NAIROBI SECURITIES EXCHANGE PLC 1
NAIROBI SECURITIES EXCHANGE PLC INTEGRATED REPORT AND FINANCIAL STATEMENTS 2022
Integrated
Report &
Financial
Statements
2022
Looking Forward
NAIROBI SECURITIES EXCHANGE PLC INTEGRATED REPORT AND FINANCIAL STATEMENTS 2022
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The leading Securities Exchange in East and Central Africa connecting capital to opportunities in the region through provision of a world class trading facility for local and international issuers and investors.
Growing the
Region's Financial Services Hub
We provide an all-inclusive trading platform anchored on best-in-class trading technology,wide array of investment products and data dissemination capabilities.
www.nse.co.ke
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Contents
NAIROBI SECURITIES EXCHANGE PLC INTEGRATED REPORT AND FINANCIAL STATEMENTS 2022
Our Company | |
About this Report | 5 |
Corporate Information | 7 |
About NSE | 8 |
NSE Structure | 10 |
NSE History | 12 - 13 |
Chairman's Statement | 15 - 18 |
Chief Executive's Statement | 20 - 23 |
Directors Report | 24 - 26 |
Board of Directors | 27 - 29 |
Executive Committee Members | 30 |
Corporate Governance Statement | 32 - 34 |
Enterprise Risk Management Framework | 35 - 36 |
Value Creation Process | 37 - 38 |
Strategy | 39 - 41 |
Business Review | |
Material Issues | 43 - 47 |
NSE Sustainability Report | 48 - 52 |
Financial Performance | ||
Corporate Governance Statement | 54- 61 | |
Independent Governance Auditor Report | 68 | - 70 |
Directors' Remuneration Report | 66 | - 71 |
Statement of Directors' Responsibility | 72 | |
Independent Auditor's Report | 73 | - 76 |
Comprehensive Income | 77 | - 78 |
Consolidated Statement of Financial Position | 79 | - 80 |
Company Statement of Financial Position | 81 | - 82 |
Consolidated Statement of Changes in Equity | 83 | |
Company Statement of Changes in Equity | 84 | |
Statement of Cash Flows | 85 | - 86 |
Notes to the Financial Statements | 87 | - 143 |
Notice of the Annual General Meeting
Proxy Form
Nomination & Consent Form
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NAIROBI SECURITIES EXCHANGE PLC INTEGRATED REPORT AND FINANCIAL STATEMENTS 2022
About this Report
Nairobi Securities Exchange Plc is pleased to present its Integrated Report for the period 1 January 2022 to 31December 2022. The report is aimed at providing adequate information to our stakeholders, giving a comprehensive overview of how the NSE created value to all its stakeholders in the period under review. It reports on how the NSE leveraged on its various forms of capitals to create and enhance value.
The report will offer our stakeholders a deeper understanding of our operations, achievements, opportunities as well as challenges we faced during the period under review as we seek to become Africa's leading trading and investment platform.
PREPARATON & PRESENTATION
SCOPE OF THE REPORT This integrated report has | ||
been prepared in accord- | ||
PURPOSE OF THE REPORT | The scope of this report | ance with the Internation- |
al Integrated Reporting | ||
relates to the NSE, an |
This report is an | investment services | Framework. The NSE |
Board of Directors have | ||
company as well as | ||
acknowledgement of the | ||
applied the fundamental | ||
material issues arising | ||
critical importance the Group | ||
concepts and principles | ||
from its business | ||
has placed in enhancing its | ||
recommended in the | ||
performance and other | ||
communication with | ||
framework in the | ||
related investments. Any | ||
stakeholders through linking | ||
preparation of this report. | ||
reference made to the | ||
financial and non-financial | ||
As a listed company, we | ||
Group will represent the | ||
standards in measuring our | ||
have prepared this report | ||
NSE, its subsidiaries and | ||
performance. This report will | ||
in line with the guidelines | ||
associate investments. | ||
therefore provide insights | ||
of the Kenya Companies | ||
The report will however | ||
into the financial, | ||
Act 2015 and specifica- | ||
capture any material | ||
operational, strategic, social | ||
tions issued by the Capital | ||
issues arising from any | ||
and governance performance | ||
Markets Authority (CMA). | ||
related transactions | ||
as well as outcomes and its | ||
The Group Financial | ||
regarding the Group | ||
implications to the Group in | ||
Statements were prepared | ||
before the publication of | ||
the year under review. | ||
in accordance with | ||
this report. | ||
International Financial | ||
Reporting Standards (IFRS). |
ASSURANCE
This integrated report has been prepared in accordance with the International Integrated Reporting Framework. The NSE Board of Directors have applied the fundamental concepts and principles recommended in the framework in the preparation of this report. As a listed company, we have prepared this report in line with the guidelines of the Kenya Companies Act 2015 and specifications issued by the Capital Markets Authority (CMA). The Group Financial Statements were prepared in accordance with International Financial Reporting Standards (IFRS).
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Disclaimer
NSE - Nairobi Securities Exchange Ltd. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 15:46:02 UTC.
