| Balance Sheet for VASCO Data Security International Inc. (VDSI) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 38,833 | 14,768 | 16,962 | 8,138 | 4,817 | | Marketable Securities | - | - | - | - | - | | Receivables | 30,640 | 20,584 | 12,172 | 5,965 | 2,523 | | Inventories | 7,076 | 4,275 | 1,570 | 1,346 | 1,075 | | Other Current Assets | 180 | 23 | 451 | 777 | 697 | | Total Current Assets | 78,917 | 41,320 | 32,179 | 17,122 | 9,658 | | | Gross Fixed Assets | 6,465 | 4,668 | 4,048 | 3,691 | 4,162 | | Accumulated Depreciation | (4,325) | (3,246) | (3,066) | (2,853) | (3,280) | | Net Fixed Assets | 2,140 | 1,422 | 982 | 838 | 882 | | Intangibles | 2,295 | 5,393 | 7,719 | 1,384 | 1,628 | | Other Non-Current Assets | 2,790 | 1,361 | 625 | 906 | 1,215 | | Total Non-Current Assets | 21,759 | 21,326 | 9,326 | 3,128 | 3,726 | | Total Assets | 100,676 | 62,646 | 41,505 | 20,250 | 13,383 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 7,757 | 7,579 | 4,753 | 3,065 | 1,698 | | Short Term Debt | - | 2,154 | 3,173 | - | - | | Other Current Liabilities | 4,008 | 1,396 | 1,547 | 435 | - | | Total Current Liabilities | 26,479 | 19,262 | 15,854 | 7,067 | 4,440 | | | Long Term Debt | - | - | - | - | - | | Deferred Income Tax | 611 | 520 | - | - | - | | Other Non-Current Liabilities | 2,047 | 658 | 256 | 152 | - | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 2,658 | 1,178 | 256 | 152 | - | | Total Liabilities | 29,137 | 20,440 | 16,110 | 7,219 | 4,440 | | | Preferred Stock Equity | - | - | - | 1,504 | 5,786 | | Common Stock Equity | 71,539 | 42,206 | 25,395 | 11,527 | 3,158 | | Total Equity | 71,539 | 42,206 | 25,395 | 13,031 | 8,944 | | Total Liabilities & Stock Equity | 100,676 | 62,646 | 41,505 | 20,250 | 13,383 | | | |
