Investor Presentaiton

162 Notes to the Consolidated Financial Statements Group structure 5 163 Annual Report 2023 Woolworths Group 5.2 Subsidiaries (continued) 5.3 Parent entity information (continued) Summarised financial information in respect of each of the Group's subsidiaries that has a material non-controlling interest were as follows: RETAINED EARNINGS NOTE 2023 $M 2022 $M PFD FOOD SERVICES PTY LTD THE QUANTIUM GROUP HOLDINGS PTY LIMITED Balance at start of period 5,414 (774) Profit for the period 1,306 Dividends paid 4.2 (1,203) 9,064 (1,170) 1 2023 2022 2023 2022 $M $M $M $M Current assets Non-current assets Current liabilities 438 394 142 125 Actuarial gain on defined benefit superannuation plans Share buy-back (2) 1 (1,750) 574 587 239 236 Demerger of Endeavour Group 43 425 401 105 85 Balance at end of period 5,515 5,414 Non-current liabilities Net cash inflow/(outflow) 370 431 94 104 highlights Performance 1 (4) (7) (13) 5.3 Parent entity information 2023 $M 2022 $M This section presents the stand-alone financial information of Woolworths Group Limited. Assets Current assets Non-current assets Total assets Liabilities Current liabilities Non-current liabilities Total liabilities Net assets Equity Contributed equity Reserves Retained earnings¹ Total equity 4,411 29,464 4,195 29,256 33,875 33,451 17,043 15,410 13,550 14,885 30,593 30,295 3,282 3,156 5,406 5,207 (7,639) (7,465) 5,515 5,414 3,282 3,156 2023 2022 $M $M Profit for the period Other comprehensive income for the period 1,306 9,064 14 Total comprehensive income for the period 1,320 94 9,158 1 Retained earnings includes a profit reserve of $7,519 million and a loss reserve of $2,004 million (2022: profit reserve of $7,418 million and a loss reserve of $2,004 million). Guarantees The parent entity has entered into a deed of cross guarantee with the effect that the Company guarantees debts in respect of certain subsidiaries. Further details on the deed of cross guarantee and the subsidiaries subject to the deed are disclosed in Note 5.2.1. Other guarantees held by the parent entity are the same as those held by the Group as disclosed in Note 6.1. Commitments for capital expenditure 2023 $M 2022 $M 2 Business review Estimated capital expenditure under firm contracts, payable: Not later than one year Later than one year, not later than two years Later than two years, not later than five years 562 672 153 246 - 159 715 1,077 3 Directors' Report 4 Financial Report LO Significant Accounting Policies Financial information for the Company, Woolworths Group Limited, has been prepared on the same basis as the Consolidated Financial Statements. The following are accounting policies that are significant to the Company only as the related transactions are either not material for the Group or eliminated on consolidation. Investments in subsidiaries Investments in subsidiaries are accounted for at cost and are tested for impairment in accordance with the policy for the impairment of non-financial assets in Note 3.10. Dividends received from subsidiaries are recognised in profit or loss when a right to receive the dividend is established. Investments in associates Investments in associates are initially recognised at cost, and are accounted for using the equity method by including the Company's share of profit or loss and other comprehensive income or loss of the associate in the carrying amount of the investment until the date on which significant influence or joint control ceases. Dividends received reduce the carrying amount of the investment in associate. Lessor accounting The Company recognises amounts due from lessees under finance leases as receivables at the amount of the Company's net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the Company's net investment outstanding in respect of the leases. The Company recognises lease payments received under operating leases as rental income on a straight-line basis over the lease term. Other information

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