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(FORMERLY KNOWN AS SWISSPORT TANZANIA Tanzania Plc... · PDF fileswissport tanzania 1 annual report FROM LANDING TO TAKE OFF. WE CARE! 2013 Swissport Tanzania Plc (FORMERLY KNOWN

Jul 16, 2018

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  • 1swissport tanzania

    annual report

    FROM LANDINGTO TAKE OFF. WE CARE!

    2013

    Swissport Tanzania Plc(FORMERLY KNOWN AS SWISSPORT TANZANIA LIMITED)

  • 2 swissport tanzania

    table ofcontents

    Letter of Transmittal 4

    Chairmans Statement 6

    CEOs Report 8

    Report of the Directors 12

    Statement of Directors Responsibilities 26

    Report of the Independent Auditor 27

    Financial Statements

    Statement of Profit or Loss and other Comprehensive Income 28

    Statement of Financial Position 29

    Statement of Changes in Equity 30

    Statement of Cash Flows 31

    Notes 32

    Management Team 65

    General Information 66

  • 3

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    ouresteemedcustomers

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    Julius Nyerere and Kilimanjaro International Airports

    Julius Nyerere International Airport

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    Julius Nyerere, Kilimanjaro and Songwe International Airports

    Kilimanjaro International Airport

    FROM LANDINGTO TAKE OFF. WE CARE!

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    OUR ESTEEMED CUSTOMERS

    Kilimanjaro International Airport

    Julius Nyerere International Airport

    Julius Nyerere and Kilimanjaro International Airports

    AR 2012 sp april 2:Layout 1 4/2/13 6:48 PM Page 1

    Julius Nyerere International Airport and Mtwara Airport

  • 4 swissport tanzania

    letter oftransmittal

    To

    The shareholders

    Swissport Tanzania Plc

    Letter of Transmittal,

    The Directors of the company have the pleasure to submit to you the

    Annual Report of the company for the year ended 31 December 2013, in

    accordance with section 166 of the Companies Act, CAP 212 Act No. 12 of

    2002.

    The report contains the Chairmans Statement, CEOs Report, Report of the

    Directors and Auditors Report on the Financial Statements and Audited

    Financial Statements.

    An interim dividend of TAS 2,818M or TAS 78.29 per share was paid in

    November, 2013. The Directors recommend a final dividend of TAS 3,179M

    equal to TAS 88.31 per fully issued and paid up share making the total

    dividend to be TAS 5,997M or TAS 166.58 per share.

    Juan Jos Andrs Alvez

    Board Chairman

    Swissport Tanzania Plc

    April, 2014

    4 letter of transmittal

  • 5

    FROM LANDINGTO TAKE OFF. WE CARE!

    annual report2013

    Swissport Tanzania Plc(FORMERLY KNOWN AS SWISSPORTTANZANIA LIMITED)

    Certified under:

    ISO 9001: 2008 Quality Management System

    ISO 14001: 2004 Environmental Management System

    GLOBALGLOBAL

  • 6 Chairmans statement

    chairmansstatement

    As the Chairman of the board of Swissport Tanzania Plc, I am delighted to

    announce robust results for the year ended on 31 December, 2013. The results

    are a clear testimony that the company managed to sustain its positive growth in

    terms of revenue, profitability, investments and geographical expansion. Swissport

    International Ltd is determined to continue providing support to Swissport

    Tanzania Plc in terms of technology and training to its employees to ensure that

    performance continues to be improved in all fronts particularly in terms of service

    delivery to our esteemed customers and return to our shareholders.

    During the year, we spent US$ 2 million on ground support equipment and this

    has helped to strengthen our operations and improve customers and passengers

    satisfaction. We also managed to roll out operations at new stations in Mtwara

    and Songwe in line with our growth strategy. As much as traffic is still small, both

    airports have great potential for growth.

    Towards the end of the year, we started the construction of a modern and state of

    the art Cargo Facility at JNIA and we expect to spend about USD 6.3 million. The

    logistic concept and the design of this facility have taken into consideration the

    various local environments and operational practices as well as international air

    cargo handling standards. The facility will have Import Cargo storage area of

    about 8,000 sqm with dedicated storage areas for special cargo such as Dangerous

    Goods, Vulnerable Shipments etc. The facility will have a fully computerized cargo

    processing system with hand held devices and will be fully covered by CCTV

    surveillance.

    The new import facility is expected to be operational by the end of October 2014

    after which, the old cargo terminal will be turned into a dedicated export cargo

    facility, featuring a Perishable Export Centre with chillers and freezers able to

    process all different types of produce such as fish, meat, vegetables, flowers and

    medicines. The new export facility is expected to facilitate exports out of the

    country especially horticultural produce, meat and fish.

    The company has completed an advanced leadership trainng programme to our

    managers and supervisors and our Training Center which was established in

    2012 has continued to offer various courses in aviation not only to the Swissport

    employees but also to other stakeholders and interested parties. It is our

    anticipation that the center will help to mitigate the scarcity of aviation personnel in

    the country and create room for employment for the young generation in Tanzania

    and in the region.

  • 7Chairmans statement

    The company will continue enh

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