What this is
Supersedes 's reading (levered First Avenue). 's arithmetic stands.
The values
- Non parent L: 72,755
- Non parent NA: 30,027
- FA debt to value % Forbes: 0
- FA NA estimate: 5,000 to 14,000
- TPC subsidiaries NA in table estimate: 14,727 to 23,727
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes:
Show the working
- Forbes 0% debt ⇒ the table's ¥72.8bn non-parent liabilities are mostly TPC subsidiaries'