Zorb, a limited liability company has kept accounting records for the year ended 31 March 2020. Zorbs trial balance at 31 March 2020 is set out below.

Zorb - Trial Balance at 31 March 2020
	Dr. 000		Cr. 000
Revenue			345,000
Cost of Sales	174,000
Inventory 31 March 2020	31,400
Distribution costs	12,200
Administrative expenses	18,500
Interest paid (note 3)	1,600
Current service cost (note 4)	5,800
Net Pension Interest cost (note 4)	4,100
Defined Benefit Pension Asset (note 4)	54,000
Plant at cost (note 3)	48,000
Factory at cost (note 1)	70,000
Factory accumulated depreciation at 1 April 2019			24,000
Internally developed brand name (note 2)	7,000
Trade receivables (note 5)	29,000
Bank	34,200
Ordinary shares of 1 each			45,000
Retained Earnings 1 April 2019			22,400
Factory Revaluation Reserve 1 April 2019			5,000
Deferred tax at 1 April 2019 (note 7)			7,400
Dividends paid	11,000
Trade payables			12,000
4% Loan Note Repayable in 2030 (note 3)			40,000
	______		_______
	500,800		500,800

The following information is provided:

1) Zorb revalued its factory on 1 April 2019 when a surveyor valued the factory at 38 million. The remaining life of the factory at the date of the revaluation was 20 years. This revaluation has not yet been recorded. Deferred tax did not arise due to this revaluation.

2) During 2019 Zorb spent 7 million developing a new brand for itself.

3) Zorb built all the Plant itself and began to use it on 1^st January 2020. Plant is depreciated at 20% per annum on cost. Depreciation policy is to depreciate items on a monthly basis. The loan note was taken out on 1 April 2019 purely to pay for the building of the plant. The loan note has an effective rate of interest of 7%.

4). Zorb expects reductions in future contributions or refunds for the full amount of the pension surplus and there are no other re-measurement gains or loss in respect of the defined benefit pension scheme.

5) A trade receivables of 10 million was factored on 30 March 2020. The agreement with the factor was that the amount received from the factor was the same as the receivable amount. Interest was to be paid to the factor and if the customer defaulted Zorb would be liable to repay the factor. The receivable has been removed from Zorbs records.

6) A provision is required for environmental clean-up costs. Zorb is expected to spend 18 million in 9 years time. Zorb makes returns of 14% on its projects.

7) A provision for income tax for the year ended 31 March 2020 of 13 million is required. At the 31 March 2020, the carrying value of Zorbs net asset was 28 million bigger than their tax base. The income tax rate of Zorb is 30%.

Required:

c) Prepare Zorbs Statement of Financial Position as at 31 March 2020.