Analysis of Woolworths Annual Report

This assignment requires a detailed analysis of Woolworths' 2017 Annual Report. Students must examine the company's financial performance, including revenue, profit, and cash flow. The report also emphasizes analyzing Woolworths' key priorities, strategic commitments for 2020, and comparing these findings with the 2016 annual report. A comparative analysis of both reports is necessary to demonstrate the company's progress and future direction.

Running head: ANNUAL REPORT OF WOOLWORTHS
Report on Annual Report of Woolworths
[Name of Student]
[Name of University]

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ANNUAL REPORT OF WOOLWORTHS
Table of Contents
1. To whom the report is disseminated and how it is done..............................................................2
2. People Need the Information Contained In Annual Report.........................................................2
3. Financial Information Offered In the Report...............................................................................3
4. Contents of the Report.................................................................................................................4
5. Financial Summaries for Information about the Fiscal Condition of the Company....................4
6. Recommendations Made.............................................................................................................5
7. Compare Two Annual Report......................................................................................................5
Bibliography....................................................................................................................................6

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ANNUAL REPORT OF WOOLWORTHS
1. 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.
2. 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

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ANNUAL REPORT OF WOOLWORTHS
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 for measuring the potential growth and
financial position.
3. Financial Information Offered In the Report
The financial information of Woolworth’s 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.

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ANNUAL REPORT OF WOOLWORTHS
4. 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 director’s 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 financial strength and value of
the shareholders.
5. 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.

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ANNUAL REPORT OF WOOLWORTHS
6. 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.
7. 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.

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ANNUAL REPORT OF WOOLWORTHS
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].