Reporting period
This integrated report presents material
information about Medine Limited
(‘Medine’)’s financial and non-financial
performance, including our business
model, operating context, strategy,
risk management, governance and
stakeholder engagement. It includes
information about Medine and its
subsidiaries for the fiscal year from
1 July 2022 to 30 June 2023. It also
includes any significant events up to
the Board’s approval of this report’s
contents on 26 September 2023.
Integrated reporting
scope and boundary
Financial reporting boundary
Value creation
Forward-looking statements
This report contains certain
assumptions and projections relating
to Medine’s strategy, operational
results, the future demand for our
products and services, and the macro-
economic context that we operate in.
These forecasts are based on currently
available information and the opinions
of the Group’s leadership. Actual results
may differ from those described in
these statements due to unexpected
risks, uncertainties and other factors,
many of which are beyond our control.
Readers are therefore advised to
use caution when interpreting these
forward-looking statements.
About this report
Reporting frameworks
We have prepared this report in
accordance with the following
standards and frameworks:
The International Integrated
Reporting Council (IIRC)’s
Integrated Reporting Framework
International Financial Reporting
Standards
The Companies Act 2001
The Financial Reporting Act 2004
Combined assurance
Medine uses a combined assurance
model, with assurance provided by
the Group’s management as well
as internal and external assurance
providers. Our external auditor, Ernst
& Young, has provided assurance on
FY 2023 financial statements. Their
external auditor’s report can be found
on pages 117 to 121.
Medine’s management and directors
have also reviewed the information
relating to Medine’s non-financial
performance, strategy, and risk
presented in this report to ensure a
fair and balanced representation of the
Group’s material concerns.
Materiality
Medine considers information to
be material when its omission or
misstatement could influence our
stakeholders’ decision-making, and
when it substantively affects our
strategy, revenue and profitability,
and ability to create value over
time. These decisions have been
guided by the IFRS’ own definition of
materiality. However, we have excluded
information that could jeopardise
Medine’s competitive advantage.
Management
Internal
assurance
providers
External
assurance
providers
Digital reporting
In line with the Practice Direction
(No. 2 of 2022) issued by the Registrar
of Companies on 21 December 2022,
and in line with our wider sustainability
efforts, Medine is distributing its
integrated report digitally for the first
time. If you would like to receive a
printed copy of this report, please
contact our company secretary via
the email address in the feedback and
comments section below.
Feedback and comments
Your feedback helps us improve our reporting. We would
welcome your comments and questions and invite you to
send them to investor.relations@medine.com.
Strategy
[page 41]
Business Model
[page 38]
Risk
Governance
[page 85]
Operating
Context
[page 70]
Short
term
< 12 months
Medium
term
1-3 years
Long
term
> 3 years
Operational
Performance
[page 72]
Financial Performance
[page 122]
Corporate
Governance
[page 94]
Subsidiaries
Connect
with us
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About this report