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You have been asked by one of your friends to explain some of the items included in the Consolidated Statement of Financial Position for Auckland

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You have been asked by one of your friends to explain some of the items included in the Consolidated Statement of Financial Position for Auckland Airport Ltd as at 30 June 2017. You are asked to describe what each item represents and provide reasons for its classification as either current or non-current asset/liability using only the information provided in the financial statements. Also give details of where the information on each item is located within the financial statements of Auckland Airport Ltd. That is, your answers should relate specifically to Auckland Airport Ltd. and not a general description oif each item i. Property, plant and equipment i Trade and other receivables ii. Short-term borrowings and Term borrowings (3 marks each)

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