Maybe I'll start, Mr. Chair.
The net debt figure number as referenced is on page 2.6, if you're looking at our financial statements.
It is on the same page in French.
The net debt is very much around liabilities less financial assets. That's the cash and things we can turn into cash, accounts receivable, for instance. That's what gets you to net debt. It is your liabilities less your financial assets, and the net debt is $714 billion.
Below that you'll see the non-financial assets. Those are the bridges, the buildings, the trucks. That's what gets you to accumulated deficits. In answer to the member's question on how we value those tangible assets, we start with what we paid for them and we depreciate them. If it's a bridge, it might be 50 years. If it's a truck, it might be 10 years. We do look at the assets to see if they're actually holding their value, because there are times when an asset is clearly not going to last as long as we had hoped, so we would write that down if that were the case. Those assets don't impact net debt. They do impact accumulated deficit.