Note 1. Brief description of the Global Mechanism

Balance sheet items

C. Balance sheet 5

This is just to explain what a balance sheet is.

But let's just kind of think about a generic balance sheet for a bank.

Because the balance sheet is often called the company's books.

So I think a good place to start is just with the idea of the balance sheet.

I think when I originally did the videos on balance sheets,

Balance sheet as at 31 December 1993 . 30

What is often very interesting to value are the assets on a balance sheet.

And so that's maybe why I have more assets than might balance sheet might predict.

The balance sheet value of the item may therefore differ from the real value.

We were studying the balance sheet of this Bank A, I think that's what I called it.

At the end year 1 the asset is recorded in the balance sheet at cost of 100.

So a balance sheet is just a snapshot of what you have, and what you owe, and the difference between.

Where that brand and that formula, that secret formula, really are the value of the firm, and they probably aren't captured on their balance sheet.

Which probably,you know, that's a sign that the stink is starting to emerge from this part of the balance sheet.

If you believe all of the numbers on the company's balance sheet, the company is worth 3 billion.

But most times, you can look at a balance sheet and you say, OK this is the money they owe.

In the last video I just discussed a personal balance sheet and what illiquidity or what insolvency means.

So, with this balance sheet, you would say 6.00 per share, but the market is willing to say 12.00.

A provision is made for the estimated liability for annual leave and long service separation entitlements as a result of services rendered by employees up to the balance sheet date.

Maybe, if this were Goldman Sachs' balance sheet, maybe its book value per share is 6.00.

And if you actually look at the Federal Reserve's balance sheet today, there still is some gold sitting on their balance sheet because it is really not obvious what they needed to do with it so they just kept it.

Understandably fixated on balance sheet repair, US consumers have not taken the bait from their monetary and fiscal authorities.

And you could watch some of the videos that I did before the whole financial mess on the balance sheet.

2b 8a

Regular budget Extrabudgetary

learned it in the balance sheet video, that if you take your assets and you subtract out your liability so you take what you have, you subtract out what you owe, you're left with what you're really worth.

Agencies (regular budget and extrabudgetary)

Total budgetary and extrabudgetary resources

(regular budget and extrabudgetary)

Deficit fetishism never makes sense the national debt is only one side of a country s balance sheet.

So what does it mean when, I'm telling you right now that you can look at it company's balance sheet, and if you believe what they say, you can actually calculate a book value per share.

Table 13.2 Summary of publications (regular budget and extrabudgetary)

Activities Administrative support (RB XB)

Administrative support (RB XB)

Conference services (RB XB)

2. Operational activities (regular budget extrabudgetary)

And it might be because they have some kind of great brand, the equivalent of charisma and good looks, that can't be quantified on a balance sheet.

Then you say, either these assets or somehow being undervalued or the company might have some assets that somehow are not captured on the balance sheet, right?

And if you understood that, I think we're now ready to tackle what a balance sheet of some of these potentially troubled banks might look like.

(c) Technical cooperation (regular budget extrabudgetary)

(i) Advisory services (regular budget and extrabudgetary)

(a) Technical cooperation (regular budget extrabudgetary).