JB Hi Fi : Appendix 4D and Financial Report - 2022 Half Year

For personal use only

Appendix 4D

Half-year financial report

For the half-year ended 31 December 2021

JB Hi-Fi Limited

ACN 093 220 136

This half-year financial report is provided to the Australian Securities Exchange (ASX) under ASX Listing Rule 4.2A.3.

use only

JB Hi-Fi Limited

ACN 093 220 136

Reporting period	Comparative period
Half-year ended 31 December 2021	Half-year ended 31 December 2020

Results for announcement to the market

		Percentage
		change		Amount
		%		$m
Revenue from ordinary activities	down	1.6%	to	4,861.8
Profit from ordinary activities after tax	down	9.4%	to	287.9
Net profit attributable to members of JB Hi-Fi Limited	down	9.4%	to	287.9

personal

Dividend information

Final dividend - year ended 30 June 2021

Interim dividend - year ended 30 June 2022

Record date for determining entitlements to the dividend:

• final dividend
• interim dividend

Dividend payment date:

• final dividend
• interim dividend

	Franked
Amount per	amount per
security	security
107.0¢	107.0¢
163.0¢	163.0¢
	27 August 2021
	24 February 2022
	10 September 2021
	11 March 2022

For

Net Tangible Assets Per Security

	31 Dec 2021	31 Dec 2020
	$	$
Net tangible assets per security	3.39	2.22

Other information

This report is based on the half-year consolidated financial statements which have been reviewed by Deloitte.

For a brief explanation of the figures above please refer to the Announcement on the results for the half-year ended 31 December 2021 and the notes to the financial statements.

For personal use only

JB Hi-Fi Limited

ACN 093 220 136

Half-year financial report

for the half-year 31 December 2021

For personal use only

JB Hi-Fi Limited Half-year financial report

for the half-year ended 31 December 2021

Contents

	Page
Directors' report	1
Auditor's independence declaration	2
Independent auditor's review report	3
Directors' declaration	5
Condensed consolidated statement of profit or loss	6
Condensed consolidated statement of profit or loss and other comprehensive income	7
Condensed consolidated balance sheet	8
Condensed consolidated statement of changes in equity	9
Condensed consolidated statement of cash flows	10
Notes to the condensed consolidated financial statements	11

This half-year financial report does not include all the notes of the type normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the annual report for the year ended 30 June 2021 and any public announcements made by JB Hi-Fi Limited during the half-year reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001.

JB Hi-Fi Limited Directors' report

For personal use only

Directors' report

The directors of JB Hi-Fi Limited ("the Company") submit herewith the half-year financial report of the consolidated entity consisting of the Company and the entities it controlled ("the Group") for the half-year ended 31 December 2021. In order to comply with the provisions of the Corporations Act 2001, the directors report as follows:

Directors

The following persons held office as directors of JB Hi-Fi Limited during and since the end of the financial period except as noted below:

Mr Stephen Goddard (Chairman)

Ms Beth Laughton

Mr Mark Powell

Ms Melanie Wilson

Mr Richard Uechtritz

Mr Geoff Roberts

Mr Terry Smart (From 27 August 2021)

Mr Nick Wells (From 27 August 2021)

Mr Richard Murray (Until 27 August 2021)

Review of operations

The Group's net profit attributable to owners of JB Hi-Fi Limited for the half-year was $287.9 million (2020: $317.7 million). A review of the operations of the Group during the half-year and the results of these operations are set out in the Announcement on the results for the half-year ended 31 December 2021.

During the half-year, as a result of the continuing strong cash position of the Group, the Group's term debt facilities were reduced from $138.0 million at 30 June 2021 to $30.0 million at 31 December 2021. The Group's trade finance facility and overdraft facilities remained unchanged at $229.3 million, resulting in total available facilities of $259.3 million at 31 December 2021.

Auditor's independence declaration

The auditor's independence declaration is included on page 2 of the half-year financial report.

Rounding off of amounts

The Company is a company of the kind referred to in ASIC Corporations (Rounding in Financial/Directors' Reports) Instrument 2016/191, dated 24 March 2016, and in accordance with that Corporations Instrument, amounts in the Directors' report and the half-year financial report are rounded off to the nearest hundred thousand dollars, unless otherwise indicated.

Signed in accordance with a resolution of directors made pursuant to s.306(3) of the Corporations Act 2001.

On behalf of the directors

Terry Smart

Group Chief Executive Officer

Melbourne,

14 February 2022

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