| Cash Flow for Gaming Partners International Corp. (GPIC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 240 | 5,129 | 4,328 | 2,614 | 1,233 | | Depreciation & Amortization | 2,272 | 2,151 | 1,558 | 1,673 | 1,796 | | Deferred Income Taxes | 632 | (164) | (1,126) | (1,008) | (24) | | Operating Losses | 205 | (139) | 1,561 | (184) | 156 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (1,722) | 861 | (1,609) | (88) | 349 | | Decrease in Inventories | (285) | 1,120 | (3,434) | (1,930) | 116 | | Decrease in Other Current Assets | - | 9 | (782) | (269) | 774 | | Increase in Payables | (4) | (784) | (74) | 2,128 | (1,541) | | Increase in Other Current Liabilities | (749) | (9,448) | 8,263 | 4,890 | (99) | | Decrease in Other Working Capital | (1) | - | - | - | - | | Other Non-Cash Items | 234 | (304) | - | - | - | | Net Cash from Continuing Operations | 1,446 | (1,282) | 8,967 | 8,150 | 3,086 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 1,446 | (1,282) | 8,967 | 8,150 | 3,086 | | | | Sale of Property, Plant, Equipment | 58 | 30 | 52 | - | 450 | | Sale of Short Term Investments | 25,482 | 30,280 | 24,211 | 10,258 | 11,955 | | | Purchase of Property, Plant, Equipment | (2,686) | (5,262) | (3,781) | (2,879) | (2,214) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | (24,881) | (23,866) | (29,137) | (12,202) | (12,770) | | Other Investment Changes, Net | - | (66) | (1,953) | (296) | 25 | | Cash from Investing Activities | (2,027) | 1,116 | (10,608) | (5,119) | (2,554) | | | Issuance of Debt | - | 1,884 | - | 599 | 446 | | Issuance of Capital Stock | 97 | 764 | 700 | 649 | - | | | Repayment of Debt | (1,089) | (932) | (1,048) | (794) | (665) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | (1,011) | - | - | - | | Other Financing Charges, Net | 20 | 529 | (787) | - | - | | Cash from Financing Activities | (972) | 1,234 | (1,135) | 454 | (219) | | | | Effect of Exchange Rate Changes | 292 | 247 | (663) | 341 | 1,540 | | Net Change in Cash | (1,261) | 1,315 | (3,439) | 3,826 | 1,853 | | | Cash at Beginning of Year | 5,888 | 4,573 | 8,012 | 4,186 | 2,333 | | Cash at End of Period | 4,627 | 5,888 | 4,573 | 8,012 | 4,186 | | | |
