So EBlT, I kind of view that it goes backwards.

Yep, that's right.

Our profit here, if we just take the number that we have here,

Company A made 1 per share. 1 of EPS.

Because during conflict economic policy typically deteriorates.

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

Following a joint statement by Vivendi and electricity giant VFM..

Minus 500,000.

This is what the owners of the company get before they pay the government.

(Laughter) But I know it's the bottom line, or one's perception of it, that motivates people in the end.

But here you see it means very, very different things.

But anyway, here I want to figure out what is my return on asset?

This is really important to pay attention to, because so many people say, oh, a company made this much.

I'll just abbreviate that as Nl.

Go ahead, eat.

And when people talk about earnings of a company, this is what they're talking about.

Money lenders are enjoying a profitable period.

Our interests clash with theirs.

Net profit for the period is estimated at 5 billion yen, largely unchanged from the previous one.

So then you're having, you have your net income, your net income during the period.

Kill the goose that lays the golden eggs.

Unexpected '

The taxes will be 153,000.

I'm not a charity commissioner.

A benefit to both our worlds.

We are assuming a very simple world, were the is no taxes, we have no debt, we have no intrest or things

One blueprint for trouble, making collapse likely, is where there is a conflict of interest between the short term interest of the decision making elites and the long term interest of the society as a whole, especially if the elites are able to insulate themselves from the consequences of their actions.

So you've probably heard not only the term earnings, you've probably also heard the term earnings per share.

They buy more of your service and they tell more of their friends, which leads to more profit.

So while we want to make economic profit for ourselves and our customers, we are willing to do it with a long term view, and we like to have a wider definition of profits than just the economic profit in the next quarter.

And that's going to more than offset the payoffs that they need to give for the people who are just randomly ran accident or who die for whatever reason

So that's a nice thing to keep in the back of your mind, this return on asset concept, and it's very closely tied to operating profits and the actual assets of a firm.

And that's what these brands did.

FDlC insured.

And that's my dad found that.

The rewards would be... enormous.

And let's say, assume if I inherited this million dollars, I didn't finance it.

Before Interest and Taxes.

The reason this is happening boils down, in my mind, to one basic problem, which is our inability to perceive the difference between public benefits and private profits.

This is 350,000 of net income.

This was interest. This was non op income.

This guy makes what is this?

And then I was left with 1 million.

It's good for everybody.

Fair enough.