ACCY801: Accounting & Financial Management- Business Report Writing Assignment
Download a copy of the 2016 Annual Report of Woolworths Limited from the Moodle site. Using the Annual Report and other relevant information on the company, prepare a report that addresses the following:
a) Provide a brief summary of the company. Include details such as industry sector, primary activities, recent performance .
b) Prepare a table that outlines details of the Board of Directors. Include items such as name, gender, age, education, career history, remuneration, and any other details you think are important or interesting. Please do not cut and paste from the annual report.
c) Provide a brief assessment on the characteristics of the Board, considering the information stated in requirement (b) above and other relevant factors such as composition of the board, board expertise, etc.
d) List any important investment or financing decisions made by Woolworths Ltd during the year.
e) Woolworths Limited follows the corporate governance recommendations of the Australian Stock Exchange (ASX) Corporate Governance Council (CGC) and has several policies in place to support its corporate conduct. Outline the key recommendations of the ASX CGC in table format .
f) The external audit function is also discussed throughout ASX corporate governance recommendations. Identify the company’s audit firm; specify what auditor’s state in relation to the accounting information and their independence; and the amount of auditors’ remuneration. (200 words maximum).
g) List some key measures taken by the Woolworths Limited to ensure that its business operations have incorporated high level of ethics and ethical judgments.
h) Five of Woolworths’ investors hold over 40% of the issued capital of the company. Who are these five investors? What is the significance of their ownership stake in Woolworths?
i) Analyse the financial statements of Woolworths Limited for 2016 using ratios and comment on the following aspects of the company (show formulas and calculations in the appendix and only use the ratios for comments in the body of the report):
V. Market value
VI. Cash flow management
(600 words maximum).