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STRATEGIC 2016 ANNUAL REPORT - Namibia …

2016 STRATEGICPARTNERSHIPSINTEGRATED ANNUAL REPORTW indhoek Lager recently won its 10th consecutive gold medal at the DLG awards. * The international Deutsche Landwirtschafts Gesellschaft (DLG) Quality Evaluation rates beer brands that are brewed according to the Reinheitsgebot ( Purity Law ) of 1516 against quality specifi cations for taste, analytical and biological standards. windhoek LAGERWINDHOEK DRAUGHTWINDHOEK LIGHTTAFEL LAGER20162015201420132012201120102009NP2 008NP20072006 DLG AWARDS* Gold Silver Bronze NP not participatingStrategic Partnerships 1 TABLE OF CONTENTSABOUT THIS REPORT2 CHAIRPERSON S STATEMENT4 KEY FACTS AND FIGURES7 NBL PROFILE8 GEOGRAPHICAL FOOTPRINT10 NBL BRAND PROFILES12 PARTNERING FOR THE FUTURE17 NBL S PARTNERSHIP MODEL20A NAMIBIAN INVESTMENT WITH LONG-TERM PROSPECTS36 NBL TIMELINE37 OPERATING ENVIRONMENT39 MANAGING DIRECTOR S REPORT43 VALUE ADDED STATEMENT51 GOOD CORPORATE GOVERNANCE53 REMUNERATION REPORT68 ANNUAL FINANCIAL STATEMENTS71 DIRECTORATEANDADMINISTRATIONI nside back coverNamibia Breweries Limited Integrated ANNUAL REPORT 20162 About this reportChairperson s statementNBL profilePartnering forthe

Windhoek Lager recently won its 10th consecutive gold medal at the DLG awards. * The international Deutsche Landwirtschafts Gesellschaft (DLG)

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