Woolworths annual report

	Gross Profit ($m)
2013	15,761.5
2014	16,477.6
2015	16,523.6
2016	15,598.8
2017	15,928.9
2018	16,709
2019	17,442

Requirement 1:

Examine the annual reports of Woolworths over the last seven years (2013 to 2019). Assuming that they underpaid staff by a total of $315 million and assuming that these underpayments were evenly spread over the seven year period from 2013 to 2019, calculate an adjusted gross profit and adjusted net profit figure for each of those seven years based on correct payment of their staff. Present the reported profit figures side by side with the adjusted profit figures in order to allow for easy comparison.

Requirement 2:

Consider the negative consequences to Woolworths of their behaviour. How has the company been made worse off as a result of underpaying their staff and to what extent? The more valid items you document, the better. Where applicable, provide references and calculations to support your claims.

Requirement 3:

Do not ignore the suggested reading list, but conduct your own research into the issue of employee pay. Citing examples, identify other demographic, social or cultural groups who have been unfairly compensated for the work they perform. How many people are affected? To what extent are they affected? Does this issue affect only unskilled, casual workers? Or does it also affect professionals and those on salaries?