Final Sameer Annual Report 2010 - Sameer Africa Limited
Final Sameer Annual Report 2010 - Sameer Africa Limited Final Sameer Annual Report 2010 - Sameer Africa Limited
Notes to the consolidated financial statements for the year ended 31 december 2010 Group Company (ii) Amounts due to: 2010 2009 2010 2009 KShs ‘000 KShs ‘000 KShs ‘000 KShs ‘000 Subsidiaries: Taqwa Trading Limited - - 29,371 - Sameer Industrial Park Limited - - 116,344 - Sameer Africa (Uganda) Ltd - - 10,548 - Sameer EPZ Limited - - 11,996 52,620 X 46 SAMEER Annual Report 2010 2009 - - 168,259 52,620 Other related companies: Ryce East Africa Limited 2,052 250 2,034 250 Swift Global Kenya Limited 385 - 385 - 2,437 250 2,419 250 Company: 2010 2009 (a) Directors’ remuneration KShs‘000 KShs‘000 Fees for services as a director 5,340 4,950 Other emoluments (included in key management compensation above) 13,239 14,273 Total remuneration of directors of the Company 18,579 19,223 29. COMMITMENTS (a) Capital commitments Capital expenditure contracted for as at financial reporting date but not recognised in the financial statements is as follows: Group Company 2010 2009 2010 2009 KShs ‘000 KShs ‘000 KShs ‘000 KShs ‘000 Property, plant and equipment 19,486 59,343 19,486 59,343
Notes to the consolidated financial statements for the year ended 31 december 2010 (b) Operating lease commitments Payments due under lease hire of motor vehicles are as follows: Group Company 2010 2009 2010 2009 KShs ‘000 KShs ‘000 KShs ‘000 KShs ‘000 Not later than 1 year 3,164 2,138 3,164 2,138 Later than 1 year and not later than 5 years 225 225 225 225 3,389 2,363 3,389 2,363 Payments due under lease rentals: Not later than 1 year 34,962 34,190 730 2,867 Later than 1 year and not later than 5 years 98,447 116,597 225 590 Later than 5 years 32,691 32,691 - - 166,100 183,478 955 3,457 SAMEER Annual Report 2010 47
- Page 3 and 4: Table of Contents Page Corporate In
- Page 5 and 6: Notice to the annual general meetin
- Page 7 and 8: Chairman’s Statement Following my
- Page 9 and 10: Managing Director’s Remarks 2010
- Page 11 and 12: Report of the Directors The directo
- Page 13 and 14: Board of Directors Seated from left
- Page 15 and 16: Corporate Governance The aggregate
- Page 17 and 18: Management Team Mr. M. M. Karanja M
- Page 19 and 20: Report of the independent auditors
- Page 21 and 22: Consolidated statement of financial
- Page 23 and 24: Company statement of changes in equ
- Page 25 and 26: Notes to the consolidated financial
- Page 27 and 28: Notes to the consolidated financial
- Page 29 and 30: Notes to the consolidated financial
- Page 31 and 32: Notes to the consolidated financial
- Page 33 and 34: Notes to the consolidated financial
- Page 35 and 36: Notes to the consolidated financial
- Page 37 and 38: Notes to the consolidated financial
- Page 39 and 40: Notes to the consolidated financial
- Page 41 and 42: Notes to the consolidated financial
- Page 43 and 44: Notes to the consolidated financial
- Page 45 and 46: Notes to the consolidated financial
- Page 47: Notes to the consolidated financial
Notes to the consolidated financial statements<br />
for the year ended 31 december <strong>2010</strong><br />
Group Company<br />
(ii) Amounts due to: <strong>2010</strong> 2009 <strong>2010</strong> 2009<br />
KShs ‘000 KShs ‘000 KShs ‘000 KShs ‘000<br />
Subsidiaries:<br />
Taqwa Trading <strong>Limited</strong> - - 29,371 -<br />
<strong>Sameer</strong> Industrial Park <strong>Limited</strong> - - 116,344 -<br />
<strong>Sameer</strong> <strong>Africa</strong> (Uganda) Ltd - - 10,548 -<br />
<strong>Sameer</strong> EPZ <strong>Limited</strong> - - 11,996 52,620<br />
X 46 SAMEER <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong> 2009<br />
- - 168,259 52,620<br />
Other related companies:<br />
Ryce East <strong>Africa</strong> <strong>Limited</strong> 2,052 250 2,034 250<br />
Swift Global Kenya <strong>Limited</strong> 385 - 385 -<br />
2,437 250 2,419 250<br />
Company: <strong>2010</strong> 2009<br />
(a) Directors’ remuneration KShs‘000 KShs‘000<br />
Fees for services as a director 5,340 4,950<br />
Other emoluments (included in key management compensation above) 13,239 14,273<br />
Total remuneration of directors of the Company 18,579 19,223<br />
29. COMMITMENTS<br />
(a) Capital commitments<br />
Capital expenditure contracted for as at financial reporting date but not recognised in the financial statements is as follows:<br />
Group Company<br />
<strong>2010</strong> 2009 <strong>2010</strong> 2009<br />
KShs ‘000 KShs ‘000 KShs ‘000 KShs ‘000<br />
Property, plant and equipment 19,486 59,343 19,486 59,343
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