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
6,960View entire presentation