s KES ‘000s KES ‘000s KES ‘000s KES ‘000s
Statement type: Audited Restated Audited Audited Audited
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CONSOLIDATED INCOME STATEMENT
Interest Income
Loans and advances 17,663,904 23,612,698 33,973,438 32,457,329 36,574,907
Government securities 5,259,702 3,742,965 7,648,656 8,327,336 9,991,210
Deposits and placements with banking institutions 186,187 546,989 807,968 572,654 482,412
Other interest income 598,735 652,156 256,080 427,186
Total interest income 23,109,793 28,501,387 43,082,218 41,613,398 47,475,715
Interest Expense
Customer deposits 3,307,581 3,821,853 11,229,319 7,871,927 10,633,005
Deposits and placement from banking institutions 156,887 794,388 1,216,667 757,185 894,015
Other interest expenses
Total interest expenses 3,464,468 4,616,241 12,445,986 8,629,113 11,527,020
Net Interest Income 19,645,325 23,885,146 30,636,232 32,984,286 35,948,695
Other Operating Income
Fees and commissions on loans and advances 4,091,986 4,203,617 3,718,064 4,684,093 4,635,350
Other fees and commissions 2,696,594 4,981,222 5,894,921 5,816,744 8,103,867
Foreign exchange trading income 2,775,494 3,607,836 3,688,137 3,710,397 4,149,902
Dividend income 1,185 26,157 13,709 12,009 103
Other income 1,450,803 3,203,833 2,306,055 2,902,735 5,111,937
Total non-interest  income 11,016,062 16,022,665 15,620,886 17,125,979 22,001,159
Total Operating Income 30,661,387 39,907,811 46,257,118 50,110,264 57,949,854
Other Operating Expenses
Loan loss provision 2,144,320 2,494,817 3,756,642 2,905,975 5,058,270
Staff costs 9,379,643 10,883,679 11,861,196 13,469,901 13,993,445
Directors’ emoluments 104,401 145,592 171,559 197,395 296,963
Rental charges 798,141 1,024,329 1,159,033 1,146,429 1,346,574
Depreciation charge on property and equipment 1,382,540 1,672,850 1,755,273 1,872,231 1,885,066
Amortisation charges 375,249 497,685 538,926 580,629 502,876
Other operating expenses 6,679,122 8,059,485 9,806,346 9,813,946 11,079,231
Total other operating expenses 20,863,416 24,778,437 29,048,975 29,986,505 34,162,425
Profit before tax and exceptional items 9,797,971 15,129,374 17,208,143 20,123,759 23,787,429
Exceptional items
Profit after exceptional items 9,797,971 15,129,374 17,208,143 20,123,759 23,787,429
Current tax -3,651,244 -4,083,979 -6,296,080 -6,520,863 -6,977,553
Deferred tax 1,031,246 -64,349 1,291,468 738,486 38,986
Profit after tax and exceptional items 7,177,973 10,981,046 12,203,531 14,341,382 16,848,862
Minority interest
Profit after tax and exceptional items and Minority interest 7,177,973 10,981,046 12,203,531 14,341,382 16,848,862
Profit for the year 7,177,973 10,981,046 12,203,531 14,341,382 16,848,862
Attrributable to:
Owners of the parent 7,177,973 10,981,046 12,203,531 14,341,382 16,848,862
Basic and diluted earnings per share (KShs) 2.76 3.72 4.11 4.82 5.63
Dividend per share (KShs) 1.25 1.85 1.9 2.00 2.00
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Profit for the year 7,177,973 10,981,046 12,203,531 14,341,382 16,848,862
Other comprehensive income
Items that will never be reclassified to profit or loss
Re-measurement of defined pension fund  –  – 1,191,000 727,000 -177,800
Related tax at 30%  –  – -357,300 -218,100
 –  – 833,700 508,900 -177,800
Items that are or may be classifed to profit or loss
Exchange differences on translation of foreign operations -278,084 -193,666 97,273 -736,114 904,406
Available for sale financial assets:
Unrealized loss/gain arising from measurement at fair value 14,558 -2,208,502 1,898,331 -78581 70,678
Cumulative realized gain arising from disposal made during the year -137,110  –  –  –  –
Other comprehensive income for the year, net of taxes -400,636 -2,402,168 2,829,304 -305,795 797,284
Total comprehensive income for the year  6,777,337 8,578,878 15,032,835 14,035,587 17,646,146
Attributable to:
Owners of the parent 6,777,337 8,578,878 15,032,835 14,035,587 17,646,146