But a balance sheet is not a financial model. It shows how much money is in the bank, how much people owe the company - and how much the founders have loaned th

But a balance sheet is not a financial model. It shows how much money is in the bank, how much people owe the company - and how much the founders have loaned the company. PG might not personally read balance sheets but if nobody checks them at all, it would be pretty weird.