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BAC202 ASX Corporate Governance Principles and Recommendation

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Cost Accounting (BAC202)

   

Added on  2020-02-24

BAC202 ASX Corporate Governance Principles and Recommendation

   

Cost Accounting (BAC202)

   Added on 2020-02-24

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WesfarmersInvestment Analysis[Type the abstract of the document here. The abstract is typically a short summary of the contentsof the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.]
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ContentsIntroduction...........................................................................................................................................1History...............................................................................................................................................1Products / Services............................................................................................................................1Directors............................................................................................................................................2Dividend Policy..................................................................................................................................2Environmental impact and policy......................................................................................................3Market Performance.........................................................................................................................3Returns Analysis....................................................................................................................................3Current and Recent Developments.......................................................................................................5Competitive Pressures.......................................................................................................................6Legislative Changes............................................................................................................................6International Events..........................................................................................................................6Management and Ownership Changes..............................................................................................6Major Suppliers and Customers.........................................................................................................6Investment Recommendation...............................................................................................................7Bibliography...........................................................................................................................................7IntroductionWesfarmers Limited is a conglomerate with presence in many business areas which include supermarkets, department stores, home improvement, office supplies, liquor, convenience stores, industrial safety products, chemicals, fertilisers and coal. It is an Australian company with its headquarters in Western Australia. The company has a shareholder base of 530000 and employs around 22000 employees [CITATION Wes17 \l 16393 ].HistoryWesfarmers was founded in 1914 as a Western Australia’s Cooperative. The first chairman ofthe company was Deane Hammond. The company became a publicly listed company in the year 1984 and acquired 100% share of CSBP in 1986. The company acquired 100% of
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Bunnings shares in 1994 and opened its first Bunnings store in the same year. In the 1990’s and 2000’s Wesfarmers made many acquisitions in the fertilizers and coal business. One of the most important acquisitions was in 2007 of Coles. The company has also undertaken divestments to focus on profitable businesses where it divested the Insurance broking business in 2014. The industrials division was formed in 2015 with the acquisition of 13.7% in Quadrant Energy. The department stores division was founded in 2016.Products / ServicesThe company carries out its business activities through various brands in each business area. The details of its products and services are:a) Coles – Coles operates supermarkets which provide fresh food, groceries, liquor, general merchandise and financial services. The company serves the people of Australia through a network of 780 supermarkets and is also present online. The different brands of Coles includeColes online, Coles Liquor, Coles Express, Coles Financial Services and Spirit Hotels.b) Home Improvement – The home improvement is operated through Bunnings retails products for consumer and commercial use. The company provides home improvement and outdoor products and supplies its products to builders and the housing industry. The companyhas 357 trading centres out of which 248 are warehouses and the rest are small format stores and trading centres. The company has its centres in Australia and New Zealand. The company went international in 2016 by acquiring Homebase to make its presence in UK and Ireland.c) Department stores – the company operates department stores through its major brands Kmart and Target based in Australia and New Zealand. Kmart offers general merchandise and apparel at low prices through its network of 200 stores. A division of Kmart known as Kmart Tyre and Auto Service provides automotive and repair service. Target offers general merchandise, apparel and home wares through 300 stores.d) Officeworks – Office works is a supplier of office based products and offers solutions for home, business and education. The company has its stores in Australia and offers its services through stores and online.e) Industrials – this segment includes three business areas which are chemicals, energy and fertilisers; Industrial safety products and Resources. Wesfarmers chemicals, energy and fertilisers business operates through its brand CSBP, Australian Vinyl’s, Australian Gold
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