From its origins in 1914 as a Western Australian farmers' cooperative, Wesfarmers has grown into one of Australia's largest listed companies. Headquartered in Western Australia, its diverse business operations covers supermarkets and department stores; home improvement and office supplies; coal mining; insurance; chemicals, energy and fertilisers; and industrial and safety products. Wesfarmers is one of Australia's largest employers and has a shareholder base of approximately 500, 000.
Subsidiaries of Wesfarmers
Wesfarmers owns vast range of subsidiaries ranging from retail industry to insurance and chemicals and energy sectors all the below subsidiaries are 100 % owned and controlled by Wesfarmers Ltd otherwise the controlling interest percentage mentioned in case of partly owned, In November 2007 Wesfarmers took control over the Coles Group by purchasing Controlling interest for approximately $20 Billion Australian dollars which makes it the largest successful takeover in corporate history of Australia.
Subsidiaries of Wesfarmers in detail are as:
Coles Group Limited: Coles Ltd, BI-Lo Ltd, Liquorland Pty Ltd, Coles Express, Australian Liquor Group Ltd
Home Improvement and Office Supplies: Bunnings Ltd, Officeworks Ltd
Kmart: Kmart Australia Ltd, Kmart Tyre & Auto Service
Insurance: W F Broking (UK) Ltd, Lumley Australia Ltd, Lumley New Zealand Ltd from which Lumley Investment (NZ) Ltd and Lumley Life (NZ) Ltd has been sold during 2012 and Wesfarmers is no longer own any interest in these two Companies, OAMPAS Ltd in which OAMPAS Credit Ltd has been sold during 2012, Crombie lockwood NZ Ltd
Resources: Curragh Queensland Mining Pty Ltd
Chemicals, Energy & Fertilisers: CSBP Ltd, Queensland Nitrates (QNP), Australian Gold Reagents(AGR) 75% Owned , Australian Vinyls Corporation Pty Ltd, Kleenheat Gas Franchise Pty Ltd, CSBP fertilisers Pty Ltd, Premier Power sales Pty Ltd
Industrial and Safety: PT Blackwoods Indonesia Pty Ltd, Protector Alsafe Pty Ltd, Bullivants handling safety Pty Ltd, Coregas Pty Ltd,
BWP Management Ltd, CGNZ Finance Ltd, CMFL Services Ltd
Composition of Wesfarmers revenue in year for the year ended 30 June 2012
Composition of Wesfarmers revenue for the year ended 30 June 2012 was
|Subsidiary Companies of Wesfarmers |Revenue for the year ended 30 June 2012 | |Coles |$(m) 34,117 | |Home Improvement &Office Supplies |8,644 | |Kmart |4,055 | |Target |3,738 | |Insurance |1,915 | |Resources |2,132 | |Chemicals, Energy, fertilisers |1,786 | |Industrial& Safety |1,690 | |Other |3 | |Total (consolidated) |$(m) 58,080 |
Current tax assets and liabilities for the current and prior reporting periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted by the balance sheet date. Deferred income tax is provided on all temporary differences at the balance sheet date between the tax bases of assets and liabilities and their carrying...
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