2023 Full-year results
Other business performance summary
Year ended 30 June ($m)
Holding %
2023
2022
Var %
Share of (loss)/profit of associates and joint ventures
BWP Trust
24.8
9
121
(92.6)
Other associates and joint ventures¹
Various
(13)
36
(136.1)
Sub-total share of net (loss)/profit of associates and joint ventures
(4)
157
(102.5)
OneDigital²
(82)
(80)
(2.5)
Group overheads
(144)
(134)
(7.5)
Other³,4
25
65
(61.5)
Total Other EBIT4
(205)
8
n.m.
Interest on lease liabilities
(1)
(1)
Total Other EBT4
(206)
7
n.m.
Other EBT reflects:
•
Significant year-on-year impact of negative property revaluations in BWP Trust and BPI No 1, accounting for $164m
reduction in earnings relative to the positive revaluations in the prior year
•
Decrease in third-party dividends mainly from a lower shareholding in Coles prior to the sale of the Group's remaining
interest in April 2023
•
.
Lower Group insurance result, the benefit of the Homebase equity distribution in the prior period, and higher
corporate overheads
Continued development of the OnePass membership program and the Group's customer and data insights capabilities
through OneDigital
1. Includes investments in Gresham, Flybuys, Wespine and BPI.
2. Excludes Catch.
3. 2023 includes $25m in dividends received from the Group's interest in Coles. 2022 includes $45m in dividends received from the Group's interest in Coles and 19.3%
ownership of API prior to the completion of the acquisition on 31 March 2022.
4. 2022 has been restated for the elimination of intercompany transactions between Catch and Kmart Group.
2023 Full-year results | 13View entire presentation