Wesfarmers : 2017 Full-year Results Supplementary Information
August 16, 2017 at 07:52 pm EDT
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2017 Full-year Results Supplementary Information
Thursday, 17 August 2017
(to be read in conjunction with the 2017 Full-year Results Briefing Presentation)
Presentation outline
Item Page
Group Balance Sheet & Cash Flow 3
Coles 6
Home Improvement 10
Department Stores 14
Target 15
Kmart 19
Officeworks 23
Industrials 26
2017 Full-year results | 2
Group Balance Sheet & Cash Flow
Terry Bowen
Finance Director, Wesfarmers Limited
Group management balance sheet - overview
Year ended 30 June ($m)1 2017 2016 Commentary
Inventories
6,530
6,260
Detailed working capital discussion provided on slide 5
Decrease due to the divestment of Coles' interest in joint venture properties to ISPT & sale of land by WesCEF
Decrease due to the impact of appreciating AUD:GBP on Homebase acquisition intangibles & sale of Coles' credit card receivables
Decrease due to the utilisation of Homebase provisions recognised on acquisition & adjustment to Stanwell litigation provision
Decrease due to repayment of debt during the year:
$500m of domestic medium term notes repaid in November 2016
Over $900m debt repaid following sale of Coles' credit card receivables in February 2017
Reduction due to increased tax paid in FY17, largely driven by the improvement in Resources earnings
Receivables & prepayments
1,936
1,950
Trade & other payables
(6,616)
(6,492)
Other
410
411
Net working capital
2,260
2,129
Property, plant & equipment
9,440
9,612
Intangibles
18,936
19,073
Other assets
622
619
Provisions & other liabilities
(3,676)
(3,770)
Total capital employed
27,582
27,663
Net debt excluding financial services debt2
(4,321)
(5,727)
Net tax balances
680
1,013
Total net assets
23,941
22,949
The above balances reflect the management balance sheet, which is based on different classification & groupings than the balance sheet in the Appendix 4E.
Net debt including cross currency swap assets / liabilities & excluding financing of credit book relating to the Coles credit card.
2017 Full-year results | 4
Wesfarmers Ltd. published this content on 17 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 August 2017 23:51:07 UTC.
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Wesfarmers Limited is an Australia-based company engaged in various business operations, such as home improvement, outdoor living products and supply of building materials, and general merchandise and apparel, among others. Its segments include Bunnings Group; Kmart Group; Officeworks; Wesfarmers Chemicals, Energy and Fertilisers (WesCEF); Industrial and Safety; Health; Catch; and Other. The Bunnings Group segment is a retailer of building materials and home, garden and lifestyle improvement products. The Kmart Group segment is a retailer of apparel and general merchandise, including toys, leisure, entertainment, home, and consumables. The Officeworks segment is a retailer and supplier of office products and solutions for households, small-to-medium sized businesses, and the education sector. The WesCEF segment is a manufacturer and marketer of chemicals for industry, mining, and mineral processing; manufacturer and marketer of broadacre and horticultural fertilizers; and others.
WESFARMERS LIMITED 
