HF GROUP

HF GROUPANNUAL REPORT AND FINANCIAL STATEMENTSFOR THE YEAR ENDED 20162HF GROUPANNUAL REPORT AND FINANCIAL STATEMENTSFOR THE YEAR ENDED 20163 Komarock Phase 5 BKomarock Phase 5B is a wholly owned HFDI development, consisting of 115 4 bedroom maisonettes, located in Komarock area of Nairobi. These spacious homes are built with quality in mind and offer a great opportunity for home , Officers and Administration 5 GROUP Overview 6 Board of Directors 10 notice of annual General meeting 12 Chairman s Statement 18 GROUP Managing Director s Statement 24 Management 30 Pictorial of 2016 Activities 38 Report of the Directors 43 Corporate Governance 47 Statement of Directors Responsibilities 54 Report of the Independent Auditors 56 Consolidated Statement of Profit or loss and other Comprehensive Income 66 Consolidated Statement of Financial Position 67 Company Statement of Financial Position 68 Consolidated Statement of Cash Flows 69 Consolidated Statement of Changes in Equity 70 Company Statement of Changes in Equity 72 Notes to the Consolidated Financial Statements 74 Shareholder s Proxy 141 HF GROUPANNUAL REPORT AND FINANCIAL STATEMENTSFOR THE YEAR ENDED 20164HF GROUPANNUAL REPORT AND FINANCIAL STATEMENTSFOR THE YEAR ENDED 201655 DIRECTORSS teve O.

CONTENTS Directors, Officers and Administration 5 Group Overview 6 Board of Directors 10 Notice of Annual General Meeting 12 Chairman’s Statement 18

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