Page 91 - Safaricom Foundation Annual Report 2020-2021

Payables
Accrued expenses
2020
Shs
2 473 554 379 946
2 853 500
7 Payables
and accrued expenses
2021
Shs
1
372 407
30 488 871
31 861 278
The payable balance relates to to outstanding cheques to to various beneficiaries that had not cleared in in the bank as at at at year end Accrued expenses
relate to matured obligations that have not been settled as at at at at at the the end of the the period 8 (a) Donations granted
2021
Shs
283 396 848
252 435 874
55 610 038
201 917 751
73 205 591
62 484 018
(929 050 121)
414 321 940
574 722 441
(929 050 121)
59 994 260
2020
Shs
Education 254 474 405
Health 163 267 795
Empowerment 36 278
585
Disaster relief - Ndoto Zetu - Others 27 518 460
8 (b)
The Foundation has
Commitments
Commitments
at the the start of the the year Donations approved in the year Donations made in the Year
Commitments
at the the end the the year (481 539 245)
303 359 831
592 571 855 (481 539 246)
414 392 440
a a a a commitment to to disburse donations amounting to to Shs
Shs
60 million million (2020: Shs
Shs
414 million) over the next year 2021
Shs
40 220 696
51
529 866
(66 565)
91 683 997
9 Cash and cash equivalents
Cash and cash cash equivalents
comprise of of of the the the following for the the the purpose of of of the the the statement of of of cash cash flows:
Cash and bank balances
Call deposits
Provision for expected credit losses Total cash cash and cash cash equivalents
2020
Shs
116 038
857 116 910 300 - 232 949 157
88