QUESTION $26)$Summarize the pros and cons of judgmental and empirically based credit evaluationsystems. What would you recommend? Would your recommendation change if youwere evaluating Singapore Airlines for a loan during the COVID$-19$ pandemic? Nocalculations are required but your answer must relate to the Statement of FinancialPosition presented.STATEMENIS OF FINANCIAL POSITIONASAT $31$HARCH $2021($INS HILLION$)$EQUITY ATTRIBUTABLE TO OWNERS OFTHE COMPANYShare capitaMandabony convertble bondsTreasury sharesOther resenvesInventoriesTrade debtorsAmounts owing by subsidiary companiesDeposits and other debtorsPrepaymentsOcher short term assetsInvestmentsCash and bank balancesAssets heid for saleLess. CURRENT LIABILITIESBorrovingLeae liabilitiesCurrenc tax puyabie$|10$ marks$)$Trade and other creditorsAmounts oving to subsidary companiesSales in advance of carriageDeferred revenueDeferred accountDerivatve labiliesProisionsNET CURRENT ASSETSALIABILUTIES$)$Notes$16171820213131323334221936174721$The Group$31$ March$2021718023,496\mathrm{.}1(133\mathrm{.}2)5,362815,9059372\mathrm{.}216278\mathrm{.}141\mathrm{.}1,03252\mathrm{.}373\mathrm{.}610\mathrm{.}564\mathrm{.}85064965\mathrm{.}1106631\mathrm{.}868\mathrm{.}123,483\mathrm{.}32\mathrm{.}395\mathrm{.}7301\mathrm{.}1833\mathrm{.}1200249\mathrm{.}9646\mathrm{.}0156\mathrm{.}8194\mathrm{.}9939\mathrm{.}5117\mathrm{.}380\mathrm{.}729\mathrm{.}4271\mathrm{.}87\mathrm{.}783\mathrm{.}098\mathrm{.}696720907\mathrm{.}1491\mathrm{.}49542117\mathrm{.}2568\mathrm{.}1957\mathrm{.}816\mathrm{.}9130442895713239588318642020$T$8561(156\mathrm{.}0)76140214141869\mathrm{.}732\mathrm{.}73331\mathrm{.}335\mathrm{.}31467\mathrm{.}67\mathrm{.}162\mathrm{.}91\mathrm{.}875\mathrm{.}7990\mathrm{.}7112\mathrm{.}522,710\mathrm{.}725,485\mathrm{.}81,477\mathrm{.}7487\mathrm{.}0$S$17\mathrm{.}0191\mathrm{.}565\mathrm{.}2345\mathrm{.}7169\mathrm{.}32393820\mathrm{.}53308121\mathrm{.}1339423\mathrm{.}52685\mathrm{.}3142434292661\mathrm{.}0493\mathrm{.}06853\mathrm{.}01602041475583161570\mathrm{.}83640110021161592)227102$The Company$31$ March$202171023\mathrm{.}4951(133\mathrm{.}2)5968816511916511941\mathrm{.}01\mathrm{.}01891,976\mathrm{.}110\mathrm{.}26434963387\mathrm{.}1106130\mathrm{.}901\mathrm{.}719,04$S$11,9837229\mathrm{.}15,880\mathrm{.}633233234664959156\mathrm{.}8145\mathrm{.}3753\mathrm{.}912568561520\mathrm{.}921657512125\mathrm{.}285732315\mathrm{.}07681511\mathrm{.}31\mathrm{.}5307$S$044578139124\mathrm{.}0343,562201$The occompanying occounting palioes ond erplanatory nots form an integra part of the financial stateena$27533015012202013551(15601716268\mathrm{.}362\mathrm{.}78\mathrm{.}86273331\mathrm{.}2922700\mathrm{.}6631031\mathrm{.}860\mathrm{.}73083111\mathrm{.}919,980020\mathrm{.}3156745\mathrm{.}72166476991203323$S$48167416931634430520042977851303375325219423832601\mathrm{.}1273\mathrm{.}7392225051\mathrm{.}021$S$1,883375582971565\mathrm{.}23065107315(64126)1933010$