amount is disclosed in the Note 11 of Notes to consolidated financial statements (Woolworths 2012‚ p 126). b) Movements in carrying value of goodwill The carrying value of goodwill at the beginning of the period was $3227.7M (Woolworths 2012‚ p 126). An additional $42.1M was recognised throughout the year due to additional acquisition of businesses‚ with less $1.5M for disposals and $0.7M for other expenses. Woolworths also recognised an impairment loss of $70.6M for the year. There was also an
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In this assignment we introduce the idea that the organizational culture is the personality of an organization which can be defined‚ measured‚ sustained and changed and have an important impact on an organization’s effectiveness. We want to define organizational culture as it is presented by two theorists‚ indicate levels of expressions of culture in an organization‚ and provide specific strategies or tools to modify organizational culture. We know that every individual has something that psychologists
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WoolWorths Limited Insert your Name here Institution Affiliations According to a recently reviewed financial statement on WoolWorths limited by Australian Stock market as at the year ending 30th Nov‚ 2013‚ it recorded an outstanding profit before tax of $1‚122‚387‚456 or approximately $1‚122 million. One of the ways the WoolWorths limited (WOW) would use to change its profits is by applying AASB 139 Financial instruments: Recognition and Measurement. Terms and conditions
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Description of how Woolworths manages quality and determine how effective Woolworths is at managing quality. Under the strategic objective of protecting customer trust‚ Woolworths has a defined policy that applies to all its business units to ensure quality is maintained at the highest level and is consequently a positive reflection of the overall Woolworths brand. This policy is entitled ‘Woolworths Quality Assurance Standard “protecting customer trust”‚ version 6 June 2009’. Woolworths has identified
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Assignment 1 – Individual Case Study (Woolworths) Introduction Woolworths is one of the top 25 food retailers in the world holding approximately 31% of the food retail sector in Australia‚ with approximately 3100 suppliers providing some 3162 stores across Australia and New Zealand and employing over 191‚000 people. Woolworths is constantly changing to meet consumer demands. Since opening it’s first store in 1924‚ with a nominal capital of 25‚000 shares only 15‚000 of those shares were available
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Intangible Assets: An intangible asset‚ despite not having a physical form to it‚ has great value to a company and is to be disclosed in the financial reports. Some companies only disclose the brand and goodwill as their only intangible assets‚ while others include more such as software and the company trademarks (Loftus et al. 2012). The Accounting Standard AASB 138 advises businesses on the accounting treatment of these intangible assets‚ but only if the specific criteria have been met for an
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Financial Analysis of Woolworths Limited 10 October 2011 By: Huatong (Claire) Liu To: Potential investors Executive Summary The primary purpose of this report is to determine whether Woolworths Limited is an appropriate and profitable company to invest in. Specific objectives include analysis of annual reports of Woolworths and its competitors (Wesfarmers) as well as interpretation of relevant government and industry statistics‚ stock exchange‚ market information and media comments
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Coles or Woolworths? Should I drink Pepsi or Coke today? Do I go to MYER or David Jones to buy new make up from? We take in consideration a few prices‚ how convenient it will be to get there‚ what would we rather do‚ and that’s it. But there’s something bigger behind this. What is the impact on such big rivals‚ for us and the economy? It’s not just about personal choices. Living and studying in Australia for the past 11 months‚ going to do my grocery shopping at Coles or at Woolworths has become
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OF WEBSITE AND SOCIAL MEDIA OF WOOLWORTHS LTD Woolworths Ltd is retailer so main goal is to sell. Scale of online shopping increased manifold in last two decades. In present time in developed countries‚ such as Australia customers can buy online almost everything. On this base arose the need to create a new field of marketing – internet marketing and e-commerce. THE BASIC UTILITY AND USER-FRIENDLINESS OF THE FIRM’S WEBSITES From all 32 divisions of Woolworths Ltd‚ 16 have websites. Also there
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References: Fredendall‚ L. & Hill‚ E. 2001‚ ‘Basics of Supply Chain Management’‚ CRC Press LLC‚ Florida. Rossi‚ S. 2007‚ ‘Woolworths awards suppliers in supply chain project’‚ no. 1‚ pg 5‚ EBCOhost‚ AN 24056925‚ viewed 18 October 2009.
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