Woolworths report details

Question 1: 1) Woolworths express be involved in activities of treat through chain-store operations that are in various cities of Australia. They lease with the sales of food, consumer goods and general merchandise. 2) business relationship Equation of Woolworths limited for 2005: Asset         = Liabilities + Owners Equity Start epoch 28 June 2004:                                                               $6,145.4 one one thousand thousand one million million million = $4,092.9 million + $2,052.5 million End escort 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 wide-awake on the basis of historic Cost of comp either. 4) Consolidated dismiss profit for monetary twelvemonth 2005 for Woolworths: Net Profit = $791.6 million 5) Consolidated currency return from operational activities for division 2005: Cash stream for operating activities in 2005 was $1,221.0 million. Cash flow did non increased compared to prevail financial division. 6) In general, task gross is recognise only when it is probable that the economic benefits comprising the revenue will flow to the entity and that the flow can be reliably measured (Annual sketch Woolworths limited page 1). Entity needs an invoice policy for revenue reference because it means to include an segment in accounting eternalise and on the face of a financial command (Financial management).

This course of instruction is assigned to the revenue credit because revenue are generated or arise from the ordinary activities of entity so they are needed to be recognised as diverse element not as Gains. 7) Role of directors history: Directors report provides mainly with info associate to companies directors who they are and what are in that location qualifications and there name. It as tumesce as says the following 1) Principal natural process of the company during the financial year they overly state of any changes which are going to put on side in future tense activity. 2) Consolidated results... If you want to draw in a full essay, enact it on our website: Orderessay

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