Financial Reporting

Review the Consolidated Statement of Profit and Loss, the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position and the Consolidated Statement of Cash Flows and the notes to the financial statements in the 2020 Woolworths annual report. Discuss the importance of the five items listed below in assessing the performance and position of the company. Your discussion should consider the interrelationship of the impact of these items among the financial statements.

(i) revenue

(ii) tax expense

(iii) leases

(iv) borrowings

(v) provisions

Reference link: https://www.woolworthsgroup.com.au/icms_docs/195794_annual-report-2020.pdf

Answers to be in the context of the Woolworths 2020 annual report

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