It is comprised of the following three elements: 1  Assets: Something a business owns or controls (e.g. cash, inventory, plant and machinery, etc) 2  Liabilities: Something a business owes to someone (e.g. creditors, bank loans, etc) 3  Equity: What the business owes to its owners.
On December 26, 2002, Ritts died of complications from pneumonia at the age of 50. According to Ritts' publicist, Herb was HIV-positive, but this particular pneumonia was not PCP (pneumocystis pneumonia), a common opportunistic infection of AIDS. But at the end of the day, his immune system was compromised..
Mr. Gibb was the second Bee Gee and third Gibb brother to die. His fraternal twin and fellow Bee Gee, Maurice Gibb, died of complications of a twisted intestine in 2003 at 53. The youngest brother, Andy, who had a successful solo career, was 30 when he died of heart failure, in 1988.