Credit Suisse analyst Grant Saligari questioned whether there was room for three discount department stores and said it could cost Woolworths $ 1 billion to close BIG W, given
large lease liabilities, testing the strength of its balance sheet.
Not exact matches
Apart from $ 10.2 billion in total debt, which includes $ 428 million in off - balance sheet operating
leases, the
largest adjustment to shareholder value was $ 1.7 billion in deferred tax
liabilities.
Wesfarmers has one of the
largest off - balance sheet
lease liabilities in Australia (about $ 15 billion) due to its 3500 Coles supermarkets, Bunnings, Officeworks, Target and Kmart stores.