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Annual Report & Financial Statement 2016 1 We’re the African Airline of the Year 2016. And it’s all thanks to you. We are immensely proud to have been named Best Airline in Africa at the World Travel Awards, 2016. We thank you for supporting us on our ongoing journey towards international excellence. We couldn’t have achieved this significant accolade without you. Performance highlights 3 Board of directors 6 Board of directors profiles 7 Chairman’s statement 12 Taarifa ya mwenyekiti 17 Management team and profiles 22 Chief executive officer’s statement 29 Taarifa ya afisa mkuu mtendaji 41 Corporate governance 55 Principal shareholders 58 Corporate social responsibility (CSR) 60 Uwajibikaji wa shirika (CSR) 62 Directors and statutory information 66 Report of the directors 67 Statement of directors’ responsibilities 70 Report of the independent auditors 71 Consolidated statement of profit or loss and other comprehensive income 72 Consolidated statement of financial position 73 Company statement of financial position 75 Consolidated statement of changes in equity 77 Company statement of changes in equity 79 Consolidated statement of cash flows 81 Notes to the financial statements 82
Annual Report & Financial Statement 2016 2 OUR VISION: Be the Pride of Africa, by inspiring our people and delighting our guests consistently. OUR PURPOSE: Contributing to the sustainable development of Africa.