Kenya Airways : KQ Annual Reports FY 2022

Kenya Airways Plc

2022 Integrated Report & Financial Statements

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wellness of our staff and the community.

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TABLE OF CONTENTS

Corporate Information	4
Board of Directors & Profiles	8
Management Team & Profiles	16
Chairman's Statement	23
Taarifa ya Mwenyekiti	25
Chief Executive Officer's Statement	30
Taarifa ya Afisa Mkuu Mtendaji	34
Statement of Corporate Governance	40
Performance Highlights	52
Report of the Directors	54
Directors' Remuneration Report	59
Statement of Directors' Responsibilities	62
Independent Auditors' Report	63
Financial Statements
Consolidated Statement of Profit or Loss and other Comprehensive Income	69
Company Statement of Profit or Loss and other Comprehensive Income	71
Consolidated Statement of Financial Position	72
Company Statement of Financial Position	74
Consolidated Statement of Changes in Equity	76
Company Statement of Changes in Equity	77
Consolidated Statement of Cash flows	78
Company Statement of Cash flows	79
Notes to the Financial Statements	82
Principal Shareholders and Share Distribution	157
AGM Notice	158
Proxy Form	159
Abridged Sustainability report	161

INTEGRATED REPORT & FINANCIAL STATEMENTS 2022

3

CORPORATE INFORMATION

EXECUTIVE DIRECTORS	Mr. Allan Kilavuka - Managing Director & CEO
NON-EXECUTIVE DIRECTORS	Mr. Michael Joseph	- Chairman
	Dr. Haron Sirima	- (Representative of C.S. The National Treasury)
	Mr. Mohamed Daghar	- (P.S. Transport)
	Eng. Michael Muchiri	- (Alternate to P.S. Transport )
	Maj.Gen.(Rtd) Michael Gichangi
	Ms. Caroline Armstrong
	Mr. John Ngumi	(Resigned on 30th May 2023)
	Mr. John Wilson *
	Mr. Philip Wambugu
	Ms. Esther Koimett	- (Retired on 8th July 2022)
	Mr. Angus Clarke**	- (Resigned on 30th November 2022)
	Mr. Christopher Buckley*** - (Appointed on 27th March 2023)
	Mr. David Kabeberi	- (Appointed on 30th May 2023)
	* Swedish
	** Australian
	*** Canadian & British
COMPANY SECRETARY	Mr. Habil A. Waswani
	Certified Secretary (Kenya)
	Kenya Airways Headquarters and Base
	Airport North Road, Embakasi
	P.O. Box 19002 - 00501
	Nairobi
AUDITORS	PricewaterhouseCoopers LLP
	PwC Tower, Waiyaki Way/Chiromo Road, Westlands
	P.O Box 43963-00100 Nairobi, Kenya
REGISTERED OFFICE	Kenya Airways Headquarters and Base
	Airport North Road, Embakasi
	P.O. Box 19002 - 00501
	Nairobi
REGISTRARS AND	Custody & Registrars Services Limited
TRANSFER OFFICE	6th Floor, Bruce House
	Standard Street

P.O. Box 8484 - 00100

Nairobi

4	INTEGRATED REPORT & FINANCIAL STATEMENTS 2022

CORPORATE INFORMATION (Continued)

PRINCIPAL BANKERS	Citibank N.A.
	Citibank House, Upper Hill Road
	P.O. Box 30711 - 00100
	Nairobi
	Standard Chartered Bank Limited
	48 Chiromo, Level 5
	Westlands Road
	P.O. Box 30003 - 00100
	Nairobi
	NCBA Bank Kenya Plc
	NCBA Centre
	Mara Road, Upper-Hill
	P.O Box 44599 - 00100
	Nairobi
	KCB Bank Kenya Limited
	Kencom House, Moi Avenue
	P.O Box 48400 - 00100
	Nairobi
	Equity Bank Limited
	7th Floor, Equity Centre
	Upper Hill
	P.O. Box 75104 - 00200
	Nairobi
PRINCIPAL LEGAL ADVISORS	Coulson Harney LLP
	5th Floor, West Wing, ICEA Lion Centre
	Riverside Park, Chiromo Road, Nairobi
	P.O. Box 10643-00100, Nairobi, Kenya
	www.bowmanslaw.com
	Tripleoklaw Advocates
	5th Floor, Block C, ACK Garden House
	1st Ngong' Avenue, off Bishops Road
	P.O. Box 43170 - 00100
	Nairobi

INTEGRATED REPORT & FINANCIAL STATEMENTS 2022

5