The 2017 statement of profit or loss (referred to as consolidated income statement) for Wesfarmers is provided below.

Required
Using the above information, answer the following questions.
(a) Give an example of an expense that would be included in each of the Wesfarmers expense categories.
(b) Calculate EBITDA for Wesfarmers.
(c) Explain the purpose of EBIT and EBITDA.
(d) What are the items of other comprehensive income?

Transcribed Image Text:

WESFARMERS Consolidated income statement for the year ended 30 June 2017 Revenue Expenses Raw materials and inventory Employee benefits expense Freight and other related expenses Occupancy-related expenses Depreciation and amortization Impairment expenses Other expenses Total expenses Other income Share of net profits of associates and joint venture Earnings before interest and income tax expense (EBIT) Finance costs Profit before income tax Income tax expense Profit attributable to members of the parent Earnings per share attributable to ordinary equity holders of the parent Basic earnings per share Diluted earnings per share Note 1 2 2222 1 18 2 3 13 2017 $m 68 444 (46 359) (9 132) (1 096) (3 229) (1 266) (49) (3 346) (64 477) 288 147 4402 (264) 4138 (1 265) 2873 254.7 254.2 2016 $m 65 981 (45 525) (8 847) (1 078) (2 959) (1296) (2172) (3 107) (64 984) 235 114 1346 (308) 1 038 (631) 407 36.2 36.2