Model N Balance Sheet

Financials in millions EUR. Fiscal year is April - March.

Millions EUR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007	1996 - 2000
Period Ending	Mar '05 Mar 31, 2005	Mar '11 Mar 31, 2011	Mar '10 Mar 31, 2010	Mar '09 Mar 31, 2009	Mar '08 Mar 31, 2008	Mar '07 Mar 31, 2007	1996 - 2000
Cash & Equivalents	0.02	0.02	0.01	0.52	0.02	0.04	Upgrade
Short-Term Investments	0.14	0.04	0.04	0.14	0.04	0.04	Upgrade
Cash & Short-Term Investments	0.16	0.06	0.05	0.66	0.06	0.08	Upgrade
Cash Growth	-	20.73%	-92.03%	997.10%	-28.17%	-9.89%	Upgrade
Accounts Receivable	4.87	1.08	1	1.46	1.83	2.68	Upgrade
Other Receivables	0.1	0.14	0.37	0.8	0.65	0.39	Upgrade
Receivables	4.98	1.23	1.37	2.26	2.47	3.07	Upgrade
Inventory	2.42	1.97	2.41	2.46	2.11	2.92	Upgrade
Prepaid Expenses	0.1	0.2	1.16	1.26	0.17	0.14	Upgrade
Other Current Assets	0.08	-	-	0	0	-	Upgrade
Total Current Assets	7.72	3.45	4.99	6.64	4.82	6.21	Upgrade
Property, Plant & Equipment	0.79	0.16	0.12	0.21	0.67	0.62	Upgrade
Long-Term Investments	0.1	0.36	0.19	0.2	0.13	0.11	Upgrade
Goodwill	0.12	0.06	0.29	0.29	0.33	0.12	Upgrade
Other Intangible Assets	0.08	0.6	0.21	0.01	0.08	0.17	Upgrade
Long-Term Deferred Charges	0.09	-	-	-	-	-	Upgrade
Other Long-Term Assets	0.01	-	-	0	-0	-	Upgrade
Total Assets	8.92	4.64	5.79	7.34	6.02	7.23	Upgrade
Accounts Payable	4.14	1.71	1.08	2.76	1.92	2.74	Upgrade
Accrued Expenses	0.23	-	-	-	-	-	Upgrade
Short-Term Debt	-	3.12	4.7	3.35	1.84	1.68	Upgrade
Current Portion of Long-Term Debt	0.42	-	-	-	-	-	Upgrade
Current Income Taxes Payable	0.33	0.64	0.18	0.77	0.57	0.48	Upgrade
Current Unearned Revenue	-	0.34	-	-	-	-	Upgrade
Other Current Liabilities	-	-4.05	-4.19	-0.12	-0.07	-0.01	Upgrade
Total Current Liabilities	5.13	1.76	1.77	6.76	4.27	4.88	Upgrade
Long-Term Debt	0.89	-	-	-	-	-	Upgrade
Long-Term Unearned Revenue	0.23	-	-	-	-	-	Upgrade
Other Long-Term Liabilities	0.04	4.08	4.27	0.21	0.26	0.14	Upgrade
Total Liabilities	6.29	5.84	6.04	6.97	4.53	5.02	Upgrade
Common Stock	0.94	2.08	2.08	2.08	2.08	0.94	Upgrade
Additional Paid-In Capital	1.21	0.07	0.07	0.07	0.07	1.21	Upgrade
Retained Earnings	0.47	-3.41	-2.46	-1.84	-0.73	-0.08	Upgrade
Comprehensive Income & Other	-	0.06	0.06	0.06	0.06	0.14	Upgrade
Shareholders' Equity	2.62	-1.2	-0.25	0.37	1.49	2.21	Upgrade
Total Liabilities & Equity	8.92	4.64	5.79	7.34	6.02	7.23	Upgrade
Total Debt	1.31	3.12	4.7	3.35	1.84	1.68	Upgrade
Net Cash (Debt)	-1.16	-3.05	-4.65	-2.69	-1.78	-1.6	Upgrade
Net Cash Per Share	-0.31	-	-	-	-	-	Upgrade
Filing Date Shares Outstanding	3.78	-	-	-	-	-	Upgrade
Total Common Shares Outstanding	3.78	-	-	-	-	-	Upgrade
Working Capital	2.59	-	-	-	-	-	Upgrade
Book Value Per Share	0.70	-	-	-	-	-	Upgrade
Tangible Book Value	2.43	-	-	-	-	-	Upgrade
Tangible Book Value Per Share	0.64	-	-	-	-	-	Upgrade

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