Five-year financial history

Group

Post AASB 16Pre AASB 16

All figures in $m unless shown otherwise1

202032019420185201720166
Summarised income statement

Revenue from contracts with customers

30,75344,48569,59568,09965,643

Other revenue

93199283345338

Total revenue

30,84644,68469,87868,44465,981

Operating profit before depreciation and amortisation, finance costs and income tax

4,2727,6274,0795,6682,642

Depreciation and amortisation 

(1,528)(809)(1,283)(1,266)(1,296)

EBIT (after interest on lease liabilities)

2,5076,8182,7964,4021,346

Other finance costs

(133)(175)(221)(264)(308)

Income tax expense

 
(677)(1,133)(1,378)(1,265)(631)

Profit after tax from discontinued operations

753,570(1,407)--

Operating profit after income tax attributable to members of Wesfarmers Limited

1,6975,5101,1972,873407
      
Capital and dividends

Ordinary shares on issue (number) 000's as at 30 June

1,133,8401,133,8401,133,8401,133,8401,126,131

Paid up ordinary capital as at 30 June

15,81815,80922,27722,26821,937

Fully-franked dividend per ordinary share (declared/determined) (cents)

152178223223186

Fully-franked special dividend per ordinary share (declared/determined) (cents)2

18100---
      
Financial performance

Earnings per share (weighted average) (cents)

150.0487.2105.8254.736.2

Earnings per share growth

(69.2)%360.5%(58.5)%603.6%(83.2)%

Return on average ordinary shareholders' equity (R12) (excluding significant items)

22.1%19.2%11.7%12.4%9.6%
      
Financial position as at 30 June

Total assets

25,42518,33336,93340,11540,783

Total liabilities

16,0818,36214,17916,17417,834

Net assets

9,3449,97122,75423,94122.949

Net tangible asset backing per ordinary share

$4.89$5.21$4.33$4.44$3.45

Net debt to equity

(0.9)%25.1%17.3%20.1%31.0%

Total liabilities/total assets

63.2%45.6%38.4%40.3%43.7%
      
Stock market capitalisation as at 30 June50,83041,00055,96645,49045,158

 

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

2The 2020 fully-franked special dividend reflects the distribution of after-tax profits on the sale of the Group's 10.1 per cent interest in Coles.

3The summarised income statement for 2020 includes significant items relating to the following pre-tax (post-tax) items: $525 million ($437 million) impairment of the Target brand name and other assets, $110 million ($83 million) restructuring costs and provisions in the Kmart Group and a $310 million ($298 million) impairment to WIS, offset by a gain of $290 million ($203 million) on the sale of 10.1 per cent of the interest in Coles, a gain of $220 million ($154 million) on the revaluation of the retained 4.9 per cent interest in Coles and a benefit of $83 million from the finalisation of tax positions on prior year disposals.

4The 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.

5The summarised income statement for 2018 includes significant items relating to the following pre-tax (post-tax) items: $306 million ($300 million) 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.

6The summarised income statement for 2016 includes significant items relation 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 Coal Mine; and $145 million ($102 million) of restructuring costs and provisions to reset Target.