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| Five-year performance Review | Actual 2017/18 UGX Billion | Actual 2018/19 UGX Billion | Actual 2019/20 UGX Billion | Actual 2020/21 UGX. Billion | Actual 2021/22 UGX. Billion | Budget 2021/22 UGX. Billion | Actual 2021/22 Vs Actual 2020/21 Var % | Actual '2021/22 Vs Budget 2021/22 Var % | CAGR (2016/17-2020/21) |
|---|---|---|---|---|---|---|---|---|---|
|
Income Statement |
|||||||||
|
Total Income |
1,602 |
891 |
1,471 |
1,837 |
1,776 |
1,900 |
(3%) |
(7%) |
(3%) |
|
Total Revenue (Core) |
1,042 |
1,255 |
1,472 |
1,696 |
1,912 |
1,900 |
13% |
1% |
16% |
|
Total cost* |
116 |
145 |
158 |
164 |
203 |
194 |
24% |
5% |
15% |
|
Profit before Interest & Tax |
1,486 |
746 |
1,312 |
1,672 |
1,573 |
1,706 |
(6%) |
(8%) |
1% |
|
Profit After Tax + Interest to Members |
896 |
573 |
1,106 |
1,505 |
1,393 |
1,530 |
(7%) |
(9%) |
12% |
Total Costs (Operating Expenditure) *
Operating expenses represent costs incurred to support income generation for the Fund. Major categories include staff costs, equipment costs, costs associated with Fund Premises and other costs. These have grown at a CAGR of 15% over the past 5 years in line with the Fund growth.
| Five-year performance Review | Actual 2017/18 UGX Billion | Actual 2018/19 UGX Billion | Actual 2019/20 UGX Billion | Actual 2020/21 UGX. Billion | Actual 2021/22 UGX. Billion | Budget 2021/22 UGX. Billion | Actual 2021/22 Vs Actual 2020/21 Var % | Actual '2021/22 Vs Budget 2021/22 Var % | CAGR (2016/17-2020/21) |
|---|---|---|---|---|---|---|---|---|---|
|
Financial Position (UGX' Bn) |
|||||||||
|
Total Assets |
9,983 |
11,339 |
13,284 |
15,559 |
17,255 |
17,194 |
10.9% |
0.4% |
15% |
|
Fixed Income Investments |
7,478 |
8,693 |
10,235 |
11,773 |
13,061 |
13,141 |
11% |
(0.6%) |
15% |
|
Equity Investments |
1,738 |
1,675 |
1,912 |
2,378 |
2,607 |
2,433 |
10% |
7.2% |
11% |
|
Real Estate |
642 |
802 |
943 |
1,142 |
1,173 |
1,463 |
3% |
(19.8%) |
16% |
|
Total Investments |
9,858 |
11,170 |
13,090 |
15,292 |
16,842 |
17,037 |
10% |
(1.1%) |
9,408 |
|
Accumulated Members' Funds |
9,408 |
11,138 |
13,062 |
15,299 |
16,962 |
16,916 |
11% |
0.3% |
16% |
| Five-year performance Review | Actual 2017/18 UGX Billion | Actual 2018/19 UGX Billion | Actual 2019/20 UGX Billion | Actual 2020/21 UGX. Billion | Actual 2021/22 UGX. Billion | Budget 2021/22 UGX. Billion | Actual 2021/22 Vs Actual 2020/21 Var % | Actual '2021/22 Vs Budget 2021/22 Var % | CAGR (2016/17-2020/21) |
|---|---|---|---|---|---|---|---|---|---|
|
Financial Performance (%) |
|||||||||
|
Realised Return on average Investment (%) |
11.8% |
11.9% |
12.1% |
11.9% |
11.9% |
11.2% |
0% |
7% |
N/A |
|
Cost Income Ratio (%) |
7.22% |
16.29% |
10.77% |
8.95% |
11.44% |
10.21% |
(28%) |
12% |
N/A |
|
Cost of Administration (%) |
1.31% |
1.28% |
1.19% |
1.06% |
1.18% |
1.15% |
(12%) |
2% |
N/A |
| Five-year performance Review | Actual 2017/18 UGX Billion | Actual 2018/19 UGX Billion | Actual 2019/20 UGX Billion | Actual 2020/21 UGX. Billion | Actual 2021/22 UGX. Billion | Budget 2021/22 UGX. Billion | Actual 2021/22 Vs Actual 2020/21 Var % | Actual '2021/22 Vs Budget 2021/22 Var % | CAGR (2016/17-2020/21) |
|---|---|---|---|---|---|---|---|---|---|
|
Member's Fund Statistics (UGX'M) |
|||||||||
|
Contributions Collected |
1,049 |
1,208 |
1,272 |
1,367 |
1,486 |
1,500 |
9% |
(1%) |
9% |
|
Benefits Paid |
360 |
450 |
496 |
642 |
1,189 |
938 |
85% |
35% |
15% |
|
Interest Credited to members** |
1,100 |
978 |
1,154 |
1,516 |
1,380 |
1,478 |
(9%) |
(7%) |
6% |
|
Interest Declared (%) |
15.00% |
11.00% |
10.75% |
12.15% |
9.65% |
10.50% |
(21%) |
(8%) |
N/A |
|
Compliance level (%) |
81% |
68% |
55% |
51% |
55% |
52% |
8% |
6% |
N/A |
Interest Credited to members**
Interest credited to members has grown by a CAGR of 18% in the past five years due to continued exceptional performance posted by the Fund. The rates declared have consistently surpassed the 10-year average inflation threshold.
| Five-year performance Review | Actual 2017/18 | Actual 2018/19 | Actual 2019/20 | Actual 2020/21 | Actual 2021/22 | Budget 2021/22 |
Actual 2021/22 Vs Actual 2020/21 Var % |
Actual '2021/22 Vs Budget 2021/22 Var % |
CAGR (2016/17-2020/21) |
|---|---|---|---|---|---|---|---|---|---|
|
Customer Satisfaction (%) |
|||||||||
|
Internal Customers (Staff) |
84% |
88% |
93% |
94% |
92% |
90% |
(2%) |
2% |
N/A |
|
External Customers (Members) |
85% |
84% |
88% |
86% |
82% |
85% |
0% |
1% |
N/A |