Kakuzi Limited is a Kenya-based company, which is engaged in the cultivation of tea; growing, packing and selling of avocados; livestock farming; growing and selling of pineapples, and forestry and macadamia development. The Company’s segments include Avocados, Tea, Forestry and all other. Its Other segment includes the business activities of livestock, fresh pineapples, macadamia and joint projects. Its products include tea, avocado, pineapple, macadamia orchards, livestock and forestry. The Company’s livestock products and services include cattle breeding services, beef and dairy cattle, Offals and Hides, Cattle Manure and Hay. It offers forestry products, such as poles, timber, flower supports, fencing posts, gates, wooden planting boxes, doors, door frames, heat treated pallets, charcoal and bee hives. The Company has presence in Kenya, including Makuyu and Nandi Hills. Its subsidiaries include Estates Services Limited and Kaguru EPZ Limited.

LOCATION

Kakuzi Ltd

P O Box 24Thika

NAIROBI 01000

Kenya

PHONE

+254 602033012

FAX

+254 602031394

WEBSITE

http://www.kakuzi.co.ke

Total Shares Outstanding : 19,599,999

Shareholding Information (31 Sep 2015)

Shareholder Holdings(%)
John Kibunga Kimani 27.76
Bordure Limited 26.06
Lintak Investments Limited 24.64
Standard Chartered Nominees – A/C 9532 1.73
G H Kluge & Sons Limited 1.22
Kenyalogy.com Limited 1.10
CFC Stanbic Nominees Ltd – A/C NR1031143 1.02
HBSC Global Custody Nominee (UK) Ltd 1.02
Joe Barrage Wanjui 0.62
John Okuna Ogango 0.53
Others 14.3
Total 100

Kakuzi Income Statement

Kakuzi Consolidated Income Statement

Period Ended 31 Dec 2016 31 Dec 2015 31 Dec 2014
Shs’ 000 Shs’ 000 Shs’ 000
Sales 2,481,844 1,689,917
Gains From Sales of Assets 114,262 79,313
2,596,106 1,769,230
Cost of Sales (1,260,464) (1,132,563)
Gross profit 1,335,642 636,667
Other Income/Expenses (3,236) 6,402
Distribution costs (655,224) (487,376)
Operating profit 677,182 155,693
Finance income 88,502 84,791
Finance cost (1,239) (7,685)
Profit before income tax 764,445 232,799
Income tax expense (236,758) (72,594)
Profit for the year 527,687 160,205
Other comprehensive income
Other benefit Obligations 4,955 (6,005)
Total comprehensive income 532,642 154,200
Earnings Per Share (Shs)
Basic & Diluted EPS 26.92 8.17

Kakuzi Balance Sheet

Period Ending 31 Dec 2015 31 Dec 2014
Shs’ 000 Shs’ 000
EQUITY
Share Capital 98,000 98,000
Other reserves 8,936 3,981
Retained earnings 3,234,793 2,805,106
Proposed dividend 98,000 73,500
Total equity 3,439,729 2,980,587
Non current liabilities
Deferred income tax 684,214 637,220
Post employment benefit obligations 57,885 58,085
742,099 695,305
Total equity and non current liabilities 4,181,828 3,675,892
Non current assets
Property, plant and equipment 767,473 559,528
Biological assets 2,183,617 2,028,499
Prepaid operating lease rentals 4,394 4,399
Investment in subsidiaries 4,295 4,295
Financial assets held to maturity 46,153 61,538
Current assets 3,029,401 2,680,664
Inventories 83,562 62,122
Receivables and prepayments 255,692 129,888
Cash and bank balances 1,175,434 973,690
Financial assets held to maturity 15,385 15,385
Current liabilities
Payables and accrued expenses 235,407 158,530
Current income tax 128,124 16,572
Post employment benefit obligations 14,115 10,755
377,646 185,857
Net current assets 1,152,427 995,228
4,181,828 3,675,892

Kakuzi Consolidated Statement Of Cash Flow

Period Ended 31 Dec 2015 31 Dec 2014
Shs’ 000 Shs’ 000
Operating Activities
Cash generated from operations 875,440 455,261
Interest received 77,432 84,791
Interest paid 1,239
Income tax paid (80,336 ) (47,290 )
Net cash from operating activities 873,775 492,762
Investing activities
Purchase of property, plant and equipment (263,985 ) (63,818)
Purchase of biological assets and development (353,813) (307,321)
Proceeds from disposal of property, plant and equipment 3,882 5,424
Repayments of financial assets held to maturity 15,385 15,385
Net cash used in investing activities (598,531) (350,330)
Financing activities
Dividend paid (73,500) (73,500)
Net cash used in financing activities (73,500) (73,500
Increase in cash and cash equivalents 201,744 68,932
Movement in cash and cash equivalents
At start of year 973,690 904,758
Increase 201,744 68,932
Year End Cash 1,175,434 973,690
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