WES 1.10% $64.44 wesfarmers limited

CK and others,Taking a look at their latest investment...

  1. 3,160 Posts.
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    CK and others,

    Taking a look at their latest investment conference in mar 07.

    It says for 06 - Total assests is $7.515b, Net borrowings $1.458b but then Shareholders' Equity is only $3.166b.

    I don't understand. I thought it would be Assets - Liabilities. and then why is it nowhere near the market cap of $14.3b as of today?
 
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