Woolworths report details

Question 1: 1) Woolworths modified be involved in activities of sell through chain-store operations that are in divers(a) cities of Australia. They assume with the sales of food, consumer goods and general merchandise. 2) Accounting Equation of Woolworths limited for 2005: Asset         = Liabilities + Owners Equity Start time 28 June 2004:                                                               $6,145.4 star million million = $4,092.9 million + $2,052.5 million End pick up 26 June 2005: $8,957.9 million = $6,760.8 million + $2,197.1 million 3) The founding of bill for the Woolworths has been prepared on the basis of Historical Cost of comp whatever. 4) unify net profit for monetary form 2005 for Woolworths: Net net profit = $791.6 million 5) Consolidated cash return from operational activities for year 2005: Cash shine for operating activities in 2 005 was $1,221.0 million. Cash flow did non increased compared to last pecuniary year. 6) In general, tax receipts is recognise only when it is probable that the economic benefits comprising the revenue enhancement depart flow to the entity and that the flow can be reliably measurable (Annual sketch Woolworths limited page 1). Entity needs an story policy for revenue recognition because it means to include an piece in accounting record and on the face of a financial command (Financial management). This category is assigned to the revenue recognition because revenue are generated or arise from the ordinary activities of entity so they are needed to be recognised as different element not as Gains. 7) Role of directors report: Directors report provides chiefly with info related to companies directors who they are and what are thither qualifications and there name. It as well as says the following 1) Principal action of the company during the financial year they ove rly state of any changes which are going to ! take side in coming(prenominal) activity. 2) Consolidated results... If you want to get a full essay, lay it on our website: OrderEssay.net

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