Myer Holdings Limited
ABN 14 119 085 602
Level 7
800 Collins Street
DOCKLANDS VIC 3008
13 September 2012
Company Announcements Platform
Australian Securities Exchange
CORRECTION - APPENDIX 4EMyer Holdings Limited (MYR) lodged an Appendix 4E this morning.
Please note that on page 42, under Note 27(b) (Lease commitments: Group as lessee), in the 2012 column, the commitments for minimum lease payments in relation to
non-cancellable operating leases were incorrect.
Revised disclosure is set out below.
Original disclosure included in Preliminary Final Report lodged with ASX Revised Disclosure2012 2012
$'000 $'000
Within one year 201,016 201,016
Later than one year but not later than five years 684,540 700,046
Later than five years 2,046,657 1,825,835
2,932,213 2,726,897A revised page 42 reflecting the correct figures is attached.
For further information please contact:
Davina Gunn, Myer Investor Relations Manager, + 61 (0) 400 896 809
Myer Holdings Limited Notes to financial statements28 July 2012 (continued)
26 Contingencies Contingent liabilitiesThe Group had contingent liabilities at 28 July 2012 in respect of:
Guarantees
For information about guarantees given by entities within the
Group, including the parent entity, please refer to notes 30
and 33.
While the amount and timing of any contingencies are
uncertain, no material losses are anticipated in respect of
the above contingent liabilities.
Capital expenditure contracted for at the end of the reporting period but not recognised as liabilities is as follows:
Property, plant, equipment and software
Payable:
Within one year
Later than one year but not later than five years
Later than five years
Operating leases
Consolidated 2012 2011 $'000 $'000 7,481 13,613 - - - - 7,481 13,613
The Group leases the majority of its stores and warehouses
under non-cancellable operating leases expiring within 1 to
30 years. The leases have varying terms, escalation clauses
and renewal rights. On renewal, the terms of the leases are
renegotiated.
Commitments for minimum lease payments in relation to
non-cancellable operating leases are payable as follows:
Within one year
Later than one year but not later than five years
Later than five years
Not included in the above commitments are contingent rental
payments that may arise in the event that sales made by
certain leased stores exceed a pre-determined amount. The
contingent rentals payable as a percentage of sales revenue
and the relevant thresholds vary from lease to lease.
The parent entity within the Group is Myer Holdings Limited, a listed public company, incorporated in Australia.
(b) SubsidiariesInterests in subsidiaries are set out in note 29.
(c) Key Management PersonnelDisclosures relating to Key Management Personnel are set out in note 24.
(d) Transactions with other related parties
There were no transactions with other related parties during
the current period.
42 Myer Holdings Limited
distributed by |