Assignment 3Accounting in Organisations & Society
Instruction
Please use this link to access Woolworths Group’s annual reports for three years (2021,
2022, and 2023). Using information from the annual report and other reliable sources to
address the following questions.
Task I: Company overview
Within 200 words provide an overview of Woolworths Group, including the principal
activities of the Group and the accounting period.
Task 2: Understanding and evaluating financial statements and annual report
- From the given Annual Reports of the company, and using the formulas provided,
calculate, and complete the ratio table A1 below. - Analyze the ‘profitability’, and “efficiency” of the company for the relevant years.
Consider industry averages when formulating your analysis. - If you were contemplating an investment in this company, identify other non-financial
information including sustainability factors that would assist your investment decision and
explain why this information is essential to you. - Who were the independent auditors for Woolworths in their 2023 annual report and what
opinion did they provide on the financial statements? As a shareholder of Woolworths,
how important is the auditor’s report to you?
