1. Using the financial statements provided, select two revenue and two

expense item from the Statement of Profit or Loss and Other Comprehensive Income, two

asset and two liability items and one item from the equity section of the Statement of

Financial Position.

For the nine selected items:

1. Identify the key assertion(s) at risk in relation to the balances described for each of

these nine selected items in the financial report.

2. Describe the audit procedure(s) you would perform to gather sufficient appropriate

audit evidence on each of these assertions to ascertain the fairness of the value of

each of these nine items stated in the financial report.

STATEMENT OF COMPREHENSIVE INCOME For the year ended 30 April 2020 Notes FY20 $m FY19 Sm 2 13,025.4 (11,712.7) 1,312.7 12,660.3 (11,382.6 1,277.7 wwwww Sales revenue Cost of sales Gross profit Other income Employee benefit expenses Depreciation and amortisation Lease expenses Provisions for impairment, net of reversals Other expenses Finance costs, net Significant items Profit before income tax Income tax expense Net (Loss)/profit for the year Other comprehensive income/(Loss) for the year, net of tax Total comprehensive (loss)/income for the year Net (Loss)/profit for the year is attributable to Equity holders of the parent Non-controlling interests 30.9 (651.4) (1572) (73.0) (283) (98.8 (52.0) (268.5 14.4 97.1 (639.7) (56.4 (247.0 (15.9) (85.8) (28.9) 25.0) 276.1 3 3 4 (69.6) (55.2) (81.0 195.1 0.7 (54.5) (1.3) 193.8 (56.8) 1.6 (55.2) 192.8 2.3 195.1 Total comprehensive (loss)/income for the year is attributable to: Equity holders of the parent Non-controlling interests (56.1) 1.6 (54.5) 191.5 2.3 193.8 STATEMENT OF FINANCIAL POSITION As at 30 April 2020 Notes FY20 $m FY19 $m 142.6 1,493.2 275.1 1,578.2 55.6 1,032.2 11.4 1.5 2,954.0 779.3 114 0.4 2,426.9 16.1 25.7 237.1 ASSETS Current assets Cash and cash equivalents Trade receivables and loans Lease receivables Inventories Assets held for sale Other financial assets Total current assets Non-current assets Trade receivables and loans Lease receivables Equity-accounted investments Net deferred tax assets Property, plant and equipment Right-of-use assets Intangible assets Total non-current assets TOTAL ASSETS LIABILITIES Current liabilities Trade and other payables Interest bearing borrowings Lease liabilities Provisions Income tax payable Other financial liabilities Total current liabilities OOO 77.6 87.7 116.6 225.8 7 10 120.0 214.0 485.4 581.8 1,741.6 793.5 1,239.7 4,695.6 3,666.6 2,064.1 1,967.7 1.9 11 7 12 173.4 116.3 1.7 7.2 2,362.7 123.9 13.6 6.7 2,113.8 183.6 11 7 12 Non-current liabilities Interest bearing borrowings Lease liabilities Provisions Other financial liabilities Total non-current liabilities TOTAL LIABILITIES NET ASSETS 188.4 712.7 58.1 2.1 961.3 115.9 3.2 302.7 3,324.0 1,371.6 2,416.5 1,250.1 13 EQUITY Contributed equity Retained earnings Other reserves Parent interest Non-controlling interests TOTAL EQUITY 13 853.5 505.5 (2.3) 1,356.7 14.9 1,371.6 559.2 682.1 (0.8) 1,240.5 9.6 1,250.1