SAFARICOM FINANCIAL STATEMENTS

Cash flow adequacy ratios

2023 2022
Ksh Millions Ksh Millions
Cash flows from operating activities 116,151.1000 110,700.5000
Total Debt 245,841.1000 167,097.7000
Dividends Paid 48,080.0000 55,690.0000
Interest payments 8,692.9000 3,825.8000
Tax paid 45,016.7000 34,128.7000

Cash debt coverage ratio 0.1406 0.6625

Cash dividend coverage ratio 2.4158 1.9878

Cash interest coverage ratio 19.54 38.86

Cash flow performance measures

2023 2022
Ksh Millions Ksh Millions
Cash flows from operating activities 116,151.10 110,700.50
Interest payments 8,692.90 3,825.80
Tax paid 45,016.70 34,128.70
Operating Income 84,997.40 109,128.60
Net Income 52,482.80 67,496.10
Total Assets 509,207.00 346,798.60
Average assets 428,002.80 346,798.60
Total Equity 263,365.90 179,700.90
Average equity 221,533.40 179,700.90
No of shares 40,065.40 40,065.40

Cash Flow return on assets 40% 43%

Cash Flow return on equity 52% 62%
Cash flow per share 2.90 2.76

Cash flow to operating income=

Cashflows from operating
activities/Operating income 1.37 1.01
Cash flow to net income 2.21 1.64
Safaricom's ability to meet the near-term
and long-term needs has declined in 2023
ass compared to 2022. Although there is an
increase in operating cashflows, total almost
doubled and hence the decrease in the ratio

Safaricom's ability ability to pay dividends

has increasedin 2023 as compared to 2022
Safaricom has a high ability to meet interest
payments.

Safaricom has a high cashflow return on

Safaricom has a that
equity implying highthe
cashflow returninon
effeiciency which
assets implying that the effeiciency
it is utiling the shareholders to generatein which
cash
it
is is utiling
good. the assets
However, to generate
there is a cash
decline in is
2023
For
good. every ordinary share held in 2022
as compared
Safcom to 2022 due
was generating Sh.to2.76
highworth
equityofin
2023
cash and 2.90 in 2023. This is an
improvement.

The cashflow and operating income for

Safaricom are close to each indicating a high
quality of earnings