| Balance Sheet for First Aviation Services Inc. (FAVS) | | | | | | | Assets | in Thousands of Dollars | | | 01/2007 | 01/2006 | 01/2005 | 01/2004 | 01/2003 | | | Cash and Equivalents | 1,745 | 9,488 | 22,584 | 25,144 | 26,013 | | Marketable Securities | - | - | - | - | - | | Receivables | 20,847 | 18,737 | 14,563 | 13,499 | 12,978 | | Inventories | 33,069 | 38,809 | 24,156 | 22,344 | 20,617 | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 57,140 | 68,385 | 62,203 | 62,019 | 61,402 | | | Gross Fixed Assets | 15,022 | 13,780 | 10,558 | 9,518 | 9,109 | | Accumulated Depreciation | (9,927) | (8,817) | (7,562) | (6,555) | (5,470) | | Net Fixed Assets | 5,095 | 4,963 | 2,996 | 2,963 | 3,639 | | Intangibles | - | - | - | - | - | | Other Non-Current Assets | - | - | - | - | - | | Total Non-Current Assets | 5,095 | 4,963 | 2,996 | 2,963 | 3,639 | | Total Assets | 62,235 | 73,348 | 65,199 | 64,982 | 65,041 | | | Liabilities | in Thousands of Dollars | | | 01/2007 | 01/2006 | 01/2005 | 01/2004 | 01/2003 | | | Accounts Payable | 12,880 | 15,441 | 10,495 | 9,561 | 10,324 | | Short Term Debt | 22,100 | - | - | - | 4 | | Other Current Liabilities | 189 | 1,012 | 900 | 939 | 1,009 | | Total Current Liabilities | 39,234 | 21,151 | 15,024 | 12,876 | 13,406 | | | Long Term Debt | 956 | 15,745 | 14,500 | 14,500 | 14,500 | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | - | - | - | - | - | | Minority Interest | - | - | 1,041 | 1,041 | 1,041 | | Total Non-Current Liabilities | 956 | 15,745 | 15,541 | 15,541 | 15,541 | | Total Liabilities | 40,188 | 36,896 | 30,565 | 28,417 | 28,947 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 22,045 | 36,452 | 34,634 | 36,565 | 36,094 | | Total Equity | 22,045 | 36,452 | 34,634 | 36,565 | 36,094 | | Total Liabilities & Stock Equity | 62,233 | 73,348 | 65,199 | 64,982 | 65,041 | | | |
