Current assets Cash and cash equivalents Trade and other receivables Inventories Other financial assets Other current assets Assets held for sale Total current assets Non-current assets Trade and other receivables Other financial assets Lease assets Property, plant and equipment Intangible assets Deferred tax assets Other non-current assets Total non-current assets Total assets Current liabilities Trade and other payables Lease liabilities Borrowings Current tax payable Other financial liabilities Provisions Total current liabilities Non-current liabilities Lease liabilities Borrowings Other financial liabilities Deferred tax liabilities Provisions Other non-current liabilities Total non-current liabilities Total liabilities Net assets Equity Contributed equity Reserves Retained earnings Equity attributable to equity holders of the parent entity Non-controlling interests Total equity NOTE 3.1 3.2 5.2 3.1 3.2 3.3.1 3.4 3.5 3.7.3 3.8 3.3.2 4.6.3 3.2 3.9 3.3.2 4.6.3 3.2 3.7.3 3.9 3.10 4.3 4.4 5.3.3 2020 SM 2,068 740 4,434 534 16 7,792 333 8,125 154 168 12,062 8,742 7,717 1,327 177 30,347 38,472 7,508 1,560 2,027 131 84 1,881 13,191 13,168 1,904 3 204 918 52 16,249 29,440 9,032 6,022 391 2,329 8,742 290 9,032 RESTATED 2019 SM 1,066 682 4,280 45 6,073 225 6,298 145 633 8,252 7,793 736 59 17,618 23,916 6,676 274 84 58 1,793 8,885 2,855 24 345 986 337 4,547 13,432 10,484 5,828 490 3,783 10,101 383 10,484
Current assets Cash and cash equivalents Trade and other receivables Inventories Other financial assets Other current assets Assets held for sale Total current assets Non-current assets Trade and other receivables Other financial assets Lease assets Property, plant and equipment Intangible assets Deferred tax assets Other non-current assets Total non-current assets Total assets Current liabilities Trade and other payables Lease liabilities Borrowings Current tax payable Other financial liabilities Provisions Total current liabilities Non-current liabilities Lease liabilities Borrowings Other financial liabilities Deferred tax liabilities Provisions Other non-current liabilities Total non-current liabilities Total liabilities Net assets Equity Contributed equity Reserves Retained earnings Equity attributable to equity holders of the parent entity Non-controlling interests Total equity NOTE 3.1 3.2 5.2 3.1 3.2 3.3.1 3.4 3.5 3.7.3 3.8 3.3.2 4.6.3 3.2 3.9 3.3.2 4.6.3 3.2 3.7.3 3.9 3.10 4.3 4.4 5.3.3 2020 SM 2,068 740 4,434 534 16 7,792 333 8,125 154 168 12,062 8,742 7,717 1,327 177 30,347 38,472 7,508 1,560 2,027 131 84 1,881 13,191 13,168 1,904 3 204 918 52 16,249 29,440 9,032 6,022 391 2,329 8,742 290 9,032 RESTATED 2019 SM 1,066 682 4,280 45 6,073 225 6,298 145 633 8,252 7,793 736 59 17,618 23,916 6,676 274 84 58 1,793 8,885 2,855 24 345 986 337 4,547 13,432 10,484 5,828 490 3,783 10,101 383 10,484
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 3E: Identify each of the following items relating to sections of an income statement as Revenue from...
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Question
100%
Calculate the ratios of Woolworths Group (Australian retail company) for the year 2020:
Ratios to calculate:
Profitability (ROSF, ROCE, Gross margin, Operating profit margin, Cash flow to Sales*)
Efficiency (Inventory turnover period, Average settlement period, Sales revenue to capital employed)
Stability/Capital Structure (Gearing ratio, Interest cover ratio, Debt coverage ratio*)
Investment/Market Performance (Earnings per share, Price earnings ratio, Operating cash flow per share*)
Transcribed Image Text:Current assets
Cash and cash equivalents
Trade and other receivables
Inventories
Other financial assets
Other current assets
Assets held for sale
Total current assets
Non-current assets
Trade and other receivables
Other financial assets
Lease assets
Property, plant and equipment
Intangible assets
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets
Current liabilities
Trade and other payables
Lease liabilities
Borrowings
Current tax payable
Other financial liabilities
Provisions
Total current liabilities
Non-current liabilities
Lease liabilities
Borrowings
Other financial liabilities
Deferred tax liabilities
Provisions
Other non-current liabilities
Total non-current liabilities
Total liabilities
Net assets
Equity
Contributed equity
Reserves
Retained earnings
Equity attributable to equity holders of the parent entity
Non-controlling interests
Total equity
NOTE
3.1
3.2
5.2
3.1
3.2
3.3.1
3.4
3.5
3.7.3
3.8
3.3.2
4.6.3
29
3.2
ليا لنا
3.9
3.3.2
4.6.3
3.2
3.7.3
3.9
3.10
4.3
4.4
5.3.3
2020
$M
2,068
740
4,434
534
16
7,792
333
8,125
154
168
12,062
8,742
7,717
1,327
177
30,347
38,472
7,508
1,560
2,027
131
84
1,881
13,191
13,168
1,904
3
204
918
52
16,249
29,440
9,032
6,022
391
2,329
8,742
290
9,032
RESTATED¹
2019
SM
1,066
682
4,280
45
6,073
225
6,298
145
633
8,252
7,793
736
59
17,618
23,916
6,676
274
84
58
1,793
8,885
2,855
24
345
986
337
4,547
13,432
10,484
5,828
490
3,783
10,101
383
10,484
Transcribed Image Text:Consolidated Statement of Profit or Loss
Continuing operations
Revenue from the sale of goods and services
Cost of sales
Gross profit
Other revenue
Branch expenses
Administration expenses
Earnings before Interest and tax
Finance costs
Profit before income tax
Income tax expense
Profit for the period from continuing operations
Discontinued operations
Profit for the period from discontinued operations, after tax
Profit for the period
Profit for the period attributable to:
Equity holders of the parent entity
Non-controlling interests
Profit for the period attributable to equity holders of the parent entity relates to:
Profit from continuing operations
Profit from discontinued operations
Earnings per share (EPS) attributable to equity holders of the parent entity
Basic EPS
Diluted EPS
EPS attributable to equity holders of the parent entity from continuing operations
Basic EPS
Diluted EPS
NOTE
2.1
2.3
3.7.1
5.1
4.1
4.1
4.1
4.1
2020
52 WEEKS
$M
63,675
(45,105)
18,570
175
(11,657)
(4,460)
2,628
(843)
1,785
(576)
1,209
1,209
1,165
44
1,209
1,165
1,165
CENTS
92.7
92.2
92.7
92.2
RESTATED
2019
53 WEEKS
$M
59,984
(42,542)
17,442
288
(11,695)
(3,684)
2,351
(126)
2,225
(667)
1,558
1,200
2,758
2,692
66
2,758
1,492
1,200
2,692
CENTS
206.2
204.9
114.3
113.6
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Follow-up Question
Calculate the ratios of Coles group of Australia for the year 2021:
Ratios to calculate:
Profitability (ROSF, ROCE, Gross margin, Operating profit margin, Cash flow to Sales*)
Efficiency (Inventory turnover period, Average settlement period, Sales revenue to capital employed)
Stability/Capital Structure (Gearing ratio, Interest cover ratio, Debt coverage ratio*)
Investment/Market Performance (Earnings per share, Price earnings ratio, Operating cash flow per share*)
Transcribed Image Text:Income Statement
for the 52 weeks ended 27 June 2021
Sales revenue
Other operating revenue
Total operating revenue
Cost of sales
Gross profit
Other income
Administration expenses
Share of net loss from equity accounted investments
Earnings before interest and tax (EBIT)
Financing costs
Profit before income tax
Income tax expense
Profit for the period
Profit attributable to:
Equity holders of the parent entity
Earnings per share (EPS) attributable to equity holders of the parent:
Basic and diluted EPS (cents)
Other comprehensive income
Items that may be reclassified to profit or loss:
Net movement in the fair value of cash flow hedges
Income tax effect
Other comprehensive loss which may be reclassified to profit or loss in subsequent periods
Total comprehensive income attributable to:
Equity holders of the parent entity
NOTES
1.3
1.4
5.1
1.5
1.6
1.2
1.6
2021
$M
38,562
370
38,932
(28,773)
10,159
111
(8,392)
(5)
1,873
(427)
1,446
(441)
1,005
1,005
75.3
(9)
3
(6)
999
2020
$M
37,408
376
37,784
(28,043)
9,741
108
(8,081)
(6)
1,762
(443)
1,319
(341)
978
978
73.3
(17)
5
(12)
966
Transcribed Image Text:Assets
Current assets
Cash and cash equivalents
Trade and other receivables
Inventories
Income tax receivable
Assets held for sale
Other assets
Total current assets
Non-current assets
Property, plant and equipment
Right-of-use assets
Intangible assets
Deferred tax assets
Equity accounted investments
Other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Trade and other payables
Provisions
Income tax payable
Lease liabilities
Other
Total current liabilities
Non-current liabilities
Interest-bearing liabilities
Provisions
Lease liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Equity
Contributed equity
Reserves
Retained earnings
Total equity
NOTES
2.1
2.2
5.2
2.3
2.5
2.7
2.6
1.6
5.1
2.3
2.8
2.9
2.7
3.1
2.9
2.7
2021
SM
787
368
2,107
85
87
3,434
4,463
7,288
1,698
873
220
147
14,689
18,123
3,660
950
60
897
252
5,819
1,142
458
7,859
32
9,491
15,310
2,813
1,585
69
1,159
2,813
2020
SM
992
434
2,166
42
75
70
3,779
4,127
7,660
1,597
849
217
120
14,570
18,349
3,737
861
885
198
5,681
1,354
472
8,198
29
10,053
15,734
2,615
1,611
43
961
2,615
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