| Balance Sheet for Trafalgar Energy Ltd. (TFL:CA) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | | | Cash and Equivalents | 613 | 15,705 | - | | Marketable Securities | - | - | - | | Receivables | 2,947 | 2,605 | 40,368 | | Inventories | - | - | - | | Other Current Assets | - | - | - | | Total Current Assets | 3,772 | 18,761 | 42,826 | | | Gross Fixed Assets | 49,990 | 30,558 | 512,938 | | Accumulated Depreciation | (9,513) | (1,677) | (72,349) | | Net Fixed Assets | 40,477 | 28,882 | 440,589 | | Intangibles | - | - | 133,900 | | Other Non-Current Assets | - | - | 3,403 | | Total Non-Current Assets | 40,477 | 28,882 | 577,892 | | Total Assets | 44,249 | 47,642 | 620,718 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | | | Accounts Payable | 4,121 | 5,789 | 46,968 | | Short Term Debt | - | - | 6,449 | | Other Current Liabilities | - | - | 3,396 | | Total Current Liabilities | 4,121 | 5,789 | 56,813 | | | Long Term Debt | - | - | 71,049 | | Deferred Income Tax | - | - | 78,894 | | Other Non-Current Liabilities | 1,650 | 1,413 | 12,180 | | Minority Interest | - | - | - | | Total Non-Current Liabilities | 1,650 | 1,413 | 166,298 | | Total Liabilities | 5,771 | 7,202 | 223,111 | | | Preferred Stock Equity | - | - | - | | Common Stock Equity | 38,478 | 40,440 | 397,607 | | Total Equity | 38,478 | 40,440 | 397,607 | | Total Liabilities & Stock Equity | 44,249 | 47,642 | 620,718 | | | |
