Refer to the extracts of the annual report of Woolworths Limited in the appendix at the back of the book. All questions relate to the consolidated accounts.
1. Is there any indication of the following in the accounts: 

a. Prepayments?
b. Unearned revenue? 

c. Accrued expenses? 

d. Accrued revenues?
2. Why would Woolworths Limited use 29 June 2014 (30 June 2013) rather than 30 June as the financial year-end?
3. What is the net book value for:
a. Freehold land, warehouses, retail and other properties? 

b. Plant and equipment?
4. Give examples from Woolworths' financial statements to indicate that it uses accrual accounting.
5. What is the depreciation for the year on plant and equipment and what is the balance of accumulated depreciation at year-end for plant and equipment?

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%