Annual integrated report 2017

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Assurance
To ensure the integrity of the annual integrated
report, Bidcorp adopts a combined assurance
model, which includes management, external audit,
internal audit and other independent assurance
providers.
Materiality
Our report focuses on issues which the board
believes are material to stakeholders and could
impact value creation in the business. We aim to
demonstrate the connectivity between our business
model, strategy and our risks and opportunities
analysis. The material issues are monitored by
management on an ongoing basis and have been
reported herein.
Forward looking statements
The annual integrated report may contain
statements regarding the future financial
performance of the group and specific businesses,
which may be considered to be forward looking
statements. By their nature, forward looking
statements involve risk and uncertainty, and
although we have taken reasonable care to ensure
the accuracy of the information presented, no
assurance can be given that such expectations will
prove to have been correct.
Board responsibility
It is the board’s responsibility to ensure the integrity
of the annual integrated report. The audit and
risk committee and social and ethics committee
acknowledge their responsibility to ensure the
integrity of this annual integrated report. The board
has accordingly applied its mind to the content of
the report and in the opinion of the board, believes it
addresses all material issues and presents fairly the
integrated performance of the organisation and its
social and environmental impacts.
The annual integrated report has been prepared
in line with best practice pursuant to the
recommendations of the King IV Code. The Bidcorp
board has authorised the annual integrated report for
release on October 11 2017.
Feedback
We value your comments and suggestions, should
you feel that there is important information that you
would like to see included in future reports, please
contact us on .
How to read this report
The Bidcorp annual integrated report for the
year ended June 30 2017 reports consolidated
information gathered from the global spread of
the group’s divisions. Bidcorp’s geographic reach
encompasses 34 countries on five continents. Due
to the expanse of local geographic regulations,
we only include limited material sustainability
information in the annual integrated report.
Additional information is available on request.
In line with the guidelines from the Integrated
Reporting Committee of South Africa we have
incorporated the relevant six capitals as a platform
to inform this review. By using the Global Reporting
Initiative (GRI) framework while striving for concise
reporting, only information relevant to the specific
Bidcorp environment is reported.
We stress that this report should be read together
with the information available on the Bidcorp
website ).
Financial performance
Bidcorp has, in addition to its actual audited results,
provided shareholders with pro forma financial
information in relation to the comparative year-end
due to the unbundling from The Bidvest Group
Limited in May 2016, to enable a full appreciation
of the true performance of the group.
About this report