RCL FOODS LIMITED RCL FOODS LIMITED | WE GROW | |
WHAT MATTERS | ||
ABRIDGED INTEGRATED ANNUAL REPORT 2023
EXECUTIVE | OUR BUSINESS | HOW WE | OUR STRATEGIC | OUR KEY REPORTS | ABRIDGED FINANCIAL |
SUMMARY | OVERVIEW | OPERATE | PROGRESS | AND REVIEWS | STATEMENTS |
WELCOME TO OUR 2023
ABRIDGED INTEGRATED ANNUAL REPORT
This report reflects RCL FOODS' performance for the 12 months ended June 2023. Please refer to page 1 for details on the report's scope and boundary, the materiality and comparability of its information, and its assurance and approval.
In order to focus and streamline the narrative in this year's report, we have chosen to start with an executive summary section, headed by our CEO's report, which gives an overview of our impact in 2023. This is followed by an overview of our business, how we operate, our strategic progress, our Chairman's and CFO's reports, and our Abridged Financial Statements.
This year we are also proud to launch our first digitally-led Integrated Annual Report - an interactive reading experience that uses embedded links to bring the content alive and facilitate easy navigation between the parts of the report.
Click here to access our full Integrated Annual Report suite for 2023.
RCL FOODS LIMITED ABRIDGED INTEGRATED ANNUAL REPORT 2023
NAVIGATING THE REPORT
Click on this link to access related information on the | |
RCL FOODS website at www.rclfoods.com | |
Click on this link to access the page in the Annual | |
AFS | Financial Statements with more details |
Click on this link to access the page in the Sustainable | |
SBR | Business Report with more details |
Click on this link to access to access the Corporate | |
GOV | Governance Report with more details |
ICON REFERENCES
OUR CAPITALS
FINANCIAL CAPITAL
HUMAN CAPITAL
INTELLECTUAL CAPITAL
MANUFACTURED CAPITAL
NATURAL CAPITAL
SOCIAL AND RELATIONSHIP CAPITAL
OUR STAKEHOLDERS
COMMUNITIES
CONSUMERS
CUSTOMERS
EMPLOYEES
ENVIRONMENT
GOVERNMENT
INVESTORS AND FUNDERS
MEDIA
SUPPLIERS
EXECUTIVE | OUR BUSINESS | HOW WE | OUR STRATEGIC | OUR KEY REPORTS | ABRIDGED FINANCIAL |
SUMMARY | OVERVIEW | OPERATE | PROGRESS | AND REVIEWS | STATEMENTS |
ABOUT THE REPORT
BOUNDARY AND SCOPE
The aim of this Abridged Integrated Annual Report is to provide stakeholders with a balanced and holistic view of both the financial and environmental, social and governance (ESG) impacts of RCL Foods Limited (RCL FOODS or the Group) to enable them to obtain a better understanding of its long-term prospects. The report also includes the financial performance of RCL FOODS' joint ventures and associates. It covers the performance for the twelve months ended June 2023 and provides an overview of operations of the Group with relevant comparatives to the previous period.
RCL FOODS values feedback and therefore welcomes any questions or comments regarding this report. These can be emailed to the Company Secretary, Lauren Kelso, at lauren.kelso@rclfoods.com. Stakeholders are also directed to the Group's website for this report and other relevant additional supporting reports, Board committee charters and compliance information.
RCL FOODS LIMITED ABRIDGED INTEGRATED ANNUAL REPORT 2023
MATERIAL ASPECTS AND
COMPARABILITY
Materiality has been applied to qualitative and quantitative disclosures contained in this report. An item is considered material if it could influence the decisions of our business and its stakeholders. There have been no significant changes to the content and scope of this report from prior years. To enhance the comparability of information, certain comparative figures may have been restated and these have been noted as such.
ASSURANCE AND APPROVAL
The Board acknowledges its responsibility for the content of RCL FOODS' Abridged Integrated Annual Report. The Board has contributed to the identification of matters that are material to RCL FOODS and these matters have been used to select relevant information to be addressed in the report. Management has prepared and verified the information in the report, ensuring an accurate, balanced, and comprehensive overview of the organisation. The information has been verified by a combination of internal and external assurance providers.
Details of the assurance element and providers are set out onAFS pages 9 to 14 of the Annual Financial Statements, available on our
website at www.rclfoods.com/financial-results-and-reports-2023.
RELATED REPORTS
This Abridged Integrated Annual Report forms part of, and should be read in conjunction with, a suite of reports available online on our website, namely:
RCL FOODS LIMITED | |||||
SUSTAINABLE BUSINESS | RCL FOODS LIMITED | RCL FOODS LIMITED | RCL FOODS LIMITED | RCL FOODS LIMITED | |
REPORT 2023 | |||||
ANNUAL | CORPORATE | REMUNERATION | KING IV | ||
FINANCIAL | GOVERNANCE | REPORT | APPLICATION | ||
STATEMENTS | REPORT | FOR THE YEAR ENDED JUNE | REGISTER | ||
FOR THE YEAR ENDED JUNE | FOR THE YEAR ENDED JUNE | 2023 | FOR THE YEAR ENDED JUNE | ||
2023 | 2023 | 2023 | |||
WE GROW | |||||
WHAT MATTERS | |||||
Sustainable | Annual Financial | Corporate Governance | Remuneration | King IV Application |
Business Report | Statements | Report | Report | Register |
REPORTING GUIDANCE
1
EXECUTIVE | OUR BUSINESS | HOW WE | OUR STRATEGIC | OUR KEY REPORTS | ABRIDGED FINANCIAL |
SUMMARY | OVERVIEW | OPERATE | PROGRESS | AND REVIEWS | STATEMENTS |
RCL FOODS LIMITED ABRIDGED INTEGRATED ANNUAL REPORT 2023
CONTENTS
1 About the report
-
EXECUTIVE SUMMARY
OF THE 2023 FINANCIAL YEAR - Our CEO's report
12 Our business at a glance
14 Our impact in 2023
- OUR BUSINESS OVERVIEW
- Our purpose
- Our business strategy
- Our way
- Our sustainability strategy
- Our brands
- Our history
- Our locations
- HOW WE OPERATE
- Our operating context and trends
- Our value creation model
UNPACKING OUR VALUE CREATION
- Our capital inputs, outcomes, trade-offs and stakeholders impacted
40 Our stakeholder engagement
49 Our material risks
56 Our leaders
58 Our corporate governance
- OUR STRATEGIC PROGRESS
- RCL FOODS Value-Added Business
- Rainbow
- OUR KEY REPORTS AND REVIEWS
- Our Chairman's report
71 Our CFO's report
82 Pro Forma Financial Statements
- Definitions and ratios
- Our five-year review
90 Share information
91 ABRIDGED FINANCIAL
STATEMENTS
REGULATORY APPROVALS
- Letter to shareholders
-
Report of the audit committee
ABRIDGED FINANCIAL STATEMENTS
- Consolidated statement of financial position
- Consolidated income statement
- Consolidated statement of comprehensive income
- Consolidated cash flow information
- Consolidated statement of changes in equity
- Supplementary information
- Segmental analysis
104 Notes to the abridged financial statements
SHAREHOLDER INFORMATION
115 Notice of Annual General Meeting
121 Form of proxy
- Shareholders' diary
- Corporate information
2
RCL FOODS LIMITED ABRIDGED INTEGRATED ANNUAL REPORT 2023
EXECUTIVE | OUR BUSINESS | HOW WE | OUR STRATEGIC | OUR KEY REPORTS | ABRIDGED FINANCIAL |
SUMMARY | OVERVIEW | OPERATE | PROGRESS | AND REVIEWS | STATEMENTS |
EXECUTIVE | ||
4 | OUR CEO'S REPORT | SUMMARY |
12 | OUR BUSINESS AT A GLANCE | OF THE 2023 |
14 | OUR IMPACT IN 2023 | FINANCIAL |
YEAR |
3
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Disclaimer
RCL Foods Limited published this content on 28 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2023 10:56:07 UTC.
