Annual Report

A nnuAl RepoRt

contents

peRfoRmAnce summARy

Performance Summary

1

Growth Plans

2

Chairman’s Report

10

Managing Director’s Report

12

The Results in Brief

14

Food, Liquor and Petrol

16

General Merchandise

22

Hotels

24

Home Improvement

26

Consumer Electronics

27

Discontinued Operations

27

Overheads, Expenses and Balance Sheet

28

Capital Management and Outlook

29

Board of Directors

32

Directors’ Statutory Report

38

Remuneration Report

42

Auditor’s Independence Declaration

71

Corporate Governance Statement

72

Financial Report to Shareholders

88

Shareholder Information

179

stRAtegy gAining good momentum And continuing investment in gRowth initiAtives good

mo

eARnings befoRe inteRest And tAx

AustRAliAn food And liquoR
5.2% p
AustRAliAn supeRmARkets (including petRol) 5.3% p new ZeAlAnd supeRmARkets
17.0% p big w
0.8% p hotels 6.5% p

Our 2012 Corporate
Responsibility Report will be published in November.
The report will be available on our website.

woolwoRths limited Abn 88 000 014 675

w ww.woolwoRthslimited.com.Au

12

a nnual report

20

mentum
4.8
3.3 sales (increase from continuing operations)

dividends

sales

fully franked dividends

% p total group sales

,130m
55

4.7

$

3.0

% p i ncrease in earnings before interest and tax from continuing operations to $3,352.1 million

3.6

% p increase in net profit after tax from continuing operations to $2,182.9 million

126

%p

% p ¢

3.1

14.5

increase in earnings per share from continuing operations to 178.63 cents

decrease in net profit after tax including discontinued operations and consumer electronics provision

% p %

1

growth plans

our

four strategic priorities strategic priority

no.

1 extend leadership in food and liquor 2

W oolWorths