| Balance Sheet for Harbin Electric Inc. (HRBN) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 07/2004 | | | Cash and Equivalents | 45,534 | 67,314 | 5,739 | 70 | | Marketable Securities | - | - | 1,006 | - | | Receivables | 23,543 | 8,901 | 5,843 | - | | Inventories | 2,571 | 583 | 1,343 | - | | Other Current Assets | 1,772 | 835 | 2,742 | - | | Total Current Assets | 73,420 | 77,633 | 16,677 | 70 | | | Gross Fixed Assets | 25,305 | 10,010 | 8,231 | 1 | | Accumulated Depreciation | (1,447) | (791) | (448) | (0) | | Net Fixed Assets | 23,858 | 9,220 | 7,783 | 1 | | Intangibles | 5,900 | 640 | 335 | - | | Other Non-Current Assets | 29,471 | 5,466 | - | - | | Total Non-Current Assets | 59,229 | 15,326 | 8,118 | 1 | | Total Assets | 132,649 | 92,959 | 24,795 | 71 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 07/2004 | | | Accounts Payable | 263 | 259 | 189 | 3 | | Short Term Debt | - | - | - | - | | Other Current Liabilities | 3,720 | 2,405 | 3 | 15 | | Total Current Liabilities | 4,067 | 2,771 | 192 | 18 | | | Long Term Debt | 33,122 | - | - | - | | Deferred Income Tax | - | - | - | - | | Other Non-Current Liabilities | 10,844 | 45,158 | - | - | | Minority Interest | - | - | - | - | | Total Non-Current Liabilities | 43,966 | 45,158 | - | - | | Total Liabilities | 48,033 | 47,929 | 192 | 18 | | | Preferred Stock Equity | - | - | - | - | | Common Stock Equity | 84,617 | 45,030 | 24,603 | 53 | | Total Equity | 84,617 | 45,030 | 24,603 | 53 | | Total Liabilities & Stock Equity | 132,649 | 92,959 | 24,795 | 71 | | | |
