Asia Broadband Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2004	FY 2003	FY 2002
Period Ending	Dec '04 Dec 31, 2004	Dec '03 Dec 31, 2003	Dec '02 Dec 31, 2002
Revenue	0.05	-	-
Gross Profit	0.05	-	-
Selling, General & Admin	1.51	1.23	0.77
Research & Development	0.56	0.1	0.02
Operating Expenses	3.13	2.03	0.9
Operating Income	-3.08	-2.03	-0.9
Interest Expense	-0.18	-0.02	-0.01
Interest & Investment Income	0.01	0	0.04
Other Non Operating Income (Expenses)	0	0.01	0
EBT Excluding Unusual Items	-3.24	-2.04	-0.87
Impairment of Goodwill	-0.03	-0.14	-
Other Unusual Items	-	-0.04	-
Pretax Income	-3.27	-2.21	-0.87
Earnings From Continuing Operations	-3.27	-2.21	-0.87
Minority Interest in Earnings	0.04	0.04	0.06
Net Income	-3.24	-2.17	-0.81
Net Income to Common	-3.24	-2.17	-0.81
Shares Outstanding (Basic)	35	23	17
Shares Outstanding (Diluted)	35	23	17
Shares Change (YoY)	50.30%	37.50%	-
EPS (Basic)	-0.09	-0.09	-0.05
EPS (Diluted)	-0.09	-0.09	-0.05
Free Cash Flow	-2.07	-0.81	-0.84
Free Cash Flow Per Share	-0.06	-0.03	-0.05
Gross Margin	100.00%	-	-
Operating Margin	-6092.31%	-	-
Profit Margin	-6407.43%	-	-
Free Cash Flow Margin	-4099.78%	-	-
EBITDA	-3.05	-2.02	-0.87
D&A For EBITDA	0.02	0.02	0.04
EBIT	-3.08	-2.03	-0.9
Revenue as Reported	0.05	-	-

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