My next question is, what would you say? We touched on it a little bit already, or you touched on it a tiny little bit already.

But if somebody would ask, let's say, say you go and see a company, which is a private company, and really they are about, to go public and the CEO doesn't want to ask the CFO because he's a little bit kind of scared to, to look funny.

So he's asking you what's the key difference between the income statement, the balance sheet, and the cashflow statement.

What would you say to that? CEO? Yeah, so just to start with the income statement versus the balance sheet.

The income statement will sort of sort of show, the, the sort of revenues and costs and etc over the period of that particular year.

Whereas a balance sheet is also known as like a statement of financial position where you sort of able to see, the current, the assets, the liabilities, and the shareholder equity all at like a specific point in time at the end of the financial year.

And the cashflow statement sort of relates both of them together in a sense that it shows the, sort of incoming and outgoings of cash within that particular period.

as we sort of mentioned, you could have just the income statement and the balance sheet, but cash is so important.

You need to track cash and how it's moving about.

And so that's why that cash flow statement is so important as well.

Absolutely. I mean, in the end, you actually only need, cash flow statement.

So I mean, it's useful to have the balance sheet. It's super useful to have the income statement, but as you said, the cashflow statement is much more important. Perfect. Yeah, the cashflow statement is sort of built from the income statement and the, statement of financial position as well, so Absolutely. I mean, if you build a model, you just need, you take the income statement balance sheet and you can refer the cash flow statement from both.

Absolutely.