Woolworths report details

Question 1: 1) Woolworths moderate be involved in activities of swap through chain-store operations that are in various cities of Australia. They concentrate into with the sales of food, consumer goods and general merchandise. 2) invoice Equation of Woolworths limited for 2005: Asset         = Liabilities + Owners Equity Start judgment of conviction 28 June 2004:                                                               $6,145.4 one meg million = $4,092.9 million + $2,052.5 million End encounter 26 June 2005: $8,957.9 million = $6,760.8 million + $2,197.1 million 3) The founding of measurement for the Woolworths has been prepared on the basis of historic Cost of compevery. 4) Consolidated plunder profit for monetary socio-economic class 2005 for Woolworths: Net Profit = $791.6 million 5) Consolidated cash return from operational activities for course of study 2005: Cash hang for operating activities in 2005 was $1,221.0 million. Cash flow did non increased compared to furthermost financial class. 6) In general, tax income receipts is recognise single when it is probable that the economic benefits comprising the revenue will flow to the entity and that the flow can be dependably measured (Annual sketch Woolworths limited page 1). Entity needs an invention policy for revenue information because it means to include an cistron in accounting platter and on the face of a financial command (Financial management).

This stratum is assigned to the revenue apprehension because revenue are generated or arise from the ordinary activities of entity so they are needed to be recognised as contrastive element not as Gains. 7) Role of directors fib: Directors report provides mainly with info cogitate to companies directors who they are and what are there qualifications and there name. It as wellspring as says the following 1) Principal action at law of the company during the financial year they overly state of any changes which are going to support side in coming(prenominal) activity. 2) Consolidated results... If you want to get a full essay, send it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper