| Balance Sheet for Gerdau S.A. (GGB) | | | | After Hours: $ 5.60 |  -0.38 (-6.35%) | Volume: 29.07 k | 4:30 PM EDT Oct 10, 2008 | | | | | | | Assets | in Millions of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 1,138 | 485 | 532 | 249 | 93 | | Marketable Securities | 1,758 | 2,483 | 1,761 | 405 | 236 | | Receivables | 1,781 | 1,283 | 780 | 835 | 466 | | Inventories | 3,417 | 2,381 | 1,662 | 1,594 | 798 | | Other Current Assets | 475 | 347 | 157 | 129 | 94 | | Total Current Assets | 8,680 | 7,084 | 4,976 | 3,323 | 1,760 | | | Gross Fixed Assets | 12,735 | 8,985 | 5,715 | 4,440 | 3,690 | | Accumulated Depreciation | (4,115) | (2,995) | (2,197) | (1,650) | (1,386) | | Net Fixed Assets | 8,620 | 5,991 | 3,518 | 2,790 | 2,304 | | Intangibles | 609 | - | - | 141 | 120 | | Other Non-Current Assets | 1,389 | 889 | 478 | 444 | 356 | | Total Non-Current Assets | 14,291 | 7,404 | 4,326 | 3,529 | 3,011 | | Total Assets | 22,971 | 14,489 | 9,302 | 6,852 | 4,771 | | | Liabilities | in Millions of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 1,455 | 1,113 | 676 | 628 | 373 | | Short Term Debt | 1,418 | 1,065 | 567 | 673 | 798 | | Other Current Liabilities | 852 | 721 | 434 | 345 | 281 | | Total Current Liabilities | 3,781 | 2,924 | 1,681 | 1,712 | 1,459 | | | Long Term Debt | 7,564 | 3,572 | 2,647 | 1,625 | 1,288 | | Deferred Income Tax | 853 | 416 | 142 | 59 | 72 | | Other Non-Current Liabilities | 965 | 763 | 367 | 291 | 284 | | Minority Interest | 2,805 | 1,882 | 921 | 642 | 265 | | Total Non-Current Liabilities | 12,187 | 6,634 | 4,077 | 2,617 | 1,909 | | Total Liabilities | 15,967 | 9,558 | 5,758 | 4,330 | 3,368 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 7,003 | 4,931 | 3,544 | 2,523 | 1,403 | | Total Equity | 7,003 | 4,931 | 3,544 | 2,523 | 1,403 | | Total Liabilities & Stock Equity | 22,971 | 14,489 | 9,302 | 6,852 | 4,771 | | | |
