Standard Chartered Bank Kenya : H1 2023 Unaudited Results (Standard Chartered Investment Services Limited)

Standard Chartered Bank Kenya Limited

The Board of Directors of Standard Chartered Investment Services Limited is pleased to announce the un-audited results of the Company for the six month period ended 30 June 2023

STATEMENT OF COMPREHENSIVE INCOME
		30 June 2023	30 June 2022
		Un-audited	Un-audited
		KShs.000	KShs.000
Income
Advisory/consultancy fees	714,606	783,978
Interest income	-	-
Other income/(losses)		-	-
Total Income		714,606	783,978
Expenses
Employee costs	38,805	26,962
Operational and administrative expenses		171,985	156,457
Total expenses	210,790	183,419
Operating profit	503,816	600,559
Finance osts		-	-
Profit/loss before tax	503,816	600,559
Income tax expense		144,174	181,488
Profit/loss after tax		359,642	419,071
STATEMENT OF FINANCIAL POSITION
		30 June 2023	31 December 2022
		Un-audited	Audited
		KShs.000	KShs.000
Non-current assets
Deferred tax asset		33,693	48,342
Total non-current assets		33,693	48,342
Current assets
Other trade receivables	68,591	44,832
Amounts due from group companies	88,771	59,821
Office cash and bank balances	239,729	458,727
Current tax asset		58,433	23,890
Total current assets	455,524	587,270
TOTAL ASSETS		489,217	635,612
Share capital and reserves
Paid up ordinary share capital	20,000	20,000
Revenue reserves	99,899	4,359
Proposed dividends		264,102	511,440
Total shareholders' funds		384,001	535,799
Current liabilities
Amounts due to group companies	103,313	97,236
Accrued expenses	1,903	2,577
Current tax liability		-	-
Total current liabilities	105,216	99,813
TOTAL EQUITY AND LIABILITIES		489,217	635,612

The above financial statements are extracts from the books of the Company.

Kariuki Ngari	Chemutai Murgor
Director	Director

OTHER DISCLOSURES
	30 June 2023	31 December 2022
	Un-audited	Audited
	KShs.000	KShs.000
1. Capital strength
a. Paid up capital	20,000	20,000
b. Minimum capital required	10,000	10,000
(a-b) Excess/(deficiency)	10,000	10,000
2. Shareholders' funds
a. Total shareholders' funds	384,001	535,799
b. Minimum shareholders' funds required	10,000	10,000
(a-b) Excess/(deficiency)	374,001	525,799
3. Liquid capital
a. Liquid capital	284,007	458,335
b. Minimum liquid capital (the higher of	8,417	7,985
KShs 5m and 8% of liabilities)
(a-b) Excess/(deficiency)	275,590	450,350

8 August 2023