This workout asks us to calculate the enterprise value And we're started off by being given total diluted equity value 540,060.46 So we need to get from that equity value to the enterprise value by going over EV equity bridge Underneath we've got a balance sheet which will provide lots of numbers to go into that bridge So start to us off Our total diluted equity value, we already have that given to us 540,060.46 We now need to go looking for any other items that we think might meet the criteria Well if we start from equity, I'm now looking for other sources of finance And I can see a couple here, I can see short term in the most recent year. That was 3,225 And I can also see some long-term debt, 1,995 So let's include both of them Short term debt and long-term debt, we type in those figures (3,225 and 1,995) Remember we only want the most recent information I don't see any other sources of finance here, so I now go looking for other uses of finance that will not go into the enterprise value Remember the kind of things we're looking here are non core assets, cash (that kind of thing) And right at the top, we see cash and cash equivalents 16,549 And also marketable securities, that's just something that you buy with that cash 56,517 but it's probably not to do with the core operations of the business So there's one other item that we know notice here and it's non marketable investments So probably slightly longer term than the short term investments and marketable securities we saw under current assets But nonetheless, probably not much to do with the operations of this business So let's put those numbers in here as well, so we had cash and cash equivalents, marketable securities and non marketable securities as well So 16,549 56,517 And 5,183 for non marketable So to bring this altogether for enterprise value, we start by taking the equity value We add on the other sources of finance Subtract the cash, marketable securities and not marketable securities And that will now get us to our enterprise value. And that figure is 467,031.5