Drawing up a balance sheet Goliath Motors (name disguised) is a large manufacturer of cars in Europe. Listed below are account balances taken from the group’s 20x2 balance sheet. All amounts are in A million.

Trade and other receivables 36,133 Short-term debt 24,035 Intangible assets 5,277 Share capital ?

Inventories 7,956 Minority interests in subsidiaries’ net assets 42 Long-term debt 10,200 Prepayments and deferred charges 1,443 Trade payables 5,644 Property, plant and equipment 17,388 Cash and marketable securities 6,316 Reserves 18,326 Provisions and other long-term liabilities 19,265 Long-term financial investments 3,199 Other current liabilities 5,157 Leasing and rental assets 5,827 Required Draw up a balance sheet for the Goliath Motors group at 31 December 20x2, showing current and fixed assets, current and long-term liabilities and shareholders’ equity. (‘Leasing and rental assets’

comprise Goliath vehicles which the group leases or rents out to companies or individuals. Decide how these should be presented in Goliath’s balance sheet.)

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