| Balance Sheet for Western Goldfields Inc. (WGI:CA) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Cash and Equivalents | 43,570 | 6,410 | 61 | 1,842 | | Marketable Securities | - | - | - | - | | Receivables | 296 | 260 | 12 | 16 | | Inventories | 11,124 | 596 | 1,053 | 1,889 | | Other Current Assets | - | - | - | 5 | | Total Current Assets | 63,320 | 8,247 | 1,484 | 4,236 | | | Gross Fixed Assets | 84,466 | 12,175 | 8,189 | 8,418 | | Accumulated Depreciation | (7,049) | (3,777) | (2,524) | (1,382) | | Net Fixed Assets | 77,417 | 8,399 | 5,665 | 7,036 | | Intangibles | - | - | - | - | | Other Non-Current Assets | 35,410 | 9,233 | 8,988 | 9,530 | | Total Non-Current Assets | 149,706 | 17,632 | 14,653 | 16,566 | | Total Assets | 213,026 | 25,879 | 16,137 | 20,802 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Accounts Payable | 5,282 | 1,974 | 938 | 791 | | Short Term Debt | 8,756 | - | 2,564 | 3,600 | | Other Current Liabilities | - | - | 40 | - | | Total Current Liabilities | 17,477 | 2,947 | 4,409 | 5,335 | | | Long Term Debt | 56,576 | - | - | - | | Deferred Income Tax | - | - | - | - | | Other Non-Current Liabilities | 74,130 | 5,598 | 7,206 | 8,445 | | Minority Interest | - | - | - | - | | Total Non-Current Liabilities | 130,706 | 5,598 | 7,206 | 8,445 | | Total Liabilities | 148,183 | 8,546 | 11,615 | 13,780 | | | Preferred Stock Equity | - | - | 12 | 12 | | Common Stock Equity | 64,842 | 17,333 | 4,510 | 7,009 | | Total Equity | 64,842 | 17,333 | 4,522 | 7,021 | | Total Liabilities & Stock Equity | 213,026 | 25,879 | 16,137 | 20,802 | | | |
