Financial Statement Analysis

Financial Report Highlights
Ć Sales of $23,799m represent a 5.5% increase over 2000 (Excl. WST and 53rd week in 2000)
Ć Retail Earning Before Interest and Tax fell by 29.1% to $586.3m
Ć Net profit after tax was reduced to $150.8m compared with $300.7m in 2000
Ć Annual ordinary dividend payment of 25.5cents per share (2000: 27.0 cents per share)
Financial Statement Analysis
Key Ratio | Liquidity
2001 2000
Current ratio



The current ratio for Coles Myer Group for the last two years maintained at the level of over 1:1. The figure in financial year 2001 shows a slight improve from 1.234:1 in 2000 to 1.325:1
Quick ratio



The group¡¦s quick ratio also shows an improvement from 0.25:1 in 2000 to 0.328:1 in 2001. Although the figure is still far away from the ratio of 1:1. This is still acceptable since inventory contributes the largest part of current assets in Coles Myer Group. This is a characteristic of retailing ind...