Vodafone 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

Required:
Determine the differences between Vodafone’s balance sheets and a typical U.S. company balance sheet.

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Vodafone Group, Plc. Consolidated Statements of Financial Position At March 31 31 March 2019 £m 23,353 17,652 27,432 3,952 870 24,753 94 5,170 103,276 714 264 12,190 13,012 13,637 39,817 (231) 142,862 4,796 152,503 (7,875) (116,725) 29,519 62,218 1,227 1,227 63,445 48,685 478 551 1,242 2,938 53,894 Non-current assets: Goodwill Other intangible assets Property, plant and equipment Investments in associates and joint ventures Other investments Deferred tax assets Post employment benefits Trade and other receivables Current assets Inventory Taxation recoverable Trade and other receivables Other investments Cash and cash equivalents Assets held for sale Total assets Equity Called up share capital Additional paid-in capital Treasury shares Accumulated losses Accumulated other comprehensive income Total attributable to owners of the parent Non-controlling interests Total non-controlling interests Total equity Non-current liabilities Long-term borrowings Deferred tax liabilities Post employment benefits Provisions Trade and other payables 31 March 2018 £m 26,734 16,523 28,325 2,538 3,204 26,200 110 4,026 107,660 581 106 9,975 8,795 4,674 24,131 13,820 145,611 4,796 150,197 (8,463) (106,695) 27,805 67,640 967 967 68,607 32,908 644 520 1,065 2,843 37,980 (continued)