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Sacco Reports

AFYA SACCO SOCIETY LTD REPORTS
The Central Management Committee has pleasure to present its annual report and audited accounts for the year ended 31st December, 2004.

PRINCIPAL ACTIVITY
The society continued with its principal activity of receiving savings from, and giving loans to its members.The society also provide Front Office Services to its members.

CENTRAL MANAGEMENT COMMITTEE MEMBERS
The Committee Members at the close of the year are shown on page
All committee members retire during the Annual General Meeting as per the new rules and being eligible offer themselves for re-election.

DIVIDENDS, INTEREST REBATE AND HONORARIA
The Central Management Committee recommends the following payments for approval:

  2004 2003
Dividend on shares

10.00%
10.00%
Interest rebate on members deposits

3.70%
3.70%
Committee honoraria

Sh 1.70m
1.7m

 

 

 




AUDITORS
The auditors, Messrs. Kinyori & Associates, Certified Public accountants (K) have expressed willingness to continue in office subject to the members' approval at the Annual Delegates Meeting.
Balance Sheet as at 31st December 2006
Cashflow Statement for the year Ended 31st December 2006
Statistical Information as at 31st December 2006
Balance Sheet as at 31st December 2004
Cash flow statement for the year ended 31 December 2004
Income and expenditure account
Report of the central management committee
Statement of the central management committee

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