3. Financial Instrument Analysis (4 marks, up to 400 words) (Woolworths Group Limited) a) Secure a copy of the 2018 Balance Sheet and Income Statements of your chosen firm and attach it as an exhibit...

a) Financial instruments: Analysis
Financial instruments are the contract which are the financial assets for an organization and is equity instrument or financial liability for another entity. Financial instruments are the major items of financial statements nowadays after fair value concepts introduction.
In the given Company i.e. Woolworths Group Limited, the balance sheet of the entity reports the financial instruments in the company which includes trade and other receivables, cash and cash equivalents, other financial assets and inventories which comprises of derivatives under current assets section and non-current other financial assets comprises of listed equity securities, derivatives, investment in associates and others. This all are financial asset because in this there exists a contracted right to receive another financial asset or cash. The financial liability for the company are current income tax payable, trade and other payables, borrowings and other financial liability which comprises of derivatives both current and non-current and put option held over the...