DOCSLIB.ORG

Annual Report 2011 Closer Every Day

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2011 Closer Every Day Annual Report 2011 Closer every day. Woolworths Limited Annual Report 2011 CONTENTS CAPITAL MANAGEMENT Chairman’s Report 11 Managing Director’s Report 12 Successful completion of Highlights 14 The Results in Brief 18 $704 million off market Food, Liquor and Petrol 20 share buyback and sales of General Merchandise 26 Hotels 32 approximately $390 million Overheads, Expenses and Balance Sheet 33 in property assets. Capital Management and Outlook 34 Board of Directors 36 Management Board 2011 41 EARNINGS Directors’ Statutory Report 42 Remuneration Report 45 Auditor’s Independence Declaration 68 Corporate Governance Statement 69 5.1% Financial Report to Shareholders 80 increase Shareholder Information 167 in net profit after tax to $2,124.0 million (6.4% excluding natural disaster costs). www.woolworthslimited.com.au ABN 88 000 014 675 CASH FLOWS Solid increase in operating cash flows. EARNINGS 6.5% 6.6% 6.3% increase increase increase in earnings per share in earnings before in earnings before to 174.6 cents. interest, tax, depreciation interest and tax to and amortisation. $3,276.4 million. SALES DIVIDENDS 4.7% 6.1% increase increase Sales of $54,143 million, in fully franked up 4.7% including petrol dividend to 122 cents (excluding petrol, up 4.1%). per share. 1 Woolworths Limited Annual Report 2011 Thousands of shelf prices reduced during the year We’re knocking down prices every week… 63% rise in online sales over the last year We’re making online shopping easier and more accessible… 2 …so meal time is more about the family and less about the cost. …so you can sit back and let us come to you. Woolworths Limited Annual Report 2011 The widest choice of wines, beers and spirits in Australia and NZ We search the globe for the best beers and wines… BIG W committed to the lowest prices on quality and branded products We bring you the latest trends for the home and family at the lowest prices… 4 …for occasions when you want to explore without leaving home. …so you can live life to the full. Woolworths Limited Annual Report 2011 Dick Smith – the technology experts We’re in the know when it comes to all the latest technology… ALH hotels serve 230,000 meals a week We’re there for when you want to step back from the cooking… 6 …for moments when you can’t miss a second of the action. …and step out with friends and family. Woolworths Limited Annual Report 2011 19 Masters home improvement stores now under construction We’re building a new extension… Continuing investment in new generation supply chain solutions We use fresh thinking to deliver food to stores faster… 8 …for times when you need a hand building yours. …so you can taste the freshness in every bite. “Woolworths once again demonstrated the resilience and sustainability of its business model by delivering a 5.1% increase in net profit after tax to $2,124 million.” Chairman’s Report A new phase of growth On behalf of the Board, I am to enable us to respond to focus on the customer, his strategic effect of costs associated with the pleased to report another very customers with greater acumen and breadth of experience accelerated start up of a major new solid financial result for the flexibility to meet their choices. and the Board is very confident in business in home improvement. Company for the 2010-11 year. A major event for the Board his ability to lead the company to The Board and management The period involved significant was the announcement of the new levels of success. He has been remain confident about the challenges for the retail sector impending retirement at the end instrumental in delivering many outlook for Woolworths’ as stronger competition entered of September of CEO Michael of Woolworths’ major growth continued growth and success. the market, consumer spending Luscombe after his five year platforms over the last decade, Whilst the immediate trading slowed, savings rates increased, tenure, and the selection process including the liquor and hotels future continues to be subdued, deflation impacted sales and leading to the appointment of strategy and the development of Woolworths is a company managed margin levels, and natural Grant O’Brien as his successor. our home improvement strategy. for the long term via sustained Grant will lead Woolworths into disasters caused disruptions. Michael has made an enormous growth and improvement. a new phase of growth and change, Despite this background contribution to Woolworths further cementing the company’s Woolworths once again throughout his long career and position as Australia’s leading demonstrated the resilience and we are extremely grateful for retailer. sustainability of its business model his leadership, integrity and by delivering a 5.1% increase in net commitment. During his tenure The Board wishes to acknowledge profit after tax to $2.124 billion. as CEO, the company has more our 190,000 staff members whose James Strong In this highly unpredictable than doubled its profits and dedication and commitment Chairman economic environment, returned more than $7 billion to our customers delivered this Woolworths has delivered an to shareholders. He placed result. In the coming year, we will improved return for shareholders great importance on people and continue to grow our pool of talent with a 6.1% increase in fully achieved significant improvements and provide new development franked dividends to 122 cents in safety, workplace diversity, opportunities for many thousands per share, which again exceeds sustainability and community of employees. earnings growth. investment. Above all, he set an Given the current difficult We continued to strengthen our excellent example for everyone conditions, the outlook for the medium to long term position in Woolworths with his modesty, next twelve months of trading during the year through capital hard work and care for individuals. is uncertain. Despite this the investment in our core businesses Grant O’Brien is a highly Woolworths Board has provided and via new growth opportunities experienced retailer with more guidance to the market based such as home improvement and than 24 years of Woolworths on realistic lower growth multi-channel offers to customers, service under his belt. He was expectations in the short term, an important new diversification selected on the basis of his keen and taking into account the EPS (cents) Dividends per share (cents) 07 108.8 07 74.0 08 134.9 08 92.0 09 150.7 09 104.0 10 164.0 10 115.0 11 174.6 11 122.0 11 Woolworths Limited Annual Report 2011 Managing Director’s Report A strong focus on value “Woolworths maintained a clear focus on meeting our customers’ needs by delivering lower prices, greater ranges and better shopping experiences across all our brands.” Without doubt, the 2011 financial year with particularly strong caused considerable disruption Our customer engagement year has witnessed unprecedented growth achieved by Australian to our business, particularly strategy went from strength macro economic circumstances and New Zealand Supermarkets our supermarket operations in to strength with more than which had an adverse effect on and Liquor. As our customers Queensland and Christchurch and 8.4 million customers now signed retailing. Consumer confidence strive to make their budget stretch as a result we incurred $38 million up to our loyalty programs in remained historically low as further, our brands grew customer in direct additional costs. Australia and New Zealand. customers reacted adversely numbers, basket size and market However, Woolworths maintained In addition to rewarding our to rising utility costs, interest share which reflect well on our a clear focus on meeting our customers, we are now deriving rate hikes in the first half of the overall value commitment and customers’ needs by delivering considerable benefits from the year and general global financial the underlying strength and lower prices, greater ranges and data analytics and integrating this uncertainty, and opted to save relevance of our offers. We will better shopping experiences rich knowledge into our decision- rather than spend their money. maintain a very strong focus on across all our brands. A key growth making in order to further improve This coincided with significant the delivery of value in the coming strategy is our evolution into a our offer to customers. deflation in both general year to reinforce the positive price true multi-channel business, Cost consciousness is a merchandise and food, driven perception we have established taking advantage of online, direct fundamental part of Woolworths’ by the strong Australian dollar of all our brands. and social networking platforms DNA and in 2011 we continued and a highly competitive trading In addition to fiscal uncertainty, to service our customers’ to leverage our scale to create new environment. The combined effect Mother Nature wreaked changing shopping requirements. efficiencies across all businesses made trading extremely tough. havoc with floods, cyclones Woolworths is taking a strong and support functions. Our supply In spite of these conditions, all and earthquakes. As well as lead in multi-channel, reporting chain remains a key focus for of our trading divisions recorded devastating many of our local a 63% increase in online sales improvement as we stretch our positive profit results during the communities, these events during the year. Project Refresh expertise across 12 other parts of our businesses. progressed considerably during and innovations. Woolworths is Maintaining strong control 2011. Our first Masters big box a wonderful family to be a part over costs and efficiencies store, which opened at the start of and I consider myself extremely enables us to further enhance of September 2011 in Melbourne, lucky to have had the chance to our competitiveness and ability is already a resounding success, be part of it for more than thirty Michael Luscombe to withstand difficult trading with customers immediately years.
Load more

Recommended publications
  • Market Update
    18 July 2013 Market Update - July 2013 KEY UPDATES ͻ Home Improvement trading and performance ͻ Dick Smith sale finalisation ͻ Debt buy back - redemption of US 144A Bonds ͻ Victorian transport fleet changes ͻ Upgrade to earnings guidance HOME IMPROVEMENT Overview Woolworths Limited (Woolworths) is pleased that good progress has been made in rolling out the Masters business. The rationale for entering the Australian Home Improvement market remains compelling and attractive with substantial opportunity for growth. The market is a significant one with more than $42 billion in sales in FY12. While most similar international markets, including New Zealand, have at least two major players, the Australian market is fragmented and has had just one major chain with around 16% market share. Masters is bringing competition to this market for Australian consumers. As a greenfields business we eXpected many challenges and along with our joint venture partner Lowe's Companies, Inc. ;>ŽǁĞ͛ƐͿ, we have learnt a lot over the last two years. With Lowe's guidance and expertise, particularly with its recent entries into Canada and Mexico, Masters is designed to be more than a big boX hardware store and competes across many categories other than hardware. At the announcement of our Home Improvement strategy in 2010, we said it would take five years from the first store opening for the joint venture to become a profitable division in its own right. We are confident that our Home Improvement business remains on track to be a business that will be built in the first five years and deliver returns in the following years.
    [Show full text]
  • Auspinets07c
    TAR GET’S STATE MENT AUSPINE LIMITED Auspine Directors ABN 48 004 289 730 recommend that YOU REJECT GUNNS’ OFFER For personal use only www.auspine.com.au How to REJECT the IMPORTANT NOTICES Gunns’ Takeover Offer TO SHAREHOLDERS Nature of this document This document is a Target Statement issued by Auspine Limited 1 Take no action under Part 6.5 Division 3 of the Corporations Act and in response to Gunns Limited’s Bidder Statement and Offer dated 13 June 2007. If you are in any doubt as to how to deal with this document, you should consult your broker or other professional adviser as soon 2 Ignore all as possible. Defined Terms documents Capitalised terms and certain abbreviations used in this Target sent to you Statement are defined in the Glossary and Interpretation on page 38. Investment Advice Disclaimer by Gunns This Target Statement does not take into account the individual investment objectives and constraints of any Auspine shareholder or any other person and as such should not be relied upon as the To make a fully informed decision, sole basis of any investment decision regarding the proposed you should read this Target’s takeover offer. Independent financial and taxation advice should be sought before making any investment decision. Statement in its entirety. If you have any questions, please send an email to the Forward-Looking Statements Disclaimer Auspine Shareholder email helpline: Some of the statements appearing in this Target Statement are [email protected] or visit our website forward-looking statements. Forward-looking statements involve known and unknown risks, key considerations, uncertainties, at www.auspine.com.au assumptions and other important factors that could cause the actual results, performance or achievements of Auspine to be materially different from future results, performance or achievements expressed or implied by such statements.
    [Show full text]
  • The Clearcut Case: How the Kyoto Protocol Could Become a Driver For
    omslag CLEARCUT 31-10-2000 15:35 Pagina 1 THE CLEARCUT CASE: HOW THE KYOTO PROTOCOL Greenpeace International WWF Climate Change Campaign Native Forest Network Climate Campaign Director Southern Hemisphere Keizersgracht 176 Jennifer Morgan Beth Gibbings, Tim Cadman COULD BECOME A DRIVER 1016 DW Amsterdam c/o WWF US PO Box 301, Deloraine The Netherlands 1250 24th Street, NW Tasmania 7304 Tel: +31 20 523 6222 Washington DC 20037 FOR DEFORESTATION Fax: +31 20 523 6200 USA Phone: +61 3 6369 5474 www.greenpeace.org Phone: +1 202 861 8388 Fax: +61 3 6369 5150 Fax: +1 202 331 2391 ISBN: 90-73361-65-6 www.panda.org/climate www.nfn.org.au A report for Greenpeace International and WWF by Tim Cadman Design: Suggestie & illusie, www.illusie.nl Photos: top right - © Tim Cadman, top left - © Greenpeace/Perrine, bottom right - © Greenpeace/Vielmo, bottom left - © Tim Cadman Contents Executive Summary 3 Introduction 5 The use of plantations to respond to climate change in Australia 7 The Federal Government 7 Clearance of native forests for “carbon” plantations in Tasmania 8 State Government, associated agencies and plantation establishment 8 Case Studies 10 NORTH Forest Products, TEPCO and the Tamar Tree Farms Project 10 Gunns Ltd 10 Other forestry companies 10 Plantation Investments investigated in Tasmania (my emphasis) 10 Conclusions 16 Sources consulted in preparation of this report 17 Definition of Terms 18 Author: Tim Cadman, M.A. About the Author Tim Cadman M.A. is a graduate of Girton College, Cambridge, and a Ph.D student in Applied Science at Canberra University.He specialises in research into sustainable forest management and certification and labelling.
    [Show full text]
  • Application for Employment
    APPLICATION FOR EMPLOYMENT The completion of this form does not indicate that there is any obligation on this Company to offer employment to the applicant. The personal information you provide in this document will be held by this company for a limited period of time only and will be used for the purpose of assessing your suitability for employment. It will be accessible to senior management staff only. You have a right of access to this information to ensure its accuracy. This is a Confidential Document subject to the Privacy Act 1993 SECTION ONE: Position Company: I.T. Watson Ltd trading as Freshchoice Richmond Position applied for: ______________________________________________________________________ I am available to work: Full Time – a minimum of 40 hours per week (as per an assigned roster) Part Time – less than 40 hours per week (as per an assigned roster) If your Application for Employment is accepted, when could You commence employment with Freshchoice Richmond?_________________________________________ What is your notice period with your current employer (if applicable)?____________________________________ SECTION TWO: Personal Information SURNAME or Family Names:____________________________________________________________________________________ First Name:____________________________________________ Middle Name:__________________________________________ Date of Birth: ______ / ______ / ______ Place of Birth:__________________________ Country of Birth:____________________ (If under 20 years old) Are you known or have you
    [Show full text]
  • Full Year Profit Announcement
    F20 Final Profit and Dividend Announcement For the 52 weeks ended 28 June 2020 Bringing our Purpose to life and creating a COVIDSafe environment F20 Group highlights1,2,3 Group Online Group Group Dividend sales sales EBIT NPAT per share $63,675 M $3,523 M $3,219M $1,602M 94 ¢ % % % 5 8.1 41.8% (0.4) (1.2) (7.8)% Woolworths Group CEO, Brad Banducci, said: “At our half-year results in February, we spoke about the many challenges the communities we operate in had faced including drought, bushfires, the White Island tragedy in New Zealand and unrest in Hong Kong. At the time, no one could have imagined how the rest of the year would unfold with the devastating impact of COVID-19. Our main priority for F21 is making COVIDSafe a part of everything we do. I again want to recognise the way our team has continued to respond to the ongoing challenges, and I continue to be inspired by our team's collective commitment to do the right thing. “COVID-19 had a material impact on the Group’s financial performance for the year. After strong first half Group EBIT1 growth of 11.4%, EBIT growth in H2 was distorted by COVID. The closure of Hotels for much of the last four months of the financial year led to a material decline in its H2 EBIT compared to the prior year. However, the impact of the closures was partially offset by strong sales-driven EBIT growth across our retail businesses, despite materially higher customer and team safety costs.
    [Show full text]
  • Annual Report
    -- 1~ OEC 19 95 ANNUAL REPORT A U S T R A L I A N M l l S E U M s ,. d n c .' A s 11 ISSN 1039- IJl41 - ANNUAL REPORT CONTENTS 4 Introduction and Highlights s Mission 7 Premier's Message 9 President's Message 11 Director's Message 1 3 Public Programs and Marketing 17 Science in the Museum 2 9 Commercial Activities 31 Administration 34 Financial Statements Appendices 47 Trust 48 Management Structure 51 Staff 55 Publications 63 Sponsors 64 Index 3 INTRODUCT ION AND H IGHLI G HTS The Australian Museum finds itse lf in the fortunate position of being located in the city of Sydney, host of HIGHLI GHTS OF THE Y EAR IN CL UDE: the Olympic Games in the ye ar 2000. Our plan s are influenced by the goal of full participation in the Games • 'Rediscovering Pompeii' exhibition received over lead -up program. the Cultural Olympiad. Sydney can 15o,ooo visitors; ga in from the creativity and expertise which Museum staff offer in both exhibition developm ent and • 'Search & Discover' resource centre In its first six environmental management. These are the two distinct, months, received 35,000 visitors an d over 4,000 yet interacting sides : the public face of the Museum and telephone enquiries; the expertise which lies behind the scenes. Over the years. ma ny changes have occurred in the Museum, just • Outreach Programs reached over 550,ooo people in as concepts of science. nature and humanity have regional centres and schools; changed and tech nological adva nce s have been forged.
    [Show full text]
  • House of Representatives
    COMMONWEALTH OF AUSTRALIA Official Committee Hansard HOUSE OF REPRESENTATIVES STANDING COMMITTEE ON TRANSPORT AND REGIONAL SERVICES Reference: Commercial regional aviation services in Australia and alternative transport links to major populated islands WEDNESDAY, 4 JUNE 2003 CANBERRA BY AUTHORITY OF THE HOUSE OF REPRESENTATIVES INTERNET The Proof and Official Hansard transcripts of Senate committee hearings, some House of Representatives committee hearings and some joint committee hearings are available on the Internet. Some House of Representatives committees and some joint committees make available only Official Hansard transcripts. The Internet address is: http://www.aph.gov.au/hansard To search the parliamentary database, go to: http://search.aph.gov.au HOUSE OF REPRESENTATIVES STANDING COMMITTEE ON TRANSPORT AND REGIONAL SERVICES Wednesday, 4 June 2003 Members: Mr Neville (Chair), Mr Andren, Mr Gibbons, Mr Haase, Ms Ley, Mr McArthur, Mr Mossfield, Ms O’Byrne, Mr Schultz and Mr Secker Members in attendance: Mr Andren, Mr Haase, Ms Ley, Mr McArthur, Mr Mossfield, Mr Neville, Ms O’Byrne, Mr Secker and Mr Schultz Terms of reference for the inquiry: To inquire into and report on: Commercial regional aviation services in Australia and alternative transport links to major populated islands. WITNESSES SMITH, Mr Richard Harold (Dick) (Private capacity).............................................................................. 571 Wednesday, 4 June 2003 REPS TRANS & REG SERV 571 Committee met at 9.52 a.m. SMITH, Mr Richard Harold (Dick) (Private capacity) CHAIR—Ladies and gentlemen, I declare open this public hearing of the House of Representatives Standing Committee on Transport and Regional Services in its inquiry into commercial regional aviation services in Australia and transport links to the major populated islands.
    [Show full text]
  • New Supply Agreements - 07:37:34 27 Aug 2021 - EISB News Article | London Stock Exchange
    06/09/2021, 14:04 New Supply Agreements - 07:37:34 27 Aug 2021 - EISB News article | London Stock Exchange RNS Agreement New Supply Agreements EAST IMPERIAL PLC Released 07:37:34 27 August 2021 RNS Number : 0046K East Imperial PLC 27 August 2021 ANNOUNCEMENT NO.2 - NEW SUPPLY AGREEMENTS - FINAL STRICTLY CONFIDENTIAL 27 August 2021 East Imperial PLC ("East Imperial" or the "Company") EAST IMPERIAL SECURES SIGNIFICANT NEW SUPPLY AGREEMENTS ● New agreement to supply Woolworths-owned Countdown and Foodstuffs ● New partnership with Metcash, one of Australia's largest wholesalers East Imperial, the global purveyor of ultra-premium beverages, is pleased to announce a series of significant new supply agreements across Australia and New Zealand. Under an agreement with Woolworths New Zealand, East Imperial will supply its range of premium mixers to Countdown stores across New Zealand. In a separate agreement, Foodstuffs, New Zealand's largest supermarket chain, has also agreed to stock East Imperial's beverages in all of its New World supermarkets across New Zealand's South Island, in addition to the outlets already supplied on the North Island. Both these agreements provide a step-change in East Imperial's off-trade offering and will now take the total number of retailers supplied across the region to over 1000 outlets. This includes the recently announced agreement to supply 245 Dan Murphy's stores, one of Australia's largest and most-respected alcoholic beverage retailers. In addition, East Imperial is also pleased to have secured an agreement with Metcash, one of Australia's largest wholesalers, to stock the Company's range of beverages providing access and brand visibility to independent retailers across Australia.
    [Show full text]
  • NGA Retailer Membership List October 2013
    NGA Retailer Membership List October 2013 Company Name City State 159-MP Corp. dba Foodtown Brooklyn NY 2945 Meat & Produce, Inc. dba Foodtown Bronx NY 5th Street IGA Minden NE 8772 Meat Corporation dba Key Food #1160 Brooklyn NY A & R Supermarkets, Inc. dba Sav-Mor Calera AL A.J.C.Food Market Corp. dba Foodtown Bronx NY ADAMCO, Inc. Coeur D Alene ID Adams & Lindsey Lakeway IGA dba Lakeway IGA Paris TN Adrian's Market Inc. dba Adrian's Market Hopwood PA Akins Foods, Inc. Spokane Vly WA Akins Harvest Foods- Quincy Quincy WA Akins Harvest Foods-Bonners Ferry Bonner's Ferry ID Alaska Growth Business Corp. dba Howser's IGA Supermarket Haines AK Albert E. Lees, Inc. dba Lees Supermarket Westport Pt MA Alex Lee, Inc. dba Lowe's Food Stores Inc. Hickory NC Allegiance Retail Services, LLC Iselin NJ Alpena Supermarket, Inc. dba Neimans Family Market Alpena MI American Consumers, Inc. dba Shop-Rite Supermarkets Rossville GA Americana Grocery of MD Silver Spring MD Anderson's Market Glen Arbor MI Angeli Foods Company dba Angeli's Iron River MI Angelo & Joe Market Inc. Little Neck NY Antonico Food Corp. dba La Bella Marketplace Staten Island NY Asker's Thrift Inc., dba Asker's Harvest Foods Grangeville ID Autry Greer & Sons, Inc. Mobile AL B & K Enterprises Inc. dba Alexandria County Market Alexandria KY B & R Stores, Inc. dba Russ' Market; Super Saver, Best Apple Market Lincoln NE B & S Inc. - Windham IGA Willimantic CT B. Green & Company, Inc. Baltimore MD B.W. Bishop & Sons, Inc. dba Bishops Orchards Guilford CT Baesler's, Inc.
    [Show full text]
  • 2019 Sustainability Report
    Better for 2019 SUSTAINABILITY REPORT Woolworths Group Limited ABN 88 000 014 675 Contents SECTION 1 Performance highlights Chief Executive Officer’s message 2 Partnerships. Our Group Purpose 3 Woolworths Group 2020 commitments 4 Our journey 6 Our business 8 It is through the power of partnerships that we will be able to amplify our impact and SECTION 2 People: deliver on our bold ambitions to become a more Embracing diversity 10 sustainable business. SECTION 3 Planet: Working together to drive change has helped For a healthy environment 26 us achieve many of our results this year. SECTION 4 With our customers we have removed over 3 billion Prosperity: single-use plastic bags from our environment. Founded on trusted relationships 46 With our team members we are creating an inclusive SECTION 5 culture that values diversity in all its forms. Sustainability metrics Sustainability metrics 74 With our suppliers we are working together to safeguard Workplace metrics 76 the rights of the workers in our supply chain. Corporate governance 85 Materiality 86 With our community partners we are changing the Industry association 88 lives of Australians and New Zealanders in need. Glossary 89 United Nations Global Compact 90 With our shareholders we are creating Global Reporting Initiative 91 Assurance report 94 sustainable long-term value. Company directory Inside Back Cover We are proud of our achievements, but we need to, and want to, do This is an interactive PDF more to make things better. designed to enhance your experience. The best way to view this report is with Adobe Reader. Click on the links on the contents pages or use the home button in the footer to navigate Better for everyone.
    [Show full text]
  • Australian Food and Liquor Leadership Changes
    27 February 2015 Australian Food and Liquor leadership changes Woolworths Limited (Woolworths) today announced a number of key leadership appointments within its Food and Liquor divisions. Woolworths Chief Executive Officer, Grant O’Brien said: “We have appointed a new leadership team under Brad Banducci as Managing Director, Australian Food and Liquor. “Our Liquor business is the undisputed market leader and the best example of innovation in Australian retail, and Brad Banducci and his team have furthered that success. “Brad will continue to have responsibility for Woolworths Liquor Group until a new appointment has been made. Martin Smith, General Manager of Dan Murphy’s, will act as Director of the Woolworths Liquor Group to provide additional support to Brad. “Dave Chambers has been appointed Director, Woolworths Supermarkets, reporting to Brad. Dave has been the Managing Director of Progressive Enterprises in New Zealand for the last four years. He is a highly experienced supermarket retailer who has honed his skills in the tough and highly price‐ sensitive market of New Zealand. “This change places our best talent to lead our biggest businesses. Together, Brad and Dave bring the right mix of experience and the ability to create a winning operating culture. “Steve Donohue has been appointed Acting Managing Director, Progressive Enterprises until a new appointment has been made. “These changes follow the resignation of Tjeerd Jegen as Managing Director, Australian Supermarkets and Petrol. I want to thank Tjeerd for his passion and dedication to Woolworths since he joined in 2011,” Mr O’Brien said. Tjeerd Jegen said: “After almost four years in Australia and 15 years away from my home country of the Netherlands, I will be returning to Europe.
    [Show full text]
  • Appendix 4E and 2019 Annual Report
    29 August 2019 ASX Market Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 Appendix 4E and 2019 Annual Report Attached for release to the market is the Woolworths Group Appendix 4E and 2019 Annual Report for the full year ended 30 June 2019 (53 weeks). For further information contact: Investors and Analysts: Paul van Meurs, Head of Investor Relations: +61 407 521 651 Media: Woolworths Group Press Office: +61 2 8885 1033 For personal use only Woolworths Group Limited ABN 88 000 014 675 Appendix 4E – Preliminary Final Report under ASX Listing Rule 4.3A Current reporting period (53 weeks) 25 June 2018 to 30 June 2019 Prior corresponding period (52 weeks) 26 June 2017 to 24 June 2018 RESULTS FOR ANNOUNCEMENT TO THE MARKET Key information % CHANGE $M Total revenue from continuing operations 5.3 to 59,984 Profit from continuing operations after tax attributable to equity holders of the parent entity (7.0) to 1,493 Net profit attributable to equity holders of the parent entity 56.1 to 2,693 Details relating to dividends 1 CENTS PER SHARE $M 2019 interim dividend paid on 5 April 2019 45 593 2019 final dividend declared on 29 August 2019 2,3 57 717 4 1 All dividends are fully franked at a 30% tax rate. 2 Record date for determining entitlement to the 2019 final dividend is 4 September 2019. 3 The 2019 final dividend is payable on or around 30 September 2019 and is not provided for at 30 June 2019. 4 Represents the anticipated dividend based on the shares on issue as at the date of this report.
    [Show full text]