| Balance Sheet for Targacept Inc. (TRGT) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | | | Cash and Equivalents | 53,403 | 41,744 | 24,851 | | Marketable Securities | 33,637 | 12,445 | - | | Receivables | 4,197 | 23,368 | 118 | | Inventories | 140 | 174 | 42 | | Other Current Assets | - | - | - | | Total Current Assets | 92,413 | 78,853 | 25,741 | | | Gross Fixed Assets | 12,629 | 7,693 | 6,620 | | Accumulated Depreciation | (6,515) | (5,652) | (4,872) | | Net Fixed Assets | 6,115 | 2,040 | 1,748 | | Intangibles | 437 | 475 | 513 | | Other Non-Current Assets | - | - | - | | Total Non-Current Assets | 6,552 | 2,516 | 2,260 | | Total Assets | 98,965 | 81,368 | 28,001 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | | | Accounts Payable | 2,296 | 1,982 | 1,174 | | Short Term Debt | 919 | 593 | 784 | | Other Current Liabilities | - | - | 403 | | Total Current Liabilities | 15,196 | 8,950 | 5,210 | | | Long Term Debt | 1,686 | 816 | 1,409 | | Deferred Income Tax | - | - | - | | Other Non-Current Liabilities | 30,499 | 6,604 | 235 | | Minority Interest | - | - | - | | Total Non-Current Liabilities | 32,185 | 7,420 | 185,272 | | Total Liabilities | 47,381 | 16,370 | 190,482 | | | Preferred Stock Equity | - | - | - | | Common Stock Equity | 51,584 | 64,999 | (162,481) | | Total Equity | 51,584 | 64,999 | (162,481) | | Total Liabilities & Stock Equity | 98,965 | 81,368 | 28,001 | | | |
