DOCSLIB.ORG

Woolworths Limited A.B.N 88 000 014 675

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Woolworths Limited A.B.N 88 000 014 675 WOOLWORTHS LIMITED A.B.N 88 000 014 675 9 September 2010 The Manager, Companies Australian Securities Exchange Limited Company Announcements Office Level 4 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam RE: Woolworths Limited – Annual Report 2010 – Listing Rule 4.5.1 Attached is a copy of the Woolworths Annual Report 2010. Printed copies of the Annual Report and Notice of Meeting for the Annual General Meeting to be held on 18 November 2010 will be mailed to shareholders shortly. For and on behalf of WOOLWORTHS LIMITED PETER J HORTON COMPANY SECRETARY 1 Woolworths Way, Bella Vista, NSW 2153 PO Box 8000, Baulkham Hills, NSW 2153 Australia Telephone (02) 8885 0000 Facsimile (02) 8888 0001 WOOLWORTHS LIMITED ABN 88 000 014 675 ANNUAL REPORT 2010 1 Page CONTENTS Highlights 3 Chairman‟s Report 4 Managing Director‟s Report 6 The results in brief 13 Supermarkets 15 General Merchandise 20 Hotels 26 Home Improvement 27 Capital management 28 Performance targets 32 Board of directors 33 Directors‟ Statutory Report 37 Remuneration Report 41 Auditor‟s Declaration 62 Corporate Governance 63 2 HIGHLIGHTS Sales of $51,694 million, up 4.8% excluding Petrol (including Petrol, up 4.2%) 9.4% increase in Earnings Before Interest, Tax, Depreciation and Amortisation 9.5% increase in Earnings Before Interest and Tax to $3,082.1 million 10.1% increase in Net Profit After Tax to $2,020.8 million attributable to equity holders of the parent entity 8.8% increase in Earnings Per Share to 164.0 cents 10.6% increase in fully franked Dividend to 115 cents per share Solid increase in operating cash flows Announcement of an off-market share Buy-Back to return $700 million to shareholders bringing capital returns in the 2010 year to over $1 billion 3 CHAIRMAN’S REPORT FROM STRENGTH TO STRENGTH The Board and management team of Woolworths Limited are delighted to report on another strong result by our company. This result was achieved on the back of a year of significant global economic challenges. The strength of Woolworths‟ financial position has allowed it to steer through the challenge of the Global Financial Crisis. With economic uncertainty likely to continue in the near term, Woolworths is well positioned to benefit from an upturn in the economy with clear strategies going forward. Our company has a deep pool of talented retailers adept at responding to changing market conditions. FINANCIAL RESULTS Net Profit After Tax reached $2,020.8 million, an increase of 10.1% attributable to equity holders of the parent entity. This is a solid result given the economic challenges of cycling the prior year‟s stimulus packages, the significant decline in inflation and the emergence of a more conservative consumer in the second half of the year. The strength of our business has allowed us to lead the market in investing significantly in reducing shelf prices in Australia and New Zealand and to do so profitably. Lower shelf prices are like a dividend for our customers and rewards them for their loyalty which in turn drives our business and generates returns for shareholders. DELIVERING VALUE FOR SHAREHOLDERS The Board decided on a 10.6% increase in shareholder dividends to 115 cents. This reflects over a decade of consecutive dividend increases. Over the last nine years, profit growth coupled with balance sheet management will have delivered $8.2 billion to shareholders. The Board has also announced a $700 million off-market Buy-Back as the next step in Woolworths‟ ongoing capital management program. It means more than $1 billion will be returned to shareholders in the 2010 calendar year, when combined with the $325 million of capital bought back in the first half of the calendar year via an on-market Buy-Back. The Buy-Back program reflects the Board‟s confidence in the Company‟s operations, results and the continued focus on providing enhanced long term shareholder value. Woolworth‟s shareholders are expected to benefit from the improved earnings per share, improved dividends per share and improved return on equity following the Buy-Back. 4 CHAIRMAN’S REPORT continued DOING THE RIGHT THING With 3,199 stores across Australia & New Zealand, we recognise the role our company plays in our communities and the impact we have on our environment. Woolworths continues to take a leadership position on corporate responsibility and sustainability. Our support of the community has remained strong focusing on four key focus areas of sustainability and environment, health and wellbeing, education and employment and rural and regional Australia. We also continue to reduce our carbon emissions through investment in low carbon technologies. TALENTED RETAILERS Woolworths has more than 188,000 talented retailers across the company and this result and our ongoing success is a credit to their efforts. As our business grows and enters into new markets, we welcome new team members from home and abroad who share our success-driven culture and common goal of delivering more for our customers and our shareholders. On behalf of the Board of Directors, I would like to welcome our new team members and thank our long serving team members for their commitment to our company. Under the leadership of Michael and his team, our company continues to go from strength to strength. James Strong Chairman EPS (cents) Dividend per share (cents) 10 164.0 10 115 09 150.7 09 104 08 134.9 08 92 07 108.8 07 74 06 90.9 06 59 0 20 40 60 80 100 120 140 160 180 - 20 40 60 80 100 120 5 MANAGING DIRECTOR’S REPORT Woolworths once again demonstrated the robustness and resilience of its business model during 2010 by reporting an eleventh successive year of double digit profit growth. For 86 years, Woolworths has focused on building a business that is strong in all cycles and seasons. In 2010, this underlying core strength enabled us to deliver enhanced value to both our customers and our shareholders despite tough economic conditions resulting from low inflation and the after effects of the prior year‟s stimulus payments. In each division, our highly experienced retail team aspires to set the benchmark for value, quality, range and innovation as part of a continuous effort to exceed customer expectations. This year‟s positive result is a direct reflection of the ability of 188,000 team members to reach those service goals. STRONG CORE BUSINESS The pleasing performance of Woolworths in financial year 2010 was underpinned by the ongoing strength and momentum of our Australian Supermarkets business. Our team remains committed to optimising value and delivering a better shopping experience for our customers. Over the last year, we significantly reduced shelf prices, improved our range, increased our focus on fresh food and provided unparalleled rewards through our Everyday Rewards program. In return, Australian shoppers continued to trust Woolworths to deliver the best possible value for their shopping dollar. This was evidenced by sales over the last three years growing at 7.5% (CAGR). Our store refurbishment program continued with 50% of stores now trading in the 2010 format. Work also commenced on our new 2015 Market Store which further evolves our supermarket store format to reflect changing customer trends. 26 new supermarkets were opened during the year. The New Zealand Supermarkets business reported a successful year despite challenging macro economic circumstances. The success of the business transformation process is a credit to the New Zealand team. Liquor continued to perform well in a highly priced competitive market. All three liquor store brands achieved solid market share growth and further reinforced their clear customer value proposition. Following the acquisition of a 25% stake in Gage Road Brewery, the launch of our second exclusive brand of beer, Dry Dock was very well received by consumers. The liquor business will continue to build on this success by expanding the opportunities for exclusive brand liquor products to further complement our extensive range of branded beers, wines and spirits. Petrol sales decreased during the year to reflect lower prices but EBIT remained strong, increasing 13.7%. BIG W achieved a very solid result in 2010, achieving comparable profitability to 2009 in spite of very low inflation and the cycling of the stimulus package. BIG W‟s unswerving commitment to its market- leading everyday low price proposition has proved to be a winning formula, particularly in light of tightened consumer spending patterns. The business has also continued to improve its offer to customers via new branded ranges such as Man and Woman by Peter Morrissey and Mambo, and via the new BIG W online channel. BIG W also opened its first green store in Inverell. Consumer Electronics experienced a mixed year, with solid growth during the first half but weaker trading during the second half. We continue to move forward with the repositioning strategy for this business and are pleased with the relative performance of the new format stores in Australia, which now account for 42% of the network. 6 MANAGING DIRECTOR’S REPORT continued Our Hotels business achieved pleasing results relative to the rest of the hotel industry which was broadly impacted by lower levels of consumer spending and changes to the regulatory regime in several states. A further six properties were added to the portfolio during the year. COMMITTED TO CUSTOMERS Woolworths continues to be a business that puts its customers at the heart of every decision. This year, each business has had a very strong focus on value with significant price reinvestment, particularly in Australian Supermarkets helping to lower overall basket costs for consumers. Rewarding our customers for their loyalty is a key part of our offer.
Load more

Recommended publications
  • 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]
  • For Personal Use Only Use Personal For
    WOOLWORTHS LIMITED A.B.N 88 000 014 675 25 September 2009 The Manager, Companies Australian Stock Exchange Limited Company Announcements Office Level 4 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam RE: Woolworths Limited – Annual Report 2009 – Listing Rule 4.5.1 Attached is a copy of the Woolworths Annual Report 2009. Printed copies of the Annual Report and Notice of Meeting for the Annual General Meeting to be held on 26 November 2009 will be mailed to shareholders shortly. For and on behalf of WOOLWORTHS LIMITED PETER J HORTON COMPANY SECRETARY For personal use only 1 Woolworths Way, Bella Vista, NSW 2153 PO Box 8000, Baulkham Hills, NSW 2153 Australia Telephone (02) 8885 0000 Facsimile (02) 8888 0001 WOOLWORTHS LIMITED ABN 88 000 014 675 ANNUAL REPORT 2009 For personal use only Page CONTENTS Chairman’s Report 7 Managing Director’s Report 9 The results in brief 12 Supermarkets 14 General Merchandise 19 Hotels 22 Capital management 24 Strategy and growth 26 Board of directors 29 Directors’ Statutory Report 32 Remuneration Report 36 Auditor’s Declaration 56 Corporate Governance 57 Financial Report to Shareholders 68 Shareholder information 174 For personal use only 2 HIGHLIGHTS • 12.8% NPAT growth at upper end of target range • Sales of $49,595 million, up 7.5% on a comparable 52 week basis. Excluding petrol sales increase 8.5% • Total sales for 52 weeks this year compared with 53 weeks last year up 5.4% to $49,595 million • 11.5% increase in Earnings Before Interest, Tax, Depreciation and Amortisation • 11.3% increase in Earnings Before
    [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]
  • 4 February 2021 Project Lead (Grocery Market Study)
    4 February 2021 Project Lead (Grocery Market Study) Commerce Commission PO Box 2351 Wellington 6140 New Zealand Email: www.comcom.govt.nz/groceries Dear Sir/Madam Attached are the comments that the New Zealand Food & Grocery Council wishes to present on the Market study into the retail grocery sector: Preliminary issues paper. Yours sincerely Katherine Rich Chief Executive 99-105 Customhouse Quay, Wellington, PO Box 25-420, Wellington 6146, NEW ZEALAND Market study into the retail grocery sector: Preliminary issues paper Submission by the New Zealand Food & Grocery Council 4 February 2021 99-105 Customhouse Quay, Wellington, PO Box 25-420, Wellington 6146, NEW ZEALAND 3 NEW ZEALAND FOOD & GROCERY COUNCIL 1. The New Zealand Food & Grocery Council (“NZFGC”) welcomes the opportunity to comment on the Commission’s Market study into the retail grocery sector: preliminary issues paper (the Preliminary Issues Paper) dated 10 December 2020. 2. NZFGC represents the major manufacturers and suppliers of food, beverage and grocery products in New Zealand. According to estimates by Coriolis Research (2019), this sector generates over $40 billion in the New Zealand domestic retail food, beverage and grocery products market, and over $34 billion in export revenue from exports to 195 countries – representing 65% of total good and services exports. Food and beverage manufacturing is the largest manufacturing sector in New Zealand, representing 45% of total manufacturing income. Our wider industry directly or indirectly employs more than 493,000 people – one in five of the workforce. EXECUTIVE SUMMARY Importance of this inquiry and the need to assess buyer power harm 3. This is an important inquiry.
    [Show full text]
  • Company Results HY Ended
    Company Results HY Ended 1 January 2012 For personal use only Grant O'Brien Managing Director and Chief Executive Officer AGENDA GROUP STRATEGIC PRIORITIES PROGRESS AGAINST STRATEGIC PRIORITIES BUSINESS UNIT RESULTS FINANCIAL PERFORMANCE For personal use only 1 1 GROUP STRATEGIC PRIORITIES For personal use only 2 2 OUR AMBITION WOOLWORTHS LIMITED IS AUSTRALIA'S LEADING RETAIL GROUP, CREATING A CUSTOMER-DRIVEN FUTURE OF INNOVATION AND GROWTH BRANDS FOR OUR MULTIPLE REASONS EVERYDAY CUSTOMER OPTIONS TO SHOP NEEDS Range Service Value For personal use only Convenience 3 3 BUILDING ON OUR SUCCESS OUR OBJECTIVE IS A RENEWED FOCUS ON INNOVATING FOR OUR CUSTOMERS AND OPTIMISE THE BUSINESS FOR OUR SHAREHOLDERS TO ACHIEVE GROWTH AND PERFORMANCE IMPROVEMENT FROM A STRONG AND STABLE BASE GP / CODB / EBIT Margin Rate $m Baselined: FY99 = 100 30% 700 We drove down COGS and made supply chain more efficient, 600 25% offset by strong price re-investment 500 20% We drove down CODB, 400 assisted by fractionalisation 15% 300 10% 200 5% 100 For personal use only 0% 0 FY991 FY001 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 Sales $2 EBIT $2 GP Rate% (including Supply Chain Costs, excl Hotels) CODB Rate% (excluding Supply Chain Costs, excl Hotels) EBIT Margin % 1. Sales revenue adjusted for the removal of wholesale sales tax (WST) 2. Baselined to FY99 4 4 STRATEGIC PRIORITIES FOR FUTURE GROWTH • Re-establish marketing supremacy around value and growth EXTEND AND DEFEND • Unlock sales growth for a tougher consumer and competitive environment 1 LEADERSHIP
    [Show full text]
  • Immigration Measures in Response to the COVID-19 Pandemic Last Reviewed: 14 April 2020
    COVID-19 Guidance Note – Immigration measures in response to the COVID-19 pandemic Last reviewed: 14 April 2020 This note considers the changes implemented by the New Zealand government to Immigration rules and legislation in response to the current COVID-19 pandemic. Authored by the LexisNexis internal author team Travel to New Zealand The New Zealand border is currently closed to almost all travellers to help stop the spread of COVID- 19. The travel ban applies to all arrivals into New Zealand whether by air or sea. This includes superyachts arriving in New Zealand. New Zealand citizens and residents returning to New Zealand are exempt from the travel ban and may travel to New Zealand without formal exemption. For all other travellers there are a limited number of exceptions. Limited exceptions to the travel ban The following categories of individuals are advised to seek approval from Immigration New Zealand before travelling to New Zealand, as they may be approved for entry under the limited exceptions provisions: • Partners, dependent children (aged 24 years and under) and legal guardians of New Zealand citizens and residents who are travelling with their New Zealand family member to New Zealand. • Australian citizens and permanent residents who normally live in New Zealand. • People with one of the following critical purposes in New Zealand: o Essential health workers. o Other essential workers who are specifically agreed to by the New Zealand Government. o Samoan and Tongan citizens making essential travel. o New Zealand-based partners and dependent children (aged 19 years and under) of a work or student visa holder who is in New Zealand.
    [Show full text]
  • Progressive Enterprises and Woolworths
    ISSN NO. 0114-2720 J4890 PUBLIC Decision No. 448 Determination pursuant to the Commerce Act 1986 in the matter of an application for Clearance involving: PROGRESSIVE ENTERPRISES LIMITED and WOOLWORTHS (NZ) LIMITED The Commission: P R Rebstock P J M Taylor D R Bates Commission Staff: Summary of Application: Progressive Enterprise Limited has sought clearance to acquire all the shares in Woolworths (New Zealand) Limited and/or its immediate holding company Denstree Corporation Limited Determination: Pursuant to section 66(3)b of the Commerce Act 1986, the Commission declines to give clearance for the proposed acquisition. Date of Determination: 14 December 2001 CONFIDENTIAL MATERIAL IN THIS REPORT IS CONTAINED IN SQUARE BRACKETS CONTENTS THE PROPOSAL...........................................................................................................................................4 UNDERTAKINGS ...........................................................................................................................................4 Effect of Divestments...............................................................................................................................5 THE PROCEDURES.....................................................................................................................................6 THE PARTIES...............................................................................................................................................6 PROGRESSIVE ENTERPRISES LIMITED ............................................................................................................6
    [Show full text]
  • ANNUAL REPORT 2009 Chairman’S Report
    outside back cover 6mm outside front cover ANNUAL REPORT ABN 88 000 014 675 WOOL W ORTHS LIMITED ANNU LIMITED ORTHS A L L R EPORT 2009 EPORT inside front cover 6mm inside back cover contents aboUT this report COMPANY DIRECTORY Woolworths Limited Company Secretary Principal registered office in Australia Peter Horton 1 Woolworths Way Bella Vista NSW 2153 Share Registrar Tel: (02) 8885 0000 Computershare Investor Services Pty Limited Web: www.woolworthslimited.com.au Level 3 60 Carrington Street BIG W Sydney NSW 2000 Web: www.bigw.com.au Tel: 1300 368 664 Fax: (02) 8234 5050 Woolworths maintained National Supermarkets Web: www.computershare.com.au 2 Chairman’s its confidence and Web: www.woolworths.com.au Report certainty in the Auditor Australian economy Woolworths Petrol Deloitte Touche Tohmatsu 4 Managing during the year and remains very optimistic Tel: 1300 655 055 Director’s Grosvenor Place about the country’s Web: www.woolworthspetrol.com.au 225 George Street Report ability to withstand the Sydney NSW 2000 extraordinary fiscal events BWS 6 Highlights that have taken place. Tel: (02) 9322 7000 Web: www.beerwinespirits.com.au By continuing to grow Web: www.deloitte.com.au 10 The Results our company, create in brief employment and deliver Dan Murphy’s choice and value to 789 Heidelberg Road 12 Supermarkets customers, we will be Alphington VIC 3078 well positioned to reach Tel: (03) 9497 3388 18 General our 100th birthday Merchandise in 2024 as a vibrant, Fax: (03) 9497 2782 strong and dynamic Web: www.danmurphys.com.au MICHAEL LUSCOMBE Australian company.
    [Show full text]
  • EDI Delivers Multiple Benefits for Growing FMCG Business
    CASE STUDY AT A GLANCE EDI delivers multiple benefits for growing FMCG business Written in October 2018 by Flow Software A SEAMLESS INTEGRATION WITH ITS MAJOR SUPERMARKET PARTNERS NOT ONLY SOLVED A DATA ENTRY HEADACHE FOR SPECIALTY FOOD SUPPLIER BLUEROCK, IT ALSO IMPROVED THE COMPANY’S SERVICE STANDARDS. Since 2000, FMCG company Bluerock has sourced and distributed food products to both INDUSTRY the retail and food service channels across New Zealand. With a focus on quality, value Fast Moving Consumer Goods and consistency of supply, the company represent a large range of local brands as well as products sourced directly from suppliers around the globe. BUSINESS OBJECTIVE Today Bluerock is part of the Sulkem group of companies, a 100 percent New Zealand Integrate invoicing system owned, family business established in 1956 with a long history of food and ingredient with the systems of major importing. Bluerock’s portfolio of brands includes well-known Australian-based brands partners Sandhurst Fine Foods and Guzzardi Fine Foods. The company also markets and distributes its own food brands: Food Snob and Veesey. SOLUTION From its head office in Auckland, where it operates both a chilled and ambient warehouse Flow Software facility, Bluerock’s brands are widely distributed to supermarkets, specialty stores, food service and manufacturers nationwide. BUSINESS BENEFITS Elimination of manual The Situation paperwork On the retail side of its business, Bluerock supplies the country’s two large supermarket Rapid and accurate dispatch groups: Foodstuffs (NZ) Ltd (owner of the New World and Pak’nSave supermarket chains) of invoices and Woolworths New Zealand (formerly Progressive Enterprises), which owns Countdown, Improved reliability FreshChoice and SuperValue.
    [Show 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.
    [Show full text]
  • Annual Report 2018 Woolworths Group
    Woolworths Group Limited ABN 88 000 014 675 Together. 2018 ANNUAL REPORT CONTENTS SECTION 1 PERFORMANCE HIGHLIGHTS 2018 Our impact 2 Chairman's Report 4 Chief Executive Officer's Report 5 CONTENTSWoolworths Group Purpose 7 Annual Report Our key priorities 8 SECTIONGroup Sustainability 1 11 PERFORMANCEGroup Financial Performance HIGHLIGHTS 14 2018 Our impact 2 Chairman'sSECTION 2 Report 4 ChiefBUSINESS Executive REVIEW AustralianOfficer's FoodReport 165 EndeavourWoolworths Drinks Group Purpose 187 Annual Report NewOur key Zealand priorities Food 208 PortfolioGroup Sustainability Business — BIG W 2211 PortfolioGroup Financial Business Performance — Hotels 2314 Discontinued Operations 24 SECTIONOverheads, 2 balance sheet BUSINESSand cash flow REVIEW 25 Capital management 26 Australian Food 16 New store rollout plans 26 Endeavour Drinks 18 Non-IFRS financial Pages 4–6 New Zealand Food 20 information and glossary 27 Portfolio Business — BIG W 22 Our Material Risks 29 Portfolio Business — Hotels 23 Chairman Discontinued Operations 24 Overheads,SECTION 3 balance sheet and Chief DIRECTORS’and cash flow REPORT 25 GovernanceCapital management 2632 Executive BoardNew store Skills rollout and Experience plans 2633 OfficerPages 4–6 BoardNon-IFRS of Directors financial 34 Groupinformation Executive and glossaryCommittee 3627 Reports Directors’Our Material Statutory Risks Report 3829 Chairman Remuneration Report 40 Chairman, Gordon Cairns, SECTION 3 and CEO, Chief Brad Banducci, SECTIONDIRECTORS’ 4 REPORT reflect on the achievements of the year, opportunities
    [Show full text]
  • Cold Hard Facts 3
    Cold Hard Facts 3 Prepared for the Department of the Environment and Energy September 2018 Phone Web +61 3 9592 9111 www.expertgroup.com.au Table of Contents Glossary ..................................................................................................................................... 7 Abbreviations........................................................................................................................... 13 1 Executive summary ............................................................................................................ 15 2 Introduction ....................................................................................................................... 18 2.1 Structure of Cold Hard Facts 3 ................................................................................................................................ 19 3 Taxonomy of a technology ................................................................................................. 21 4 The stock of equipment ...................................................................................................... 23 4.1 The scale of events ....................................................................................................................................................... 23 4.2 Stationary air conditioning ....................................................................................................................................... 24 4.3 Mobile air conditioning .............................................................................................................................................
    [Show full text]