Five-year financial history

Group

All figures in $m unless shown otherwise120192201832017201642015
Summarised income statement4,5
Sales revenue44,48569,59568,09965,64362,129
Other operating revenue199283345338318
Operating revenue44,68469,87868,44465,98162,447
Operating profit before depreciation and amortisation, finance costs and income tax7,6274,0795,6682,6424,978
Depreciation and amortisation(809)(1,283)(1,266)(1,296)(1,219)
EBIT6,8182,7964,4021,3463,759
Finance costs(175)(221)(264)(308)(315)
Income tax expense(1,133)(1,378)(1,265)(631)(1,004)
Profit after tax from discontinued operations3,570(1,407)---
Operating profit after income tax attributable to members of Wesfarmers Limited5,5101,1972,8734072,440
      
Capital and dividends
Ordinary shares on issue (number) 000's as at 30 June1,133,8401,133,8401,133,8401,126,1311,123,753
Paid up ordinary capital as at 30 June15,80922,27722,26821,93721,844
Fully-franked dividend per ordinary share declared (cents)178223223186200
Special dividend100----
Capital management: capital return and fully franked dividend components----100
      
Financial performance
Earnings per share (weighted average) (cents)487.2105.8254.736.2216.1
Earnings per share growth360.5%(58.5)%603.6%(83.2)%(7.9)%
Return on average ordinary shareholders' equity (R12) (excluding significant items4)19.2%11.7%12.4%9.6%9.8%
Fixed charges cover (R12, times)(excluding significant items5)3.23.03.12.73.0
Interest cover (cash basis) (R12, times)(excluding significant items5)30.630.425.016.820.5
      
Financial position as at 30 June
Total assets18,33336,93340,11540,78340,402
Total liabilities8,36214,17916,17417,83415,621
Net assets9,97122,75423,94122,94924,781
Net tangible asset backing per ordinary share$5.21$4.33$4.44$3.45$4.85
Net debt to equity25.1%17.3%20.1%31.0%25.1%
Total liabilities/total assets45.6%38.4%40.3%43.7%38.7%
      
Stock market capitalisation as at 30 June41,00055,96645,49045,15843,860

1 All figures are presented as last reported, including discontinued operations.

2 The summarised income statement for 2019 includes significant items relating to the following pre-tax (post-tax) items: $2,319 million ($2,264 million) gain on demerger of Coles, the $679 million ($645 million) gain on disposal of Bengalla, the $267 million ($244 million) gain on disposal of KTAS, the $138 million ($120 million) gain on disposal of Quadrant Energy and $146 million ($102 million) provision for Coles supply chain automation.

3The summarised income statement for 2018 includes significant items relating to the following pre-tax (post-tax) items: $306 million ($300 million post-tax) non-cash impairment of Target, BUKI's writedown and store closure provision of $931 million ($1,023 million), $375 million ($375 million) loss on disposal relating to BUKI, partially offset by $120 million ($123 million) gain of the Curragh Coal Mine.

4 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.

5 The 2016-2019 ratios exclude the significant items outlined in footnotes 2-4 above.