COMPETITION AUTHORITY OF KENYA THE COMPETITION AUTHORITY OF KENYA ANNUAL REPORT 2013/2014 Table of Contents Part I Annual Report 2013/2014 CORPORATE INFORMATION iv PREAMBLE v Vision 1 Mission 1 Motto 1 Core Values 1 Mandate 1 CORPORATE GOVERNANCE 3 The Board 4 Role of the Board 8 Board Meetings 8 Technical and Strategy Committee 9 Human Resources Committee 9 Audit and Risk Management Committee 9 Finance Committee 9 Senior Management 10 CHAIRMAN’S STATEMENT 13 DIRECTOR GENERAL’S STATEMENT 16 Introduction 16 Mergers and Acquisitions Department 19 Enforcement and Compliance Department 22 Consumer Affairs Department 25 Human Capital and Infrastructure Development 38 Legal Department 43 i Communications and External Relations 45 ICT Unit 47 Procurement Unit 47 Internal Audit and Risk Management 48 Finance Department 49 Challenges 49 Way Forward 50 Conclusion 51 Part II Financial Statements for the year 2013/2014 52 Statement of the Directors’ Responsibility 53 Report of the Independent Auditor-General 54 Statement of Financial Position 56 Statement of Financial Performance 57 Statement of Changes in Net Assets 58 Statement of Cashflows 59 Statement of Comparison of Budgets and Actual Amounts 60 Notes to the Financial Statements 61 Annexes 74 ANNEX 1: Merger Notifications 74 ANNEX 2: Advisory Opinions 84 ANNEX 3: Enforcement and Compliance and Consumer Affairs Cases 86 ANNEX 4: Summary of Consumer Affairs Cases 89 ii PART I ANNUAL REPORT 2013/2014 iii Corporate Information Physical Address: Kenya Railways HQs Block ‘D’, Ground Floor, Workshop Road off Haile Selassie Avenue, P.O Box 36265 – 00200, NAIROBI, Kenya. Tel:+254-20-2628233 Website: www.cak.go.ke Email:
[email protected] Auditors: Auditor General, Kenya National Audit Office, Anniversary Towers, P.O.