1. The following is a list of the assets and claims of Delta Electronics as at 31 March last year:
   • Trade payables: €95,000
   • Motor vehicles: €42,000
   • Long-term borrowing (loan from FinanceCo): €285,000
   • Equipment and tools: €225,000
   • Short-term borrowings: €130,000
   • Inventories: €155,000
   • Property: €350,000
   • Trade receivables: €195,000

Required:

(a) Prepare the statement of financial position of the business as at 31 March last year from the information provided, using the standard layout. (Hint: There is a missing item that needs to be deduced and inserted.)

(b) Discuss the asset structure revealed by this financial statement.