Employee Benefits and Share Based Payments Expense in Woolworths Group

This presentation covers the employee benefits, share based payments expense, and superannuation expense in Woolworths Group. It also discusses the obligations related to long service leaves, post employment benefits, and long term employee benefits as per AASB 119. The defined benefit obligations are recognized at a discounted rate. The presentation cites relevant references for further reading.

W O O LW O R T H S G R O U P
Advanced Corporate
Accounting

Employee Benefits- Woolworths Group
Share Based Payments Expense
• Long Term Incentive Plans
Remuneration and on-costs
• Current Cost of Employment
Superannuation Expense
• Post Employment Benefits

AASB 119- Employee Benefits
Discounted Rate
to be Applied
Obligation of long
term employee benefits
Obligations related to
long service leaves
Obligations of post
employment benefits
Obligations related to
annual leaves

AASB 119- Applicable on the Company
Only defined benefit plans that
fall under the superannuation
expense (which is classified
under post retirement benefits),
are to be discounted.

Conclusion
AASB 119 is
being followed
The defined
benefit
obligations are
being
recognized at a
discounted rate.

References
AASB. (2014). Employee Benefits. Retrieved from
https://www.aasb.gov.au/admin/file/content105/c9/
AASB119_09 -11_COMPjun14_07-14.pdf
AASB. (2016). AASB 119 Employee Benefits and IFRS for
SMEs Section 28 Employee Benefits. Retrieved from
https://www.aasb.gov.au/admin/file/content102/c3/RDR-
AASB_119.pdf
Cumsar. (2018). Actuarial valuations of employee benefits
for AASB 119 purposes. Retrieved from
https://www.cumsar.com.au/our-services/employee-
benefits- aasb-119.html
Woolworths Limited. (2017). Annual Report. New South
Wales: Woolworths Limited.