| Balance Sheet for China BAK Battery Inc. (CBAK) | | | | | | | Assets | in Thousands of Dollars | | | 09/2007 | 09/2006 | 09/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 14,197 | 21,100 | 33,056 | 16 | 0 | | Marketable Securities | - | - | - | - | - | | Receivables | 63,882 | 64,332 | 44,136 | - | - | | Inventories | 59,827 | 47,389 | 21,696 | - | - | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 143,929 | 146,927 | 119,728 | 16 | 0 | | | Gross Fixed Assets | 164,424 | 119,332 | 73,212 | - | 4 | | Accumulated Depreciation | (19,301) | (9,926) | (5,874) | - | (1) | | Net Fixed Assets | 145,123 | 109,406 | 67,338 | - | 3 | | Intangibles | 121 | 75 | 53 | - | - | | Other Non-Current Assets | 17,884 | 3,161 | 567 | - | - | | Total Non-Current Assets | 163,300 | 112,728 | 67,958 | - | 3 | | Total Assets | 307,229 | 259,655 | 187,686 | 16 | 3 | | | Liabilities | in Thousands of Dollars | | | 09/2007 | 09/2006 | 09/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 45,589 | 48,316 | 17,837 | - | - | | Short Term Debt | 89,871 | 67,900 | 39,545 | - | - | | Other Current Liabilities | - | 29,506 | 9,572 | 20 | 42 | | Total Current Liabilities | 150,926 | 145,722 | 99,728 | 20 | 42 | | | Long Term Debt | 29,291 | - | - | - | - | | Deferred Income Tax | 280 | 305 | - | - | - | | Other Non-Current Liabilities | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 29,571 | 305 | - | - | - | | Total Liabilities | 180,497 | 146,027 | 99,728 | 20 | 42 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 126,732 | 113,628 | 87,958 | (4) | (39) | | Total Equity | 126,732 | 113,628 | 87,958 | (4) | (39) | | Total Liabilities & Stock Equity | 307,229 | 259,655 | 187,686 | 16 | 3 | | | |
