| Balance Sheet for PacificNet Inc. (PACT) | | | | | | | Assets | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Cash and Equivalents | 1,900 | 9,579 | 6,764 | 3,823 | 3,694 | | Marketable Securities | 558 | - | - | - | - | | Receivables | 9,975 | 10,090 | 5,644 | 1,890 | 220 | | Inventories | 201 | 1,836 | 1,297 | 76 | - | | Other Current Assets | 4,173 | 7,973 | 4,325 | 286 | 97 | | Total Current Assets | 17,041 | 31,130 | 21,531 | 6,287 | 4,011 | | | Gross Fixed Assets | 6,026 | 10,670 | 5,672 | 4,942 | 526 | | Accumulated Depreciation | (1,315) | (6,370) | (4,554) | (4,476) | (242) | | Net Fixed Assets | 4,711 | 4,300 | 1,118 | 466 | 284 | | Intangibles | 323 | 14,227 | 8,912 | 420 | 19 | | Other Non-Current Assets | 13,255 | 949 | 1,092 | - | - | | Total Non-Current Assets | 24,841 | 19,476 | 11,122 | 886 | 303 | | Total Assets | 41,882 | 50,606 | 32,653 | 7,173 | 4,314 | | | Liabilities | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Accounts Payable | 1,266 | 3,186 | 3,150 | 1,007 | 224 | | Short Term Debt | 10,189 | 1,743 | 2,058 | 2,756 | 565 | | Other Current Liabilities | 3,811 | 1,071 | 10 | 722 | - | | Total Current Liabilities | 17,376 | 10,620 | 5,346 | 4,845 | 930 | | | Long Term Debt | 2,580 | 6 | 69 | 377 | - | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | - | - | - | - | - | | Minority Interest | 6,874 | 8,714 | 2,396 | (110) | 131 | | Total Non-Current Liabilities | 9,578 | 8,798 | 2,594 | 416 | 131 | | Total Liabilities | 26,954 | 19,418 | 7,940 | 5,261 | 1,061 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 14,928 | 31,188 | 24,713 | 1,912 | 3,253 | | Total Equity | 14,928 | 31,188 | 24,713 | 1,912 | 3,253 | | Total Liabilities & Stock Equity | 41,882 | 50,606 | 32,653 | 7,173 | 4,314 | | | |
