Having done the assets, we're now going to move over to the liabilities. Now, for the same reason that we're going to delay cash, we're also going to delay the short term debt until after the cash flow statement. The current operating liabilities are a percentage of operating costs.

We can now add up the total current liabilities and then move on to long-term debt.

We have a borrowing and repayment schedule here, and so we're going to add that to the balance from last year. And you can see that Kion is borrowing an awful lot in this year, and we'll have to start paying back in years beyond.

The other non-current liabilities are attached to revenues in this forecast, and now we have the total liabilities. We can go and get the equity, which would include retained earnings from our base, and now we can take the subtotal and see if our model balances, which it doesn't. But that's okay because we have not got the cashflow statement yet.