More deaths in the channel.

[denso13]

Liabilities are not assets.

Precisely.

 

[carmanmemoranda]

Who do you think you are? The accounts are healthy, what's the problem?

The problem is they are rescuing people he thinks they shouldn't. They are not asking ethnicity or motive before setting out to help them.

 

[denso13]

Do you think they have 800m of funds available?

It's funds held. Let me know if you need that explained.

 

[motorbiking]

No.

No. Not all liabilities fall under assets.

No. I don't know what bit you are talking about.

Precisely.

Perhaps you could give me an example of a liability all the liabilities that are assets.

It was a high level comment for a different argument. Sue me.

So you agree you were wrong then?

 

[SirGalahad]

Perhaps you could give me an example of a liability all the liabilities that are assets.


So you agree you were wrong then?

A liabilty is an asset for someone else on their balance sheet.

 

[denso13]

Perhaps you could give me an example of a liability all the liabilities that are assets.

Is that Gantish?

So you agree you were wrong then?

No, it was for effect in a discussion and makes no difference.

 

[motorbiking]

You earlier claimed not all liabilities were assets. You then agreed with me that liabilities are liabilities not assets. So you seemed confused.

Do you still think they have 800m of funds available?

 

[motorbiking]

A liabilty is an asset for someone else on their balance sheet.

Do you think they report these as liabilities?

 

[denso13]

So you seemed confused.

No confusion here.

Do you still think they have 800m of funds available?

They have almost 800m in funds.

 

[motorbiking]

Where are they on the balance sheet?

 

[denso13]

In their accounts.

 

[motorbiking]

Except they aren’t. Because they don’t have them.

The value of all of their assets is less than these so called funds available.

How do you explain that?

 

[denso13]

 

[denso13]

The value of all of their assets is less than these so called funds available.

Their funds contain their assets. I think you need to read accounting for dummies then come back.

 

[motorbiking]

This wouldn’t be their pension fund by any chance. ?