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Tom

Bill

column A

long-term

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Hi, Tom here. Could I speak with Bill? Sorry, he's out. Can I take a message? Thanks. It's about some queries Bill had about the balance sheet I prepared. Which balance sheet exactly? The one for the last financial year? Actually, it was the one for the last quarter. OK, got that. There were several things Bill wanted to check. Firstly, he asked about the liabilities figures. He thought the figures in column A might be for current liabilities, but in fact those figures indicate the long-term ones. OK, I've got that. What next? The assets figures. He wondered exactly what they cover. Actually, I've put the current assets there, but I've still got to work out the fixed assets and the intangible assets before I include them. Thanks. Anything else? One last thing. Also about assets. Bill wasn't sure what the figures in brackets in section four refer to. He thought they might represent average figures for the last two years or something like that. In fact, they show losses over that period. Thanks. I'll pass all that on.