CHOBE HOLDINGS LIMITED CHOBE HOLDINGS LIMITED
INTEGRATED REPORT
2023
VALUE DISTRIBUTION
STATEMENT
2 0 2 3 | 2 0 2 2 | |||||
P ' 0 0 0 's | P ' 0 0 0 's | |||||
VALUE ADDED | ||||||
R ev e n u e | 410,917 | 118,336 | ||||
Other income | 17,070 | 7,134 | ||||
Finance income | 923 | 130 | ||||
Share of associate loss | (935) | (969) | ||||
Other expenditure | (133,756) | (67,912) | ||||
Value created | 294,219 | 56,719 | ||||
VALUE DISTRIBUTED | ||||||
To employees | ||||||
Net salaries, wages and other benefits | 84,479 | 52,368 | ||||
To providers of capital | ||||||
Finance cost | 1,041 | 416 | ||||
1,041 | 416 | |||||
To government | ||||||
Taxation | 11,711 | 765 | ||||
PAYE | 11,137 | 6,823 | ||||
Resource royalties, lease rentals, | 28,421 | 13,953 | ||||
licenses & other fees | ||||||
51,269 | 21,541 | |||||
Retained for expansion and growth | ||||||
Depreciation and amor tisation | 33,510 | 34,988 | ||||
Deferred tax | 19,334 | (10,145) | ||||
Retained profit for the year | 104,586 | (42,449) | ||||
157,430 | (17,606) | |||||
Value distributed | 294,219 | 56,719 | ||||
Summary | ||||||
Employees | 29% | 92% | ||||
Providers of capital | 0% | 1% | ||||
Government | 17% | 38% | ||||
Retained for expansion and growth | 54% | - 31% | ||||
100% | 100% |
ADJUSTED | ADJUSTED | |||||||||
VALUE | VALUE | |||||||||
DISTRIBUTED | DISTRIBUTED | |||||||||
2023 | 2022 | |||||||||
E M P L O Y E E S
2 9 % 9 2 %
P R O V I D E R S O F C A P I TA L
0 % 1 %
G O V E R N M E N T
1 7 % 3 8 %
R E TA I N E D F O R E X PA N S I O N A N D G R O W T H
5 4 % - 3 1 %
TABLE OF CONTENTS
CORPORATE INFORMATION | 3 |
GROUP STRUCTURE | 5 |
VISION & MISSION | 6 |
STRATEGY | 7 |
MAPPING THE VALUE CHAIN | 8 |
VALUE CREATION MODEL | 10 |
OUR JOURNEY | 12 |
BOARD OF DIRECTORS | 14 |
CORPORATE GOVERNANCE | 16 |
HR AND REMUNERATION STRATEGY | 22 |
AND POLICY | |
KING CODE OF CORPORATE | 26 |
GOVERNANCE | |
CHIEF EXECUTIVE OFFICER'S REPORT | 30 |
AUDIT & RISK COMMITTEE REPORT | 32 |
ENVIRONMENTAL REPORT | 34 |
OUR COMMUNITIES | 36 |
DIRECTORS' REPORT | 43 |
INDEPENDENT AUDITOR'S REPORT | |
TO THE SHAREHOLDERS | 45 |
OF CHOBE HOLDINGS LIMITED | |
CONSOLIDATED AND SEPARATE | |
STATEMENTS OF COMPREHENSIVE | 52 |
INCOME |
CONSOLIDATED AND SEPARATE STATEMENTS OF FINANCIAL POSITION 53
CONSOLIDATED AND SEPARATE | 54 |
STATEMENTS OF CHANGES IN EQUITY | |
CONSOLIDATED AND SEPARATE | 56 |
STATEMENTS OF CASH FLOWS | |
SUMMARY OF SIGNIFICANT | 57 |
ACCOUNTING POLICIES | |
CRITICAL ACCOUNTING ESTIMATES | 73 |
AND ASSUMPTIONS | |
FINANCIAL RISK MANAGEMENT | 79 |
CAPITAL RISK MANAGEMENT | 85 |
NOTES TO THE FINANCIAL | 86 |
STATEMENTS | |
NOTICE OF ANNUAL GENERAL | 114 |
MEETING | |
PROXY FORM | 115 |
NOTES | 116 |
C H O B E H O L D I N G S L I M I T E D I N T E G R A T E D R E P O R T 2 0 2 3 | 1 |
2 | C H O B E H O L D I N G S L I M I T E D I N T E G R A T E D R E P O R T 2 0 2 3 |
CORPORATE INFORMATION
NATURE OF BUSINESS
Chobe Holdings Limited ("Chobe") owns and operates, through its wholly owned subsidiaries, fourteen eco-tourism lodges and camps on leased land in Northern Botswana and the Caprivi Strip in Namib- ia with a combined capacity of 333 beds under the brands of Desert & Delta Safa- ris, Chobe Game Lodge and Ker & Downey Botswana. Sedia Hotel, a 39-room hotel owned by the group operates in close proximity to central Maun. Safari Air, a wholly owned air charter operator provides air transport services mainly to the group's camps and lodges. North West Air Proprietary Limited, a wholly owned air maintenance operation provides maintenance services to the group's aircrafts as well as third parties. Desert & Delta Safaris (SA) (Proprietary) Limited, another wholly owned subsidiary operating in South Af- rica, provides reservation services to the group.
INCORPORATED AND DOMICILED IN BOTSWANA:
Company number: BW00001487283
Date of incorporation: 31 May 1983
COMPANY SECRETARY:
Itumeleng Dipholo
Unit 4, Lot 11471, Wenela Ward
Maun
TRANSFER SECRETARIES:
DPS Consulting Services Proprietary Limited
Plot 28892, Twin Towers, West Wing,
First Floor, Fairgrounds
Gaborone
REGISTERED OFFICE:
Plot 28892, Twin Towers, West Wing,
First Floor, Fairgrounds
Gaborone
INDEPENDENT AUDITORS:
PricewaterhouseCoopers
Gaborone
BANKERS:
Bank Gaborone Limited
First National Bank of Botswana Limited
First National Bank of Namibia Limited
First Rand Bank Limited - South Africa
C H O B E H O L D I N G S L I M I T E D I N T E G R A T E D R E P O R T 2 0 2 3 | 3 |
| Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Chobe Holdings Limited published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 13:56:12 UTC.
