| Balance Sheet for Kirkland's Inc. COMMONSTOCK (KIRK) | | | | | | | Assets | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Cash and Equivalents | 5,820 | 25,358 | 14,968 | 17,912 | 17,423 | | Marketable Securities | - | - | - | - | - | | Receivables | 2,900 | - | - | 2,124 | - | | Inventories | 41,246 | 44,790 | 49,180 | 37,073 | 41,574 | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 57,934 | 78,220 | 72,831 | 64,652 | 68,380 | | | Gross Fixed Assets | 137,963 | 145,756 | 137,221 | 119,088 | 71,510 | | Accumulated Depreciation | (74,961) | (74,442) | (65,130) | (55,068) | (38,423) | | Net Fixed Assets | 63,002 | 71,314 | 72,091 | 64,020 | 33,087 | | Intangibles | - | - | - | 1,382 | 1,382 | | Other Non-Current Assets | 1,196 | 1,932 | 1,662 | 83 | 280 | | Total Non-Current Assets | 64,198 | 73,246 | 73,753 | 65,485 | 34,749 | | Total Assets | 122,132 | 151,466 | 146,584 | 130,137 | 103,129 | | | Liabilities | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Accounts Payable | 15,786 | 20,572 | 24,231 | 22,199 | 19,995 | | Short Term Debt | - | - | - | - | - | | Other Current Liabilities | - | 996 | 824 | 14,936 | 6,487 | | Total Current Liabilities | 41,352 | 47,364 | 43,173 | 37,135 | 40,567 | | | Long Term Debt | - | - | - | - | - | | Deferred Income Tax | - | 1,713 | 1,750 | 2,376 | 230 | | Other Non-Current Liabilities | 38,210 | 34,407 | 35,253 | 25,506 | 3,102 | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 38,210 | 36,120 | 37,003 | 27,882 | 3,332 | | Total Liabilities | 79,562 | 83,484 | 80,176 | 65,017 | 43,899 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 42,570 | 67,982 | 66,408 | 65,120 | 59,230 | | Total Equity | 42,570 | 67,982 | 66,408 | 65,120 | 59,230 | | Total Liabilities & Stock Equity | 122,132 | 151,466 | 146,584 | 130,137 | 103,129 | | | |
