DOCSLIB.ORG

Daily Market Brief

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Daily Market Brief Market Update th 9 April 2019 USE ALSI Close: 1,793.72 Previous: 1,797.28 (UP: 9.84% YTD) - USD/UGX: 3,733.13 Previous: 3,733.29 (Down:0.70%YTD) USE ALSI* Key Statistics: Close 1,793.72 Market Synopsis: 1D* % Change (0.20) Market activity shrunk as turnover dropped to Ugx2.48Mn ($665) compared to MTD* % Change 1.83 yesterday’s Ugx33.24Mn ($8,906). Umeme remained attractive during trading as YTD* % Change 9.84 Ugx1.86Mn was made on its counter. Its shares were traded at Ugx300 each. NIC 52 Week Range 1,590.22–2,269.50 Holdings traded at Ugx13.90 making Ugx0.48Mn in turnover. CiplaQCIL and Volume 44,390 D fcu generated a combined Ugx0.14Mn in turnover. Their shares were exchanged Turnover (ugx) 2.48Mn($665) at Ugx190 and Ugx670 respectively. The ALSI lost 0.20% to 1,793.72 whereas the PE 6.86 C8 Index added just 0.10% to 138.87. EPS 60.85 Headlines: Dividend Yield 2.1% Barriers to free electricity connections: In the last five months alone, the Market Cap (Ugx) 24,984.12Bn ($6,752.47Mn) number of applicants for electricity connections to the country’s main distribution grid has increased by 53.8 per cent, according to industry statistics. This is largely USE ALSI*- USE All Share Index, 1D*- One Day, MTD*- Month to Date, YTD*- Year to Date Source: Uganda Securities Exchange, Blomberg attributed to the government’s launch of the free Electricity Connections Policy 2,300 (ECP) through which government wants 0.3 million households connected USE ALSI INDEX - 12 months annually. Applicants now do not have to pay Shs98,000 for a no pole service or the 2,250 Shs326,000 for a one pole service. And where they would have had to pay 2,200 Shs41,300 as inspection fee, they now pay only Shs20,000. As a result, Uganda’s 2,150 largest power distributor by customer numbers (1.3 million customers), Umeme 2,100 Limited, now receives a mean of 1,000 applicants daily, which is 22 percentage 2,050 points above ECP’s average. “The applications we receive have increased from an average of 650 per day to close to 1, 000,” Florence Nsubuga, Umeme’s chief 2,000 operations officer, said recently in Kampala. “That means people welcome the 1,950 policy. As Umeme, we are committed to supporting the government agenda to 1,900 connect more people to the grid,”Ms Nsubuga said. To support the government’s 1,850 free connections policy, the utility says it will continue expanding power 1,800 infrastructure such as lines, transformers and substations. Government rolled out ECP in November 2018 to increase access to electricity from 24 per cent to 60 per 1,750 cent by 2027. According to a Rural Electricity Agency (REA) document, ECP alone 1,700 will contribute to the consumption of 500 megawatts (MW). With the recent 1,650 addition of the 183 megawatts generated from Isimba dam to the national grid, the 1,600 country’s total power generated capacity has increased to 1,167 Megawatts (MW) 1,550 which is beyond the peak demand of about 625MV. (Daily Monitor) Sub-Saharan economic growth recovery to take longer - World Bank: World 1,500 Bank has cut its growth forecast for Sub-Saharan Africa this year to 2.8 percent from an initial 3.3 percent, it said on Monday. The commodity price slump of 2015 cut short a decade of rapid growth for the region, and the bank said growth would take longer to recover as a decline in industrial production and a trade dispute Source: Uganda Securities Exchange between China and the United States take their toll. The bank’s 2019 forecast means economic growth will lag population growth for the fourth year in a row Crested 9 Price Snapshot: and it will remain stuck below 3 percent, which it slipped to in 2015. In its latest Close 52 Week Range YTD % Ch. report on the regional economy, the bank also cut its 2018 growth estimate to 2.3 C9 138.87 122.30– 158.15 (4.49) percent from last October’s prediction of 2.7 percent growth for last year. “The BATU 30,000 30,000 – 30,000 0.00 slower-than-expected overall growth reflects ongoing global uncertainty, but BOBU 130 120 – 160 (7.14) increasingly comes from domestic macroeconomic instability including poorly DFCU 670 670 – 970 (18.59) managed debt, inflation and deficits,” the bank said. Nigeria, South Africa and CQCIL 190 174.23– 262.00 0.00 Angola, which make up about 60 percent of sub-Saharan Africa’s annual economic NIC 13.70 13.50–19.70 (0.21) output, were all facing various challenges, curbing their contribution to the growth NVL 334 330 – 510 (1.44) momentum, the bank said. “This downward revision reflects slower growth in SBU 30 28.09– 33.00 (3.23) Nigeria and Angola, due to challenges in the oil sector, and subdued investment UCL 16.90 16.61– 29.00 (11.05) growth in South Africa, due to low business confidence,” it said. (Reuters) UMEM 300 292.05-410.00 (6.25) Forex Outlook: The Ugandan shilling was stable on Tuesday but was forecast to *C8 is Crested 8 Local companies Index weaken, hurt by demand from energy companies and some foreign-owned firms preparing to pay dividends. The local currency traded at 3,733/3,743. Regional Counters: Macro Indicators: Close 52 Week Range YTD % Ch. (%) Period NSE 20 2,844.64 2,708.56– 3,862.27 0.38 Inflation (Year on Year) 3.00 Ended March 2019 BRITAM (Kshs) 8.48 8.48– 15.80 (15.20) Central Bank Rate (CBR) 10.0 01/04/19 SAF (Kshs) 28.00 21.30–32.75 26.12 Bank Rate 15.0 01/04/19 KA (Kshs) 5.26 4.88– 17.99 (40.90) 91-day T-Bill 10.11 20/03/19 NSE (Kshs) 13.80 13.40 – 21.75 1.84 182-day T-Bill 11.00 20/03/19 BRL (Rwf) 140 140– 155 (6.67) 364-day T-Bill 12.50 20/03/19 BOK (Rwf) 265 265 – 295 (4.67) CTL (Rwf) 50 50 – 58 (5.66) Forex Close Prev. YTD % Ch. Sources: Crested Research, Uganda Securities Exchange, Nairobi Securities Exchange, GBP/UGX 4,857.68 4,883.95 (3.27) Rwanda Securities Exchange, Bank of Uganda, Bloomberg EUR/UGX 4,190.29 4,187.18 1.16 KEN/UGX 37.04 37.11 (1.81) CRESTEDCAPITAL RESEARCH CONTACT TZS/UGX 1.61 1.61 0.00 Impala House 1st Floor, Plot 13/15 Kimathi Avenue Hotline: +256 414 230900 RWF/UGX 4.24 4.25 0.70 @: [email protected], W: www.crestedcapital.com DISCLAIMER: The information contained herein is obtained from sources, which to the best of our knowledge are reliable. As such, we are not responsible or liable for any factual errors arising thereof. The opinions expressed herein are ours and are subject to change anytime without notice. .
Load more

Recommended publications
  • Transforming Uganda CONTENTS
    SP027/2018 POWER Transforming Uganda CONTENTS PUBLISHER: The Independent Publications Limited. YEAR: 2018 MANAGING DIRECTOR: Andrew M. Mwenda GENERAL MANAGER: Charles Kankya SALES & MARKETING: Peter Kusiima EDITOR: Haggai Matsiko WRITERS: Julius Businge, Agnes Nantaba, Agather Atuhaire, Flavia Nassaka PHOTOGRAPHY: Silver Ofwono, Jimmy Siya CREATIVE & GRAPHIC DESIGN: Tim Katuramu, Moses Mwesigwa Independent Publications Ltd. P.O. Box 3304 Kampala Uganda Email: [email protected] All rights reserved. No part of this publication may be reproduced in any material form (including photocopying or storing in any medium by electronic means) without the prior written permission of the copyright holders. Application for the copyright holder's written permission to reproduce any part of this publication should be addressed to the publisher CONTENTS Umeme has stabilised power supply 1 Umeme is a top grade performer 3 How Umeme has transformed Electricity 4 distribution in East Africa Our ambition is to power Uganda’s 7 prosperity Umeme is an exemplary company in East 12 Africa How Umeme freed up capital for investment 36 into power generation How Umeme has built a competitive work 60 force UMA commends Umeme for power 68 distribution Umeme growing small businesses 96 Umeme powers 2,004 schools 108 Prepaid meters saved Mulago from darkness 110 Umeme facilitates medical research in Uganda 120 NWSC: Umeme critical to water production 124 and supply Umeme is biggest distributor of power to 128 rural communities Creating meaningful impact through CSR 133 investments Umeme plans to invest US$1 billion to meet 140 new power demands Simon D’Ujanga, Minister of State for Energy Umeme has stabilised power supply ew Ugandans may understand “Umeme has improved the the contribution of Umeme to collection rate against billed customers the country’s power sector and Umeme’s and this has further improved with pre- economy as much as Simon significant paid metering,” D’Ujanga notes.
    [Show full text]
  • Job Creation Impact Study: Bugoye Hydropower Plant, Uganda
    Job Creation Impact Study: Bugoye Hydropower Plant, Uganda Final Report Andrew Scott, Emily Darko, Prachi Seth and Juan-Pablo Rud June 2013 Confidential Acknowledgements We are grateful to a number of people for their inputs into this report. To Alexia Santallusia for her inputs and assistance during the research trip to Uganda, to Karen Ellis (Head of Programme, Private Sector and Markets Programme, ODI) for her comments on the research methodology and to Emma Lovell (Programme Officer, Climate Change, Environment and Forests Programme) for project support and formatting the report. We are especially grateful to Annicent Busingye, General Manager of TronderPower Ltd, and her team at the plant, for their help during the field trip and their provision of data and information to support the project. Thanks are also due to reviewers from the Uganda Electricity Regulatory Authority, the World Bank and the International Finance Corporation, for comments on the draft report. Finally, we are grateful to all of the people who participated in interviews and provided data and background information to the project. In addition, the PIDG PMU would like to sincerely thank the following peer reviewers for their detailed and constructive comments: James-Philip Sembeguya, Statistician, Electricity Regulatory Authority (ERA), Uganda; Namita Datta, Member of IFC Open Source Job Creation Study Team, IFC, Washington DC; and, Somin Mukherji, Energy Specialist for Uganda, the World Bank, Washington DC. Overseas Development Institute Disclaimer: The views presented in this paper 203 Blackfriars Road, London, SE1 8NJ are those of the author(s) and do not necessarily represent the views of ODI or our Tel: +44 (0)20 7922 0300 partners.
    [Show full text]
  • Business DAX DOW JONES Business Down -0.54% at 6055.86 up 4.24% at 12045.68
    40 NEW VISION, Friday, December 2, 2011 MARKET MOVING NEWS OIL Down 92CTS at 109.60 FTSE Up 0.44% at 5529.54 CAC Down -0.06% at 3152.65 Business DAX DOW JONES Business Down -0.54% at 6055.86 Up 4.24% at 12045.68 FOREX By MACRINES Producer price inflation increases to 35% Shilling up against US dollar NYAPENDI RATES By MACRINES NYAPENDI Street noted that due to load By SAMUEL SANYA 0.5% reduction in the produc- by 42.1%,” the report shows. shedding, darkness drives JAFFERY FOREX Tel.347090/1 er inflation rate from 36.2% at During the month, factory The shilling yesterday dra- away customers because they Currency Buy sell The annual producer prices in- the end of August. gate prices of sugar went up matically gained against all feel insecure. dex rose to 35.7% in Septem- “There was a general in- 20.3%, prices of processed fish traded currencies, boosted by The shilling opened the US Dollar 2540 2555 ber, from 29% in July, thanks to crease in prices in all sectors. rose by 2.8%, those of vegeta- improved dollar inflows and day at 2,552/2,570 against Pound Sterling 3970 4040 an increase in processed food “Notable increases were in ble oil increased by 1.2%. lack of power. the dollar, but strengthened Euro 3410 3460 prices, the bureau of statistics prices of processed food by The report notes that despite “Ugandans abroad have to trade at 2,500/2,565 in Kenya Shs 27.7 28.7 indicates in a report.
    [Show full text]
  • Uganda UGANDA
    South Sudan DR Our Congo Network Kitgum Distribution Albert Nile Gulu in Uganda UGANDA Umeme’s 458,000 customers are located mainly in urban centres. Lira Masindi Umeme’s footprint extends for 1 km Soroti around the backbone line Lake Albert Hoima Lake Kyoga Bombo V i c Mbale t o r ia N Tororo i Mityana l Fort Portal e Iganga Kampala Jinja Kenya Kasese L. George Entebbe Katonga l Lake Kazinga Channe Masaka Edward Bushenyi Lake Victoria Mbarara Kabale Tanzania Rwanda Highlights Page 2-3 Messages from Staff Page 4-5 Appreciation for Umeme’s Service Page 6 Umeme Relies on Local Suppliers Page 7 Board of Directors Page 8-9 Safety is Paramount Page 10 Message by the Chairman of the Board Page 11 Customer Contact Centre Page 12 Message by the Managing Director Page 13 Umeme’s Control Centre Key Umeme Staff Page 17 Financial Report for 2011 Page 18 Umeme powers Kampala Company Information Page 18 Report of the Directors Page 19 Statement of the Directors’ Responsibilities Page 23 Financial Statements Page 24 Income Statement Page 25 Statement of Comprehensive Income Page 26 Statement of Financial Position Page 27 Statement of Changes in Equity Page 29 Statement of Cash Flows Page 30 Notes to the Financial Statements Page 32 Contents Cover: Pre-payment customers can purchase vouchers at supermarkets like Nakumatt 1 Umeme Annual Report and Financial Statements for the year ended December 2011 VVIWYPXMRKMRWYWXEIWYPXMRKMRWYWXEMRIHKMRIHKVSVS[XLMRXLI[XLMRXLI EERHWMKRMJMGERHWMKRMJMGERXMQTVRXMQTVSZSZIQIRXMRIQIRXMR [LMPWXHIPMZ[LMPWXHIPMZIVIVMRKZEPYIMRKZEPYI
    [Show full text]
  • Download the UMEME App in 4 Easy Steps
    Welcome to the Umeme Integrated Annual Report 2017 At Umeme we supply electricity and related services our customers need Strategic Report in a safe, reliable and sustainable way About Umeme Our Corporate Profile 1 across Uganda. Background Information 2 Our Business 4 The Board of Directors 8 We are listed on the Uganda Stock Senior Management Team 14 Business Highlights 17 Exchange and the Nairobi Stock Chairman’s Report 22 Exchange. Managing Directors Report 26 Our Financial And Business Performance Our performance in 2017 Financial Review 28 demonstrates the value of a Operational Performance Review 32 business built on core strengths and Governance and Risk Management Corporate Governance Report 56 a commitment to providing long- Risk Management 64 term value for our shareholders and Financial Statements meeting the needs of our customers. Directors Report 68 Statement of Directors’ Responsibilities 71 Report of the Independent Auditor 72 This Report, addressed to Umeme’s Statement of Profit or Loss 78 shareholders, details Umeme’s Statement of Comprehensive Income 79 Statement of Financial Position 80 performance in 2017. Statement of Changes in Equity 81 Statement of Cash Flows 82 Notes to the Financial Statements 83 Supplementary Information 140 Shareholder Information Chairman’s Letter to Shareholders 147 Notice to the Annual General Meeting (AGM) 148 Proxy Form 150 Our Corporate Profile PRINCIPAL PLACE OF BUSINESS AND COMPANY SECRETARY REGISTERED ADDRESS SHONUBI, MUSOKE & CO ADVOCATES UMEME LIMITED SM Chambers Rwenzori House, Plot 14 Hannington Road Plot 1 Lumumba Avenue P. O. Box 23841, Kampala, Uganda P. O. Box 3213, Kampala, Uganda Tel: 0312 360 600 Email: [email protected], www.umeme.co.ug AUDITORS SHARE REGISTRARS KPMG CUSTODY AND Certified Public Accountants REGISTRAR SERVICES 3rd Floor, Rwenzori courts UGANDA LTD.
    [Show full text]
  • Umeme Limited Integrated Report 2016
    CONTENTS ABOUT US OUR BUSINESS OUR PERFORMANCE Our Corporate Profile 4 Our Value Chain 22 Financial Capital 32 About this Report 5 Capital and Business Relationship 23 Human Capital 34 Who We Are 5 Management of Capitals 24 Infrastructure Capital 37 Our Vision, Mission and Values 6 Stakeholder Engagement 26 Intellectual Capital 39 Umeme Footprint 7 Our Material Issues 27 Natural Capital 43 Our Operating Context 8 Social and Relationship Capital 44 Our Leadership Team 11 Our Management Team 14 Chairman’s Message 16 Managing Director’s Statement 18 2 Umeme Limited Integrated Report 2016 GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDERS INFORMATION Enterprise Risk Management 50 Directors Report 62 Board of Directors Profiles 138 Corporate Governance Statement 51 Statement of Directors’ Responsibilities 66 Chairman’s letter to Shareholders 141 Report of the Independent Auditor 67 Notice of the Annual General Meeting (AGM) 142 Statement of Profit or Loss 72 Proxy Form 144 Statement of Other Comprehensive Income 73 Statement of Financial position 74 Statement of Changes in Equity 75 Statement of Cash Flows 76 Notes to the Financial Statements 77 Supplementary Information 128 Umeme Limited Integrated Report 2016 3 Our Corporate Profile Principal place of business and registered address Umeme Limited Rwenzori House Plot 1 Lumumba Avenue P. O. Box 23841 Kampala, Uganda Company Secretary Shonubi, Musoke & Company Advocates SM Chambers 14 Hannington Road P. O. Box 3213 Kampala, Uganda Auditors Share Registrars KPMG Custody and Registrar Services Uganda Ltd. Certified Public Accountants 12th Floor DTB Centre 3rd Floor Rwenzori Courts Kampala Road Plot 2 & 4A, Nakasero Road Kampala, Uganda P O Box 3509 Kampala, Uganda Main Bankers Standard Chartered Bank Uganda Limited Stanbic Bank Uganda Limited Plot 5 Speke Road Corporate Branch, Crested Towers P.
    [Show full text]
  • MAKERERE UNIVERSITY ANALYSIS of CUSTOMER SATISFACTION with SERVICES PROVIDED by UMEME LIMITED SINCE INCEPTION. a Case Study
    MAKERERE UNIVERSITY ANALYSIS OF CUSTOMER SATISFACTION WITH SERVICES PROVIDED BY UMEME LIMITED SINCE INCEPTION. A case study of Ntinda-Kampala (Mutoola Zone-Bukoto II Parish) BY KIYINGI VICTOR, BSc. QE(Mak) 16/U/6232/EVE A DISSERTATION SUBMITTED TO THE COLLEGE OF BUSINESS AND MANAGEMENT SCIENCES IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF BACHELOR OF SCIENCE IN QUANTITATIVE ECONOMICS OF MAKERERE UNIVERSITY. AUGUST, 2019. ACKNOWLEDGEMENT The path of every journey is what matters the most rather than the end. I would therefore declare with at most confidence that the journey to accomplish this research project has been a beneficial one. I would surely like to take note of all those that have walked this lovely journey with me. Firstly, I would like to thank the Almighty God for availing me with the knowledge, wisdom and strength to thrive consistently throughout this active time to get all the activities for the project on track and accomplished I sincerely thank my close classmates; Andrew Lutalo and Abel for their unconditional assistance offered to me. Their hospitality and eagerness to teach me new things that made the entire period a rewarding one. Their counsel whenever need arose cannot be underestimated. Very special thanks go to Mr. Serunjoji Ambrose my supervisor who opened up to me, mentored me, assigned me and guided me in the work related aspects as well as a few life aspects. I can assert strongly that I followed his advice. Special mention goes out to the LC1 chairman of Mutoola zone- Ntinda who guided me and offered assistance where necessary.
    [Show full text]
  • Welcome to the Umeme Integrated Annual Report 2017
    Welcome to the Umeme Integrated Annual Report 2017 At Umeme we supply electricity and related services our customers need Strategic Report in a safe, reliable and sustainable way About Umeme Our Corporate Profile 1 across Uganda. Background Information 2 Our Business 4 The Board of Directors 8 We are listed on the Uganda Stock Senior Management Team 14 Business Highlights 17 Exchange and the Nairobi Stock Chairman’s Report 22 Exchange. Managing Directors Report 26 Our Financial And Business Performance Our performance in 2017 Financial Review 28 demonstrates the value of a Operational Performance Review 32 business built on core strengths and Governance and Risk Management Corporate Governance Report 56 a commitment to providing long- Risk Management 64 term value for our shareholders and Financial Statements meeting the needs of our customers. Directors Report 68 Statement of Directors’ Responsibilities 71 Report of the Independent Auditor 72 This Report, addressed to Umeme’s Statement of Profit or Loss 78 shareholders, details Umeme’s Statement of Comprehensive Income 79 Statement of Financial Position 80 performance in 2017. Statement of Changes in Equity 81 Statement of Cash Flows 82 Notes to the Financial Statements 83 Supplementary Information 140 Shareholder Information Chairman’s Letter to Shareholders 147 Notice to the Annual General Meeting (AGM) 148 Proxy Form 150 Our Corporate Profile PRINCIPAL PLACE OF BUSINESS AND COMPANY SECRETARY REGISTERED ADDRESS SHONUBI, MUSOKE & CO ADVOCATES UMEME LIMITED SM Chambers Rwenzori House, Plot 14 Hannington Road Plot 1 Lumumba Avenue P. O. Box 23841, Kampala, Uganda P. O. Box 3213, Kampala, Uganda Tel: 0312 360 600 Email: [email protected], www.umeme.co.ug AUDITORS SHARE REGISTRARS KPMG CUSTODY AND Certified Public Accountants REGISTRAR SERVICES 3rd Floor, Rwenzori courts UGANDA LTD.
    [Show full text]
  • Umeme-Limited-2019-Final-Annual-Report.Pdf
    Investing For Socio-economic Transformation ANNUAL REPORT 2019 ANNUAL REPORT 2019 REPORT ANNUAL UMEME LIMITED About the Umeme 2019 Annual Report Umeme is pleased to report to shareholders and As delegated by the Board, the Audit Committee stakeholders on the performance of Umeme for oversees the financial reporting and internal control the year ended 31 December 2019. systems, external audit, internal audit and risk management framework. The Company applies the In this report, we review our financial, operational, International Financial Reporting Standards (IFRS) economic, social, environmental and corporate and complies with the Capital Markets, Listing governance framework and performance for the Obligations and the Companies Act 2012. year ended 31 December 2019 and other material developments up to the date of the publication of The Board is accountable for the integrity and this report completeness of the Annual Report and any additional information. The Board approved the The report provides insights to the future of the annual financial statements on 20th March 2020. electricity supply industry and key material issues that the directors consider likely to impact on our ability to meet our targets and achieve good long- range prospects and business sustainability. Contents 1. List of Acronyms and Abbreviations iv 2. Strategic Report 2 2.1 Our Business 2 2.1.1 About Umeme Limited 2 2.1.2 Uganda’s Electricity Generation Capacity 3 2.1.3 Our Vision, Mission and Values 4 2.1.4 Administrative Structure 5 2.1.5 Key Shareholder Information 5 2.2 Our Distribution Footprint 6 2.3 Corporate Information 8 2.4 Performance Highlights at a Glance 9 2.5 Business Review 10 2.5.1 Key Performance Statistics 10 2.5.2 Business Efficiency and Operational Performance Review 11 2.5.3 Financial Performance Review 16 3.
    [Show full text]
  • Uganda UMEME Annual Report 2016.Pdf
    CONTENTS ABOUT US OUR BUSINESS OUR PERFORMANCE Our Corporate Profile 4 Our Value Chain 22 Financial Capital 32 About this Report 5 Capital and Business Relationship 23 Human Capital 34 Who We Are 5 Management of Capitals 24 Infrastructure Capital 37 Our Vision, Mission and Values 6 Stakeholder Engagement 26 Intellectual Capital 39 Umeme Footprint 7 Our Material Issues 27 Natural Capital 43 Our Operating Context 8 Social and Relationship Capital 44 Our Leadership Team 12 Our Management Team 14 Chairman’s Message 16 Managing Director’s Statement 18 2 Umeme Limited Integrated Report 2016 GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDERS INFORMATION Enterprise Risk Management 50 Directors Report 62 Board of Directors Profiles 136 Corporate Governance Statement 51 Statement of Directors’ Responsibilities 65 Chairman’s letter to Shareholders 139 Report of the Independent Auditor 66 Notice of the Annual General Meeting (AGM) 140 Statement of Profit or Loss 71 Proxy Form 142 Statement of Other Comprehensive Income 72 Statement of Financial position 73 Statement of Changes in Equity 74 Statement of Cash Flows 75 Notes to the Financial Statements 76 Supplementary Information 127 Umeme Limited Integrated Report 2016 3 Our Corporate Profile Principal place of business and registered address Umeme Limited Rwenzori House Plot 1 Lumumba Avenue P. O. Box 23841 Kampala, Uganda Company Secretary Shonubi, Musoke & Company Advocates SM Chambers 14 Hannington Road P. O. Box 3213 Kampala, Uganda Auditors Share Registrars KPMG Custody and Registrar Services Uganda Ltd. Certified Public Accountants 4th Floor DTB Centre 3rd Floor Rwenzori Courts Kampala Road Plot 2 & 4A, Nakasero Road Kampala, Uganda P O Box 3509 Kampala, Uganda Main Bankers Standard Chartered Bank Uganda Limited Stanbic Bank Uganda Limited Plot 5 Speke Road Corporate Branch, Crested Towers P.
    [Show full text]
  • Umeme.Co.Ug Website: Find Us on Umeme Limited @Umemelimited 2012 REPORT UMEME ANNUAL
    2012 ANNUAL REPORT ANNUAL For customer service inquiries call 0800 185185 (Toll free), 0312 185185 or 0752 185185 or email [email protected] website: www.umeme.co.ug find us on Umeme limited @umemelimited UMEME POWERING UGANDA Umeme Ltd’s first trading on the Uganda Securities Exchange (USE) 1. Uganda’s Vice President H.E. Edward Ssekandi gives a speech at the Kampala Sheraton Hotel for the listing on the USE on the 30 November 2012. 2. Uganda’s Vice President H.E. Edward Ssekandi rings the bell at the start of the Umeme trading. TABLE OF CONTENTS 1. Corporate Profile 5 2. Financial and Operational Highlights 11 3. Analysis of the Financial Results 15 4. The Board of Directors 16 5. The Management Team 18 6. Chairman’s Report 20 7. Managing Director’s Report 23 8. Sustainability Statement 26 9. Corporate Governance Statement 29 10. Remuneration Report 33 11. Directors’ Report & Financial Statements 35 Report of the Directors 36 Report of the independent auditors 39 Financial Statements 40 • Income Statement 40 • Statement of Comprehensive Income 41 • Statement of Financial Position 42 • Statement of Changes in Equity 43 • Statement of Cash Flows 44 • Notes to the Financial Statements 45 Supplementary Information 89 12. Chairman’s letter to shareholders 95 Notice to members 96 CONTENTS Umeme Limited - Annual Report 2012 3 Shared Purpose Umeme’s shared purpose is “electricity retail and distribution business providing exceptional customer services in a safe, reliable and cost effective manner with a workforce that is well motivated and skilled, generating sufficient profits to sustain and build the business while providing value to shareholders”.
    [Show full text]
  • ANNUAL REPORT 2020 ANNUAL REPORT 2020 REPORT UMEME LIMITED ANNUAL Mukono North UETCL Substation Commissioned in 2020 the INTEGRATED ANNUAL REPORT 1
    Electricity Distribution for a Better Uganda ANNUAL REPORT 2020 ANNUAL REPORT 2020 REPORT ANNUAL UMEME LIMITED Mukono North UETCL Substation commissioned in 2020 THE INTEGRATED ANNUAL REPORT 1 WHAT WE STAND FOR 2 OUR BUSINESS 4 MANAGEMENT REVIEW & ANALYSIS 16 CHAIRMAN’S REPORT 18 MANAGING DIRECTOR’S REPORT 20 CORPORATE GOVERNANCE 24 SUSTAINABILITY REPORT 44 FINANCIAL STATEMENTS 69 HISTORICAL PERFORMANCE STATISTICS 155 Contents SHAREHOLDER INFORMATION 156 LIST OF ACRONYMS AND ABBREVIATIONS AGM Annual General Meeting BST Bulk Supply Tariff Capex Capital Expenditure CGU Cash Generating Unit DOMC Distribution, Operating and Maintenance Costs EBITDA Earnings Before Interest, Tax, Depreciation and Amortisation EIR Effective Interest Rate ECL Expected Credit Losses ECP Electricity Connections Policy ERA Electricity Regulatory Authority ESG Environmental, Social and Governance FVOCI Fair Value through Other Comprehensive Income FVTPL Fair Value through Profit or loss GDP Gross Domestic Product GoU Government of Uganda HVE Total Energy Purchased IAS International Accounting Standards IFC International Finance Corporation IFRS International Financial Reporting Standards IFRIC International Financial Reporting Interpretations Committee ISA International Standards on Auditing IPP Independent Power Producer IVA Independent Verification Agency KV Kilo-Volts IT Information Technology LED Light-Emitting Diode LV Low Voltage MV Medium Voltage NSSF National Social Security Fund MEMD Ministry of Energy and Mineral Development OBA Output Based Aid OCI Other
    [Show full text]