Wesfarmers : 2017 Half-year Results Supplementary Information
February 14, 2017 at 04:59 pm EST
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2017 Half-year Results
Supplementary Information
To be read in conjunction with the 2017 Half-year Results Briefing Presentation to be held on Wednesday, 15 February 2017
Presentation outline
Item
Page
Group Balance Sheet
3
Coles
6
Home Improvement
10
Department Stores
13
- Target
14
- Kmart
18
Officeworks
22
Industrials
25
2017 Half-year results | 2
Group Balance Sheet
Group management balance sheet - overview
($m)1 1H16 FY16 1H17 Commentary
Inventories
6,580
6,260
6,852
Detailed working capital discussion provided on slide 5
Decrease since 1H16 due to Curragh impairment; decrease since FY16 due to property divestments by Bunnings & Coles
Decrease since 1H16 due to impairment of Target goodwill partially offset by goodwill on acquisition of Homebase
Increase since 1H16 mainly due to Homebase acquisition; decrease since FY16 due to seasonally lower employee provisions & release of Stanwell litigation provision
Decrease since FY16 due to repayment of $500m domestic medium term notes & a reduction in seasonal facilities
Increase since 1H16 due to Homebase acquisition; decrease since FY16 due to a downward revaluation of DTA for BUKI following expected reductions in UK corporate tax rate
Receivables & prepayments
1,810
1,950
2,083
Trade & other payables
(7,063)
(6,492)
(7,624)
Other
520
411
580
Net working capital
1,847
2,129
1,891
Property, plant & equipment
10,207
9,612
9,436
Intangibles
19,298
19,073
18,998
Other assets
711
619
797
Provisions & other liabilities
(3,141)
(3,770)
(3,665)
Total capital employed
28,922
27,663
27,457
Net debt excluding financial
(4,470)
(5,727)
(4,492)
services debt2
Net tax balances
510
1,013
802
Total net assets
24,962
22,949
23,767
1 The above balances reflect the management balance sheet, which is based on different classifications & groupings to the balance sheet in the 2017 Half-year Report.
2 Net debt including cross currency swap assets / liabilities & excluding financing of credit book relating to the Coles credit card.
2017 Half-year results | 4
Wesfarmers Ltd. published this content on 15 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 February 2017 21:58:08 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 
