| Balance Sheet for Norsat International Inc. (NSATF) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 685 | 1,539 | 1,539 | 4,149 | 2,004 | | Marketable Securities | 100 | 60 | 32 | 60 | 194 | | Receivables | 3,426 | 2,403 | 2,541 | 1,639 | 1,426 | | Inventories | 4,182 | 2,967 | 3,417 | 2,861 | 2,062 | | Other Current Assets | - | - | - | - | 32 | | Total Current Assets | 8,510 | 7,290 | 8,421 | 8,899 | 5,855 | | | Gross Fixed Assets | 8,083 | 7,119 | 8,814 | 8,306 | 7,622 | | Accumulated Depreciation | (7,093) | (5,991) | (8,200) | (7,431) | (6,471) | | Net Fixed Assets | 990 | 1,129 | 614 | 874 | 1,151 | | Intangibles | - | - | - | 367 | 342 | | Other Non-Current Assets | 10 | 12 | 15 | 26 | 38 | | Total Non-Current Assets | 1,000 | 1,140 | 628 | 1,268 | 1,531 | | Total Assets | 9,510 | 8,430 | 9,050 | 10,167 | 7,386 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 1,279 | 1,430 | 2,271 | 608 | 296 | | Short Term Debt | 499 | 1,936 | - | - | - | | Other Current Liabilities | - | - | 45 | 43 | 725 | | Total Current Liabilities | 3,667 | 5,355 | 4,267 | 2,196 | 2,382 | | | Long Term Debt | - | - | 1,727 | 1,223 | 987 | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | 57 | - | - | - | - | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 57 | - | 1,727 | 1,223 | 987 | | Total Liabilities | 3,723 | 5,355 | 5,993 | 3,420 | 3,369 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 5,786 | 3,076 | 3,056 | 6,747 | 4,017 | | Total Equity | 5,786 | 3,076 | 3,056 | 6,747 | 4,017 | | Total Liabilities & Stock Equity | 9,510 | 8,430 | 9,050 | 10,167 | 7,386 | | | |
