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2015 Page Page Page 06 09 30 ABOUT THIS REPORT ABOUT OHLTHAVER & LIST UNDER REVIEW A COMPANY BUILT BY PEOPLE THAT GROW OUR INDUSTRIES WE ARE MADE BY INTEGRATED ANNUAL REPORT 2015 page page page 06 09 30 ABOUT THIS REPORT ABOUT OHLTHAVER & LIST UNDER REVIEW About this Integrated Annual Report Vision 2019, Group Portfolio Executive Chairman’s and Chief Directorate & Administration, Executive Officer’s Message, Group Executive Team, Operating Operational Review Structure, Materiality, Supply Chain page page attached 56 90 USB SUSTAINABILITY REPORTS FINANCIAL STATEMENTS (also available on our website) Corporate Governance, Economic, Assurance Statement, Group Financial Position, Comprehensive Social and Environmental Value Added Statement, Seven Income, Changes in Equity, Cash Sustainability Year Review, Financial Review, Flows, Accounting Policies, Independent Auditor’s Report, Notes to the Annual Financial Report of the Directors, Group Statements, GRI Index Table Reference Information, Notice to Shareholders, Proxy Form 55 37 51 47 52 45 49 43 38 36 55 34 WHAT WE DO – IS WHO WE ARE About this Report ABOUT THIS INTEGRATED ANNUAL REPORT The Ohlthaver & List Group (O&L) embraces Governance Code of Namibia (NamCode), based readers are invited to contact Gisela Botha, Ohlthaver & List’s risks and opportunities, Report and no significant departures have In identifying the issues and information to be its obligations as a corporate citizen towards on the Third Report of the King Commission on Group Company Secretary, on +264 61 2075111 as well as forward planning for sustainable been made from the scope, boundary or included in this Report, the Board considered the diverse spheres within which it operates, Corporate Governance in South Africa (hereafter Ext. 5313 by email at [email protected]. growth. It represents a milestone along the measurement methods applied in the Group’s the relative importance of each matter in terms including its shareholders, employees and the referred to as King III), it is intended to provide road to the integrated and targeted reporting Annual Report for 2014. of its known or potential effects on Ohlthaver environment. At the same time, we are aiming information on all sustainability-related aspects The scope and boundary of the Integrated that all stakeholders require in order to form & List’s ability to continue creating value for to build and sustain a corporate reputation of Ohlthaver & List’s activities. Furthermore, the Annual Report well-informed opinions of the Group and its Materiality all stakeholders. These matters were then and conditions that are conducive to profitable report is intended to provide an indication of This Integrated Annual Report covers the activities. It is the opinion of the Ohlthaver & List Board prioritised in terms of relevance to the intended businesses. This is apparent in the Group’s the company’s ability to continue to create such operations of the Ohlthaver & List Group in and senior management that the information users of the Report, so that non-pertinent Purpose: ‘Creating a future, enhancing life’, value for these stakeholders in the future. their entirety, including subsidiaries and joint Source data are gathered from the Group’s presented in this Integrated Annual Report is information could be set aside. We feel that which is inextricably linked to uplifting its ventures, in all markets in which these entities various operating divisions and are, to the the most relevant, or material, to the Group and this is in line with the reporting principles for communities and protecting their environments This report has been compiled with the operate. In this regard, an overview of the greatest extent possible, integrated so as to its various stakeholder groups. defining report content as defined by the GRI. in a sustainable way. assistance of GSA Campbell Consulting and Group is included in the Report, on pages 14-17. provide comparable performance data. is aligned with the principles of the GRI G4 Process for Identifying Content It is intended that the outcome of this process Guided by our Purpose, the Group strives to Reporting Standard (Core) of the Global The Integrated Annual Report is intended The Report includes disclosures on both In analysing the information to be included is an accurate and comprehensive Sustainability bring quality of life and wellbeing to people Reporting Initiative (GRI). This report, along with to provide all stakeholders with relevant financial and non-financial aspects of the Group. in the Integrated Annual Report, the Board Report, unburdened with the peripheral data to improve the socio-economic conditions of associated relevant information, and the GRI information regarding the value creation Financial disclosures correspond with those of and management considered two primary that tends to confuse rather than enlighten. citizens; to create conditions for everyone to Index, is also available on the Ohlthaver & List offered by the Group through its activities on the Company’s Annual Financial Statements questions: firstly, “Who is our reporting aimed Readers are welcome to request more detailed succeed, to continually pioneer and operate Website at www.ohlthaverlist.com an annual basis, as well as the economic, social for the 2015 financial year, which was compiled at” and secondly, “What decisions will they be information on any particular aspect of the at breakthrough levels, to build innovative and and environmental impacts arising from these in accordance with the requirements of the able to make based on our reporting”? Report. sustainable businesses and to generate long- In the preparation of this Integrated Annual activities. Operational activities are analysed Companies Act of Namibia. term profitability. Report, O&L has attempted to identify and within the context of the food production, In this context, it is the intention of Ohlthaver & Further information regarding Ohlthaver & report on the most significant sustainability- fishing, beverages, farming, retail trade, With regard to the availability of non-financial List that this Integrated Annual Report: List’s material issues and associated stakeholder This Integrated Annual Report provides related considerations and impacts arising from information technology, property leasing data, in instances where insufficient data exist • Informs and adds value for all stakeholders groups can be found in this Report, in the a detailed overview of the impacts of all the core activities of the Group, as well as all and development, marine engineering, steel to address various quantitative indicators with a valid interest in the Group; sections dealing with Materiality (page 25) and sustainability-related activities of the Ohlthaver significant internal and external stakeholder retailing and leisure and hospitality industries included in the GRI G4 Guidelines, the Report • Considers all issues that can impact on Stakeholder Engagement (page 23). & List Group (hereafter referred to as Ohlthaver groups with which the Group engages around that Group has interests in, as well as the focuses on relevant policies and practices that the Group’s ability to create value for these & List, the Group or the Company) and its these issues. broader macroeconomic climate in which the have been implemented within the Group and stakeholders; and affiliated companies, for the period 1 July Group operates. its subsidiaries - particularly those related to • Reports as comprehensively as possible on 2014 to 30 June 2015. In accordance with For additional information regarding the regulatory compliance in various areas. the known and potential impacts of these the recommendations of the Corporate Integrated Annual Report and its contents, The Integrated Annual Report also discusses This is the Group’s first GRI Integrated Annual issues for the Group and its stakeholders. 06 07 About Ohlthaver & List ABOUT OHLTHAVER & LIST Assurance the success of business and operating initiatives; WHO WE ARE The parent company of Olfitra is O&L Holdings Ohlthaver & List is confident that this report changes in the regulatory environment and OUR BUSINESS PROFILE (Proprietary) Limited and List Trust Company provides a comprehensive and balanced account other government action; fluctuations in (Proprietary) Limited, with the controlling of the company’s management of sustainability commodity prices and exchange rates; and As a truly African company employing 5 568 shareholder of the O&L Group being the Werner as well as its financial and ESG performance. The business and operational risk management. people in various sectors, the Ohlthaver & List List Trust. sustainability reporting principles and processes Group is rooted in and committed to, Africa employed by Ohlthaver & List are aligned with A discussion of the sustainability-related risks and all her peoples. The Group emerged from With annual revenues of over N$5 billion, O&L 5568 those of the GRI G4 Reporting Standard and and opportunities facing Ohlthaver & List is the early Ohlthaver & List Bank Kommission is a major contributor to state coffers and is this report has been subjected to a process included in the Corporate Governance section partnership between Hermann Ohlthaver and in the position of representing a significant of independent third-party assurance. The of this report, on page 56. Carl List in 1919; subsequently Ohlthaver & contributor to GDP in Namibia. Wherever it assurance statement can be found on page 90. List Finance and Trading Corporation Limited operates, this broad-based group is actively 15 (Olfitra) was established
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