| Balance Sheet for NovAtel Inc. (NGPS) | | | | | | | Assets | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Cash and Equivalents | 3,307 | 2,340 | 7,458 | 10,092 | 4,176 | | Marketable Securities | 39,018 | 27,829 | 12,009 | - | - | | Receivables | 12,872 | 11,675 | 10,516 | 7,130 | 7,813 | | Inventories | 6,932 | 4,674 | 4,326 | 3,712 | 3,037 | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 65,505 | 49,071 | 35,605 | 21,212 | 15,206 | | | Gross Fixed Assets | 12,685 | 8,897 | 9,466 | 10,752 | 7,467 | | Accumulated Depreciation | (7,467) | (6,236) | (6,593) | (7,880) | (5,904) | | Net Fixed Assets | 5,218 | 2,661 | 2,873 | 2,872 | 1,563 | | Intangibles | 5,768 | 4,060 | 2,096 | 1,546 | 1,209 | | Other Non-Current Assets | 1,776 | 1,425 | 1,966 | 1,985 | 1,649 | | Total Non-Current Assets | 17,732 | 12,201 | 8,521 | 6,403 | 4,421 | | Total Assets | 83,237 | 61,272 | 44,125 | 27,615 | 19,628 | | | Liabilities | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Accounts Payable | 5,763 | 8,413 | 7,624 | 4,555 | 3,716 | | Short Term Debt | - | - | - | 78 | 58 | | Other Current Liabilities | 762 | 609 | 1,365 | 1,044 | 426 | | Total Current Liabilities | 12,410 | 11,003 | 10,334 | 7,255 | 6,074 | | | Long Term Debt | - | - | - | 165 | - | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | 791 | 294 | 378 | 440 | 435 | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 791 | 294 | 378 | 605 | 497 | | Total Liabilities | 13,200 | 11,298 | 10,712 | 7,860 | 6,570 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 70,036 | 49,975 | 33,414 | 19,755 | 13,056 | | Total Equity | 70,036 | 49,975 | 33,414 | 19,755 | 13,056 | | Total Liabilities & Stock Equity | 83,236 | 61,273 | 44,126 | 27,615 | 19,626 | | | |
