Question 4 Parson plc's statements of financial position as at 31 December 2013 and 2014 and income statements for the years ended 31 December 2013 and 2014 are as follows: Statements of financial position as at 31 December 2014 and 2013 2014 (fm) 2013 (Em) ASSETS Non-current assets Land and buildings 110 94 Plant and machinery 172 147 Current assets 24 25 Trade receivables 26 16 Cash at bank and in hand Total assets 241 192 EQUITY AND LIABILITIES Equity Retained ordinary share capital 100 profits 100 Non-current liabilities Borrowings loan notes (10%) 40 Current liabilities Trade payables 37 Taxation Total equity and liabilities 241