If you're looking for the perfect solution to ace your ACCY111 course, then look no further! Our tutorial solutions provide you with the best, most comprehensive, and detailed answers to all of your coursework questions. With our help, you can easily understand the concepts and apply them to your c...
Selected corporation is Woolworths with its annual report prepared for the financial year ended
30 June 2018.
a) The economic bottom line:
The company financial position (referred to the Consolidated Balance Sheet as at 31
December 2018):
Total assets $23,558 million equal total liabilities $12,709 million plus total equity
$10,849 million
This equation illustrates that debt-to-assets ratio were approximately 53.95%
(12,709/10849), while equity-to-assets ratio were around 46.05% meaning that
Woolworths main funding source in 2018 were focusing more on debt.
(Source: Annual Report 2018, p. 64)
b) The profits for the year ended December 31, 2018
The profit (referred to as ‘profit for the year’ in the Consolidated Income Statement) amounted to
1,753 million
(Source: Annual Report 2018, p. 63)
c) Performance related to people and planet in 2018
Planet:
Carbon emissions decline 13% below 2015 levels
Solar power generation: create 2,211 MW solar power
Plastic removed from fruit and vegetable packing: 180t
All stores in the Group across Australia and New Zealand will no longer sell plastic
straws by the end of 2018 – saving 134 million plastic straws from going into circulation
each year.
Responding to climate change: Reduce Woolworths Group’s carbon emissions to 10 per
cent below 2015 levels.
Improve the recyclability of our own brand packaging and contribute to the circular
economy
. Innovate with natural refrigerants and reduce refrigerant leakage in our stores by 15 per
cent of CO2-e below 2015 levels
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lntn. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.48. You're not tied to anything after your purchase.
