C.A. Fábrica Nacional de Cementos S.A.C.A. (CCSE: FNC)

CCSE: FNC Balance Sheet

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

Fiscal Year	TTM	FY 2007	FY 2006	FY 2005	FY 2004	FY 2003
Period Ending	Sep 30, 2008	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004	Dec 31, 2003
Cash & Equivalents	36.14	83,487	141,127	128,978	122,962	55,244
Cash & Short-Term Investments	36.14	83,487	141,127	128,978	122,962	55,244
Cash Growth	-99.97%	-40.84%	9.42%	4.89%	122.58%	-7.97%
Accounts Receivable	16.96	6,511	650.27	9,412	5,648	4,762
Other Receivables	17.66	21,720	19,583	13,300	10,116	18,151
Receivables	34.62	28,232	20,234	22,712	15,764	22,913
Inventory	67	69,828	47,949	28,468	20,570	22,912
Prepaid Expenses	1.83	1,204	1,316	691.4	753.03	885.84
Other Current Assets	35.89	64,587	24,976	5,623	2,177	2,854
Total Current Assets	184.87	257,316	243,756	190,401	166,805	108,843
Property, Plant & Equipment	181.21	106,049	84,700	58,155	45,984	52,449
Long-Term Investments	69.03	358.18	358.18	292.49	288.2	806.89
Goodwill	-	18,014	19,551	17,231	15,813	14,765
Other Long-Term Assets	-	39,779	41,072	39,029	34,772	32,678
Total Assets	435.39	421,516	389,437	305,109	263,662	209,542
Accounts Payable	114.17	103,251	73,274	38,243	30,692	34,213
Accrued Expenses	14.2	7,744	12,026	9,790	7,415	4,236
Short-Term Debt	22	-	552.56	-	-	-
Current Income Taxes Payable	3.32	5,477	26,228	16,897	22,136	8,697
Other Current Liabilities	53.27	68,870	11,039	27,192	19,521	4,174
Total Current Liabilities	206.97	185,341	123,120	92,122	79,764	51,321
Long-Term Unearned Revenue	-	1,603	2,116	2,040	2,218	2,675
Other Long-Term Liabilities	3.65	3,671	3,876	3,964	596.19	817.14
Total Liabilities	210.61	190,616	129,111	98,126	85,357	54,813
Common Stock	181.58	149,085	149,085	121,745	104,086	91,017
Retained Earnings	43.2	69,406	97,431	75,997	66,577	56,645
Total Common Equity	224.77	218,491	246,516	197,743	170,663	147,662
Minority Interest	-	12,409	13,809	9,241	7,642	7,067
Shareholders' Equity	224.77	230,900	260,326	206,983	178,305	154,729
Total Liabilities & Equity	435.39	421,516	389,437	305,109	263,662	209,542
Total Debt	22	-	552.56	-	-	-
Net Cash (Debt)	14.14	83,487	140,574	128,978	122,962	55,244
Net Cash Growth	-99.99%	-40.61%	8.99%	4.89%	122.58%	-7.97%
Net Cash Per Share	-	1029.67	1733.75	1590.73	1516.53	681.34
Filing Date Shares Outstanding	-	81.08	81.08	81.08	81.08	81.08
Total Common Shares Outstanding	-	81.08	81.08	81.08	81.08	81.08
Working Capital	-22.1	71,974	120,636	98,280	87,041	57,522
Book Value Per Share	-	2694.73	3040.37	2438.83	2104.84	1821.16
Tangible Book Value	224.77	200,478	226,965	180,512	154,850	132,896
Tangible Book Value Per Share	-	2472.56	2799.24	2226.32	1909.82	1639.06
Land	-	225,541	224,477	187,253	163,642	145,266
Machinery	-	1,211,564	1,174,257	942,598	804,593	702,102
Construction In Progress	-	25,139	28,508	16,194	5,043	5,647

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