No, no, Mark, so I was going to say, so when we're bringing it back into the plant and machinery then and plant hire, you know, if I was sitting there as a business owner and I had a million pounds worth of actual plant and equipment, does that mean I'm just sticking a million pounds of what I think it is onto the sheets there? Would that be a right analogy or not for the valuation? No, not

necessarily.

If you had a million pounds worth of machinery... that machinery is required to generate the EBIT you've just valued.

Simply adding another million can effectively double the count of its contribution.

But surplus asset, excess cash or property not required for normal operations can be different.

Asset heavy businesses may also need a different valuation approach altogether.

you go in there and the asset register is probably one of the worst things that you'll see in some businesses there's plant there that they don't know they've got there's plant there that they've written down um people write things down completely different you think there'd be a standardization so some companies listening they'd hear that they do like a what they call a reducing balance so they start 100 pound and every year they reduce that by 20 say for example so there's 100 the next year straight away that's a simple maths it's eight it's 80 and then they're taking 20% the following year off the 80 so it's like reducing in a curve and a lot of people do that and that kind of sets a kind of a valuation in the old days that would have been the valuation of your equipment but now with auctions that are so prominent and data so much available the actual price of that asset is easy to find so not many people are valuing their equipment based on that That curve, they are on the books, but when it comes to it, they know it's slightly different.

element.