Investor Presentaiton slide image

Investor Presentaiton

158 Notes to the Consolidated Financial Statements 5.2 Subsidiaries 5.2 Subsidiaries (continued) COMPANY Group structure 5 159 Annual Report 2023 Woolworths Group 5.2.1 The following section presents information relating to the Group's subsidiaries. Deed of cross guarantee Woolworths Group Limited and each of the wholly owned Australian subsidiaries set out below (together referred to as the Closed Group) have entered into a deed of cross guarantee (the Deed), as defined in ASIC Corporations (Wholly-owned Companies) Instrument 2016/785 (the Instrument). The effect of the Deed is that each entity in the Closed Group guarantees the payment in full of all debts of the other entities in the Closed Group in the event of their winding up. Pursuant to the Instrument, the wholly-owned subsidiaries within the Closed Group are relieved from the requirement to prepare, audit, and lodge separate financial reports. PARTIES TO THE DEED DURING THE PERIOD Weetah Pty. Limited WGP No 1 Pty Limited WGP No 2 Pty Limited Woolies Liquor Stores Pty. Ltd. Woolstar Pty. Limited Woolworths (International) Pty Limited Woolworths (Project Finance) Pty. Limited¹ Woolworths (Q'land) Pty Limited Woolworths (R & D) Pty Limited¹ Woolworths (South Australia) Pty Limited Woolworths (Victoria) Pty Limited Woolworths (W.A.) Pty Limited Woolworths360 Pty Limited Woolworths360 Investments Pty Limited Woolworths Custodian Pty Ltd Woolworths Executive Superannuation Scheme Pty Limited Woolworths Format Development Pty Limited Woolworths Group Foundation Pty Limited² Woolworths Group Payments Pty Limited Woolworths Group Superannuation Scheme Pty Ltd Woolworths International Trading Pty Limited Woolworths Management Pty Ltd Woolworths Marketplace Pty Limited Woolworths Properties Pty Limited Woolworths Property Double Bay Pty Limited Woolworths Townsville Nominee Pty Ltd Woolworths Trust Management Pty Limited Woolworths Trustee No. 2 Pty Limited WPay Pty Limited 1 highlights Performance 2 Business review COMPANY ACN 001 259 301 Pty Limited¹ Advantage Supermarkets Pty Ltd Advantage Supermarkets WA Pty Ltd Andmist Pty. Limited Australian Grocery Wholesalers Pty Limited Australian Independent Retailers Pty Ltd Australian Safeway Stores Pty. Ltd. Barjok Pty Ltd Calvartan Pty. Limited Cartology Pty Limited Cenijade Pty. Limited Charmtex Pty Ltd¹ DB Deals Online Pty Limited Dentra Pty. Limited Drumstar Pty Ltd Drystone Pty Ltd¹ Fabcot Pty Ltd Fabsky Pty Ltd¹ Gembond Pty. Limited Grand Horizons Pty Ltd GreenGrocer.com.au Pty Ltd Grocery Wholesalers Pty Ltd Healthylife Company Pty Limited HP Distribution Pty Limited Hydrogen Nominees Pty. Ltd Hydrox Brands Pty Ltd Jack Butler & Staff Pty. Ltd. Josona Pty Ltd Kiaora Lands Pty Limited Leasehold Investments Pty Ltd Macro Wholefoods Company Pty Limited Masters Installation Pty Limited Milkrun Delivery Pty Limited² Nalos Pty Ltd Oxygen Nominees Pty. Ltd. PEH (NZ IP) Pty Ltd Philip Leong Stores Pty Limited Primary Connect International Pty Limited Progressive Enterprises Holdings Limited QFD Pty. Limited¹ Queensland Property Investments Pty Ltd Shopper Data Group Pty Ltd³ Shopper Media Group Pty Ltd³ Shopper Media Group Holdings Pty Ltd³ Shopper Media Group Operations Pty Ltd³ Spaurum Pty Ltd³ Universal Wholesalers Pty Limited Vincentia Nominees Pty Ltd W23 Pty Limited W23 Incubator Pty Limited W23 Investments Pty Limited W23 Investments 4 Pty Limited W23 Ventures Pty Limited W360 R&D Pty Limited 1 These dormant subsidiaries were released from the Deed as a result of entering into a Revocation Deed on 12 April 2023. 2 Formerly Metro 60 Pty Limited. 3 These wholly-owned subsidiaries became a party to the Deed by way of an Assumption Deed on 16 June 2023. 1 These dormant subsidiaries were released from the Deed as a result of entering into a Revocation Deed on 12 April 2023. 2 Formerly Woolworths Australian Communities Foundation Pty Limited. A Statement of Profit or Loss and retained earnings, and Statement of Financial Position for the entities which were party to the Deed during the period are as follows: Continuing operations Revenue from the sale of goods and services Cost of sales Gross profit Other revenue Branch expenses Administration expenses Earnings before interest and tax Finance costs Profit before income tax Income tax expense Profit for the period RETAINED EARNINGS Balance at start of period Profit for the period² Dividends paid Actuarial (loss)/gain on defined benefit superannuation plans Share buy-back Demerger of Endeavour Group Balance at end of period 1 Refer to Note 1.1.1 for further details. 2 Included in prior year profit was the gain on demerger from Endeavour Group of $6,387 million. RESTATED¹ 2023 $M 2022 $M 3 Directors' Report 53,652 (38,630) 15,022 50,999 (37,100) 13,899 303 7,272 4 (9,126) (8,993) (3,350) (2,986) Report 2,849 9,192 Financial (524) (512) 2,325 8,680 (631) (461) 1,694 8,219 LO 5 2023 2022 $M $M 6,960 1,617 1,694 (1,203) (2) 8,219 (1,170) Other information 1 (1,750) 43 7,449 6,960
View entire presentation