Investor Presentaiton

106 Consolidated Statement of Cash Flows Cash flows from operating activities Receipts from customers Payments to suppliers and employees Payments for the interest component of lease liabilities Finance costs paid on borrowings Income tax paid Net cash provided by operating activities Cash flows from investing activities Notes to the Consolidated Financial Statements for the period ended 25 June 2023 107 Annual Report 2023 Woolworths Group This section describes the financial reporting framework within which the Consolidated Financial Statements are prepared. 1 NOTE 2023 $M 2022 $M 1 General information 68,275 (62,259) 64,538 (59,721) 1.1 Basis of preparation 3.5.2 (542) (542) (133) (59) (587) (838) 4.5 4,754 3,378 Woolworths Group Limited (the Company) is a for-profit company which is incorporated and domiciled in Australia. The Financial Report of the Company is for the 52-week period ended 25 June 2023 and comprises the Company and its subsidiaries (together referred to as the Group). The comparative period is for the 52-week period ended 26 June 2022. The Consolidated Financial Statements are presented in Australian dollars and amounts have been rounded to the nearest million dollars unless otherwise stated, in accordance with ASIC Corporations (Rounding in Financial/Directors' Reports) Instrument 2016/191. The Financial Report was authorised for issue by the directors on 23 August 2023. Proceeds and advances from the sale of property, plant and equipment Payments for property, plant and equipment and intangible assets Proceeds from the sale of subsidiaries and investments, net of cash disposed Payments for the purchase of businesses, net of cash acquired Payments for the purchase of investments 361 332 (2,519) (2,416) 659 53 (373) (425) (30) (32) Net proceeds from/(advances to) related parties Dividends received 15 (20) 43 51 Net cash used in investing activities (1,844) (2,457) Cash flows from financing activities Repayment of principal component of lease liabilities Proceeds from borrowings 3.5.2 4.6.4 (1,067) 351 (1,019) 2,513 1.1.1 Repayment of borrowings 4.6.4 (952) Proceeds from loan to related party (969) 1,712 Distribution to related party (437) Payments for share buy-back Dividends paid Dividends paid to non-controlling interests Payments for shares held in trust (2,000) 4.2 (1,026) (5) (1,007) (5) (110) Net cash used in financing activities Net increase/(decrease) in cash and cash equivalents Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents at start of period (2,809) (125) (1,337) 101 2 (416) 1,032 1,446 Cash and cash equivalents at end of period¹ 1,135 1,032 2 1 Included in cash and cash equivalents is $665 million (2022: $633 million) relating to receivables from credit card merchants for electronic funds transfers, credit card and debit card point of sale transactions, of which $92 million (2022: $90 million) is relating to payables to Endeavour Group Limited. The above Consolidated Statement of Cash Flows should be read in conjunction with the accompanying Notes to the Consolidated Financial Statements. Basis of accounting The Consolidated Financial Statements of the Group are general purpose financial statements, which have been prepared in accordance with the Corporations Act 2001, Australian Accounting Standards, and other authoritative pronouncements issued by the Australian Accounting Standards Board (AASB). Compliance with Australian Accounting Standards ensures that the Financial Report complies with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). Consequently, this Financial Report has been prepared in accordance with and complies with IFRS as issued by the IASB. The Consolidated Financial Statements have been prepared on the historical cost basis, except for financial instruments that are measured at revalued amounts or fair values as at the end of each reporting period, as explained inthe accounting policies. The accounting policies have been applied consistently to all periods presented in the Consolidated Financial Statements, unless otherwise stated. Certain comparative amounts have been reclassified to conform with the current period's presentation. This includes the reclassification of the costs of running the distribution centres from branch and administration expenses to cost of sales, which is consistent with the Group's current recognition of freight costs within cost of sales. This has resulted in better overall visibility of the margins of the products that the Group sells to enable appropriate accountability and support better end-to-end decision making. Separately, the Group has reclassified the presentation of its eCommerce overheads from cost of sales to branch and administration expenses to align with the current period's presentation of other similar costs, such as store labour in branch and administration expenses. This has resulted in the following reclassifications for the comparative period within the Consolidated Statement of Profit or Loss: highlights Performance 2 Business review 3 Report Directors' 4 Report Financial LO 2022 Revenue Cost of sales Gross profit Other income Branch and administration expenses Earnings before interest and tax AS PREVIOUSLY REPORTED ADJUSTMENT RESTATED $M $M $M 60,849 (42,807) 18,042 297 (15,648) 2,691 60,849 (2,071) (2,071) (44,878) 15,971 297 2,071 (13,577) 2,691 For segment reporting purposes, the Australian Food segment now includes amounts relating to Woolworths at Work, the Group's B2B-focused eCommerce business, which was previously reported in Australian B2B. This better reflects the integrated nature of Woolworths at Work within Australian Food, in particular, the fulfilment of Woolworths at Work orders from supermarkets and customer fulfilment centres. As a result, the comparative amounts for both the Australian Food and Australian B2B reportable segments have been restated in Note 2.2.1 and Note 2.2.2. Other information

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