| Balance Sheet for New Gold Inc. (NGD:CA) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 190,176 | 68,054 | 18,179 | 25,030 | 24,737 | | Marketable Securities | - | - | - | - | 2 | | Receivables | 3,513 | 1,123 | 326 | 243 | 85 | | Inventories | - | - | - | - | - | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 194,174 | 69,257 | 18,612 | 25,354 | 24,843 | | | Gross Fixed Assets | 152,477 | 63,710 | 23,303 | 582 | 3,661 | | Accumulated Depreciation | (1,380) | (311) | (164) | (74) | (34) | | Net Fixed Assets | 151,097 | 63,399 | 23,140 | 508 | 3,627 | | Intangibles | - | - | - | - | - | | Other Non-Current Assets | 123,565 | - | - | 5,934 | - | | Total Non-Current Assets | 274,662 | 63,399 | 23,140 | 6,442 | 3,627 | | Total Assets | 468,836 | 132,656 | 41,752 | 31,796 | 28,470 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 11,013 | 3,786 | 3,767 | 1,164 | 96 | | Short Term Debt | 212,761 | - | 30 | 23 | - | | Other Current Liabilities | - | - | - | - | 71 | | Total Current Liabilities | 223,774 | 3,786 | 3,798 | 1,187 | 167 | | | Long Term Debt | 35,189 | - | - | - | - | | Deferred Income Tax | 2,368 | 10,004 | 4,385 | 923 | 876 | | Other Non-Current Liabilities | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 37,557 | 10,004 | 4,385 | 953 | 876 | | Total Liabilities | 261,331 | 13,790 | 8,182 | 2,140 | 1,043 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 207,505 | 118,866 | 33,569 | 29,656 | 27,427 | | Total Equity | 207,505 | 118,866 | 33,569 | 29,656 | 27,427 | | Total Liabilities & Stock Equity | 468,836 | 132,656 | 41,752 | 31,796 | 28,470 | | | |
