Annual Integrated Report 2019

This is Bidcorp II
About this report II
Chairman’s statement 2
Board of directors 4
Our food adventure and global offering 6
Strategy and business model 8
Unpacking the Bidcorp business model 10
Bidcorp’s 2019 stakeholders 16
Leadership review 18
Chief executive’s report 20
Chief financial officer’s report 24
Divisional reviews 28
Bidfood Australasia 30
Bidfood United Kingdom 36
Bidfood Europe 42
Bidfood Emerging Markets 48
Bidcorp Corporate 54
54
ESG review 56
How we “ESG” our business 56
How we “ESG” our business – Environment 60
How we “ESG” our business – Social 62
How we “ESG” our business – Governance 64
Financial statements 66
Financial statements 66
Directors’ responsibility for the financial statements 68
Declaration by company secretary 68
Preparer of financial statements 68
Directors’ report 69
Audit and risk committee report 73
Acquisitions committee report 76
Nominations committee report 77
Remuneration committee report 78
Social and ethics committee report 79
Social and ethics committee report 80
Independent auditor’s report 82
Consolidated statement of profit or loss 88
Consolidated statement of other comprehensive income 89
Consolidated statement of cash flows 90
Consolidated statement of financial position 90
Consolidated statement of changes in equity 92
Notes to the consolidated financial statements 93
Separate statement of comprehensive income 160
Separate statement of financial position 161
Separate statement of changes in equity 162
Separate statement of cash flows 162
Notes to the separate financial statements 163
Shareholders’ information 166
Shareholders’ diary 168
Definitions and glossary 168
Administration 168

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