Annual Report and Financial Statements www.lafarge.co.ke Setting Industry Standards in Health & Safety BAMBURI CEMENT LIMITED Corporate Office, Kitui Road, Off Kampala Rd, Industrial Area, Nairobi. P.O Box 10921 - 00100, Nairobi. Tel: +254 (0) 20 2893000 / 6614358 / 722 202941 / 720 205471 Email:
[email protected] Website: www.lafarge.co.ke BamburiCement BamburiCementLtd.LafargeHolcim ANNUAL REPORT AND FINANCIAL STATEMENTS 2020 Contents Who We Are 5 About Bamburi Cement Group 7 About LafargeHolcim 8 Our Brands 10 2020 Overview 15 Over the years we have championed Group - Key Financial Highlights 16 Value Added Statement 17 Chairman’s Statement 18 road safety by training long distance Group Managing Director’s Statement 22 Board of Directors 26 truck drivers and motorbike (boda Executive Committee Members 31 boda) riders as well as creating Business Overview 33 Operational Review 34 Marketing Highlights 42 awareness countrywide Health and Safety 46 Our People, Culture and Systems 50 Risk and Control 56 Sustainability Review 59 Our Sustainability Framework 60 Communities 63 Climate 69 Environment 70 Circular Economy 72 Governance 75 Corporate Governance Statement 76 Governance Auditors Report 81 Statement of the Directors on Governance 82 Directors’ Remuneration Report 83 Shareholder Profle 86 Financial Review 89 Corporate Information 90 Report of the Directors 91 Statement of Directors’ Responsibilities 92 Independent Auditors’ Report 93 Consolidated Statement of Proft or Loss and Other Comprehensive Income 97 Company Statement