Question: E1.7 Classify items as current or non-current, and prepare assets section of statement of financial position. LO6 The following items were taken from the 30

E1.7 Classify items as current or non-current, and prepare assets section of statement of financial position. LO6 The following items were taken from the 30 June 2019 consolidated statement of financial position of Maximum Energy Limited. (All dollars are in millions.)

Inventories—current $ 199.5 Intangibles $4 724.1 Receivables—due after 30/06/2020 70.9 Other current assets 586.6 Oil and gas assets (non-current) 742.6 Property, plant and equipment 7 997.4 Investments (long term) 49.6 Cash and cash equivalents 421.5 Other long-term financial assets 507.7 Current receivables 2 766.0 Other financial assets (short term) 280.3 Other non-current assets 41.1 Deferred tax assets (non-current) 1 093.8 Exploration and evaluation assets

(non-current) 523.5 Inventories (non-current) 43.8 Required Prepare the assets section of a classified statement of financial position.

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