Agro Pucalá Balance Sheet

Financials in millions PEN. Fiscal year is January - December.

Millions PEN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2003	FY 2002	FY 2001	FY 2000	FY 1999
Period Ending	Dec '03 Dec 31, 2003	Dec '03 Dec 31, 2003	Dec '02 Dec 31, 2002	Dec '01 Dec 31, 2001	Dec '00 Dec 31, 2000	Dec '99 Dec 31, 1999
Cash & Equivalents	0.01	0.01	0.82	0.01	0.14	0.45
Cash & Short-Term Investments	0.01	0.01	0.82	0.01	0.14	0.45
Cash Growth	-98.78%	-99.33%	7893.88%	-92.61%	-69.37%	-
Accounts Receivable	0.11	0.11	0.15	0.39	0.57	0.22
Other Receivables	2.1	2.1	9.41	9.44	10.58	7.07
Receivables	2.21	2.21	9.57	9.84	11.15	7.43
Inventory	13.7	13.7	21.33	12.54	15.49	10.67
Prepaid Expenses	0.02	0.02	0.08	-	-	1.49
Other Current Assets	0.88	0.88	0.89	1.12	1.71	4.06
Total Current Assets	16.82	16.82	32.69	23.5	28.49	24.1
Property, Plant & Equipment	399.33	399.33	402.75	388.85	400.34	431.38
Long-Term Investments	109.84	109.84	109.84	105.88	105.88	108.26
Other Long-Term Assets	9.23	9.23	1.84	3.82	4.73	-
Total Assets	535.22	535.22	547.11	522.05	539.43	563.75
Accounts Payable	23.21	23.21	22.22	16.35	18.44	17.54
Accrued Expenses	77.96	77.96	21.98	4.87	26.64	107.06
Short-Term Debt	27.88	27.88	21.93	18.52	20.23	2.93
Current Portion of Long-Term Debt	-	-	1.24	2.35	-	-
Current Income Taxes Payable	7.05	7.05	18.61	20.32	21.63	-
Current Unearned Revenue	2.67	2.67	2.78	4.23	6.94	-
Other Current Liabilities	12.39	12.39	8.45	4.28	0.59	56.48
Total Current Liabilities	151.15	151.15	97.22	70.91	94.48	184.01
Long-Term Debt	64.93	64.93	91.16	75.96	135.38	-
Long-Term Unearned Revenue	-	-	-	3.84	3.76	3.99
Other Long-Term Liabilities	74.96	74.96	72.59	70.67	59.29	77.55
Total Liabilities	291.05	291.05	260.97	221.38	292.91	279.02
Common Stock	279.64	279.64	279.64	277.56	269.27	275.32
Additional Paid-In Capital	99.86	99.86	99.86	96.23	33.16	33.91
Retained Earnings	-196.98	-196.98	-155.01	-132.56	-115.33	-85.26
Comprehensive Income & Other	61.65	61.65	61.65	59.43	59.43	60.77
Shareholders' Equity	244.17	244.17	286.14	300.66	246.52	284.73
Total Liabilities & Equity	535.22	535.22	547.11	522.05	539.43	563.75
Total Debt	92.82	92.82	114.33	96.83	155.61	2.93
Net Cash (Debt)	-92.81	-92.81	-113.51	-96.82	-155.47	-2.48
Net Cash Per Share	-4.45	-4.45	-5.44	-4.64	-7.45	-0.12
Filing Date Shares Outstanding	27.96	27.96	27.42	27.76	20.87	20.87
Total Common Shares Outstanding	27.96	27.96	27.42	27.76	20.87	20.87
Working Capital	-134.33	-134.33	-64.53	-47.4	-66	-159.91
Book Value Per Share	8.73	8.73	10.44	10.83	11.81	13.64
Tangible Book Value	244.17	244.17	286.14	300.66	246.52	284.73
Tangible Book Value Per Share	8.73	8.73	10.44	10.83	11.81	13.64
Land	354.4	354.4	354.4	341.7	341.7	351.18
Buildings	88.8	88.8	88.8	86.17	86.52	95.37
Machinery	32.08	32.08	32.25	27.66	36.18	48.64

Source: S&P Capital IQ. Standard template. Financial Sources.