Refer to the full financial statements 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 2 Peruse the list of assets in the balance sheet and the related notes. How are the assets valued? Are there

‘assets’ that are left out that you would have expected to see?

3 How are the concepts of fair value and value in use used by Woolworths?

4 What stock exchange is Woolworths Limited listed on? How many shares are issued? Look up a newspaper or online to discover its share price.

5 List three accounting-related events that are likely to increase the company’s share price.

6 Are there any forms of incentive contracts in place for executives (see Woolworths’ web page)?

7 What skills and experience does Woolworths suggest Board members need? (see page 43 of the annual report)