Clive peeters braybrook

HOLDINGS LIMITED

2012 A N N U A L R E P O R T

COMPANY INFORMATION

1

ANNUAL REPORT

YEAR ENDED 30 JUNE 2012

Company Information

Registered Office

A1 Richmond Road

Homebush West NSW 2140

Ph: 02 9201 6111

Fax: 02 9201 6250

Company Secretary Mr Chris Mentis

Share Registry Boardroom Pty Limited

Level 7, 207 Kent Street

Sydney NSW 2000

Ph: 02 9290 9600

Stock Exchange

Listing

Harvey Norman Holdings Limited shares are quoted on the

Australian Securities Exchange Limited (“ASX”)

Bankers Australia and New Zealand Banking Group Limited

Auditors Ernst & Young

Solicitors Brown Wright Stein

Key Dates

31 August 2012 Announcement of Full Year Profit to 30 June 2012

Announcement of Final 2012 Dividend

2 November 2012 Record date for determining entitlement to Final 2012 Dividend

27 November 2012 Annual General Meeting of Shareholders

The Annual General Meeting of the Shareholders of Harvey

Norman Holdings Limited will be held at Tattersalls

181 Elizabeth Street, Sydney, at 11:00am

3 December 2012 Payment of Final 2012 Dividend

28 February 2013 Announcement of Half-Year Profit to 31 December 2012

Announcement of Interim 2013 Dividend

12 April 2013 Record date for determining entitlement to Interim 2013 Dividend

6 May 2013 Payment of Interim 2013 Dividend

ABN 54 003 237 545

2

Contents

Company Information 1

Contents 2

Financial Highlights 3

Chairman‟s Report 4

Directors‟ Report 14

Remuneration Report 19

Corporate Governance Statement 33

Statement of Financial Position 42

Income Statement 43

Statement of Comprehensive Income 44

Statement of Changes in Equity 45

Statement of Cash Flows 47

Operating Segments 49

Statement of Significant Accounting Policies 56

Notes to and forming part of the Financial Statements for the

Year Ended 30 June 2012

75

Directors‟ Declaration 137

Independent Audit Report 138

Shareholder Information 140

Directory of Harvey Norman, Domayne and Joyce Mayne

Shopping Complexes

141

FINANCIAL HIGHLIGHTS

3

Financial Highlights FY2008 FY2009 FY2010 FY2011 FY2012

No. of franchised complexes in Australia1

194

195

194

195

213

No. of franchisees in Australia

604

635

637

667

702

No. of company-operated stores2

66

69

70

96

76

Franchisee sales revenue1

$4.86bn

$5.06bn

$5.19bn

$5.08bn

$4.83bn

Company-operated sales revenue2

$1,428.85m

$1,440.65m

$1,344.46m

$1,556.38m

$1,407.34m

Other revenues and other income items

$1,058.16m

$1,035.10m

$1,097.39m