Investor Presentaiton
WHL
FINANCIAL OVERVIEW
COMMENTARY
CONDENSED CONSOLIDATED
GROUP STATEMENT OF COMPREHENSIVE INCOME
SUMMARY OF THE
AUDITED GROUP RESULTS
DIRECTORATE &
STATUTORY INFORMATION
< 11/27 >
CONDENSED CONSOLIDATED
GROUP STATEMENT OF FINANCIAL POSITION
Audited
Audited
Notes
52 weeks
to 26 Jun
2022
Rm
52 weeks
to 27 Jun
2021
Rm
%
change
Audited
At 26 Jun
Notes
2022
Rm
Restated*
Audited
At 27 Jun
2021
Rm
Revenue
Turnover
Cost of sales
Gross profit
Other revenue
Expenses
Store costs
Other operating costs
Operating profit from core trading activities*
Profit on sale of property in Australia
2
82 255
80 942
1.6
ASSETS
80 067
78 763
1.7
Non-current assets
39 953
40 105
50 881
49 816
2.1
Property, plant and equipment
6
9 190
9 315
29 186
28 947
0.8
Intangible assets
6
7 451
7 135
2 121
2.096
1.2
24 534
24 311
0.9
Right-of-use assets.
11
18 891
19 116
16 865
17 512
(3.7)
Investment in joint ventures
945
893
7.669
6.799
12.8
Other loans
92
100
Derivative financial instruments
10
56
13
6 773
6 732
0.6
492
(100.0)
Deferred tax
3 328
3 533
Lease exit and modification gains
11
Impairment of assets
259
121
591
(56.2)
Current assets
16 126
15 483
364
(66.8)
Operating profit before net finance costs*
Investment income
Finance costs
6 911
67
1953
7 451
(7.2)
Inventories
8.709
8 501
83
(19.3)
2 502
(21.9)
Profit before earnings from joint ventures
5 025
5 032
(0.1)
Earnings from joint ventures
Profit before tax
Tax expense
Profit for the year
Other comprehensive income
Amounts that may be reclassified to profit or loss
Fair value adjustments on financial instruments, after tax
Exchange differences on translation of foreign subsidiaries
Amounts that may not be reclassified to profit or loss
Post-retirement medical benefit liability: actuarial gain, after tax
Other comprehensive income for the year
165
118
39.8
5 190
5 150
0.8
Trade and other receivables
Derivative financial instruments
Tax
1 703
1 277
10
314
33
26
48
Cash and cash equivalents
5 374
5 624
1473
987
49.2
TOTAL ASSETS
56 079
55 588
3 717
4 163
(10.7)
EQUITY AND LIABILITIES
TOTAL EQUITY
545
171
(392)
(1 027)
Equity attributable to shareholders of the parent
Non-controlling interests
15
4
731
(1 415)
Total comprehensive income for the year
4 448
2 748
Lease liabilities
Profit attributable to:
Shareholders of the parent
Non-controlling interests
Shareholders of the parent
3 717
4 163
Non-current liabilities
Interest-bearing borrowings
Post-retirement medical benefit liability
Provisions and other payables
3 715
4 161
2
2
Total comprehensive income attributable to:
4 448
2 748
4 446
2 746
Non-controlling interests
2
2
Earnings per share (cents)
3
387.4
435.1
(11.0)
Derivative financial instruments
Deferred tax
Current liabilities
Trade and other payables
Provisions
Diluted earnings per share (cents)
3
381.4
428.7
(11.0)
Lease liabilities
Number of shares in issue (millions)
945.7
956.7
(1.1)
Derivative financial instruments
Weighted average number of shares in issue (millions)
958.9
956.3
0.3
Tax
Overdrafts and interest-bearing borrowings
ADDITIONAL EARNINGS MEASURES
Audited
Audited
TOTAL LIABILITIES
52 weeks
52 weeks
TOTAL EQUITY AND LIABILITIES
to 26 Jun
to 27 Jun
Notes
2022
2021
%
change
Net asset book value per share (cents)
*
Headline earnings per share (cents)
4
398.9
374.4
6.5
Refer to note 8 for details of the restatement.
Diluted headline earnings per share (cents)
4
392.7
368.9
6.5
Adjusted headline earnings per share (cents)
5
380.9
346.6
9.9
Adjusted diluted headline earnings per share (cents)
5
374.9
341.6
9.7
Comparative information has been updated by renaming the subtotal "Operating profit" to "Operating profit from core trading activities" and adding the subtotal
"Operating profit before net finance costs", arising from the JSE review process.
11 800
9 328
11 775
9 305
25
23
29 880
31 305
4 813
5 963
11
24 220
24 608
359
363
485
361
10
10
3
-
14 399
14 955
10 211
9 625
1 260
1 308
11
2 564
2 586
10
53
369
28
390
283
677
44 279
46 260
56 079
55 588
1 245
973
WHL 10/2022
WHL 11/2022View entire presentation