Download the National Breweries Zambia 2009 Annual ... - SABMiller

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Report of the Directors for the year ended 31st March 2009 (cont.) There is open communication between senior executive management and Board members. The Board and its Audit Committee are supplied with high quality, up-to-date financial, operational and risk assessment information for review prior to each meeting to enable them to discharge their responsibilities. The Board understands the relationship between itself and the shareholders. It acknowledges that its role is to promote the interest of the shareholders and recognises that it is accountable to the shareholders for the performance of the Company. The Company has an Internal Audit Department, which reviews its systems of accounting and other controls. The Internal Audit Department reports to the Audit Committee. Ultimate parent company The ultimate parent company is SABMiller Plc, a company incorporated in England and Wales under the Companies Act 1985. Directors The directors who held office during the year and to the date of this report were: V. Chitalu - Chairman W. J. Tiedt - Managing Director P. Gowero R Goetzsche - (Resigned 21 October 2008) G. Sokota S Burroughs - (Resigned 30 April 2008) Auditor The auditor, PricewaterhouseCoopers, have indicated their willingness to continue in office and a resolution for their re-appointment will be proposed at the annual general meeting. By order of the Board A Malenga Company Secretary 8th June 2009 p14
Directors’ Responsibilities & Statement for the year ended 31st March 2009 The Zambia Companies Act requires the directors to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss. It also requires the directors to ensure that the company keeps proper accounting records that disclose, with reasonable accuracy, the financial position of the company. They are also responsible for safeguarding the assets of the company. The directors accept responsibility for the annual financial statements, which have been prepared using appropriate accounting policies supported by reasonable estimates, in conformity with International Financial Reporting Standards and the requirements of the Zambia Companies Act. The directors are of the opinion that the financial statements give a true and fair view of the state of the financial affairs of the company and of its profit in accordance with International Financial Reporting Standards. The directors further accept responsibility for the maintenance of accounting records that may be relied upon in the preparation of financial statements, as well as designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement. Nothing has come to the attention of the directors to indicate that the company will not remain a going concern for at least twelve months from the date of this statement. V Chitalu Chairman 8th June 2009 W J Tiedt Managing Director p15
Page 1: 31st March 2009 Annual Report & Fin
Page 4 and 5: Mission Statement and Values
Page 6 and 7: Company Financial Review for the ye
Page 8 and 9: Chairman’s Statement for the year
Page 10 and 11: Managing Director’s report for th
Page 12 and 13: Report of the Directors for the yea
Page 16 and 17: REPORT OF THE INDEPENDENT AUDITOR T
Page 18 and 19: Financial Statements for the year e
Page 40 and 41: Principal Shareholders and Share Di
Page 42 and 43: Directorate and Corporate Informati
Page 44 and 45: NOTICE OF THE ANNUAL GENERAL MEETIN
Page 46 and 47: p46
Page 48: What do you see? We see beyond the

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