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Contents
References
Cross-reference content within this report
Further information available within our online report
All definitions are included in our glossary on pages 159 and 160.
Passionate about FOOD
Passionate about SERVICE
Passionate about PEOPLE
Solid performance
FINANCIAL STATEMENTS
55
Financial statements
156
Shareholders’ information
158
Shareholders’ diary
159
Glossary of terms and acronyms
IBC
Administration
Pursuing opportunity
GROUP REVIEW
FLAP
About this report
IFC
Serving those who serve great food
2
Our story so far
4
Strategy: "All about the food"
6
Bidcorp's recipe for success
8
Risks and opportunities
Transparency
GOVERNANCE REVIEW
44
Board of directors
46
Governance report
Unlocking value
LEADERSHIP REVIEW
12
Non-executive chairman's report
14
Chief executive’s report
18
Chief financial officer’s report
Continued growth
DIVISIONAL REVIEWS
24
Bidfood Australasia
28
Bidfood United Kingdom
32
Bidfood Europe
36
Bidfood Emerging Markets
40
Bidcorp Corporate
Bidcorp’s six capitals defined
Financial capital
The funding and financial resources
available to and deployed by the group;
including bonds issued, finance raised,
revenue generated, interest income and
funds reinvested.
Intellectual capital
Organisational knowledge, systems, protocols
and intellectual property in particular the innovative
cutting edge online customer & supplier interfaces
being used internationally to simplify, streamline and
create efficiencies in our business process end-to-
end; providing us with our competitive advantage.
Manufactured capital
The physical infrastructure used to sell
products; includes distribution centres
(owned and leased) and the IT systems
throughout the business enabling us
to procure, import, deliver and sell
our products and services around the
world.
Human capital
The competencies, capabilities and
experience of our employees and globally
diverse management team, enabling us
to deliver our products and services and
implement our strategy, thereby creating
value for our stakeholders.
Social and relationship capital
Stakeholder relationships and engagement making
up the critical, long-term relationships that we have
cultivated with customers, suppliers and business
partners in developing our internationally recognised
corporate reputation.
Natural capital
Environmental resources form the
foundation of our products and
services. Sourcing food products
locally, delivering them efficiently and
responsibly whilst protecting and
enabling the long-term sustainability of
food production.
1
Annual integrated report 2017
Bid Corporation Limited