Summary of Consolidated Balance Sheets

for 2015 - 2019

2019 2018 2017
Vertical
$'000 Analysis $'000 $'000

ASSETS
Current assets
Cash and cash equivalents 47,450 3.09% 41,793 30,591
Trade and other receivables and prepayments 31,114 1.97% 26,616 27,602
Inventories 346,940 27.11% 366,839 372,374
Derivative financial instruments 5,688 0.50% 6,725 -
Total current assets 431,192 32.67% 441,973 430,567
Non-current assets
Property, plant and equipment 383,487 31.34% 424,076 460,211
Intangible assets 467,604 35.86% 485,151 985,657
Derivative financial instruments 101 0.02% 269 -
Investment in associate - - -
Other non-current assets 4,228 0.11% 1,529 2,094
Deferred tax assets - - -
Total non-current assets 855,420 67.33% 911,025 1,447,962
Total assets 1,286,612 100.00% 1,352,998 1,878,529
LIABILITIES
Current liabilities
Trade and other payables 372,653 49.56% 381,156 379,740
Provisions 64,386 9.10% 70,007 87,295
Deferred income 8,295 1.34% 10,294 9,817
Derivative financial instruments 132 0.01% 64 7,944
Current tax liabilities 5,280 0.56% 4,321 1,627
Other liabilities 373 0.06% 472 591
Total current liabilities 451,119 60.64% 466,314 487,014
Non-current liabilities 0.00%
Borrowings 86,134 19.40% 149,165 143,367
Provisions 12,273 1.54% 11,856 13,821
Deferred income 80,158 10.48% 80,629 75,927
Deferred tax liabilities 54,869 7.93% 60,981 84,574
Other liabilities - 0.00%
Derivative financial instruments 3 0.01% 64 958
Total non-current liabilities 233,437 39.36% 302,695 318,647
Total liabilities 684,556 100.00% 769,009 805,661
Net assets 602,056 75.94% 583,989 1,072,868
EQUITY
Contributed equity 738,759 126.55% 739,020 739,329
Retained earnings - - 342,146
Accumulated losses -138,641 -27.45% -160,282 -
Reserves 1,938 0.90% 5,251 -8,607
Capital and reserves attributable to owners of Myer Holdings 602,056 100.00% 583,989 1,072,868
Non-controlling interests
Total equity 602,056 100.00% 583,989 1,072,868
 2016 2015 2017 2016
Average Average
$'000 $'000
Inventory Inventory

45,207 53,323
37,883 30,363
396,297 381,907 570,523 580,056
351 15,211
479,738 480,804

445,379 469,006
1,019,671 916,108
80 -
9,203 -
2,271 2,614
- 18,016
1,476,604 1,405,744
1,956,342 1,886,548

400,590 387,182
94,228 85,728
10,812 6,997
7,127 99
7,033 512
795 871
520,585 481,389

147,273 441,179
19,754 21,198
69,702 75,112
88,444 -

2,819 4,654
327,992 542,143
848,577 1,023,532
1,107,765 863,016

739,338 524,755
379,483 335,366
- -
-11,056 2,895
1,107,765 863,016

1,107,765 863,016
 Summary of Consolidated Income Statements
for the period 2015 - 2019
2019 2018 2017
$’000 $’000 $’000
Total sales value 2,991,795 3,100,554 3,201,866
Concession sales 612,193 653,983 701,678
Sale of goods 2,379,602 2,446,571 2,500,188
Sales revenue deferred under customer loyalty
34,545 36,583 34,847
program
Revenue from sale of goods 2,345,057 2,409,988 2,465,341
Other operating revenue 153,576 162,299 176,485
Cost of goods sold 1,336,194 1,387,903 1,421,394
Operating gross profit 1,162,439 1,184,384 1,220,432
Other income 0 0 0
Selling expenses 822,832 831,192 819,055
Administration expenses 281,109 297,765 292,212
Share of net profit/(loss) of equity-accounted
0 0 1,176
associate
Dilution of investment in equity-accounted
0 0 1,338
associate
Restructuring & store exit costs 12,458 541,190 65,615
Earnings before interest and tax 46,040 -485,763 41,036
Finance revenue 556 397 436
Finance costs 12,081 9,471 11,259
Net finance costs 11,525 9,074 10,823
Profit before income tax 34,515 -494,837 30,213
Income tax expense 10,041 8,835 18,274
Total Profit for the period 24,474 -486,002 11,939
 2016 2015 Determine the Formula
$’000 $’000 following Ratios:
3,289,568 3,195,626 Profitability
610,553 501,153 Gross Profit Gross Profit / Total Revenue
2,679,015 2,694,473 Net Profit Margin NPAT / Total Revenue
38,861 40,122 Return on Assets NPAT / Average Total Assets
2,640,154 2,654,351
161,689 131,423 Efficiency
1,527,552 1,495,382 Inventory Turnover COGS / Average Inventory
1,274,291 1,290,392 Days Held in Inventory 365 / Inventory Turnover
71 108
842,217 828,906
318,039 328,138 Liquidity
620 0 Current Ratio Current Assets / Current Liabilities
0 0 Quick Ratio Quick Assets / Current Liabilities
18,250 61,687
95,236 71,769
906 753 Solvency
15,447 23,488 Debt Ratio Total Liabilities / Total Assets
14,541 22,735 Debt to Equity Total Liabilities / Total Equity
80,695 49,034 Interest Coverage EBIT / Interest Expense
20,152 19,208
60,543 29,826

`
2017 2016

38.12% 38.74%
0.37% 1.84%
0.64% 3.09%

2.49 2.63
147 139

0.88 0.92
0.12 0.16

42.89% 43.38%
75.09% 76.60%
108.40 82.49
 Summary of Consolidated Cash Flow
for the period 2015 - 2019
2019 2018 2017
$’000 $’000 $’000
Cash flows from operating activities
Receipts from customers (inclusive of goods and services tax) 2,769,783 2,857,300 2,931,853
Payments to suppliers and employees (inclusive of goods and services tax) -2,631,291 -2,726,701 -2,744,651
138,492 130,599 187,202
Other income - - -
Interest paid -9,815 -9,097 -10,165
Tax paid -13,598 -12,301 -27,759
Net cash inflow from operating activities 115,079 109,201 149,278
Cash flows from investing activities
Payments for property, plant and equipment -35,647 -42,990 -88,452
Payments for intangible assets -17,020 -48,313 -24,217
Payment for brands acquisition - - -
Payment for acquisition of assets, under business combination - - -13,000
Payment for acquisition of non-controlling interests - - -
Lease incentives and contributions received 7,971 4,455 16,758
Net investment in associate - - -966
Interest received 556 411 421
Net cash outflow from investing activities -44,140 -86,437 -109,456
Cash flows from financing activities
Repayment of borrowings, net of transaction costs -64,915 - -5,000
Dividends paid to equity holders of the parent - -16,426 -49,276
Dividends paid to non-controlling interests - - -
Loans to/repayment of loans by employees - - -
Payment for acquisition of treasury shares -261 -309 -196
Proceeds from the issue of shares, net of transaction costs - 5,000 -
Other -106 173 34
Net cash outflow from financing activities -65,282 -11,562 -54,438
Net decrease/increase in cash and cash equivalents 5,657 11,202 -14,616
Cash and cash equivalents at the beginning of the financial period 41,793 30,591 45,207
Cash and cash equivalents at end of period 47,450 41,793 30,591
 2016 2015
$’000 $’000

3,101,149 3,096,099
-2,915,467 -2,946,252
185,682 149,847
71 108
-15,894 -22,601
-20,369 -30,439
149,490 96,915

-40,479 -63,099
-11,891 -17,276
- -1,000
- -
- -
1,856 18,225
-8,680 -
943 800
-58,251 -62,350

-295,000 17,927
-16,426 -17,211
- -
- -
- -
212,011 23
60 455
-99,355 -54,806
-8,116 -20,241
53,323 73,564
45,207 53,323