DOCSLIB.ORG

2017 Annual Report 2017 Annual Wesfarmers

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2017 Annual Report 2017 Annual Wesfarmers Wesfarmers Annual 2017 Report 2017 Annual Report Delivering value today and tomorrow WorldReginfo - 6c7cb93f-4f94-4692-845a-0b553bc6ed39 Overview The primary objective of Contents financial review Operating and Wesfarmers is to provide It was pleasing to report a record level of earnings and operating cash fl ows and a strong increase in return on equity, demonstrating a satisfactory return to its the strength of the Group's conglomerate structure and focus on shareholders. cash generation and capital effi ciency. Sustainability Divisional performance COLES 2017 2016 Revenue $m 39,217 39,242 About Wesfarmers About this report EarningsOverview before interest and tax Governance $m 1,609 1,860 From its origins in 1914 as a Western This annual report is a summary Wesfarmers is committed to reducing Segment assets $m 21,140 22,122 Australian farmers’ cooperative, of Wesfarmers and its subsidiary the environmental footprint associated Segment2 The liabilities year in review 62 Board of directors$m 4,245 4,273 Governance Wesfarmers has grown into one of companies’ operations, activities and with the production of the annual Capital4 employedChairman’s (R12) message 64 Corporate Governance$m Overview 16,586 16,541 Australia’s largest listed companies. fi nancial position as at 30 June 2017. In report and printed copies are only Return6 onManaging capital employed Director’s (R12) report % 9.7 11.2 With headquarters in Western Australia, this report references to ‘Wesfarmers’, posted to shareholders who have its diverse business operations ‘the company’, ‘the Group’, ‘we’, ‘us’ and elected to receive a printed copy. This 8 Performance overview HOME IMPROVEMENT 2017 2016 cover: supermarkets, liquor, hotels ‘our’ refer to Wesfarmers Limited (ABN report is printed on environmentally 10 Executive Leadership Team Revenue Directors’ report$m 13,586 11,571 and convenience stores; home 28 008 984 049) unless otherwise stated. responsible paper manufactured under improvement; department stores; ISO 14001 environmental standards. Earnings before interest and tax 68 Directors’ report$m 1,245 1,214 References in this report to a ‘year’ offi ce supplies; and an Industrials Segment assets $m 6,612 6,620 are to the fi nancial year ended 73 – Remuneration report division with businesses in chemicals, Segment liabilities $m 2,227 2,186 30 June 2017 unless otherwise stated. Operating and report Directors’ energy and fertilisers, industrial and Capital employed (R12) $m 4,110 3,599 All dollar fi gures are expressed in safety products and coal. Wesfarmers fi nancial review Australian dollars (AUD) unless Return on capital employed (R12) % 30.3 33.7 is Australia’s largest private sector otherwise stated. employer with around 223,000 12 Operating and financial review Financial statements DEPARTMENT STORES 2017 20161 employees (including more than 4,200 All references to ‘Indigenous’ people Revenue22 Retail businesses 93 Financial statements$m 8,528 8,646 Indigenous team members) and has are intended to include Aboriginal Earnings22 Coles before interest and tax 99 Notes to the financial$m statements 543 275 a shareholder base of approximately and/or Torres Strait Islander people. 515,000. Segment28 Home assets Improvement $m 3,928 3,970 Segment34 Department liabilities Stores $m 1,423 1,336 Capital employed (R12) $m 2,253 3,629 36 – Kmart statements Financial Return37 on– capitalTarget employed (R12) Signed reports% 24.1 7.6 40 Officeworks 139 Directors’ declaration OFFICEWORKS 2017 2016 Revenue44 Industrials 140 Independent auditor’s$m report 1,964 1,851 Earnings46 – before Chemicals, interest and Energy tax and Fertilisers $m 144 134 Segment48 – assetsIndustrial and Safety $m 1,401 1,379 Segment50 – liabilitiesResources Shareholder and$m 488 416 Capital52 employedOther activities (R12) $m 980 994 Return on capital employed (R12) ASX information% 14.7 13.5 reports Signed 145 Annual statement of coal resources and reserves INDUSTRIALS 2017 20162 148 Shareholder information Revenue $m 5,161 4,672 Sustainability 149 Five-year financial history Earnings before interest and tax $m 915 47 Segment53 Sustainability assets 150 Investor information$m 4,229 4,220 Segment liabilities 151 Corporate directory$m 1,125 1,221 Capital employed (R12) 152 Wesfarmers brands$m 3,393 4,244 Return on capital employed (R12) % 27.0 1.1 ASX informationASX Shareholder and 1 The 2016 earnings before interest and tax for Department Stores includes $145 million of restructuring costs and provisions to reset the Target business, but excludes the non-cash impairment of $1,266 million. 2 The 2016 earnings before interest and tax for Industrials excludes the $850 million non-cash impairment of Curragh. Wesfarmers 2017 Annual Report 9 WorldReginfo - 6c7cb93f-4f94-4692-845a-0b553bc6ed39 Overview Overview BACK financial review Operating and It was pleasing to report a record level of earnings and operating cash fl ows and a strong increase in return on equity, demonstrating the strength of the Group's conglomerate structure and focus on The year in review cash generation and capital effi ciency. Delivering value today and tomorrow Sustainability Divisional performance COLES 2017 2016 Revenue $m 39,217 39,242 ColesEarnings continued before interest to and invest tax in $m 1,609 1,860 Segmentvalue, quality assets and service. p22 Our suppliers Industrials$m had 21,140 a strong 22,122 p44 Governance Segment liabilities received $46.4b. recovery$m in earnings. 4,245 4,273 Capital employed (R12) p8 $m 16,586 16,541 Return on capital employed (R12) % 9.7 11.2 HOME IMPROVEMENT 2017 2016 Revenue $m 13,586 11,571 Earnings before interest and tax $m 1,245 1,214 Bunnings United Kingdom Segment assets $m 6,612 6,620 and Ireland opened four Segment liabilities $m 2,227 2,186 pilot stores during the year. report Directors’ Capital employed (R12) $m 4,110 3,599 p28 Return on capital employed (R12) $2.1b % 30.3 33.7 DEPARTMENTTerry Bowen STORES leaves GOVERNMENT TAXES 2017 20161 Richard Goyder RevenueWesfarmers in great AND ROYALTIES $m 8,528 8,646 Earningsfi nancial before shape, interest andwith tax a $m 543 275 reflects on his Segmentstrong assets balance sheet and p8 $m 3,928 3,970 time as Managing Segmentrecord liabilities cash fl ows. p12 $m 1,423 1,336 Capital employed (R12) $m 2,253 3,629 Director. p6 2.23 statements Financial $ % In 2017 Rob Scott will Return on capital employed (R12) 24.1 7.6 DIVIDENDS become Wesfarmers' eighth Wesfarmers is a special Managing Director. p5 PER SHARE OFFICEWORKS 2017 2016 company. I often Revenue $m 1,964 1,851 describe it as fi nancially p8 Earnings before interest and tax $m 144 134 Segment assets $m 1,401 1,379 focused with a heart. Segment liabilities $m 488 416 We are clear on our Capital employed (R12) $m 980 994 objectives of providing Return on capital employed (R12) % 14.7 13.5 reports Signed our shareholders with a satisfactory return, INDUSTRIALS Sustainability2017 20162 knowing we can Revenue matters$m 5,161 4,672 only do that through Earnings before interest and tax $m 915 47 Segment assets Understanding$m 4,229 and 4,220 creating value for all our Segment liabilities We employ around 223,000 managing$m the 1,125 ways we 1,221 stakeholders. CapitalO ffi employedc e w o (R12) r k s people and paid $8.7b in impact$m our community 3,393 4,244 continuesReturn on capital employed to (R12) salaries, wages and other and% the environment 27.0 is 1.1 Our community Kmart growth drive growth and benefi ts. p8 important to us. p53 informationASX Shareholder and contributions exceeded 1 The 2016 earnings before interest and tax for Department Stores includes $145 million of restructuring costs and provisions to reset the Target business, but $130m. p60 Kmart delivered another year of productivity.excludes the non-cash impairment p40 of $1,266 million. strong earnings growth. p36 2 The 2016 earnings before interest and tax for Industrials excludes the $850 million non-cash impairment of Curragh. 2 Wesfarmers 2017 Annual Report Wesfarmers 2017 Annual Report 39 WorldReginfo - 6c7cb93f-4f94-4692-845a-0b553bc6ed39 Overview Overview BACK Chairman’s financial review Operating and It was pleasing to report a record level of earnings and operating message cash fl ows and a strong increase in return on equity, demonstrating theCompetition strength is strong of across the allGroup's of our conglomerateThe current system structure is instead serving and as focusIn November, on Rob Scott will succeed markets, with new players entering the a deterrent to the enterprise bargaining Richard Goyder as Group Managing cashfi eld and generation new products and and processes capital process,effi ciency. working against the interests Director and Chief Executive Offi cer; challenging the status quo; but that has of employers, employees and unions and Anthony Gianotti will succeed always been the case. The pace of change in seeking to provide fl exible and Terry Bowen as Group Chief Financial Sustainability may be faster today but that simply appropriate terms of employment. The Offi cer. The directors are pleased that, I am pleased to report on highlights the need to keep innovating. uncertainty created by decisions of as has been the case historically, these This, I think, has been a strength of the Fair Work Commission in the retail critical appointments have been able another successful year for WesfarmersDivisional since performance it listed in 1984. sector operates as a disincentive to to be made internally, with people your company. bargaining and a barrier to building the who understand the company’s values In that context it is instructive to COLES fl exibility that would allow businesses and culture. 2017 2016 consider the growth of the company Revenue to meet the needs of consumers. $m 39,217 39,242 over those 33 years, when its market Richard Goyder has been an Earnings before interest and tax $m 1,609 1,860 value has increased 600-fold, from A fourth issue is the increasingly outstanding chief executive over his $80 millionSegment assets on listing to $48 billion uncompetitive corporate tax rate 12-year$m term in that 21,140 role.
Load more

Recommended publications
  • 2017 First Quarter Retail Sales Results 362 KB
    2017 First Quarter Retail Sales Results 26 October 2016 First Quarter Sales ($m) 2017 2016 Variance % Food & Liquor1,2 7,850 7,631 2.9 Convenience1,3 1,549 1,795 (13.7) Total Coles 9,399 9,426 (0.3) Bunnings Australia & New Zealand 2,659 2,476 7.4 Bunnings UK & Ireland 554 n.a. n.a. Home Improvement4,5 3,213 2,476 29.8 Kmart1 1,249 1,123 11.2 Target6 643 776 (17.1) Department Stores 1,892 1,899 (0.4) Officeworks4 461 429 7.5 Refer to Appendix Three for footnotes. Wesfarmers Limited today announced its retail sales results for the first quarter of the 2017 financial year. Managing Director Richard Goyder said that the sales performance of the Group’s retail businesses, with the exception of Target, built on the strong sales growth achieved in the prior corresponding period. “Coles’ headline food and liquor sales increased by 2.9 per cent for the quarter, building on the strong growth achieved in the previous corresponding period,” Mr Goyder said. “Coles continues to invest in value, service and quality, supported by ongoing efficiency improvements across the business. “Bunnings Australia and New Zealand achieved total sales growth of 7.4 per cent during the quarter, extending its very strong performance despite an impact from the stock liquidation activities of the Masters business. In the United Kingdom and Ireland, good progress continues to be made to reshape the business, with sales of £320 million ($554 million) for the quarter, in line with expectations. “Kmart recorded strong sales growth of 11.2 per cent, with a continued focus on lowest prices and the customer experience delivering growth across all categories.
    [Show full text]
  • 2015 Full-Year Results Supplementary Information 1984 KB
    2015 Full-Year Results Supplementary Information Thursday, 20 August 2015 (to be read in conjunction with 2015 the Full-Year Results Briefing Presentation) Presentation outline Item Page Coles 3 Home Improvement & Office Supplies 7 Kmart 13 Target 17 Chemicals, Energy & Fertilisers 22 Resources 29 Industrial & Safety 40 Balance Sheet & Cash Flow 43 2015 Full-Year Results | 2 Coles John Durkan Managing Director Coles network As at 30 June 2015 Selling Area Supermarkets (sqm) 1,749,840 6 7 11 Liquor (sqm) – ex 209,490 hotels 159 228 77 91 112 5 73 125 776 Supermarkets 56 35 7 46 858 Liquor stores 244 271 1 90 Hotels 211 181 662 Convenience 204 205 16 15 Coles 2015 Full-Year Results | 4 Store network movements Open at 30 Open at 30 Opened Closed Re-branded June 2014 June 2015 Supermarkets Coles 745 25 (10) 11 771 Bi-Lo 17 - (1) (11) 5 Total Supermarkets 762 25 (11) - 776 Liquor 1st Choice 98 5 (3) - 100 Vintage Cellars 77 5 (3) - 79 Liquorland 656 46 (23) - 679 Hotels 90 1 (1) - 90 Total Liquor 921 57 (30) - 948 Convenience 642 22 (2) - 662 Coles 2015 Full-Year Results | 5 Revenue reconciliation 2015 2014 Food & Food & Year end 30 June ($m) Convenience Total Convenience Total Liquor Liquor Segment revenue 30,784 7,417 38,201 29,220 8,171 37,391 (Gregorian)1 Less: Other revenue (279) (13) (292) (252) (12) (264) Headline sales 30,505 7,404 37,909 28,968 8,159 37,127 (Gregorian) Plus: Gregorian (75) (18) (93) (72) (22) (94) adjustment2 Headline sales revenue 30,430 7,386 37,816 28,896 8,137 37,033 (Retail)3 1 Segment revenue for Food & Liquor includes property revenue for 2015 of $29 million & for 2014 of $26 million.
    [Show full text]
  • Dear Stephen Please Find Attached Our Responses to the Questions On
    From: Josh Cullinan Sent: Thursday, 31 August 2017 3:41 PM To: Palethorpe, Stephen (SEN) Cc: Rusjakovski, Natasha (SEN) Subject: Questions on Notice - RAFFWU Dear Stephen Please find attached our responses to the Questions on Notice to the union. Firstly, the correspondence sent by SDAEA to a member regarding not ceasing payroll deductions. Secondly, the roster analysis for members working at Coles and Woolworths who appeared on Friday. We note McDonald’s analysis was included in our original submission. In addition, we have prepared a simple analysis of the current paid rates at a number of employers for the “typical roster” described by SDAEA in its submission of August 2005 in relation to AWAs. Finally, we identified an error in our wage table for Coles Liquor group as there had been a further wage increase under the Agreement. The amended wage tables are also attached. Kind regards Josh Cullinan Secretary Retail and Fast Food Workers Union www.raffwu.org.au Advice SDA to Resignees From: SDA Victoria Admin <[email protected]> Sent: Wednesday, 21 June 2017 2:05 PM To: Liam Mansbridge Subject: RE: Membership Cancellation Hi Liam, Thank you for your email. Your cancellation request will be duly processed. If you is still working, please instruct your payroll department to stop the fee deductions from your wages as we have no authority to do so. Kind regards Paul Stephenson Administration Officer Shop, Distributive & Allied Employees' Association – Victorian Branch Level 3, 65 Southbank Boulevard, Southbank VIC 3006 P: (03) 9698 1400 E: [email protected] W: www.sdavic.org From: Liam Mansbridge [mailto:[email protected]] Sent: Wednesday, 21 June 2017 1:01 PM To: SDA Victoria Subject: Membership Cancellation Hello, I would like to cancel my SDA membership.
    [Show full text]
  • Coles Operations Graduate Program Streams
    Distribution Centres Our Coles Distribution Centres play an important role moving quality products through our supply chain, to provide extraordinary shopping experiences for our customers. We work hard to make life easier, safer and more sustainable across our network, as well as maintain the availability and quality of our products for our customers. Working with our logistics partners, we are reducing our environmental footprint through more efficient fleet movements. We are also ensuring customers are provided with quality, safe products by conducting selected quality checks when produce arrives at our fresh produce distribution centres, with additional checks for chilled products. What's in it for you? The Distribution Centre offers you the opportunity to learn new skills in various departments, broadening your understanding of how our business works on a larger scale. Most importantly, your skills of communication, leadership, responsibility, resilience, flexibility and teamwork will be heightened from being part of our diverse team, setting you up for a successful career in supply chain. Coles Supermarkets Coles Supermarkets is a national full-service supermarket retailer operating more than 800 stores across Australia. Our purpose is to sustainably feed all Australians to help them live healthier, happier lives. We’re an essential part of communities right across the country, with our family of 120,000 team members helping 21 million customers every week. With such a big responsibility, we rely on our brilliant team to operate with pace and passion and drive a people first culture, focussed on delighting our customers. Coles Supermarkets has an Australian-first sourcing policy to provide our customers with quality Australian-grown fresh produce.
    [Show full text]
  • Wesfarmers 2012 Sustainability Report
    17 October 2012 The Manager Company Announcements Office Australian Securities Exchange Dear Sir, Wesfarmers 2012 Sustainability Report Please find attached the Wesfarmers 2012 Sustainability Report. The report is also available on the company’s website at www.wesfarmers.com.au. Yours faithfully, L J KENYON COMPANY SECRETARY Enc. For personal use only Wesfarmers Wesfarmers Sustainability Report 2012 Sustainability Report 2012 For personal use only Contents About Wesfarmers Managing Director’s welcome 2 The durability of our company is reflected in our history. With origins in 1914 as a Western Australian Message from the Chairman 3 farmers’ cooperative, Wesfarmers has grown into one of Australia’s largest listed companies. Our Sustainability at Wesfarmers 4 diverse business operations now include supermarkets; department stores; home improvement and Scorecard 6 office supplies; coal mining; insurance; chemicals, energy and fertilisers; and industrial and safety Engaging our stakeholders 10 products. We are one of Australia’s largest employers and have a shareholder base of approximately Reconciliation Action Plan 17 500,000 direct shareholders. Looking after our environment 18 Sustainability is an important part of our history and is a critical element in our future success. Driving our performance 26 Coles 28 Home Improvement and Office Supplies 34 Securities exchange listing Target 42 Wesfarmers Limited is a company limited by shares that is incorporated and domiciled in Australia. Kmart 46 Australian Securities Exchange (ASX) listing
    [Show full text]
  • COMPANY INTRODUCTION Coles Group Ltd (CGL) Is Australia's
    COMPANY INTRODUCTION Coles Group Ltd (CGL) is Australia’s dominant retailing company with an estimated market share of more than 20 percent of all retail sales in Australia. Its major businesses include Australia’s largest department store chain, largest grocery-supermarket chain, and the largest discount chains. In addition, it is a major player in food and liquor retailing, office supplies and apparel. The Product Portfolio of Coles Group include – (Source: Goggle Images viewed on 6th January 2007) - 1 - Food and Liquor: The Food division includes full-line Coles Supermarkets, Bi-Lo discount Supermarkets which are increasingly being merged into Coles supermarkets. The Liquor division includes First Choice Liquor Superstores, Liquorland, Vintage Cellars and Liquorland Hotel Group. Liquorland also operates an online liquor shopping service, Liquorland Direct. (Source: www.coles.com.au) Kmart: Kmart offers an extensive range of products such as apparel, toys, sporting goods, bedding, kitchenware, outdoor furniture, barbecues, music, video, car care, electrical appliances and Kmart Tyre & Auto Service business. Kmart operates 185 stores and 275 Kmart Tyre & Auto Service sites across Australia and New Zealand. (Source: www.coles.com.au) Target: Target has an extensive range of apparel and accessories, home wares, bed linen and décor, cosmetics, fragrances, health and beauty products and a full range of toys, games and entertainment. Target has 259 stores located across Australia. (Source: www.coles.com.au) Officeworks: Officeworks caters specifically for the needs of small to medium businesses, home offices and students, with over 7,000 office products all under one roof, located in 95 stores across Australia. (Source: www.coles.com.au) Coles Express: CML has a network of 599 Coles Express locations across Australia in an alliance with Shell.
    [Show full text]
  • 2018 Sustainability Report Su
    WESFARMERS SUSTAINABILITY REPORT 2018 CONTENTS Our Report 3 Sustainability at Wesfarmers 4 Our material issues 5 Managing Director’s welcome Our Principles Our Businesses People Bunnings 6 Safety 41 Bunnings 8 People development 11 Diversity Coles 45 Coles Sourcing 15 Suppliers Department Stores 18 Ethical sourcing and human rights 54 Kmart 58 Target Community 26 Community contributions Officeworks 29 Product safety 63 Officeworks Environment Industrials 31 Climate change resilience 67 Chemicals, Energy & Fertilisers 34 Waste and water use 70 Industrial and Safety 73 Resources Governance 37 Robust governance 74 Other businesses This is an edited extract of our 2018 Sustainability Report. Our full sustainability report contains numerous case studies and data available for download. It is prepared in accordance with the Global Reporting Initiatives Standards and assured by Ernst & Young. It is available at sustainability.wesfarmers.com.au Sustainability Report 2018 2 Our Report SUSTAINABILITY AT WESFARMERS At Wesfarmers we believe long-term value creation is only possible WESFARMERS CONSIDERS SUSTAINABILITY if we play a positive role in the communities we serve. Sustainability is about understanding and managing the ways we impact our AS AN OPPORTUNITY TO DRIVE STRONG AND community and the environment, to ensure we continue to create LONG-TERM SHAREHOLDER RETURNS value in the future. Wesfarmers is committed to minimising our footprint and to This Sustainability Report presents Wesfarmers Limited delivering solutions that help our customers and the community (ABN 28 008 984 049) and its wholly owned subsidiary companies’* do the same. We are committed to making a contribution to the sustainability performance for the year ended 30 June 2018, how we communities in which we operate through strong partnerships performed, the value we created and our plans for the future.
    [Show full text]
  • 2017 Annual Report
    19 September 2017 The Manager Market Announcements Office Australian Securities Exchange Dear Manager, 2017 ANNUAL REPORT Attached is the Wesfarmers Limited 2017 Annual Report. A copy of the report will be sent by mid-October 2017 to those shareholders who have elected to receive a copy. The report is also available on the company’s website www.wesfarmers.com.au. Yours faithfully, LJ KENYON COMPANY SECRETARY For personal use only Wesfarmers Annual 2017 Report 2017 Annual Report Delivering value today and tomorrow For personal use only The primary objective of Wesfarmers is to provide a satisfactory return to its shareholders. About Wesfarmers About this report From its origins in 1914 as a Western This annual report is a summary Wesfarmers is committed to reducing Australian farmers’ cooperative, of Wesfarmers and its subsidiary the environmental footprint associated Wesfarmers has grown into one of companies’ operations, activities and with the production of the annual Australia’s largest listed companies. financial position as at 30 June 2017. In report and printed copies are only With headquarters in Western Australia, this report references to ‘Wesfarmers’, posted to shareholders who have its diverse business operations ‘the company’, ‘the Group’, ‘we’, ‘us’ and elected to receive a printed copy. This cover: supermarkets, liquor, hotels ‘our’ refer to Wesfarmers Limited (ABN report is printed on environmentally and convenience stores; home 28 008 984 049) unless otherwise stated. responsible paper manufactured under improvement; department stores; ISO 14001 environmental standards. References in this report to a ‘year’ office supplies; and an Industrials are to the financial year ended division with businesses in chemicals, 30 June 2017 unless otherwise stated.
    [Show full text]
  • 2007-Sustainability-Report.Pdf
    Sustainability 07 COVER We are one of Australia’s largest public companies with our head office in Perth, Western Australia. In 1984 we listed on what is now the Australian Securities Exchange, having begun as a farmers’ cooperative in 1914. Our major operating business interests SustainSustainabilityability 07 are in home improvement products and building supplies; coal mining; insurance; industrial and safety products; chemicals and fertilisers; gas processing and distribution and power supply. Home Industrial & Chemicals & Other Coal Insurance Energy Improvement Safety Fertilisers Businesses BUNNINGS CURRAGH LUMLEY AUSTRALIA CSBP COREGAS GRESHAM (AUST/NZ) GENERAL PARTNERS BLACKWOODS INSURANCE (50%) PREMIER AUSTRALIAN WESFARMERS Members of the Wesfarmers (AUST) PROTECTOR Ultimate Challenge at sea off HOUSEWORKS GOLD LPG ALSAFE REAGENTS WESPINE BENGALLA Fremantle. LUMLEY (75%) INDUSTRIES (40%) BULLIVANTS KLEENHEAT GENERAL (50%) GAS Read about it on page 8. INSURANCE MULLINGS QUEENSLAND (NZ) FASTENERS NITRATES BUNNINGS ENERGY MOTION (50%) WAREHOUSE GENERATION WESFARMERS INDUSTRIES PROPERTY (ENGEN) FEDERATION TRUST INSURANCE (23%) NEW ZEALAND AIR LIQUIDE CONTENTS WA OAMPS BLACKWOODS (40%) (AUST/UK) PAYKELS Managing Director’s Welcome 1 NZ SAFETY CROMBIE PROTECTOR About This Report 2 LOCKWOOD SAFETY (NZ) PACKAGING HOUSE Sustainability Scorecard 4 KOUKIA (91%) Bunnings 12 Curragh 24 Premier Coal 32 Kleenheat Gas 44 Wesfarmers LPG 52 Industrial & Safety 60 CSBP 70 Insurance 82 Other Businesses 90 Independent Assurance Statement 94 Glossary and Feedback 96 AREAS COVERED 1 WELCOME This is the tenth time we’ve given an account of our performance across a range of issues relevant to our pursuit of a sustainable future. We have made very clear the priority we The Last 12 Months Looking Ahead allocate to this goal by adopting, as one of just Since we last reported there’s been an intense As ever, we must continue to improve.
    [Show full text]
  • COL ASX Release
    18 August 2020 The Manager Company Announcements Office Australian Securities Exchange Dear Sir or Madam Coles Group Limited – 2020 Full Year Results Release Please find attached for immediate release to the market the 2020 Full Year Results Release for Coles Group Limited. This announcement is authorised by the Board. Yours faithfully, Daniella Pereira Company Secretary For personal use only Coles Group Limited ABN 11 004 089 936 800 Toorak Road Hawthorn East Victoria 3123 Australia PO Box 2000 Glen Iris Victoria 3146 Australia Telephone +61 3 9829 5111 www.colesgroup.com.au 18 August 2020 2020 Full Year Results Release First year strategy delivered whilst supporting team members, suppliers and community through droughts, bushfires and COVID-19 Performance summary (retail non-IFRS basis)1 ▪ Full year sales revenue increased by 6.9% to $37.4 billion with sales revenue growth across all segments ▪ 51st consecutive quarter of Supermarkets comparable sales growth, increasing by 7.1% in Q4 ▪ Liquor comparable sales growth of 20.2% in Q4 ▪ Express convenience (c-store) comparable sales growth of 8.3% in Q4 ▪ Achieved Smarter Selling cost savings in excess of $250 million ▪ Group EBIT growth achieved for the first time in four years, increasing by 4.7% ▪ Strong earnings per share growth of 7.1% ▪ Cash realisation of 111% and net debt of $0.4 billion, providing significant capacity for future growth ▪ Fully-franked final dividend of 27.5 cents per share declared, a 14.6% uplift on the prior year final dividend ▪ Delivered a total shareholder
    [Show full text]
  • Ordinary Council Meeting
    ORDINARY COUNCIL MEETING AGENDA NOTICE IS HEREBY GIVEN that an Ordinary Meeting of Council will be held in the Council Chambers, Welcome Road, Karratha, on Monday, 17 February 2020 at 6.30pm ________________________ CHRIS ADAMS CHIEF EXECUTIVE OFFICER No responsibility whatsoever is implied or accepted by the City of Karratha for any act, omission or statement or intimation occurring during Council or Committee Meetings. The City of Karratha disclaims any liability for any loss whatsoever and howsoever caused arising out of reliance by any person or legal entity on any such act, omission or statement or intimation occurring during Council or Committee Meetings. Any person or legal entity who acts or fails to act in reliance upon any statement, act or omission made in a Council or Committee Meeting does so at that persons or legal entity’s own risk. In particular, and without derogating in any way from the broad disclaimer above, in any discussion regarding any planning application or application for a license, any statement or intimation of approval made by any member or Officer of the City of Karratha during the course of any meeting is not intended to be and is not taken as notice of approval from the City of Karratha. The City of Karratha warns that anyone who has any application lodged with the City of Karratha must obtain and should only rely on WRITTEN CONFIRMATION of the outcome of the application, and any conditions attaching to the decision made by the City of Karratha in respect of the application. Signed: _________________________ Chris Adams - Chief Executive Officer DECLARATION OF INTERESTS (NOTES FOR YOUR GUIDANCE) (updated 13 March 2000) A member who has a Financial Interest in any matter to be discussed at a Council or Committee Meeting, which will be attended by the member, must disclose the nature of the interest: (a) In a written notice given to the Chief Executive Officer before the Meeting or; (b) At the Meeting, immediately before the matter is discussed.
    [Show full text]
  • 2019 Annual Report 1 2019 the YEAR in REVIEW
    Wesfarmers Annual Report Annual Wesfarmers 2019 2019 WESFARMERS ANNUAL REPORT ABOUT WESFARMERS ABOUT THIS REPORT All references to ‘Indigenous’ people are intended to include Aboriginal and/or From its origins in 1914 as a Western This annual report is a summary Torres Strait Islander people. Australian farmers’ cooperative, Wesfarmers of Wesfarmers and its subsidiary Wesfarmers is committed to reducing the has grown into one of Australia’s largest companies’ operations, activities and environmental footprint associated with listed companies. With headquarters in financial performance and position as at the production of this annual report and Perth, Wesfarmers’ diverse businesses in this 30 June 2019. In this report references to printed copies are only posted to year’s review cover: home improvement; ‘Wesfarmers’, ‘the company’, ‘the Group’, shareholders who have elected to receive apparel, general merchandise and office ‘we’, ‘us’ and ‘our’ refer to Wesfarmers a printed copy. This report is printed on supplies; an Industrials division with Limited (ABN 28 008 984 049), unless environmentally responsible paper businesses in chemicals, energy and otherwise stated. manufactured under ISO 14001 fertilisers and industrial safety products. Prior References in this report to a ‘year’ are to environmental standards. to demerger and divestment, the Group’s the financial year ended 30 June 2019 businesses also included supermarkets, unless otherwise stated. All dollar figures liquor, hotels and convenience retail; and are expressed in Australian
    [Show full text]