DOCSLIB.ORG

WFD Trust Annual Financial Report 31 December 2016

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
WFD Trust Annual Financial Report 31 December 2016 WFD Trust Annual Financial Report 31 December 2016 Westfield America Management Limited ABN 66 072 780 619 AFSL No. 230324 as Responsible Entity of WFD Trust ARSN 168 765 875 Directory Westfield Corporation Investor Information Westfield Corporation Limited Westfield Corporation ABN 12 166 995 197 Level 29 85 Castlereagh Street WFD Trust Sydney NSW 2000 ARSN 168 765 875 (responsible entity Westfield America Telephone: +61 2 9273 2010 Management Limited E-mail: [email protected] ABN 66 072 780 619, Website: www.westfieldcorp.com/investors AFS Licence No 230324) Principal Share Registry Westfield America Trust Computershare Investor Services Pty Limited ARSN 092 058 449 Level 4, 60 Carrington Street (responsible entity Westfield America Sydney NSW 2000 Management Limited GPO Box 2975 ABN 66 072 780 619, Melbourne VIC 3001 AFS Licence No 230324) Telephone: +61 3 9415 4070 Registered Office Enquiries: 1300 132 211 Level 29 Facsimile: +61 3 9473 2500 85 Castlereagh Street E-mail: [email protected] Sydney NSW 2000 Website: www.computershare.com Telephone: +61 2 9273 2000 ADR Registry Facsimile: +61 2 9358 7241 Bank of New York Mellon United States Office Depository Receipts Division 2049 Century Park East 101 Barclay Street 41st Floor 22nd Floor Century City, CA 90067 New York, New York 10286 Telephone: +1 310 478 4456 Telephone: +1 212 815 2293 Facsimile: +1 310 481 9481 Facsimile: +1 212 571 3050 Website: www.adrbny.com United Kingdom Office 6th Floor, MidCity Place Code: WFGPY 71 High Holborn Listing London WC1V 6EA Australian Securities Exchange – WFD Telephone: +44 20 7061 1400 Website Facsimile: +44 20 7061 1401 westfieldcorp.com Secretaries Simon J Tuxen Maureen T McGrath Auditors Ernst & Young The Ernst & Young Centre 200 George Street Sydney NSW 2000 The papers used in the production of this year’s Westfield Corporation reports are produced using environmentally responsible papers produced from well managed forests. TYPESETTING: MONCHOCREATIVE.COM.AU Annual Financial Report WFD TRUST For the Financial Year ended 31 December 2016 Contents 2 Income Statement 3 Statement of Comprehensive Income 4 Balance Sheet 5 Statement of Changes in Equity 6 Cash Flow Statement 7 Notes to the Financial Statements 16 Directors’ Declaration 17 Independent Audit Report 20 Directors’ Report 23 Corporate Governance Statement 24 Members’ Information WFD TRUST ANNUAL FINANCIAL REPORT 2016 // PAGE 1 Income Statement FOR THE YEAR ENDED 31 DECEMBER 2016 31 Dec 16 31 Dec 15 Note US$million US$million Revenue Investment income 19.2 83.3 Expenses Overheads (1.8) (2.0) Interest income 20 0.4 0.5 Currency loss (4.0) (1.3) Financing costs 20 (6.0) ( 7.9) Net fair value loss on interest rate derivatives 20 – (1.7) Revaluation of investments (142.6) 265.5 Gain/(loss) in respect of capital transactions 3 (0.6) 23.9 Profit/(loss) before tax for the period (135.4) 360.3 Tax expense – – Profit/(loss) after tax for the period attributable to members of WFD Trust (WFDT) (135.4) 360.3 US cents US cents Basic earnings/(loss) per WFD Trust unit 5 (6.52) 17.34 Diluted earnings/(loss) per WFD Trust unit 5 (6.52) 17.34 PAGE 2 Statement of Comprehensive Income FOR THE YEAR ENDED 31 DECEMBER 2016 31 Dec 16 31 Dec 15 US$million US$million Profit/(loss) after tax for the period (135.4) 360.3 Other comprehensive income/(loss) Movement in foreign currency translation reserve – Net exchange difference from the use of a presentation currency other than the functional currency (47.2) (581.3) Total comprehensive income/(loss) for the period (182.6) (221.0) WFD TRUST ANNUAL FINANCIAL REPORT 2016 // PAGE 3 Balance Sheet AS AT 31 DECEMBER 2016 31 Dec 16 31 Dec 15 Note US$million US$million Current assets Cash and cash equivalents 5.1 13.4 Receivables 6 2,144.6 2,908.0 Total current assets 2,149.7 2,921.4 Non current assets Investments 7 2,118.2 2,110.6 Receivables 6 450.0 – Total non current assets 2,568.2 2,110.6 Total assets 4,717.9 5,032.0 Current liabilities Payables and other creditors 8 233.9 338.4 Total current liabilities 233.9 338.4 Total liabilities 233.9 338.4 Net assets 4,484.0 4,693.6 Equity attributable to members of WFD Trust Contributed equity 9 5,643.2 5,643.2 Reserves 11 (1,362.3) (1,315.1) Retained profits 12 203.1 365.5 Total equity attributable to members of WFD Trust 4,484.0 4,693.6 PAGE 4 Statement of Changes in Equity FOR THE YEAR ENDED 31 DECEMBER 2016 Comprehensive Equity and Income Reserves Total Total 31 Dec 16 31 Dec 16 31 Dec 16 31 Dec 15 US$million US$million US$million US$million Changes in equity attributable to members of WFD Trust Opening balance of contributed equity – 5,643.2 5,643.2 5,643.2 Closing balance of contributed equity – 5,643.2 5,643.2 5,643.2 Opening balance of reserves – (1,315.1) (1,315.1) (733.8) – Movement in foreign currency translation reserve (47.2) – (47.2) (581.3) Closing balance of reserves (47.2) (1,315.1) (1,362.3) (1,315.1) Opening balance of retained profits – 365.5 365.5 258.9 – Profit/(loss) after tax for the period (135.4) – (135.4) 360.3 – Distributions paid – (27.0) (27.0) (253.7) Closing balance of retained profits (135.4) 338.5 203.1 365.5 Closing balance of equity attributable to members of WFD Trust (182.6) 4,666.6 4,484.0 4,693.6 WFD TRUST ANNUAL FINANCIAL REPORT 2016 // PAGE 5 Cash Flow Statement FOR THE YEAR ENDED 31 DECEMBER 2016 31 Dec 16 31 Dec 15 Note US$million US$million Cash flows from/(used in) operating activities Distributions received from investments 70.7 2.7 Payments in the course of operations (including sales tax) (1.3) (27.4) Interest paid (5.8) (6.7) Net cash flows from/(used in) operating activities 13(b) 63.6 (31.4) Cash flows used in investing activities Proceeds from the disposition of investments – 84.4 Payments for investments (236.4) (178.8) Net cash flows used in investing activities (236.4) (94.4) Cash flows from financing activities Loans from related entities 193.9 386.8 Distributions paid (27.0) (253.7) Net cash flows from financing activities 166.9 133.1 Net increase/(decrease) in cash and cash equivalents held (5.9) 7.3 Add opening cash and cash equivalents brought forward 13.4 6.4 Effects of exchange rate changes on opening cash and cash equivalents brought forward (2.4) (0.3) Cash and cash equivalents at the end of the period 13(a) 5.1 13.4 PAGE 6 Index of Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2016 Note Description Page 1 Basis of preparation of the Financial Report 8 2 Summary of significant accounting policies 9 3 Gain/(loss) in respect of capital transactions 10 4 Taxation 10 5 Earnings/(loss) per unit 10 6 Receivables 10 7 Investments 11 8 Payables and other creditors 11 9 Contributed equity 11 10 Share based payments 11 11 Reserves 12 12 Retained profits 12 13 Cash and cash equivalents 12 14 Distributions 12 15 Contingent liabilities 12 16 Segment Reporting 13 17 Exchange rate risk management 13 18 Fair value of financial assets and liabilities 14 19 Auditor's remuneration 14 20 Related party disclosures 15 WFD TRUST ANNUAL FINANCIAL REPORT 2016 // PAGE 7 Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2016 NOTE 1 BASIS OF PREPARATION OF THE In addition to the above, further amendments to accounting standards FINANCIAL REPORT have been proposed as a result of the revision of related standards (a) Corporate information and the Annual Improvement Projects (for non-urgent changes). These This financial report of the WFD Trust (WFDT), comprising WFDT amendments are set out below: and its controlled entities (the Trust) for the year ended 31 December – AASB 2010-7 Amendments to Australian Accounting Standards 2016 was approved in accordance with a resolution of the Board of arising from AASB 9 (effective from 1 January 2018); Directors of Westfield America Management Limited as responsible entity of WFDT (Responsible Entity) on 13 March 2017. – AASB 2013-9 Amendments to Australian Accounting Standards – Conceptual Framework, Materiality and Financial Instruments The principal activity of the Trust is to hold interests in entities that (effective from 1 January 2018); invest in Westfield Corporation’s UK property assets. – AASB 2014-1 Amendments to Australian Accounting Standards – (b) Statement of Compliance Part E: Financial Instruments (effective from 1 January 2018); and This financial report complies with Australian Accounting Standards – AASB 2014-10 Amendments to Australian Accounting Standards – and International Financial Reporting Standards issued by the Sale or Contribution of Assets between an Investor and its International Accounting Standards Board. The accounting policies Associate and Joint Venture (effective from 1 January 2018). adopted are consistent with those used in the annual financial report for the year ended 31 December 2015 except for the changes required These recently issued or amended standards are not expected to due to amendments to the accounting standards noted below. have a significant impact on the amounts recognised in these financial statements when they are restated on application of these new The Trust has adopted the following new or amended standards which accounting standards, except where disclosed above. became applicable on 1 January 2016. (c) Basis of Accounting – AASB 2014-3 Amendments to Australian Accounting Standards – Accounting for Acquisitions of Interest in Joint Operations.
Load more

Recommended publications
  • I- THIRD SUPPLEMENT DATED 5 MAY 2021 to the BASE
    THIRD SUPPLEMENT DATED 5 MAY 2021 TO THE BASE PROSPECTUS DATED 5 AUGUST 2020 UNIBAIL-RODAMCO-WESTFIELD SE (incorporated in the Republic of France as a European public company with limited liability) RODAMCO SVERIGE AB (incorporated in the Kingdom of Sweden as a public company with limited liability) (each as Issuers) EURO 20,000,000,000 Guaranteed Euro Medium Term Note Programme guaranteed in each case by UNIBAIL-RODAMCO-WESTFIELD SE UNIBAIL-RODAMCO-WESTFIELD N.V. (other than in the case of Notes issued by itself) (FORMERLY WFD UNIBAIL-RODAMCO N.V.) (incorporated in The Netherlands as a public company with limited liability) URW AMERICA INC. WEA FINANCE LLC (incorporated in Delaware as a corporation with (formed in Delaware as a limited liability company) shareholders that have limited liability) WCL FINANCE PTY LIMITED WESTFIELD AMERICA TRUST (incorporated in Australia as a proprietary company (established in Australia as a unit trust and in respect of limited by shares) which Westfield America Management Limited is the trustee) WESTFIELD CORPORATION LIMITED WFD TRUST (incorporated in Australia as a public company limited (established in Australia as a unit trust and in respect of by shares) which Westfield America Management Limited is the trustee) WESTFIELD UK & EUROPE FINANCE PLC (incorporated in the United Kingdom as a public company with limited liability) (each as Guarantors) This third supplement (the "Third Supplement") is supplemental to, and should be read in conjunction with, the base prospectus dated 5 August 2020 which received approval no. 20-380 from the Autorité des marches financiers ("AMF") on 5 August 2020, the first supplement (the "First Supplement") dated 23 November 2020 which received approval no.
    [Show full text]
  • Realindex Australian Share Fund
    Realindex Australian Share Fund Fact sheet - 31 Aug 2015 Fund strategy Fund facts The Realindex Australian Share Fund uses the RAFI® methodology in the Benchmark S&P / ASX 200 Accumulation Index construction of its portfolios which selects and weights companies Funds under management $2800.1 million according to their economic footprint defined by fundamental measures of Inception Date 17 November 2008 company size (sales, cash flow, book value and dividends). The portfolio is further enhanced by applying additional factors such as quality of earnings and debt coverage. Commentary The Realindex Australian Shares Fund returned -7.39% (gross of fees) during August 2015 outperforming the S&P/ASX 200 Accumulation Index which returned -7.79% (its worst monthly performance since October 2008). Value (-7.3%) slightly outperformed Growth (-8.0%) during the month, extending the longer-term outperformance trend (-2.4% vs. -6.1%, 12 months to 31 August 2015). This outcome is typically favourable for portfolio performance, given the Value tilt inherent in the Fundamental Indexation methodology. The Materials sector (-5.2%) was the top contributor to relative performance during the month, driven by overweight holdings in steel companies Sims Metal Management (+21.4%) and BlueScope Steel (+18.7%). Sims reported a better-than-expected FY15 result, while BlueScope committed to $200m cost out by FY17, which was well received by investors. An overweight holding in Spark New Zealand (+13.0%) led the portfolio’s outperformance in the Telecommunications sector (-8.3%). Spark rallied after announcing positive earnings growth and an annual dividend increase at its FY15 results. Spark was the top contributor to relative performance across the portfolio at a company level.
    [Show full text]
  • Business Leadership: the Catalyst for Accelerating Change
    BUSINESS LEADERSHIP: THE CATALYST FOR ACCELERATING CHANGE Follow us on twitter @30pctAustralia OUR OBJECTIVE is to achieve 30% of ASX 200 seats held by women by end 2018. Gender balance on boards does achieve better outcomes. GREATER DIVERSITY ON BOARDS IS VITAL TO THE GOOD GOVERNANCE OF AUSTRALIAN BUSINESSES. FROM THE PERSPECTIVE OF PERFORMANCE AS WELL AS EQUITY THE CASE IS CLEAR. AUSTRALIA HAS MORE THAN ENOUGH CAPABLE WOMEN TO EXCEED THE 30% TARGET. IF YOUR BOARD IS NOT INVESTING IN THE CAPABILITY THAT DIVERSITY BRINGS, IT’S NOW A MARKED DEPARTURE FROM THE WHAT THE INVESTOR AND BROADER COMMUNITY EXPECT. Angus Armour FAICD, Managing Director & Chief Executive Officer, Australian Institute of Company Directors BY BRINGING TOGETHER INFLUENTIAL COMPANY CHAIRS, DIRECTORS, INVESTORS, HEAD HUNTERS AND CEOs, WE WANT TO DRIVE A BUSINESS-LED APPROACH TO INCREASING GENDER BALANCE THAT CHANGES THE WAY “COMPANIES APPROACH DIVERSITY ISSUES. Patricia Cross, Australian Chair 30% Club WHO WE ARE LEADERS LEADING BY EXAMPLE We are a group of chairs, directors and business leaders taking action to increase gender diversity on Australian boards. The Australian chapter launched in May 2015 with a goal of achieving 30% women on ASX 200 boards by the end of 2018. AUSTRALIAN 30% CLUB MEMBERS Andrew Forrest Fortescue Metals Douglas McTaggart Spark Group Ltd Infrastructure Trust Samuel Weiss Altium Ltd Kenneth MacKenzie BHP Billiton Ltd John Mulcahy Mirvac Ltd Stephen Johns Brambles Ltd Mark Johnson G8 Education Ltd John Shine CSL Ltd Paul Brasher Incitec Pivot
    [Show full text]
  • Stoxx® Australia 150 Index
    STOXX® AUSTRALIA 150 INDEX Components1 Company Supersector Country Weight (%) Commonwealth Bank of Australia Banks Australia 8.37 CSL Ltd. Health Care Australia 7.46 BHP GROUP LTD. Basic Resources Australia 7.23 National Australia Bank Ltd. Banks Australia 4.37 Westpac Banking Corp. Banks Australia 4.09 Australia & New Zealand Bankin Banks Australia 3.75 Wesfarmers Ltd. Retail Australia 3.30 WOOLWORTHS GROUP Personal Care, Drug & Grocery Australia 2.87 Macquarie Group Ltd. Financial Services Australia 2.84 Rio Tinto Ltd. Basic Resources Australia 2.48 Fortescue Metals Group Ltd. Basic Resources Australia 2.27 Transurban Group Industrial Goods & Services Australia 2.20 Telstra Corp. Ltd. Telecommunications Australia 2.05 Goodman Group Real Estate Australia 1.77 AFTERPAY Industrial Goods & Services Australia 1.54 Coles Group Personal Care, Drug & Grocery Australia 1.39 Woodside Petroleum Ltd. Energy Australia 1.28 Newcrest Mining Ltd. Basic Resources Australia 1.27 Aristocrat Leisure Ltd. Travel & Leisure Australia 1.11 XERO Technology Australia 1.00 SYDNEY AIRPORT Industrial Goods & Services Australia 0.93 Brambles Ltd. Industrial Goods & Services Australia 0.91 Sonic Healthcare Ltd. Health Care Australia 0.90 ASX Ltd. Financial Services Australia 0.82 SCENTRE GROUP Real Estate Australia 0.80 Cochlear Ltd. Health Care Australia 0.74 QBE Insurance Group Ltd. Insurance Australia 0.73 SUNCORP GROUP LTD. Insurance Australia 0.71 South32 Australia Basic Resources Australia 0.71 Santos Ltd. Energy Australia 0.68 Ramsay Health Care Ltd. Health Care Australia 0.66 Insurance Australia Group Ltd. Insurance Australia 0.65 Mirvac Group Real Estate Australia 0.60 DEXUS Real Estate Australia 0.59 SEEK Ltd.
    [Show full text]
  • 2021 Notice of Meeting & Explanatory Notes
    Creating extraordinary places, connecting This notice is issued by and enriching communities Scentre Group Limited ABN 66 001 671 496 2021 Notice of Meeting & Explanatory Notes Annual General Meeting on Thursday, 8 April 2021, commencing at 10.00am (Sydney time) Notice of Meeting & Explanatory Notes 2021 2021 Notice of Meeting The Annual General Meeting (AGM) of securityholders of Scentre Group Limited (Company) will be held on Thursday, 8 April 2021 commencing at 10.00am (Sydney time). Having regard to ongoing COVID-19 considerations in planning events, the Board has determined there will not be a physical location for securityholders to attend. Securityholders and proxyholders can participate online in the AGM, including being able to ask questions or vote in advance of the meeting. Online registration for the AGM opens at 9.00am (Sydney time) on Thursday, 8 April 2021. It is recommended that participants register at least 15 minutes prior to the commencement of the AGM. Additional information concerning the proposed resolutions to be placed before the meeting is contained in the explanatory notes which accompany and form part of this notice of meeting. scentregroup.com Page 2 Notice of Meeting & Explanatory Notes 2021 Our Purpose Creating extraordinary places, connecting and enriching communities Dear Securityholder On behalf of the Board of Directors, I am pleased to invite you to attend the 2021 Annual General Meeting (AGM) of Scentre Group Limited to be held on Thursday, 8 April commencing at 10.00am (Sydney time). The AGM has always been an important date in our corporate calendar. However, having regard to ongoing COVID-19 considerations in planning events, our AGM will again be held online.
    [Show full text]
  • EARNINGS SEASON CALENDAR Nabtrade.Com.Au/Feb19
    EARNINGS SEASON CALENDAR nabtrade.com.au/feb19 Dates are for ASX companies reporting in February 2019, and are subject to change at any time (last updated on 31 January 2019). REPORTING DATES Full year Half year First quarter Fourth quarter SUN MON TUE WED THU FRI SAT 27 JAN 28 JAN 29 JAN 30 JAN 31 JAN 1 FEB 2 FEB IGO Independence Group 3 FEB 4 FEB 5 FEB 6 FEB 7 FEB 8 FEB 9 FEB NVT Navitas CBA Commonwealth AGL AGL Energy GUD GUD Holdings Bank SCP Shopping DOW Downer EDI NWS Newscorp Centres Australasia DXS Dexus MGR Mirvac Group NAB National GMA Genworth Australia Bank Mortgage Insurance IAG Insurance Australia Group 10 FEB 11 FEB 12 FEB 13 FEB 14 FEB 15 FEB 16 FEB AMC Amcor Australia CGF Challenger BPT Beach Energy AMP AMP MPL Medibank Australia AZJ Aurizon Holdings CPU Computershare ASX ASX PRY Primary Health TCL Transurban Care BEN Bendigo & Group CSL CSL CWY Cleanaway Adelaide Bank Waste Management WHC Whitehaven TAH Tabcorp Holdings Coal GPT GPT Group GMG Goodman Group Stapled Securities EVN Evolution Mining MFG Magellan JBH JB Hi-Fi BLD Boral Financial Group NCM Newcrest Mining S32 South32 SUL Super Retail Group SUN Suncorp Group TLS Telstra Corp TWE Treasury Wine Estates WPL Woodside Petroleum 17 FEB 18 FEB 19 FEB 20 FEB 21 FEB 22 FEB 16 FEB ANN Ansell ALU Altium APA APA Group AWC Alumina AHG Automotive Holdings BXB Brambles BHP BHP Billiton ARB ARB Corporation CCL Coca-cola Amatil BWX BWX NHF NIB Holdings BKL Blackmores CQR Charter Hall FLT Flight Centre Retail REIT Travel Group IVC Invocare COH Cochlear CTD Corporate Travel ILU
    [Show full text]
  • 2019 Annual Report
    Discover more Annual Report 2019 Join us as we discover Inside how Vicinity Centres creates market-leading 01 Highlights 42 Our Board 02 Our Value Chain 45 Our Executive Committee destinations. 04 Market-Leading Destinations 48 Tax Transparency 06 Chairman’s Review 52 Sustainability Assurance Destinations that 08 CEO and Managing Statement enhance communities Director’s Review 53 Financial Report 12 Our Operating and 54 Director’s Report and offer so much more Financial Review 58 Remuneration Report than an exceptional 29 Our Portfolio 80 Financial Statements 34 Integrated Energy Platform 122 Independent Auditor’s retail experience. 36 Our Communities Report 38 Our Data and Analytics 128 Summary of Securityholders 40 Our People 129 Corporate Directory About this report This annual report discloses Vicinity’s financial and non- environmentally responsible paper manufactured under This annual report is a summary of Vicinity Centres’ operations, financial performance for FY19 and has been prepared using IAO 14001 environmental standards. activities and financial position as at 30 June 2019. In this elements of the International Integrated Reporting Council The following symbols are used in this report to cross-refer report references to ‘Vicinity’, ‘Group’, ‘we’, ‘us’ and ‘our’ refer (IIRC) Integrated Reporting <IR> framework. More information, to more information on a topic: to Vicinity Centres unless otherwise stated. particularly latest company announcements and detailed sustainability reporting, can be found on Vicinity’s website. References in this report to a ‘year’ and ‘FY19’ refer to the References additional information within financial year ended 30 June 2019 unless otherwise stated. Vicinity is committed to reducing the environmental footprint this Annual Report All dollar figures are expressed in Australian dollars (AUD) associated with the production of the annual report and unless otherwise stated.
    [Show full text]
  • Presentation of the Group PDF 603KB
    2 Universal Registration Document 2020 / UNIBAIL-RODAMCO-WESTFIELD Presentation of the Group Presentation of the Group 1.1 KEY FACTS 3 1.2 HISTORY 4 1.3 STRATEGY AND BUSINESS MODEL 6 1.4 BUSINESS OVERVIEW 12 Business segments 12 Portfolio breakdown 13 Development pipeline 15 CHAPTER 1.5 PORTFOLIO 16 1.5.1 France: Shopping Centres 16 1.5.2 France: Convention & Exhibition 18 1.5.3 France: Offices 19 1.5.4 Central Europe: Shopping Centres 20 1.5.5 Central Europe: Offices 21 1.5.6 Spain: Shopping Centres 21 1.5.7 Spain: Offices 21 1.5.8 Nordics: Shopping Centres 22 1.5.9 Nordics: Offices 22 1.5.10 Austria: Shopping Centres 23 1.5.11 Austria: Offices 23 1.5.12 Germany: Shopping Centres 24 1.5.13 Germany: Offices 24 1.5.14 The Netherlands: Shopping Centres 25 1.5.15 The Netherlands: Offices 25 1.5.16 United States: Shopping Centres 26 1.5.17 United States: Offices 28 1.5.18 United Kingdom: Shopping Centres 29 1.5.19 United Kingdom: Offices 29 1.6 OVERVIEW OF VALUATION REPORTS PREPARED BY UNIBAIL-RODAMCO-WESTFIELD’S INDEPENDENT EXTERNAL APPRAISERS FOR EUROPEAN ASSETS 30 1.7 OVERVIEW OF VALUATION REPORTS PREPARED BY UNIBAIL-RODAMCO-WESTFIELD’S INDEPENDENT EXTERNAL APPRAISERS FOR AMERICAN ASSETS 32 1.8 STRUCTURE 34 1.9 SIMPLIFIED GROUP ORGANISATIONAL CHART 35 Universal Registration Document 2020 / UNIBAIL-RODAMCO-WESTFIELD 3 Presentation of the Group Key facts 1.1 KEY FACTS 1. 87 16 OFFICES & OTHERS SHOPPING CENTRES BUILDINGS(1) 10 80% CONVENTION & EXHIBITION COLLECTION RATE(3) VENUES(2) 247 ~3,100 COVID-19 ESG INITIATIVES EMPLOYEES €1,790 Mn €7.28 ADJUSTED RECURRING NET RENTAL INCOME EARNINGS PER SHARE €2.3 Bn €56.3 Bn DISPOSALS(4) GROSS MARKET VALUE €166.8 €4.4 Bn EPRA NET REINSTATEMENT PIPELINE VALUE PER SHARE (1) Only standalone offices > 10,000 sqm and offices affixed to a shopping centre > 15,000 sqm, including La Vaguada offices.
    [Show full text]
  • Sustainability Report 2016
    SUSTAINABILITY REPORT 2016 CO-CEO’S ABOUT WHO MATERIALITY SUSTAINABILITY SUSTAINABILITY APPENDICES CORPORATE Westfield Corporation Limited | Sustainability Report 2016 | 2 1 MESSAGE 2 THIS 3 WE ARE 4 & STAKEHOLDER 5 PILLARS 6 GOVERNANCE 7 8 DIRECTORY REPORT ENGAGEMENT We create and operate flagship CONTENTS assets in leading markets that deliver great experiences 1 CO-CEO’S MESSAGE 2 ABOUT THIS REPORT for retailers and consumers. 3 WHO WE ARE 4 MATERIALITY & We are focused on creating a digital STAKEHOLDER ENGAGEMENT 5 OUR FOUR platform to converge with our SUSTAINABILITY PILLARS 5.1 ENVIRONMENT physical portfolio to better connect 5.2 OUR PEOPLE retailers, brands and consumers. 5.3 COMMUNITY 5.4 MARKETPLACE 6 SUSTAINABILITY GOVERNANCE 7 APPENDICES 7.1 ENVIRONMENTAL PERFORMANCE INDEX 7.2 GRI INDEX 7.3 RISK MANAGEMENT 8 CORPORATE DIRECTORY CO-CEO’S ABOUT WHO MATERIALITY SUSTAINABILITY SUSTAINABILITY APPENDICES CORPORATE Westfield Corporation Limited | Sustainability Report 2016 | 3 1 MESSAGEMESSAGE 2 THIS 3 WE ARE 4 & STAKEHOLDER 5 PILLARS 6 GOVERNANCE 7 8 DIRECTORY REPORT ENGAGEMENT 1. CO-CEO’S MESSAGE We are pleased to present Westfield Our Sustainability priorities Corporation’s 2016 Sustainability in 2015 included: Report. This is our second Sustainability • The development and adoption of a group‑wide Our focus is on being an organisation that Sustainability Policy and Environmental Policy; Report following the establishment of delivers best‑in‑class flagship centres, integrated digital technology, market Westfield Corporation as a separate • The creation of a global Sustainability Working Group; leading financial and operating metrics and corporate entity in July 2014. Westfield makes a positive contribution to the social, Corporation was formed following the • The development of a detailed Stakeholder environmental and economic well‑being of the Engagement program; and communities that we are a part of.
    [Show full text]
  • STOXX Pacific 100 Last Updated: 01.08.2017
    STOXX Pacific 100 Last Updated: 01.08.2017 Rank Rank (PREVIOU ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) S) AU000000CBA7 6215035 CBA.AX 621503 Commonwealth Bank of Australia AU AUD Y 98.1 1 1 AU000000WBC1 6076146 WBC.AX 607614 Westpac Banking Corp. AU AUD Y 72.3 2 2 AU000000ANZ3 6065586 ANZ.AX 606558 Australia & New Zealand Bankin AU AUD Y 58.9 3 3 AU000000BHP4 6144690 BHP.AX 614469 BHP Billiton Ltd. AU AUD Y 56.2 4 5 AU000000NAB4 6624608 NAB.AX 662460 National Australia Bank Ltd. AU AUD Y 54.3 5 4 AU000000CSL8 6185495 CSL.AX 618549 CSL Ltd. AU AUD Y 38.8 6 6 AU000000TLS2 6087289 TLS.AX 608545 Telstra Corp. Ltd. AU AUD Y 33.0 7 7 AU000000WES1 6948836 WES.AX 694883 Wesfarmers Ltd. AU AUD Y 31.3 8 8 AU000000WOW2 6981239 WOW.AX 698123 Woolworths Ltd. AU AUD Y 23.4 9 9 AU000000RIO1 6220103 RIO.AX 622010 Rio Tinto Ltd. AU AUD Y 18.9 10 11 AU000000MQG1 B28YTC2 MQG.AX 655135 Macquarie Group Ltd. AU AUD Y 18.6 11 10 AU000000TCL6 6200882 TCL.AX 689933 Transurban Group AU AUD Y 15.9 12 12 AU000000SCG8 BLZH0Z7 SCG.AX AU01Z4 SCENTRE GROUP AU AUD Y 14.9 13 14 AU000000WPL2 6979728 WPL.AX 697972 Woodside Petroleum Ltd. AU AUD Y 14.4 14 13 AU000000SUN6 6585084 SUN.AX 658508 SUNCORP GROUP LTD. AU AUD Y 12.5 15 15 AU000000AMC4 6066608 AMC.AX 606660 Amcor Ltd. AU AUD Y 12.0 16 16 AU000000QBE9 6715740 QBE.AX 671574 QBE Insurance Group Ltd.
    [Show full text]
  • Annual Financial Report 31 December 2018
    Annual Financial Report 31 December 2018 Scentre Group Limited ABN 66 001 671 496 Annual Financial Report SCENTRE GROUP For the Financial Year ended 31 December 2018 Contents 1 Joint Chairman and Chief Executive Officer Letter to Securityholders 2 2018 Results Overview 3 Directors’ Report 30 Independent Auditor’s Report 33 Income Statement 34 Statement of Comprehensive Income 35 Balance Sheet 36 Statement of Changes in Equity 37 Cash Flow Statement 38 Notes to the Financial Statements 73 Directors’ Declaration 74 Corporate Governance Statement 81 Investor Relations 83 Members’ Information 84 Directory Joint Chairman and Chief Executive Officer Letter to Securityholders Dear Securityholder We are pleased to provide this Annual Financial Report of our Group’s We describe our 41 centres as ‘living centres’ because they are performance in 2018. extraordinary places where our customers come to gather and socialise, be entertained, dine, access services and experiences and Scentre Group was established in 2014 and our purpose has remained shop. Our ability to curate a product, service and experience offer constant ever since: ‘creating extraordinary places, connecting and that meets customers’ expectations is what sets us apart and enables enriching communities’. Our purpose has guided our culture and us to deliver annual sales of $24 billion, high levels of customer decision-making as we have grown our business into an extraordinary advocacy and annual customer visitation of 535 million, up 5 million. platform of 41 Westfield living centres which is now the 15th largest This consistently high visitation is unrivalled. entity on the ASX by market capitalisation. These factors explain why our occupancy has remained strong at Our financial performance for the year ended 31 December 2018 was 99.3%.
    [Show full text]
  • Adara Partners Is a Corporate Advisory Firm with a Difference Adara Partners Showcasing the Power of Financial Services to Effect Social Change
    ADARA PARTNERS IS A CORPORATE ADVISORY FIRM WITH A DIFFERENCE ADARA PARTNERS SHOWCASING THE POWER OF FINANCIAL SERVICES TO EFFECT SOCIAL CHANGE UNIQUE BUSINESS-FOR-PURPOSE Adara Panel Members undertake this role separately from their other professional MODEL and home firm commitments, which Adara Partners is a top-tier corporate advisory remain unchanged. firm, providing independent financial and strategic advice and complex commercial Our Panel Members provide advice focused on problem solving services to leading Australian areas where independence is critical. Thus companies, governments and families. providing advice on key strategic matters, second opinion on mergers and acquisitions, capital management advice and complex Our sole purpose is to deliver financial commercial problem solving services are key services expertise at the highest levels areas of focus. to our clients, with fees generated on transactions going to directly benefit Adara Partners builds on 19 years of successful people LIVING in extreme poverty. work done by the Adara Group, which is internationally recognised as one of the earliest examples of a business-for-purpose Our purpose-driven model is unique in the and a completely embedded private-sector global financial services industry. The Adara and non-profit partnership. Panel Member structure brings together some of Australia’s most senior leaders in financial Adara Partners represents innovative and services. As Adara Panel Members, they provide important leadership in the global financial wise counsel and senior advice to our clients, services industry. with their time, effort and expertise donated to Adara Partners. This allows for maximum generation of profits to support people living in poverty in the developing world.
    [Show full text]