Five-year financial history


All figures in $m unless shown otherwise201820171
Summarised income statement4,5
Sales revenue66,60864,58365,64362,12959,903
Other operating revenue275330338318278
Operating revenue66,88364,91365,98162,44760,181
Operating profit before depreciation and amortisation, finance costs and income tax5,2595,3522,6424,9783,877
Depreciation and amortisation(1,198)(1,175)(1,296)(1,219)(1,082)
Finance costs(211)(248)(308)(315)(346)
Income tax expense(1,246)(1,169)(631)(1,004)(939)
Profit after tax from discontinued operations(1,407)113--1,179
Operating profit after income tax attributable to members of Wesfarmers Limited1,1972,8734072,4402,689
Capital and dividends
Ordinary shares on issue (number) 000's as at 30 June1,133,8401,133,8401,126,1311,123,7531,143,275
Paid up ordinary capital as at 30 June22,27722,26821,93721,84422,708
Fully-franked dividend per ordinary share declared (cents)223223186200200
Capital management: capital return and fully franked dividend components---10050
Financial performance
Earnings per share (weighted average) (cents)105.8254.736.2216.1234.6
Earnings per share growth(58.5%)603.6%(83.2%)(7.9%)19.8%
Return on average ordinary shareholders' equity (R12)(excluding significant items4)11.7%12.4%9.6%9.8%10.5%
Fixed charges cover (R12, times)(excluding significant items6)
Interest cover (cash basis) (R12, times)(excluding significant items6)30.425.016.820.515.9
Financial position as at 30 June
Total assets36,93340,11540,78340,40239,727
Total liabilities14,17916,17417,83415,62113,740
Net assets22,75423,94122,94924,78125,987
Net tangible asset backing per ordinary share$4.33$4.44$3.45$4.85$6.14
Net debt to equity17.3%20.1%31.0%25.1%13.1%
Total liabilities/total assets38.4%40.3%43.7%38.7%34.6%
Stock market capitalisation as at 30 June55,96645,49045,15843,86047,835

1 The 2017 numbers have been restated to reflect the disposal of BUKI and the Curragh coal mine as discontinued operations.

2 The 2016 to 2014 numbers have not been restated for classification of BUKI and the Curragh coal mine site as discontinued operations.

3 The 2014 numbers have been restated to reflect the disposal of WesCEF's interest in Air Liquide WA Pty Ltd as a discontinued operation.

4 The summarised income statement for 2016 includes significant items relating to the following pre-tax (post-tax) items: $1,266 million ($1,249 million) non-cash impairment of Target; $850 million ($595 million) non-cash impairment of Curragh; and $145 million ($102 million) of restructuring costs and provisions to reset Target.

5 The summarised income statement for 2018 includes significant items relating to the pre-tax $306 million ($300 million post-tax) non-cash impairment of Target.

6 The 2018 and 2016 numbers exclude the significant items outlined in footnotes 4 and 5 above.