the profit & lo s s a c c o u n t a n d c a s h f lo w s tat e m e n t The cash flow statement Let's now go back to your fortune hunting for a moment, Tom. Suppose you have discovered that Sarah's current net worth is actually £10m, having risen from £9m this time last year. You have seen the equivalent of her P&L which shows that this rise in her net wealth is due to all the interest on money in various deposit accounts. In short, you expect this increase in her already vast wealth to continue. How would you feel about her? I'd be down to the jewellers in a flash, although I have the feeling you're going to tell me that would be a mistake. I'm afraid so. Let me give you some more information about Sarah. Most of her money is tied up in a `trust' set up for her by her wealthy grandparents. All the interest on this money is kept in the trust as well. Although Sarah is the beneficiary of the trust and therefore effectively owns all the assets in it, she is not allowed access to them for another 10 years. Meanwhile, she's