Newtree Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004
Period Ending	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004
Cash & Equivalents	-	-	0.35	0.02	0.07
Short-Term Investments	2.97	3.83	0.12	1.35	0.08
Cash & Short-Term Investments	2.97	3.83	0.47	1.36	0.15
Cash Growth	-22.35%	713.52%	-65.39%	825.54%	49.21%
Accounts Receivable	1.19	1.37	1.29	0.55	0.29
Other Receivables	0.11	0.06	0.05	0.09	0.05
Receivables	1.3	1.43	1.34	0.63	0.34
Inventory	1.06	1.02	0.74	0.37	0.2
Prepaid Expenses	-	-	-	0.02	-
Other Current Assets	0	0	-	-	-
Total Current Assets	5.34	6.28	2.56	2.38	0.69
Property, Plant & Equipment	0.18	0.16	0.15	0.06	0.02
Long-Term Investments	-	-	-	0.24	0.02
Goodwill	0.77	0.86	0.11	-	-
Other Intangible Assets	0.51	0.34	0.14	0.08	0.04
Long-Term Deferred Charges	0.15	0.12	0.06	-	-
Other Long-Term Assets	0.03	0	0	-	0
Total Assets	6.98	7.75	3.02	2.75	0.77
Accounts Payable	0.82	0.94	0.71	0.5	0.28
Accrued Expenses	0.17	0.13	0.1	0.03	0.02
Current Portion of Long-Term Debt	0.01	0.04	0	-	0.02
Current Income Taxes Payable	0.01	0.08	0.14	0.05	-
Other Current Liabilities	0.04	0	0.05	0.17	-
Total Current Liabilities	1.05	1.19	1.01	0.75	0.32
Long-Term Debt	-	-	-	-	0.01
Other Long-Term Liabilities	0.07	0.04	0.01	0.01	0.01
Total Liabilities	1.12	1.23	1.02	0.76	0.34
Common Stock	0.78	0.78	0.57	0.56	0.44
Additional Paid-In Capital	6.31	6.31	1.52	1.38	-
Retained Earnings	-1.23	-0.62	-0.13	0.05	-0
Comprehensive Income & Other	0.01	0.03	0.03	0	-
Total Common Equity	5.88	6.5	1.98	2	0.43
Minority Interest	-0.01	0.01	0.02	-	-
Shareholders' Equity	5.86	6.52	2	2	0.43
Total Liabilities & Equity	6.98	7.75	3.02	2.75	0.77
Total Debt	0.01	0.04	0	-	0.03
Net Cash (Debt)	2.97	3.79	0.47	1.36	0.11
Net Cash Growth	-21.71%	713.45%	-65.75%	1105.87%	189.37%
Net Cash Per Share	2.73	3.49	0.59	-	0.20
Filing Date Shares Outstanding	1.09	1.09	0.79	-	0.61
Total Common Shares Outstanding	1.09	1.09	0.79	-	0.61
Working Capital	4.29	5.08	1.55	-	0.37
Book Value Per Share	5.41	5.99	2.51	-	0.72
Tangible Book Value	4.6	5.3	1.73	-	0.39
Tangible Book Value Per Share	4.24	4.89	2.19	-	0.65
Machinery	-	-	-	0.06	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.