Smalto Holding Balance Sheet

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

Millions EUR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2009	FY 2008	FY 2007
Period Ending	Mar '09 Mar 31, 2009	Mar '08 Mar 31, 2008	Mar '07 Mar 31, 2007
Cash & Equivalents	0.03	0.01	0
Short-Term Investments	0.36	-	-
Cash & Short-Term Investments	0.39	0.01	0
Cash Growth	2789.22%	5060.39%	-
Accounts Receivable	1.1	1.51	3.71
Other Receivables	25.74	23.94	14.26
Receivables	26.84	25.45	17.98
Inventory	-	0.04	-
Prepaid Expenses	0.06	0.03	0.02
Other Current Assets	-	0	-
Total Current Assets	27.29	25.53	18
Property, Plant & Equipment	0.04	0.02	0.03
Long-Term Investments	8.98	3.4	4.6
Other Long-Term Assets	-	-0	-
Total Assets	36.32	28.96	22.62
Accounts Payable	1.02	1.44	2.28
Accrued Expenses	0.31	-	0.77
Short-Term Debt	1.63	-	-
Current Income Taxes Payable	0	0.3	0
Other Current Liabilities	1.29	-	-
Total Current Liabilities	4.25	1.75	3.05
Long-Term Debt	10	1.5	1.47
Other Long-Term Liabilities	0.03	23.48	21.4
Total Liabilities	14.27	26.73	25.92
Common Stock	3.05	0.08	0.08
Additional Paid-In Capital	14.19	-	-
Retained Earnings	1.89	-0.77	-6.3
Comprehensive Income & Other	2.93	2.93	2.93
Shareholders' Equity	22.05	2.23	-3.3
Total Liabilities & Equity	36.32	28.96	22.62
Total Debt	11.63	1.5	1.47
Net Cash (Debt)	-11.24	-1.49	-1.47
Net Cash Per Share	-0.33	-	-
Filing Date Shares Outstanding	15.23	-	-
Total Common Shares Outstanding	15.23	-	-
Working Capital	23.04	23.79	14.95
Book Value Per Share	1.45	-	-
Tangible Book Value	22.05	2.23	-3.3
Tangible Book Value Per Share	1.45	-	-
Buildings	0.02	-	-
Machinery	0.14	-	0.15

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