26 February 2016
This Half Year Financial Report is provided to the Australian Securities Exchange (ASX) under ASX Listing Rule 4.2A.3 and should be read in conjunction with the 2015 Annual Financial Report and any announcements made to the market during the period.
Current Reporting Period: Half year ended 3 January 2016 (27 weeks) Previous Corresponding Period: Half year ended 4 January 2015 (27 weeks)
TABLE OF CONTENTS
Results for Announcement to the Market for the Half Year Ended 3 January 2016 3
Directors' Report 6
Auditor's Independence Declaration 7
Independent Auditor's Review Report 8
Directors' Declaration 10
Condensed Consolidated Statement of Profit or Loss for the Half Year Ended 3 January 2016 11
Condensed Consolidated Statement of Other Comprehensive Income for the Half Year Ended 3 January 2016 12
Condensed Consolidated Statement of Financial Position as at 3 January 2016 13
Condensed Consolidated Statement of Changes in Equity for the Half Year Ended 3 January 2016 14
Condensed Consolidated Statement of Cash Flows for the Half Year Ended 3 January 2016 15
Notes to the Condensed Consolidated Financial Statements for the Half Year Ended 3 January 2016 16
Reporting Entity 16
Statement of Compliance 16
Basis of Preparation 16
Individually Significant Items 17
Business Acquisitions 19
Segment Information 19
Dividends Paid 21
Issued Capital 21
Financial Instruments 22
Contingent Liabilities 25
Capital Expenditure Commitments 25
Subsequent Events 25
RESULTS FOR ANNOUNCEMENT TO THE MARKET FOR THE HALF YEAR ENDED 3 JANUARY 2016
Revenue and Net Loss | |||
Percentage Change % | Amount $m | ||
Revenue from ordinary activities | down | 1.4 | to 32,219.1 |
Loss from ordinary activities after tax attributable to members | down | 176.0 | to (972.7) |
Net loss attributable to members | down | 176.0 | to (972.7) |
Brief Explanation of Revenue, Net Profit/(Loss) and Dividends (Distributions) | |||
Refer to Press Release - Half Year Profit/(Loss) and Dividend Announcement for the 27 weeks ended 3 January 2016. |
Details Relating to Dividends (Distributions)
2016 Financial Year | Amount per security | Franked amount per security | |
Interim dividend | 44¢ | 44¢ | |
Record date for determining entitlement to the interim dividend: | 4 March 2016 | ||
Date dividend payable/paid | Amount per security ¢ | ||
Interim dividend | 2016 | 8 April 2016 | 44 |
2015 | 24 April 2015 | 67 |
3-Jan-16 ¢ per share | 4-Jan-15 ¢ per share | |
Ordinary securities (fully franked at 30% tax rate) | 44 | 67 |
Interim dividend (distribution) per security
Interim dividend (distribution) on all securities
3-Jan-16 $m | 4-Jan-15 $m | |
Ordinary securities | 559.21 | 846.3 |
1 Represents the anticipated dividend based on the shares on issue as at the date of this report. This value will change if shares are issued between the date of this report and the ex-dividend date. |
RESULTS FOR ANNOUNCEMENT TO THE MARKET FOR THE HALF YEAR ENDED 3 JANUARY 2016
Details Relating to Dividends (Distributions) (continued)
Other disclosures in relation to dividends (distributions):
On 26 February 2016, the Board of Directors declared an interim dividend of 44 cents per share. The amount that is expected to be paid on 8 April 2016 will be approximately $559.2 million. No provision has been made in the Half Year Financial Report in line with the requirements of AASB 137 'Provisions, Contingent Liabilities and Contingent Assets'.
Dividend Reinvestment Plans
The Dividend Reinvestment Plan shown below is in operation.
Dividend Reinvestment Plan (DRP)
Under the terms and conditions of the DRP, eligible shareholders may elect to participate in the DRP in respect of all or part of their shareholding, subject to any maximum and/or minimum number of shares to participate in the DRP that the directors may specify. There is currently no minimum or maximum number of shares which a shareholder may designate as participating in the DRP.
In accordance with the DRP rules, the Directors have determined that a 1.5% discount will apply to the 2016 interim dividend. Therefore, shares allocated under the DRP for the 2016 interim dividend will be allocated at an amount equal to 98.5% of the average of the daily volume weighted average market price of ordinary shares of the Company traded on the ASX over the period of 10 trading days commencing on Tuesday 8 March 2016.
The last date for receipt of election notices for the Dividend Reinvestment Plan | 7 March 2016 |
Net Tangible Assets Per Security
3-Jan-16 ¢ per share | 4-Jan-15 ¢ per share | |
Net tangible assets per security | 223.0 | 352.4 |
Add: | ||
Brand names, liquor and gaming licences, customer relationships, distribution rights and property development rights per security | 188.8 | 193.8 |
Net tangible assets per security adjusted for brand names, liquor and gaming licences, customer relationships, distribution rights and property development rights | 411.8 | 546.2 |
Woolworths Ltd. issued this content on 26 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 March 2016 03:41:33 UTC
Original Document: http://www.woolworthslimited.com.au/page/Invest_In_Us/Investor_News/2016/HY16_Appendix_4D/