WANDSWORTH LIMITED provides the following information for consideration in the preparation

of its 30 June 2021 financial report:

RESOURCES AND CLAIMS AT THE REPORTING DATE

DESCRIPTION $ millions

Accumulated amortisation and impairment ............................................................................... 1,543

Accumulated depreciation and impairment of nonleased assets .............................................. 5,778

Allowance for expected losses from credit customers ..................................................................... 37

Amount owing to Tax Office relating to GST (Goods & Services Tax) ............................................. 246

Amount owing to Tax Office relating to income tax ....................................................................... 702

Amounts for expenses consumed but not yet paid ........................................................................ 679

Amounts overdrawn on bank accounts .......................................................................................... 187

Amounts owing from credit card institutions ................................................................................ 516

Amounts owing from credit customers (45day terms) .............................................................. 3,524

Amounts owing from volume rebates in relation to inventory purchases .................................. 1,113

Amounts owing to suppliers of inventory (60day terms) ........................................................... 2,593

Amounts recognised for employee entitlements expected to be settled before 30 June 2022 ..... 342

Amounts recognised for employee entitlements expected to be settled beyond 30 June 2022 ..... 22

Amounts recognised for restructuring costs expected to be settled beyond 30 June 2022 ............. 70

Carrying amount of finished goods whose cost is less than expected net realisable value ......... 3,816

Carrying amount of finished goods whose expected net realisable value is less than cost ............ 104

Carrying amount of leased plant and equipment ............................................................................. 46

Carrying amount of leased property ........................................................................................... 5,092

Cash at bank and on hand ........................................................................................................... 2,870

Computer software ..................................................................................................................... 2,147

Expenses paid but not consumed .................................................................................................. 613

Equity investments in other companies expected to be held beyond 30 June 2022 ...................... 201

Goodwill ......................................................................................................................................... 526

Interest earned but not received ..................................................................................................... 41

Land and buildings at fair value .................................................................................................. 4,029

Liquor and other operating licences................................................................................................. 25

Longterm cash deposits with maturity dates beyond 30 June 2022 ............................................... 27

Noncurrent assets whose carrying amount is expected to be recovered from disposal ............... 161

Plant and equipment at cost ....................................................................................................... 8,378

Principal owing on commercial bills due on 30 September 2022 ................................................... 145

Principal owing on leased assets due by 30 June 2022 ............................................................... 1,303

Principal owing on leased assets due beyond 30 June 2022 ..................................................... 13,607

Principal owing on loans due by 30 June 2022 ............................................................................... 696

Principal owing on loans due beyond 30 June 2022 .................................................................... 1,959

Properties held for investment purposes (at fair value) ............................................................ 32,152

Revenue received but not yet earned ............................................................................................ 961

Shortterm highlyliquid money market deposits .......................................................................... 262

EQUITY BALANCES AT 30 JUNE 2020

DESCRIPTION $ millions

Contributed equity ...................................................................................................................... 5,522

Reserves ...................................................................................................................................... 2,034

Retained earnings ..................................................................................................................... 23,791

EQUITYRELATED INFLOWS DURING THE PERIOD

DESCRIPTION $ millions

Cash and credit services to customers ........................................................................................ 277

Cash sales of products to customers (including credit card transactions) .............................. 22,949

Credit sales of products to customers ...................................................................................... 7,802

Dividends from investments ......................................................................................................... 15

Gains from noncurrent asset disposals ...................................................................................... 609

Interest earned from investments .............................................................................................. 347

Investments from shareholders ............................................................................................... 1,657

Rental income .......................................................................................................................... 3,459

Unrealised gains from increases in market value of properties .................................................. 134

EQUITYRELATED OUTFLOWS DURING THE PERIOD

DESCRIPTION $ millions

Administrative and occupancy costs ........................................................................................ 3,826

Contributions to employee superannuation fund ....................................................................... 166

Distributions to shareholders ................................................................................................... 3,225

Estimates of benefits consumed through use of noncurrent assets during the period

Buildings ............................................................................................................................ 852

Computer software ............................................................................................................ 198

Licences ............................................................................................................................... 18

Plant & equipment ............................................................................................................. 550

Rightofuse assets ............................................................................................................. 618

Write downs of noncurrent assets to recoverable amounts ......................................... 1,176

Government impost on profits ................................................................................................. 1,753

Interest on bank loans ................................................................................................................ 178

Interest on lease liabilities .......................................................................................................... 406

Marketing and distribution costs ............................................................................................. 2,049

Other costs associated with obtaining finance.............................................................................. 14

Payroll tax ................................................................................................................................... 124

Wages, salaries and other employee entitlements .................................................................. 3,085

Weighted average cost assigned to inventory sold to customers .......................................... 15,553

Workers' compensation insurance ................................................................................................ 32

SOURCES OF CASH INFLOW $ millions

Contributed equity ................................................................................................................... 1,657

Customers from the current period ....................................................................................... 29,278

Distributions from equity investments ........................................................................................ 101

Maturity of cash investments ..................................................................................................... 291

Receivables outstanding from the previous period .................................................................. 7,419

Revenue from interestbearing financial assets ............................................................................ 81

Unearned revenue ...................................................................................................................... 961

TOTAL RECEIPTS .................................................................................................................... 39,788

APPLICATIONS OF CASH OUTFLOW $ millions

Employee leave entitlements ...................................................................................................... 319

Interest on lease liabilities .......................................................................................................... 198

Interest on loans ......................................................................................................................... 405

Interest on commercial bills ............................................................................................................ 7

Inventory suppliers ................................................................................................................ 14,888

Lease payments excluding interest .......................................................................................... 1,248

Loan payments excluding interest ........................................................................................... 5,298

Net GST (Goods & Services Tax) disbursed to Tax Office ............................................................ 655

Noninventory suppliers ........................................................................................................... 6,214

Tax instalments for the current period .................................................................................... 1,169

Tax owing from previous period ................................................................................................. 120

Plant and equipment purchases ............................................................................................... 1,454

Profit distributions to shareholders ......................................................................................... 3,225

Shares in other companies .......................................................................................................... 207

Wages, salaries and other oncosts .......................................................................................... 3,295

TOTAL PAYMENTS ................................................................................................................. 38,702

NET CASH INFLOW / (OUTFLOW) ......................................................................................... 1,086

QUESTION 1A

Referring to the information provided, complete the following Statement of Comprehensive Income for WANDSWORTH LIMITED that would be included in the 30 June 2021 Financial Report.

QUESTION 1B

Referring to the information provided, complete the following Statement of Financial Position for WANDSWORTH LIMITED that would be included in the 30 June 2021 Financial Report.

QUESTION 1C

Referring to the information provided, complete the following Statement of Cash Flows for WANDSWORTH LIMITED that would be included in the 30 June 2021 Financial Report.