| Balance Sheet for Omega Navigation Enterprises Inc. (ONAV) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | | | Cash and Equivalents | 8,893 | 3,862 | 5,058 | | Marketable Securities | - | - | - | | Receivables | 179 | 145 | 178 | | Inventories | 501 | 504 | - | | Other Current Assets | 1,265 | 82,917 | 502 | | Total Current Assets | 10,838 | 87,428 | 5,738 | | | Gross Fixed Assets | 486,058 | 357,838 | 87,864 | | Accumulated Depreciation | (24,704) | (7,207) | (2,374) | | Net Fixed Assets | 461,354 | 350,631 | 85,491 | | Intangibles | - | - | - | | Other Non-Current Assets | 50,293 | 5,772 | 1,163 | | Total Non-Current Assets | 511,647 | 356,403 | 86,654 | | Total Assets | 522,485 | 443,831 | 92,392 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | | | Accounts Payable | 869 | 1,496 | 290 | | Short Term Debt | 781 | 49,133 | - | | Other Current Liabilities | 5,790 | 4,161 | 77,693 | | Total Current Liabilities | 7,440 | 54,790 | 77,984 | | | Long Term Debt | 329,662 | 188,944 | - | | Deferred Income Tax | - | - | - | | Other Non-Current Liabilities | 509 | - | - | | Minority Interest | - | - | - | | Total Non-Current Liabilities | 330,171 | 188,944 | - | | Total Liabilities | 337,611 | 243,734 | 77,984 | | | Preferred Stock Equity | - | - | - | | Common Stock Equity | 184,874 | 200,097 | 14,408 | | Total Equity | 184,874 | 200,097 | 14,408 | | Total Liabilities & Stock Equity | 522,485 | 443,831 | 92,392 | | | |
