IFRS Case 3-4 (Static) Balance sheet presentation; Vodafone Group, Plc. [LO3-2, 3-3, 3-9]\\nVodafone Group, Plc., a U.K. company, is the largest mobile telecommunications network company in the world. The company prepares its financial statements in accordance with International Financial Reporting Standards. Below are partial company balance sheets (statements of financial position) included in a recent annual report:\\n\\nReal World Financials\\n \\n\\nVodafone Group, Plc.\\nConsolidated Statements of Financial Position\\nAt March 31\\n 2017 2016 \\n £m £m \\nLong-term assets: \\nGoodwill 26,808 28,238 \\nOther intangible assets 19,412 30,326 \\nProperty, plant, and equipment 30,204 35,515 \\nInvestments in associates and joint ventures 3,138 479 \\nOther investments 3,459 4,631 \\nDeferred tax assets 24,300 28,306 \\nPost employment benefits 57 224 \\nTrade and other receivables 4,569 5,793 \\n 111,947 133,512 \\nCurrent assets: \\nInventory 576 716 \\nTaxation recoverable 150 1,402 \\nTrade and other receivables 9,861 11,561 \\nOther investments 6,120 5,337 \\nCash and cash equivalents 8,835 12,922 \\nAssets held for sale 17,195 3,657 \\n 42,737 35,595 \\nTotal assets 154,684 169,107 \\nEquity (details provided in complete statements) 73,719 85,136 \\nLong-term liabilities: \\nLong-term borrowings 34,523 37,089 \\nDeferred tax liabilities 535 564 \\nPost employment benefits 651 565 \\nProvisions 1,130 1,619 \\nTrade and other payables 1,737 1,899 \\n 38,576 41,736 \\nCurrent liabilities: \\nShort-term borrowings 12,051 20,260 \\nTaxation liabilities 661 683 \\nProvisions 1,049 958 \\nTrade and other payables 16,834 19,896 \\nLiabilities held for sale 11,794 438 \\n 42,389 42,235 \\nTotal equity and liabilities 154,684 169,107 \\n\\n\\nRequired:\\n1. Describe the differences between Vodafone’s balance sheets and a typical U.S. company balance sheet.\\n\\n\\n\\n2. What type of liabilities do you think are included in the provisions category in Vodafone's balance sheets?