Refer to the full financial statements of Woolworths Limited in this book’s appendix. (Woolworth's limited 2017 annual report) All questions relate to the consolidated accounts.

1. Peruse the list of assets in the balance sheet and the related notes. How are the assets valued? Are there ‘assets’ that are left out that you would have expected to see?
2. How are the concepts of fair value and value in use used by Woolworths?
3. Woolworths Limited also includes a section in its reports titled ‘Doing the right thing’. Within this section of the report the management of Woolworths Limited suggests the firm is committed to ‘maximising the social, economic and environmental benefits of its business’. What measures of performance are provided to those stakeholders other than the shareholders and debt holders of the firm?
4. What stock exchange is Woolworths Limited listed on? How many shares are issued? Look up a newspaper or online to discover its share price.

Answer rating: 100% (QA)

1 The assets are valued at their fair value with the exception of inventories which are valued at th... View the full answer