| Balance Sheet for GIII Apparel Group LTD. (GIII) | | | | | | | Assets | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Cash and Equivalents | 38,341 | 12,026 | 7,031 | 16,574 | 16,072 | | Marketable Securities | - | - | - | - | - | | Receivables | 66,944 | 60,960 | 45,751 | 24,783 | 19,304 | | Inventories | 59,934 | 38,111 | 30,395 | 24,108 | 28,361 | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 183,765 | 126,129 | 95,122 | 72,709 | 72,560 | | | Gross Fixed Assets | 7,873 | 21,993 | 19,504 | 16,848 | 15,616 | | Accumulated Depreciation | (2,612) | (16,352) | (15,208) | (14,498) | (13,647) | | Net Fixed Assets | 5,261 | 5,641 | 4,296 | 2,350 | 1,969 | | Intangibles | 11,143 | 11,971 | 15,287 | - | - | | Other Non-Current Assets | 1,839 | 1,983 | 2,696 | 3,486 | 4,227 | | Total Non-Current Assets | 53,933 | 47,401 | 43,195 | 7,886 | 8,136 | | Total Assets | 237,698 | 173,529 | 138,317 | 80,595 | 80,696 | | | Liabilities | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Accounts Payable | 24,290 | 12,430 | 9,749 | 6,565 | 6,155 | | Short Term Debt | - | 188 | 208 | 202 | 82 | | Other Current Liabilities | 9,242 | 6,602 | 5,649 | 104 | 1,659 | | Total Current Liabilities | 63,351 | 44,271 | 33,925 | 12,841 | 15,172 | | | Long Term Debt | - | 13,143 | 21,750 | - | - | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | 473 | 474 | 631 | 824 | 252 | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 473 | 13,617 | 22,381 | 824 | 252 | | Total Liabilities | 63,824 | 57,888 | 56,306 | 13,665 | 15,424 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 173,874 | 115,642 | 82,011 | 66,930 | 65,272 | | Total Equity | 173,874 | 115,642 | 82,011 | 66,930 | 65,272 | | Total Liabilities & Stock Equity | 237,698 | 173,530 | 138,317 | 80,595 | 80,696 | | | |
