Download TPS, East Africa 2008 Annual Report - Serena Hotels

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Board of Directors Mr. Francis Okomo-Okello Chairman Mr. Okello holds a Bachelor of Laws Degree from the University of Dar-es-Salaam, is an Advocate of the High Court of Kenya, an Albert Parvin Fellow of the Princeton University, Woodrow Wilson School of Public and International Affairs and a Fellow of The Kenya Institute of Bankers (FKIB). Mr. Okello is one of the founding members of the Association of Banking Lawyers of South Africa (ABLASA), based at Rand Afrikaans University, Johannesburg. He is the Chairman of Barclays Bank of Kenya Limited, a Director of the Nation Media Group Limited, among other companies. Currently, he heads the Legal and Corporate Affairs department at the Industrial Promotion Services Group of Companies operating in East Africa. Mr. Mahmud Jan Mohamed Managing Director Mr. Jan Mohamed has worked for the TPS Group of Companies in different capacities rising to the current position of Chief Executive. Mr. Jan Mohamed was founder Chairman of the Kenya Tourism Federation, is a Trustee of the East African Wildlife Society, a Director of the Centre for Corporate Governance, Mountain Lodges Limited and executive Director of TPS companies operating in Eastern Africa. He is an associate member of the Hotel Catering Institutional Management Association (UK), and a member of the Cornell Hotel society (USA). Mr. Abdulmalek Jeevan Virani Finance Director Mr. Virani holds a Bachelor of Commerce Degree. He is a Chartered Accountant and a CPA (K). He is currently the Finance Director of TPS Group in Eastern Africa. He is an executive Director of TPS companies in Eastern Africa. Mr. Ali Mufuruki Non-executive Director Mr. Mufuruki holds a Bachelor of Science Degree in Mechanical Engineering, Design from the Fachhochschule for Technology and Economics in Reutlingen, Germany. He is Chairman of Infotech Investment Group Limited and manages, and has controlling interests in M & M Communications Limited, Infotech Computers Limited, W-Stores Company Limited and 11G Retail Limited. He has held various senior positions in private companies and is an advisor to the Government of Tanzania. Mr. Mufuruki is a Director of The Nation Media Group Limited, Central Bank of Tanzania and various private companies. 14 TPS EASTERN AFRICA LIMITED | ANNUAL REPORT AND FINANCIAL STATEMENTS 2008
Mr. Ameer Kassim-Lakha Non-executive Director Mr. Kassim-Lakha is the past Chairman of the Institute of Certified Public Accountants of Kenya and The Association of Professional Societies in East Africa. He is an Associate Member of the Chartered Institute of Arbitrators and O.P.M. (Harvard). He is a Director in various private companies. Board of Directors (cont’d) Dr. Ramadhani Dau Non-executive Director Dr. Dau holds a PhD in Marketing from the Victoria University of Wellington, New Zealand, an MBA from the American University of Cairo and a Bachelor of Commerce Degree, Marketing option, from the University of Dar-es-Salaam. He served as a Director of Marketing at Tanzania Harbours Authority. He is a Director of Tourism Promotion Services (Tanzania) Limited, The Jubilee Holdings Limited and Jubilee Insurance Company of Tanzania Limited. He is currently the Director General of NSSF, Tanzania. Mr. Jack Jacob Kisa Non-executive Director Mr. Kisa holds a B.Sc.(Economics) (London) Degree and M.P.A ( Harvard) Degree. He served as Principal Economist in Kenya's Ministry of Finance and Planning in the 1970s. In 1974, Mr. Kisa was appointed as the Director of the United Nations World Employment Programme for Africa, in which capacity he served until 1977. In 1978, he was appointed Senior Economist at the World Bank Headquarters in Washington, D.C. During the period 1986-1991, Mr. Kisa served as Economic Advisor to the Southern African Development Community on secondment from the World Bank. He is a Director of Diamond Trust Bank. Mr. Jean Philippe Prosper Non-executive Director Mr. Prosper has a B.Sc. in Mathematics as well as a Degree in Civil Engineering and holds an MBA (Finance and Monetary Economics). He is the Director, East and Southern Africa for the International Finance Corporation. Mr. Prosper is also a Director of Aureos East Africa fund, Industrial Promotion Services Limited, and K-Rep Bank. TPS EASTERN AFRICA LIMITED | ANNUAL REPORT AND FINANCIAL STATEMENTS 2008 15
Page 1 and 2: Contents Directors and Administrati
Page 3 and 4: PRINCIPAL OFFICERS Michael Opondo D
Page 5 and 6: Other Corporate Information REGISTE
Page 7 and 8: Notisi ya Mkutano wa Pamoja wa Mwak
Page 9 and 10: withholding tax, where applicable.
Page 11 and 12: Sehemu ya nje ya Hoteli ya Serenget
Page 13: Halmashauri na wasimamizi wanakadir
Page 17 and 18: Corporate Governance Statement The
Page 19 and 20: SHAREHOLDERS' PROFILE AS AT 31 DECE
Page 21 and 22: which allow for optimum conservatio
Page 23 and 24: Statement of Directors’ Responsib
Page 25 and 26: Consolidated Profit and Loss Accoun
Page 27 and 28: Company Balance Sheet For the perio
Page 29 and 30: Consolidated Statement of Changes i
Page 31 and 32: Consolidated Cash Flow Statement Fo
Page 33 and 34: 2 Summary of significant accounting
Page 39 and 40: 3 Financial risk management (contin
Page 41 and 42: 3 Financial risk management (contin
Page 43 and 44: 5 Segment information (continued) N
Page 45 and 46: 7 Employee benefits expense Notes t
Page 47 and 48: 14 Borrowings The borrowings are ma
Page 49 and 50: 15 Deferred income tax (continued)
Page 51 and 52: 17 Available for sale financial ass
Page 53 and 54: Notes to the Financial Statements (
Page 55 and 56: 23 Receivables and prepayments Note
Page 57 and 58: 27 Related party transactions Notes
Page 59 and 60: 28 Contingent liabilities Notes to
Page 61 and 62: CUT HERE FORM OF PROXY I / We being
Page 63 and 64: KATA HAPA FOMU YA UWAKILISHI Mimi /

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