You are an accountant at WCP Accountants and Investment Advisers. You have been approached by a client for your professional advice on investing in Woolworths Ltd.
Your client supports Australian made products. Your client is also a strong believer in sourcing from ethical suppliers that maintain good workplace health and safety standards in their factories.
Overall, your client "values all six capitals" as promoted under the International Integrated Reporting framework.
Required:
Prepare a report for your client. Your report should include:
a. A description of the core business of the company including full details of its operating activities.
b. A discussion on the company's progress against its strategic priorities.
c. A discussion on any significant issues emerging fromthe Chairman's Report.
d. A discussion on any significant issues emerging from the Managing Director's Report.
e. A discussion on any significant issues emerging from the Corporate Responsibility Report.
f. A calculation of the key financial ratios for 2015.
g. An overall evaluation of the company's value creation or diminution in terms of "six capitals" over time.
h. Your recommendation on investing in the company.
In preparing your report, you may like to consider the following:
Woolworths betting on booze and gambling profits | News ...
www.news.com.au/.../woolworths-betting...booze.../story-e6frfm1i-122622...
Dec 16, 2011 - WOOLWORTHS is planning on expanding its gambling and alcohol business as the profit margins are three times higher than on groceries.
Woolworths under pressure to sign accord after fatal ... - ABC
www.abc.net.au/news/2013-10-11/woolworths...to-sign.../5017098
Oct 10, 2013 - Woolworths is again under pressure to sign a voluntary safety accord following another fatal fire at a Bangladesh clothing factory this week.
Farmers slugged for Woolworths Jamie Oliver campaign - ABC
www.abc.net.au/news/2014-06-06/nrn-ausveg...woolworths/5505808
Jun 5, 2014 - Photo: Farmers say they are being forced by supermarket Woolworths to pay for an advertising campaign starring celebrity chef Jamie Oliver ...
Milk wars: Farmers lash out at Woolworths' AFL dairy ad
www.smh.com.au/.../milk-wars-farmers-lash-out-at-woolworths-afl-dairy-a...
May 27, 2015 - It's also no secret that the state's dairy farmers are doing it tough, with many exiting the industry in the past four years. But with Woolworths ...
Working Life - Thesupply chain buck stops with the big retailersworkinglife.org.au/.../the-supply-chain-buck-stops-with-the-big-retailers/
- This is a group-assignment. Each group needs to have 2 to 3 members in it. Please organise yourselves into groups.
- Please make sure that names and ID numbers of all group members are stated on the cover sheet of your submission.
As this is a group assignment, each member of your group is awarded the same mark. We know that working in groups has its pros and cons.I am sure that you will hold constructive group discussions. In case of any disagreements, you will be able to resolve them in a reasonable way. There will be times when you may have to agree to disagree with each other.
Invariably different group members bring different skills to a project; it is up to you to make the best of it. I believe one can learn a lot by discussing the issues with one's colleagues.
If you happen to find your group members are "not pulling their weight" or there are problems with any member's commitment, then please try to resolve those issues amongst yourselves. Open and honest communication always helps.
If you are unable to resolve these issues, you are most welcome to see me and we will try to sort out the problems together. Do this as soon as possible and certainly before the due date.
For some reason, if you do not wish to work in a group, please let us know.