Five-year financial history

Group

All figures in $m unless shown otherwise2016201520141
Restated
20132
Restated
2012
Summarised income statement3
Sales revenue65,64362,12959,90357,46657,685
Other operating revenue338318278283395
Operating revenue65,98162,44760,18157,74958,080
Operating profit before depreciation and amortisation, finance costs and income tax2,6424,9783,8774,4864,544
Depreciation and amortisation(1,296)(1,219)(1,082)(1,033)(995)
EBIT1,3463,7592,7953,4533,549
Finance costs(308)(315)(346)(417)(505)
Income tax expense(631)(1,004)(939)(908)(918)
Profit after tax from discontinued operations--1,179133n/a
Operating profit after income tax attributable to members of Wesfarmers Limited4072,4402,6892,2612,126
      
Capital and dividends
Ordinary shares on issue (number) 000's as at 30 June1,126,1311,123,7531,143,2751,157,1941,157,072
Paid up ordinary capital as at 30 June21,93721,84422,70823,29023,286
Fully-franked dividend per ordinary share declared (cents)186200200180165
Capital management: capital return and fully franked dividend components-10050--
      
Financial performance
Earnings per share (weighted average) (cents)36.2216.1234.6195.9184.2
Earnings per share growth(83.2%)(7.9%)19.8%6.4%10.5%
Return on average ordinary shareholders' equity (R12)(excluding significant items4)9.6%9.8%10.5%8.9%8.4%
Fixed charges cover (R12, times)(excluding significant items4)2.73.03.23.02.9
Interest cover (cash basis) (R12, times)(excluding significant items4)16.820.515.912.210.8
      
Financial position as at 30 June
Total assets40,78340,40239,72743,15542,312
Total liabilities17,83415,62113,74017,13316,685
Net assets22,94924,78125,98726,02225,627
Net tangible asset backing per ordinary share$3.45$4.85$6.14$4.69$4.45
Net debt to equity31.0%25.1%13.1%20.2%19.1%
Total liabilities/total assets43.7%38.7%34.6%39.7%39.4%
      
Stock market capitalisation as at 30 June45,15843,86047,83545,93634,846

1 The 2014 numbers have been restated to reflect the disposal of WesCEF’s interest in Air Liquide WA Pty Ltd as a discontinued operation.
2 The 2013 numbers have been restated to reflect the classification of the Insurance division as a discontinued operation.
3 The summarised income statement for 2016 includes significant items relating to the following pre-tax (post-tax) items: $1,266 million ($1,249 million) non-cash impairment of Target; $850 million ($595 million) non-cash impairment of Curragh; and $145 million ($102 million) of restructuring costs and provisions to reset Target.
4 The 2016 number excludes the significant items outlined in footnote 3 above.