We are gonna forecast the intangible and tangible assets for Generale. And to do that we're gonna need these assumptions here that will help us to forecast the amount of amortization and depreciation as well as the amount of CapEx. Now, the good news is we are gonna calculate this in exactly the same way as we would for any corporate, so using our base calculations. So taking our beginning balance for our assets, adding any acquired assets, subtracting any depreciation or amortization, and that will give us our ending balance. So let's go down to our calculation section to build those now.

Now a great starting point is that we've got the prior-year ending balance anchored to our balance sheet, and we can then make that our beginning balance in our first forecast year. Now, we're not gonna forecast any acquired intangibles, we're just gonna put some amortization in. So we can take that from our assumptions above and then we can simply add those together. And that gives us our ending balance for our intangibles. Now let's move down and we can do exactly the same for our tangible assets. So again, we've anchored our prior-year ending balance into our balance sheet, and we can make that the beginning balance in our first forecast year. Now, this time we're gonna forecast some CapEx of tangible assets. So we're gonna need that from the assumptions above. So we'll go up to find the assumption and that CapEx is forecast as a percentage of insurance provisions. So we're gonna need to multiply that by the sum of our insurance provisions. So we're gonna need to go down now to find those provisions.

And we need the P&C provisions and also the life insurance provisions. So that gives us our CapEx amount. And now we just need to deduct the depreciation figure. So again, we're gonna need to go up to our assumptions and we just multiply that by the beginning balance on our tangible assets. Now we can sum those together and that gives us our ending balance. So now we can take the ending balance for both our intangible and our tangible assets and pop those into the balance sheet.

Now again, we've only done this for the first forecast year but when we finish building our balance sheet we'll roll forward all of these forecasts to the end of our forecast period.