House = asset. Mortgage = Liability.
Machine = asset, Unprovided maintenance = Liability
Mortgage held by Bank = Asset, Mortgage owed to Bank = Liability.
The Media are continuing with the theory that a majority of New Zealand voters oppose "Selling State Owned Assets".
Lie, it is not the National Party Policy to sell the freekin assets, it is proposed to sell a minority share in some assets till NZ inc owns at a minimum, 51%.
If we continue with the ownership of all infrastructure in the State where will the burgeoning funds of "the Cullen fund, Kiwi saver, et al invest their money, Oh thats right, they will invest in other country's infrastructure. Exporting our funds to grow somewhere off shore?
How many in the Labour Party 2011 have any experience in owning, funding, managing and staffing a functioning business.
Now the serious stuff, just how many of the 60 percent (varies) who oppose sale of state assets, not forgetting it is not SALE but A PARTIAL SALE, have a modicum of knowledge of the real financial issues involved.
If continued sale of any part or all of any infrastructure assets still within the governments hands is so bad why are the socialists not promoting the repurchase of the remainder of Air NZ, Contact Energy, Telecom, the Post Office savings Bank, and all the other assets sold by previous governments where the Hon Phil Goff was a member of the executive .
Sheesh we know how much over the odds The History Teacher paid for the rubbish bits of Kiwi Rail.
I seriously question if anywhere near 50% of the voters in NZ have any real idea what the Partial sale of some Government owned assets involves as regards the real financial management aspects, leaving that figure opposed as not even an excuse for a "Fairy Tale".
One only has to listen to the uninformed lamenting the loss of "ALL" the Income when it will only be the possible 49% of the dividends anyway.
Clear evidence of the ignorance.