| Balance Sheet for New Dragon Asia Corp (NWD) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 3,646 | 10,276 | 14,332 | 219 | 1,783 | | Marketable Securities | - | - | - | - | - | | Receivables | 9,223 | 8,835 | 7,194 | 8,934 | 8,218 | | Inventories | 22,050 | 11,598 | 7,630 | 3,990 | 2,763 | | Other Current Assets | 12,966 | 7,251 | 4,350 | 1,183 | 124 | | Total Current Assets | 48,015 | 38,152 | 34,126 | 14,326 | 12,888 | | | Gross Fixed Assets | 35,192 | 32,002 | 24,630 | 21,355 | 26,367 | | Accumulated Depreciation | (9,206) | (7,754) | (6,315) | (5,257) | (4,898) | | Net Fixed Assets | 25,986 | 24,248 | 18,315 | 16,098 | 21,469 | | Intangibles | 7,294 | 6,983 | 3,980 | 3,822 | - | | Other Non-Current Assets | - | - | 2,713 | - | - | | Total Non-Current Assets | 33,405 | 31,356 | 25,008 | 19,920 | 21,469 | | Total Assets | 81,420 | 69,508 | 59,134 | 34,246 | 34,357 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 2,982 | 2,723 | 2,696 | 2,696 | 4,565 | | Short Term Debt | - | - | - | - | 2,845 | | Other Current Liabilities | 6,625 | 15,713 | 2,452 | 4,220 | 3,357 | | Total Current Liabilities | 11,806 | 20,597 | 7,446 | 6,916 | 10,767 | | | Long Term Debt | - | - | - | - | - | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | 1,677 | 419 | 191 | 413 | 1,400 | | Minority Interest | 294 | 276 | 91 | 82 | - | | Total Non-Current Liabilities | 7,292 | 4,899 | 5,227 | 495 | 1,400 | | Total Liabilities | 19,098 | 25,496 | 12,673 | 7,411 | 12,167 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 62,322 | 44,012 | 46,461 | 26,835 | 22,190 | | Total Equity | 62,322 | 44,012 | 46,461 | 26,835 | 22,190 | | Total Liabilities & Stock Equity | 81,420 | 69,508 | 59,134 | 34,246 | 34,357 | | | |
