Refer to the extracts of the 2014 annual report of Woolworths Limited in the book's appendix. All questions relate to the consolidated accounts.
1. Provide indicators that Woolworths uses accrual accounting.
2. What were total assets at 29 June 2014?
3. What were total liabilities at 29 June 2014?
4. What was shareholders' equity at 29 June 2014?
5. State the accounting equation in dollar figures at 29 June 2014.
6. What was the net profit before tax?
7. What was the net profit after tax?
8. What were the largest cash inflow and outflow relating to operating activities?
9. Give two reasons why the cash flow from operations is a different figure from operating profit after tax.

10. Did its total assets increase or decrease over the last year?
11. How much inventory (in dollars) did Woolworths have as at 29 June 2014?
12. On what date does Woolworths' most recent reporting year end?
13. For how many years does it present complete: 

a. Balance sheets?

b. Income statements? 

c. Cash flow statements?

14. Are its financial statements audited by an independent firm? Who is the auditor for the company?

Data from Appendix

 

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WOOLWORTHS LIMITED SUSTAINABILITY METRICS AND PROGRESS - PROGRESS AGAINST OBJECTIVES 1 Reduce carbon emissions from our buildings by 40% by 2015 (compared to projected growth levels) Energy efficient and low carbon technology delivered an 18.7% reduction in carbon emissions, compared to original projected growth levels for 2014 Sourcing electricity from renewable sources delivered a further 14.2% reduction in emissions 2 Achieve a 25% reduction in carbon emissions per square metre for new supermarkets New supermarkets built in 2014 have carbon emissions per square metre which are, on average, 25.1% lower than baseline stores 3 Zero food waste to landfill by 2015 (where receiving facilities are available) The volume of recoverable food waste in our waste stream reduced by 20%, from 77% to 57% Woolworths has diverted an estimated 40,000 tonnes of food waste from landfill and we continue to identify new solutions for food waste 4 Reduce amount of recyclable cardboard in the waste stream to less that 1% by weight Weight of recyclable cardboard in supermarkets rubbish bins was 0.96%