| Balance Sheet for P & F Industries Inc. (PFIN) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 1,334 | 1,340 | 1,772 | 1,190 | 213 | | Marketable Securities | - | - | - | - | - | | Receivables | 13,502 | 15,198 | 15,295 | 16,999 | 11,922 | | Inventories | 31,736 | 26,693 | 26,174 | 26,073 | 18,755 | | Other Current Assets | 56 | 877 | 700 | - | - | | Total Current Assets | 49,197 | 46,457 | 46,547 | 46,716 | 33,135 | | | Gross Fixed Assets | 24,726 | 16,141 | 14,482 | 20,851 | 25,581 | | Accumulated Depreciation | (10,010) | (8,411) | (7,621) | (11,216) | (12,840) | | Net Fixed Assets | 14,716 | 7,729 | 6,862 | 9,635 | 12,741 | | Intangibles | 11,104 | 10,897 | 32,616 | 33,520 | 12,335 | | Other Non-Current Assets | 214 | 312 | 808 | 667 | 121 | | Total Non-Current Assets | 34,073 | 43,860 | 40,286 | 43,822 | 25,197 | | Total Assets | 83,270 | 90,317 | 86,834 | 90,538 | 58,332 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 5,042 | 7,692 | 2,927 | 3,355 | 3,302 | | Short Term Debt | 14,305 | 10,560 | 7,059 | 7,062 | 4,526 | | Other Current Liabilities | 555 | 2,124 | 3,724 | 1,601 | - | | Total Current Liabilities | 25,197 | 25,602 | 18,567 | 17,186 | 12,175 | | | Long Term Debt | 19,744 | 12,060 | 19,573 | 31,848 | 8,724 | | Deferred Income Tax | - | 1,134 | 978 | 337 | 455 | | Other Non-Current Liabilities | 342 | - | - | - | - | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 20,087 | 13,194 | 20,551 | 32,185 | 9,179 | | Total Liabilities | 45,284 | 38,796 | 39,117 | 49,371 | 21,354 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 37,986 | 51,521 | 47,716 | 41,168 | 36,978 | | Total Equity | 37,986 | 51,521 | 47,716 | 41,168 | 36,978 | | Total Liabilities & Stock Equity | 83,270 | 90,317 | 86,834 | 90,538 | 58,332 | | | |
