HARVEY NORMAN HOLDINGS LIMITED
A.C.N 003 237 545
30 September 2020
The Manager Announcements
Australian Securities Exchange Limited
Exchange Centre
20 Bridge Street
SYDNEY NSW 2000
Dear Sir
A1 RICHMOND ROAD HOMEBUSH WEST, N.S.W 2140 LOCKED BAG 2
SILVERWATER DC, NSW 1811
AUSTRALIA
Telephone: (02) 9201 6111
Facsimile: (02) 9201 6250
Pursuant to listing rule 4.5, we enclose a copy of the 2020 Annual Report for Harvey Norman Holdings Limited, for your attention.
We would appreciate if this Annual Report be treated as having been lodged with ASIC pursuant to section 317 of the Corporations Act 2001.
We confirm that this Annual Report is the same as those to be sent to shareholders.
We expect to have the printed Annual Report for posting to shareholders on 14th October 2020.
If you have any queries, please do not hesitate to contact the writer.
This document was authorised to be provided to the ASX by the Board of Directors of Harvey Norman Holdings Limited.
Yours faithfully
Chris Mentis
Chief Financial Officer / Company Secretary
ANNUAL REPORT
Australia | Singapore | Ireland | Malaysia |
New Zealand | Slovenia | Northern Ireland | Croatia |
ANNUAL REPORT
Contents | |
Results for Announcement | 3 |
Chairman and CEO's Report | 4 |
Operating and Financial Review | 8 |
Directors' Report | 31 |
Remuneration Report | 36 |
Social and Environmental Sustainability | 64 |
Auditor's Independence Declaration | 74 |
Independent Auditor's Report | 75 |
Directors' Declaration | 81 |
Statement of Financial Position | 82 |
Income Statement | 83 |
Statement of Comprehensive Income | 84 |
Statement of Changes in Equity | 85 |
Statement of Cash Flows | 87 |
Notes to the Financial Statements | 88 |
Shareholder Information | 149 |
KEY DATES:
28 August 2020: Announcement of Full-Year Profit to 30 June 2020 & Announcement of Final 2020 Dividend | 12 October 2020: Record date for
Determining Entitlement to Final 2020 Dividend | 2 November 2020: Payment of Final 2020 Dividend | 25 November 2020 at 11:00am: Annual General
Meeting of Shareholders | 26 February 2021: Announcement of Half-Year Profit to 31 December 2020 & Announcement of Interim 2021 Dividend
| 1 April 2021: Record date for Determining Entitlement to Interim 2021 Dividend | 4 May 2021: Payment of Interim 2021 Dividend
COMPANY INFORMATION
Registered Office: A1 Richmond Road, Homebush West NSW 2140. Ph: 02 9201 6111 Fax: 02 9201 6250 | Share Registry: Boardroom Pty Limited, Level 12, 225 George Street, Sydney NSW 2000. Ph: 02 9290 9600 | Auditors: Ernst & Young (EY) | Securities Exchange Listing: Shares in Harvey Norman Holdings Limited (HVN) are quoted on the Australian Securities Exchange Limited (ASX) | Solicitors: Brown Wright Stein | Company Secretary: Mr. Chris Mentis
HARVEY NORMAN HOLDINGS LIMITED | ACN 003 237 545 | 2 |
RESULTS FOR ANNOUNCEMENT TO THE MARKET
HARVEY NORMAN® HOLDINGS LIMITED
REPORTED PBT | PBT | ||||
Excluding AASB 16 net impact and net property revaluations | |||||
$661.29m | $635.60m | ||||
$86.73m ( 15.1%) FROM $574.56m IN 2019 | $131.35m ( 26.0%) FROM $504.26m IN 2019 | ||||
REPORTED PROFIT AFTER TAX & NCI | PROFIT AFTER TAX & NCI | ||||
Excluding AASB 16 net impact and net property revaluations | |||||
$480.54m | $462.16m | ||||
$78.22m ( 19.4%) FROM $402.32m IN 2019 | $109.08m ( 30.9%) FROM $353.09m IN 2019 | ||||
EBITDA | EBITDA | ||||
Excluding AASB 16 net impact and net property revaluations | |||||
$944.67m | $742.47m | ||||
$256.07m ( 37.2%) FROM $688.60m IN 2019 | $124.18m ( 20.1%) FROM $618.30m IN 2019 | ||||
EBIT | EBIT | ||||
Excluding AASB 16 net impact and net property revaluations | |||||
$721.08m | $654.86m | ||||
$117.74m ( 19.5%) FROM $603.34m IN 2019 | $121.82m ( 22.9%) FROM $533.04m IN 2019 | ||||
NET DEBT TO EQUITY: NIL | |||||
UNUSED, AVAILABLE | |||||
NET CASH OF $15.35m vs NET DEBT OF $626.47m in FY19 | FINANCING FACILITIES OF | ||||
$685m | |||||
AN IMPROVEMENT OF $641.83m | |||||
AS AT 30 JUNE 2020 | |||||
TOTAL SYSTEM SALES REVENUE
$8.46 billion AGGREGATED HEADLINE FRANCHISEE SALES REVENUE* . $6.16bn COMPANY-OPERATEDSALES REVENUE . . . . . . . . . $2.29bn
* Sales made by franchisees in Australia do not form part of the financial results of the consolidated entity.
HNHL CONSOLIDATED REVENUES
$3.55 billion SALES OF PRODUCTS TO CUSTOMERS . . . . . . . . $2.29bn REVENUE RECEIVED FROM FRANCHISEES . . . . $1,055.87m
REVENUES AND OTHER INCOME ITEMS . . . . . . . $195.00m
BASIC EARNINGS PER SHARE | DIVIDENDS PER SHARE | ||||||
39.19c | (FULLY-FRANKED) | ||||||
from 33.94c in 2019 | 24.0c | ||||||
539 | FRANCHISED | 96 | |||||
FRANCHISEES | 194 IN AUSTRALIA | OFFSHORE COMPANY | |||||
IN AUSTRALIA | COMPLEXES | OPERATED STORES | |||||
HARVEY NORMAN HOLDINGS LIMITED | ANNUAL REPORT JUNE 2020 | 3 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Harvey Norman Holdings Ltd. published this content on 30 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2020 23:44:04 UTC