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Total assets = £202m, Total Liabilities = £202m therefore reserve =?
jago25_98
Posts: 623 Forumite
Decided to post here as it's not something I'm serious about. Kind of made me chuckle.
Received this:
and turned to this page:
Total assets = £202m
Total liabilities = £202m
Does that mean there is no reserved capital?
The idea was to reassure that they hold your money, but flicking through the leaflet it just seemed to make me think the opposite! :rotfl:
It's intended for the layperson you remember. I couldn't figure out if any cash is in the liabilities section.
Received this:
and turned to this page:
Total assets = £202m
Total liabilities = £202m
Does that mean there is no reserved capital?
The idea was to reassure that they hold your money, but flicking through the leaflet it just seemed to make me think the opposite! :rotfl:
It's intended for the layperson you remember. I couldn't figure out if any cash is in the liabilities section.
Order of events: Banks lose our money -> get bailed out -> were inflating GBP to cover it -> now taxing us -> next will grab your funds direct -> things get really desperate to balance the books. What should have happened?: banks go bust and we lost our money much quicker
0
Comments
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What do you think the £6bn in 'General Reserves' are?
Re-read the liabilities bit and then think about it.0 -
Also subscribed capital at another 1.5 bn0
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Jago, you may just find that EVERY balance sheet you look at ... erm ... balances.
Strange concept, I know.0 -
Jago, you may just find that EVERY balance sheet you look at ... erm ... balances.
Strange concept, I know.
To be fair, most companies have a "equity" section with the balancing figures - because Nationwide are a BS and have no ordinary shareholders they present their accounts to different accounting standards0
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