Report on Annual Report of Woolworths for Financial- myassignmenthelp

Question: Discuss about theReport on Annual Report of Woolworths for Financial. Answer: To whom the report is disseminated and how it is done The Woolworths group publishes their annual report describing their financial statement and market position. The annual report shows and demonstrated the comprehensive representation of the activities and operations followed by Woolworths throughout the financial year of 2017. The annual report for the Woolworths Company develops their annual report for their potential shareholders, publics, customers and other interested parties for showcasing the financial and other activities of the company. The annual report for the Woolworths is developed while evaluating and obtaining the stories and information of the Woolworth and its success activities. In addition to that, the annual report is prepared while highlighting the successes as well as the highlights of the financial year of 2017. Furthermore, the annual report is prepared by illustrating the story of the Woolworths through the application of human experience for achieving the organizational and financial goal. The financial notes and statements of the Woolworths are the significant contents highlighting the performance of the company. Apart from that, the annual report of Woolworths is accompanies by detailed analysis and discussion by the chairman and managing director of Woolworths. People Need the Information Contained In Annual Report The annual reports are developed mainly for the internal and external shareholders associated with the Woolworths Company. The potential shareholder uses and analyzes the financial statement published by Woolworths for evaluating their investment on equity. With the use of this information, the shareholders make strategic and information decision for taking further decision on corporate matters. The evaluation of the data found on the annual report allows the shareholder to glean the sensitive and meaningful information based on the financial statement. The stock information and profitability ratio found on the annual report for evaluating their invested equity. The various information that are actively utilized for gaining strategic information includes price ratio, efficiency ratio, debt ratio, liquidity ratio and profitability ratio of Woolworths for the financial year of 2017. The market analyst and investor of Woolworths used the equity information for measuring the indicator fo r measuring the potential growth and financial position. Financial Information Offered In the Report The financial information of Woolworths annual report 2017 contains the statement of profit and loss and comparison has been made based on the information of 2016 annual report. The consolidated statement showed the gross profit, expense of income tax, profit of the equity holders and earnings per share for the company. Moreover, the financial information included the financial profits obtained from the New Zealand and Australian food and drinks operations. The information about the company earnings before and after the tax and interest are highlighted in the annual report. The annual report of 2017 demonstrates that the total operating revenue generated for the 2017 was $55,668.6 million and the gross profit was accounted to $15,928.9 million. Furthermore, the total income obtained from the continuing operations during the last financial year was observed to be $ 1,480.0 million. In addition to that, total group profit obtained from the shareholders was $1,534 million for 2017 while accounting for $55 million of total sales. Contents of the Report The annual report of Woolworths 2017 contains the performance highlight for the year while highlighting the five key priorities including customer and store-led culture and team, generating sustainable performance in food, evolving our drink business, Empowering our portfolio businesses and Becoming a lean retailer through end-to-end process and systems excellence. In addition to that, the report covers the business review of Woolworths from Australian food to New Zealand food and plans for capital management along with the roll out of new stores. The second important section of the report is the directors report covering the skills, experience and activities of the executive committee and board of directors. The financial report includes a significant section of the annual report highlighting the revenue generated and annual profit. Apart from that, the report also includes a brief financial summary of last five years, cash flow, balance sheet and comparative analysis of the financi al strength and value of the shareholders. Financial Summaries for Information about the Fiscal Condition of the Company For the fiscal year of 2017, the total operating revenue generated was $55,668.6 million which was larger than the total revenue generated on 2016. Woolworths has witnessed $1,593.4 million profit when considering the last years 2,347.9 million loss for 2016. The total earning observed before tax and interest from continuous operations were observed to be $ 2,326 million accounting for 4.9% less than 2016. In addition to that, it has been identified that the operating activities followed by Woolworths has yielded new cash of $3,1 billion which is 32.4% more than the amount yield in 2016. Recommendations Made Based on the information provided in the annual report, Woolworths have made various commitments through their activities and business in the next few years. Earlier the year, 2017, Woolworths have launched new Corporate Responsibility Strategy for 2020. Woolworths have focused on supporting the indigenous people of Australia by encouraging diversity with the help of more than 150 programs that will be conducted in 328 stores. Further, it has been planned to focus the activities towards zero wastage of food. Moreover, with the Governments initiative to make origin labeling, Woolworths became the first for introducing their own brand products for founding trust relation with the customers. Compare Two Annual Report The annual report of Woolworth 2016, has been obtained and various comparison has been made with the 2017 annual report. The annual report of 2016 did not included the commitment of Woolworths for 2020 in order to provide sustainable development. From the information gained and provided o annual report 2016, Woolworths has identified five significant priorities that needs to be worked on. On annual report 2017, Woolworths has provided their progress on achieving their key priorities for achieving success. Comparing the two financial report of Woolworths, it has been identified that the for the fiscal year 2017, the total profitability has made significant progress. Bibliography Woolworths Group (2016).Annual Report 2016. [online] Available at: https://www.woolworthsgroup.com.au/icms_docs/185865_annual-report-2016.pdf [Accessed 27 Oct. 2017]. Woolworths Group (2017).2017 Annual Report. [online] Available at: https://www.woolworthsgroup.com.au/icms_docs/188795_annual-report-2017.pdf [Accessed 27 Oct. 2017].