| Balance Sheet for Regent Communications Inc. (RGCI) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 1,391 | 4,250 | 846 | 1,246 | 1,673 | | Marketable Securities | - | - | - | - | - | | Receivables | 15,685 | 16,538 | 13,224 | 13,618 | 13,554 | | Inventories | - | - | - | - | - | | Other Current Assets | 8,737 | 1,933 | 1,983 | 1,354 | 841 | | Total Current Assets | 25,813 | 22,721 | 16,053 | 16,218 | 16,068 | | | Gross Fixed Assets | 60,550 | 61,585 | 60,433 | 57,584 | 53,349 | | Accumulated Depreciation | (25,996) | (24,832) | (24,302) | (20,640) | (18,214) | | Net Fixed Assets | 34,554 | 36,753 | 36,131 | 36,944 | 35,135 | | Intangibles | 202,067 | 342,100 | 320,807 | 342,106 | 319,322 | | Other Non-Current Assets | 3,770 | 6,416 | 1,490 | 2,093 | 2,776 | | Total Non-Current Assets | 313,437 | 428,924 | 358,428 | 381,143 | 357,233 | | Total Assets | 339,250 | 451,645 | 374,481 | 397,361 | 373,301 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 1,495 | 1,710 | 1,558 | 1,772 | 2,366 | | Short Term Debt | 3,650 | 1,150 | 6,175 | 4,068 | 872 | | Other Current Liabilities | 698 | 4,498 | 3,188 | 3,710 | - | | Total Current Liabilities | 12,175 | 9,311 | 12,441 | 11,625 | 7,958 | | | Long Term Debt | 202,700 | 213,850 | 78,275 | 72,450 | 67,018 | | Deferred Income Tax | - | 6,748 | 20,834 | 23,495 | 13,831 | | Other Non-Current Liabilities | 6,761 | 2,576 | 875 | 965 | 696 | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 209,461 | 223,174 | 99,984 | 96,910 | 81,545 | | Total Liabilities | 221,636 | 232,485 | 112,425 | 108,535 | 89,503 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 117,614 | 219,160 | 262,056 | 288,826 | 283,798 | | Total Equity | 117,614 | 219,160 | 262,056 | 288,826 | 283,798 | | Total Liabilities & Stock Equity | 339,250 | 451,645 | 374,481 | 397,361 | 373,301 | | | |
