| Balance Sheet for Brasil Telecom S.A. (BTM) | | | | | | | Assets | in Millions of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 1,335 | 1,189 | 740 | 903 | 506 | | Marketable Securities | 30 | 42 | - | - | - | | Receivables | 1,485 | 995 | 921 | 795 | 642 | | Inventories | 18 | 30 | 36 | 66 | - | | Other Current Assets | 285 | 93 | 128 | 144 | 55 | | Total Current Assets | 3,342 | 2,814 | 2,306 | 2,185 | 1,376 | | | Gross Fixed Assets | 17,367 | 14,874 | 14,530 | 12,131 | 10,386 | | Accumulated Depreciation | (14,187) | (11,817) | (10,812) | (8,602) | (7,084) | | Net Fixed Assets | 3,181 | 3,057 | 3,718 | 3,529 | 3,303 | | Intangibles | 589 | 544 | 137 | 325 | 183 | | Other Non-Current Assets | 934 | 428 | 332 | 240 | 277 | | Total Non-Current Assets | 5,406 | 4,670 | 4,853 | 4,369 | 4,017 | | Total Assets | 8,747 | 7,484 | 7,160 | 6,554 | 5,393 | | | Liabilities | in Millions of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 833 | 739 | 831 | 709 | 341 | | Short Term Debt | 212 | 465 | 637 | 415 | 687 | | Other Current Liabilities | 1,287 | 920 | 844 | 659 | 179 | | Total Current Liabilities | 2,458 | 2,160 | 2,346 | 1,811 | 1,380 | | | Long Term Debt | 2,026 | 1,853 | 1,463 | 1,574 | 913 | | Deferred Income Tax | 2 | - | - | - | - | | Other Non-Current Liabilities | 1,125 | 879 | 991 | 717 | 738 | | Minority Interest | 5 | 6 | 7 | 11 | 0 | | Total Non-Current Liabilities | 3,158 | 2,738 | 2,462 | 2,302 | 1,652 | | Total Liabilities | 5,616 | 4,898 | 4,807 | 4,113 | 3,031 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 3,131 | 2,586 | 2,353 | 2,441 | 2,362 | | Total Equity | 3,131 | 2,586 | 2,353 | 2,441 | 2,362 | | Total Liabilities & Stock Equity | 8,747 | 7,484 | 7,160 | 6,554 | 5,393 | | | |
