| Balance Sheet for Valencia Ventures Inc. (VVI:CA) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 1,588 | 289 | 32 | 218 | 2,711 | | Marketable Securities | 1,771 | - | - | - | - | | Receivables | 757 | 264 | 22 | 103 | 310 | | Inventories | - | - | - | - | - | | Other Current Assets | - | 560 | 1,086 | 3,000 | - | | Total Current Assets | 4,210 | 1,449 | 1,196 | 3,364 | 3,097 | | | Gross Fixed Assets | 9,672 | 5,656 | 2,870 | 1,619 | 232 | | Accumulated Depreciation | (228) | (221) | (213) | (202) | (191) | | Net Fixed Assets | 9,444 | 5,435 | 2,657 | 1,416 | 41 | | Intangibles | - | - | - | - | - | | Other Non-Current Assets | 500 | 750 | 750 | 500 | 3,605 | | Total Non-Current Assets | 9,944 | 6,185 | 3,407 | 1,916 | 3,646 | | Total Assets | 14,154 | 7,634 | 4,603 | 5,280 | 6,743 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 1,164 | 201 | 466 | 88 | 55 | | Short Term Debt | - | - | 4,362 | 485 | 936 | | Other Current Liabilities | 5,185 | 5,330 | - | - | - | | Total Current Liabilities | 6,349 | 5,531 | 4,828 | 573 | 991 | | | Long Term Debt | - | - | 1,955 | 1,364 | 1,301 | | Deferred Income Tax | 190 | 165 | 262 | - | 33 | | Other Non-Current Liabilities | 1,542 | 1,326 | - | - | - | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 1,732 | 1,491 | 2,217 | 1,364 | 1,334 | | Total Liabilities | 8,081 | 7,022 | 7,045 | 1,937 | 2,325 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 6,073 | 612 | (2,442) | 3,344 | 4,418 | | Total Equity | 6,073 | 612 | (2,442) | 3,344 | 4,418 | | Total Liabilities & Stock Equity | 14,154 | 7,634 | 4,603 | 5,280 | 6,743 | | | |
