TechNova Ltd's year-end financials are as follows:

Item	Amount (£)
Fair Market Value of Assets	500,000
Total Liabilities	200,000
Shareholder's Equity	150,000
Net Income	50,000

Requirements:

1. Calculate the Return on Equity (ROE) for TechNova Ltd for the year ended 31 December 2021.
2. Discuss how the fair market value of assets influences the company's financial health.
3. Draft the equity section of TechNova Ltd’s balance sheet as of 31 December 2021.