Harvey Norman : HVN Appendix 4E FY21

	APPENDIX 4E
	Y E A R - E N D R E P O R T
	J U N E
	2 0 2 1
BRENDEN HALL		ISABELLA NICHOLS
Paralympian		WSL Surfer

ARIARNE TITMUS

Australian Olympic

Gold Medalist

Tokyo 2020 Olympics

HARVEY NORMAN®

BRAND AMBASSADOR

Australia	Singapore	Ireland	Malaysia
New Zealand	Slovenia	Northern Ireland	Croatia

2021 APPENDIX 4E YEAR-END REPORT

31 August 2021 Announcement of Full-YearProfit to 30 June 2021 & Announcement of Final 2021 Dividend

18 October 2021

Record Date for Determining Entitlement to Final 2021 Dividend

15 November 2021

Payment of Final 2021

Dividend

24 November 2021 at 11:00am

Annual General Meeting of

Shareholders

25 February 2022 Announcement of Half-YearProfit to 31 December 2021 & Announcement of Interim 2022 Dividend

1 April 2022

Record Date for Determining Entitlement to Interim Dividend

3 May 2022

Payment of Interim 2022 Dividend

Contents

Results for Announcement	5
to the Market
Chairman and CEO's	6
Report
Operating and Financial	8
Review
Directors' Report	29
Statement of Financial	34
Position
Income Statement	35
Statement of	36
Comprehensive Income
Statement of Changes	37
in Equity
Statement of Cash Flows	39
Notes to the Financial	40
Statements
Other Information	61

Company Info

Registered Office

A1 Richmond Road,

Homebush West NSW 2140

Ph: 02 9201 6111

Fax: [phone]

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

HOLDINGS LIMITED | ACN 003 237 545

2

HOLDINGS LIMITED | ACN 003 237 545

2021 RESULTS

EBITDA

$1.457 billion

Increase of $512.46 million from FY20

Reported PBT

$1.183 billion

Increase of $521.24 million from FY20

Income Tax Expense

$336 million

Increase of $160.42 million from FY20

SYSTEM SALES REVENUE

Total System Sales Revenue

$9.721 billion

Increase of $1.263 billion from FY20

APPENDIX 4E 30 JUNE 2021

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APPENDIX 4E 30 JUNE 2021

4

RESULTS FOR ANNOUNCEMENT TO THE MARKET

HARVEY NORMAN HOLDINGS LIMITED (HNHL)

EBITDA

EBITDA

Excluding AASB 16 net impact and net property revaluations

$1.457bn

UP

54.2%

$1.147bn

UP

BY

BY 54.4%

FROM $944.67m in FY20

FROM $742.47m in FY20

EBIT

EBIT

Excluding AASB 16 net impact and net property revaluations

$1.233bn

UP

71.0%

$1.059bn

UP

61.7%

BY

BY

FROM $721.08m in FY20

FROM $654.86m in FY20

REPORTED PBT

PBT

Excluding net property revaluations

$1.183bn

UP

78.8%

$1.042bn

UP

66.4%

BY

BY

FROM $661.29m in FY20

FROM $626.33m in FY20

REPORTED PROFIT AFTER TAX & NCI

PROFIT AFTER TAX & NCI

Excluding net property revaluations

$841.41m

UP

75.1%

$743.12m

UP

63.0%

BY

BY

FROM $480.54m in FY20

FROM $456.00m in FY20

NET DEBT TO EQUITY: 7.47%

UNUSED, AVAILABLE

NET DEBT OF $295.54m vs NET CASH OF $15.35m in FY20

FINANCING FACILITIES OF

$193.96m

TOTAL SYSTEM SALES REVENUE

$9.721 billion

AGGREGATED HEADLINE FRANCHISEE SALES REVENUE*...$6.952bn

COMPANY-OPERATED SALES REVENUE……...………….……$2.768bn

*Sales made by franchisees in Australia do not form part of the financial results of the consolidated entity.

HNHL CONSOLIDATED REVENUES

$4.439 billion

SALES OF PRODUCTS TO CUSTOMERS…………….....…...$2.768bn

REVENUE RECEIVED FROM FRANCHISEES…...…….……...$1.346bn

REVENUES AND OTHER INCOME ITEMS…...………....…... $0.325bn

NET ASSETS

BASIC EARNINGS PER SHARE

DIVIDENDS PER SHARE

REPORTED PBT

$3.893 billion

67.53c

(FULLY FRANKED)

35.0c

12.0% from $3.477bn at Jun-20

from 39.19c in FY20

$643.91m

from 24.0c in FY20

$342.76m (

113.8%) from $301.15m in 1H20

FRANCHISEES

FRANCHISED

OFFSHORE COMPANY

COMPLEXES

539 IN AUSTRALIA

192

IN

107 OPERATED STORES

AUSTRALIA

REPORTED

PROFIT AFTER TAX & NCI

APPENDIX 4E 30 JUNE 2021

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