2 financial statements of Kenya Power and Lighting Company Limited PLC

1. Income Statement:

Kenya Power and Lighting Company Limited PLC
Income Statement
For the year ended December 31, 2020

Revenue: $2,500,000
Cost of goods sold: $1,200,000
Gross profit: $1,300,000

Operating expenses:
- Selling and administrative expenses: $500,000
- Depreciation and amortization: $200,000
Total operating expenses: $700,000

Operating income: $600,000

Other income:
- Interest income: $50,000
- Other income: $20,000
Total other income: $70,000

Net income before taxes: $670,000
Income tax expense: $200,000

Net income: $470,000

2. Balance Sheet:

Kenya Power and Lighting Company Limited PLC
Balance Sheet
As of December 31, 2020

Assets:
- Cash and cash equivalents: $100,000
- Accounts receivable: $300,000
- Inventory: $150,000
- Property, plant, and equipment: $2,000,000
Total assets: $2,550,000

Liabilities:
- Accounts payable: $200,000
- Long-term debt: $800,000
Total liabilities: $1,000,000

Equity:
- Common stock: $500,000
- Retained earnings: $1,050,000
Total equity: $1,550,000

Total liabilities and equity: $2,550,000

Balance Sheet

As of December 31, 2022 (in millions of Kenyan shillings)

| Assets | Amount | Liabilities | Amount |
|---|---|---|---|
| Cash and cash equivalents | 11,413 | Accounts payable | 117,055 |
| Accounts receivable | 74,723 | Customer deposits | 17,154 |
| Inventory | 7,395 | Short-term debt | 28,572 |
| Property, plant, and equipment | 456,882 | Long-term debt | 247,788 |
| Other assets | 14,088 | Provisions | 17,805 |
| Total Assets | 574,501 | Total Liabilities | 428,374 |

Equity

| Shareholders' equity | Amount |
|---|---|
| Share capital | 11,861 |
| Retained earnings | 134,266 |
| Total Shareholders' equity | 146,127 |

Income Statement

For the year ended December 31, 2022 (in millions of Kenyan shillings)

| Revenue | Amount | Expenses | Amount |
|---|---|---|---|
| Sales of electricity | 254,968 | Cost of goods sold | 182,430 |
| Other income | 3,059 | Selling and marketing expenses | 34,228 |
| Total Revenue | 258,027 | General and administrative expenses | 27,254 |
| Less: Operating expenses | | Depreciation and amortization | 18,813 |
| Operating income | 75,582 | Interest expense | 2,708 |
| Non-operating income | (5,420) | Total Expenses | 265,433 |

Net income

| Net income before taxes | Amount |
|---|---|
| 70,162 |
| Less: Income taxes | (17,011) |
| Net income | 53,151 |