So liabilities. Liabilities.

Let's say assets and I'll talk about margin requirements

What, autopsy for a pot overdose? Come on.

Our economy grew from 2000 to 2007 on the back of consumers massively overborrowing.

And then we have the debt, the debt of the company, or the

Let's think about its liabilities.

Cocky much?

I owe the bank 750,000.

This is 120,000 in equity, market value of equity, he has another 105,000 in liabilites.

This was equity.

You assume too much.

I told you not to take too much.

Overload!

liabilities as well.

It had 5 million of debt.

What are my liabilities?

That assets, A for assets, is equal to

Most times the liabilities are pretty easy to get a handle on.

He is overconfident.

Tom is overconfident.

You guys in the suits get lost.

Well, that's cocky, Ben.

Finished off by a young'un.

You're getting cocky now, a little bit.

Or the other way to view it is, assets minus liabilities is equal to equity, right?

Minus 1.075 that was the max that I could borrow

Everything on the right hand side is equity, so this is all equity.

I still owe 750,000 to bank.

So my liabilities I owe the bank 750,000.

There are three reasons why this is the case.

It's just your pride speaking.

You're really full of yourself, aren't you, Doug?

Now you're getting cocky, huh?

A flaw more and more common among Jedi.

Someone is using that Marine as a lab rat.

An even bigger picture, if I now look at my balance sheet, what are my liabilities now?

This is the equity...

So we could say, well, a new figure comes out ... let's see African debt.

Well, its assets are let's see one plus 21, 25, 26 billion in assets and its liabilities are 23 billion.

I think I had called it Loan C.

Because can you imagine everything boiling?

The European Union ETS is the main marketplace.

And this is an annual income statement.

What I'm squaring off in blue, that's the

So where does this lead?