| Cash Flow for Caledonia Mining Corp. (CALVF) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (3,933) | 1,987 | (8,324) | (8,316) | (11,300) | | Depreciation & Amortization | - | - | - | - | - | | Deferred Income Taxes | - | - | - | - | - | | Operating Losses | (170) | - | 335 | 1,095 | 7,686 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (662) | 1,030 | (389) | (115) | (50) | | Decrease in Inventories | 3,678 | (2,801) | 359 | (352) | (67) | | Decrease in Other Current Assets | 105 | (270) | - | - | - | | Increase in Payables | (1,621) | 1,202 | 1,144 | 227 | (370) | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 842 | 126 | - | - | - | | Net Cash from Continuing Operations | (1,699) | 1,595 | (5,929) | (6,842) | (3,777) | | Net Cash from Discontinued Operations | (689) | (3,914) | - | - | - | | Cash from Operating Activities | (2,387) | (2,319) | (5,929) | (6,842) | (3,777) | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (3,272) | (2,281) | (4,544) | (3,178) | (1,769) | | Acquisitions | - | (737) | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | (3,272) | (3,810) | (4,544) | (3,178) | (1,769) | | | Issuance of Debt | 13 | - | 169 | - | - | | Issuance of Capital Stock | 4,410 | 6,489 | 5,665 | 11,929 | 7,397 | | | Repayment of Debt | - | (169) | - | - | (54) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | 4,429 | 6,320 | 5,834 | 11,929 | 7,343 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (1,230) | 191 | (4,638) | 1,909 | 1,797 | | | Cash at Beginning of Year | 1,307 | 924 | 5,564 | 3,483 | 1,447 | | Cash at End of Period | 77 | 1,114 | 925 | 5,392 | 3,244 | | | |
