No global time?

Does anyone else think it's weird that you can't see a global time? Or atleast an indication of the time where the playhead is?

For exmaple. I am co-editing a video and I have a edit note:

"at 1:45 can you add in the logo1/png"

So in new iMovie I only see this...

How can I find 1:45? Bloody stupid. Am I supposed to guess? All i can see is 1.1m and 2.1m... know what I mean?

If I am being daft please tell me....

Thanks,