Thank you.
In the observation, we were specifically talking about the financial statement discussion and analysis and the type of information that could help readers get a little bit below the numbers and a little bit into what the numbers mean. As you said, on the balance sheet there's a number for tangible capital assets of $69 billion. That number on its own doesn't tell you a lot. You can go back into the notes to the financial statements, and the notes will tell you what the original cost of all those tangible capital assets were and how much they have depreciated.
One of the measures that you see on this type of thing from time to time looks at that, what percentage of assets has been depreciated. That tells you, relative to their original capital cost, if the government's assets are almost at the end of their useful life or if they are at the beginning of their useful life. The figure $69 billion doesn't really tell you whether it's 69 billion dollars' worth of old assets or 69 billion dollars' worth of new assets, so this indicator helps people understand where the assets are in terms of their useful life.
The other thing is a comparison between how much the government spends on capital assets in a year compared to how much depreciation they record on the assets they already own, which, again, helps you understand whether the government is replenishing its assets at least as quickly as they are depreciating, knowing that you'd have to take into account that it costs more to replace an asset than it would have cost 10 or 20 years ago.
Those types of indicators are what we're talking about in that report. They can help people understand a little better the state of tangible capital assets just using the numbers that are already in the financial statements and not necessarily just the net book value.