Annual Report 2012

Structure

The reporting period is from 1 July 2011 to 30 June 2012 (unless otherwise stated). The Report incorporates the activities of mecu Limited (trading as  bankmecu ) and its subsidiaries. bankmecu is solely based in Australia and headquartered in Melbourne, Victoria.

In the past, bankmecu has provided a separate Annual Report and Sustainability Report. For the first time last year these two reports were combined into the one document to produce an Annual Report. bankmecu’s previous Annual Report was made available in October 2011 for the period 1 July 2010 to 30 June 2011.

Over the past year bankmecu has been working to produce a more advanced report which aims to better integrate reporting of financial and non-financial performance against its business strategy, while maintaining accuracy, transparency, accountability and communicating performance on material issues of importance to stakeholders. To this end:

  • bankmecu is one of three Australian companies participating in the International Integrated Reporting Council (IIRC) pilot programme. The IIRC is leading the development of a global framework for Integrated Reporting.
  • bankmecu commissioned Net Balance to undertake a working road map for the development of an integrated report for the mutual banking sector, including a specific case study for bankmecu. bankmecu is drawing on this framework to assist its progression towards an integrated report.

This year bankmecu’s main focus towards integrated reporting is in aligning its reporting structure and content with its business strategy. bankmecu is shortening the Annual Report to contain key information, with readers having the option to refer to this mini-website for further information.

No material limitations have been considered in determining the scope or boundary of this report.

The performance of third-party organisations providing services to bankmecu and its customers through relationships do not form part of this report.

To provide feedback or ask questions regarding the content of bankmecu’s Annual Report, email mail@bankmecu.com.au or phone 132 888.

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