Australian Accounting Standards Board - Wesfarmers - Accounting Assignment Help

Assignment Task :

What AASB (Australian Accounting Standards Board) apply to following examples? For example, “First lease pre-commitment” = AASB 16, para 1,2,3,4.

1. Sale by Wesfarmers of 5.2 per cent of Coles Group (As a result of Wesfarmers' interest falling below 10 per cent, the Relationship Deed agreed between Coles and Wesfarmers at the time of the demerger will terminate and Wesfarmers will no longer have the right to nominate a director to the Coles Board)?

2. COLES ENTERS THE AUSTRALIAN DEBT CAPITAL MARKETS WITH LONG DATED MULTI-TRANCHE $600 MILLION TRANSACTION. Coles Group Limited (Coles, ASX: COL) today announced that its wholly owned subsidiary, Coles Group Treasury Pty Ltd (ACN 628 634 935), has priced $600 million of fixed rate Australian dollar medium term notes (Notes), comprising $300 million of seven-year Notes and $300 million of 10-year Notes. The seven-year Notes were priced with a coupon of 2.2% and the 10-year Notes were priced with a coupon of 2.65%.

3. COLES ENTERS EXCLUSIVE PARTNERSHIP WITH OCADO TO PROVIDE LEADING ONLINE GROCERY SHOPPING EXPERIENCE TO MAKE LIFE EASIER FOR AUSTRALIAN CUSTOMERS.

4. AGREEMENT TO ENTER INTO INCORPORATED JOINT VENTURE IN RESPECT OF COLES’ HOTELS AND QUEENSLAND RETAIL LIQUOR BUSINESS.

5. Coles Group Limited (Coles, ASX: COL) today announced it has entered into an agreement to restructure the terms of the Fuel and Convenience Alliance (New Alliance) with Viva Energy Limited (Viva Energy). The parties have also agreed to extend the Alliance until 2029.

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