Refer to the 2021 annual report of Woolworths Limited in this book’s appendix.

All questions relate to the consolidated accounts.

1 Find each of the following and indicate the page:

a summary data on the company’s performance b a letter to shareholders from the company’s chairperson of the board of directors or managing director c management discussion and analysis d a corporate governance statement e the directors’ statement f the auditor’s report g the directors’ declaration h the five-year summary.

2 Who is the auditor?
3 What are the main items covered in the auditor’s report?
4 What are the main items covered in the directors’ statement?
5 What are the main items addressed in the corporate governance statement?
6 What risk-management policies are discussed?
7 What does the company say about corporate ethical standards?
8 Identify two different groups of users of financial statements of Woolworths Limited.
a What decisions do they make based on corporate financial statements?
b What specific components of the Woolworths Limited financial statements would they be most interested in?
9 Are there any references to internal control by Woolworths Limited?