Affinity Beverage Group, Inc. (ABVG)

Affinity Beverage Group Income Statement

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

Fiscal Year	TTM	FY 2005	FY 2004	FY 2003
Period Ending	Sep 30, 2006	Dec 31, 2005	Dec 31, 2004	Dec 31, 2003
Revenue	0.52	0.52	2.39	3.05
Revenue Growth (YoY)	-44.07%	-78.19%	-21.72%	-
Cost of Revenue	0.54	0.54	0.87	0.72
Gross Profit	-0.02	-0.02	1.51	2.33
Selling, General & Admin	1.22	1.22	1.14	0.16
Operating Expenses	1.22	1.22	1.14	0.16
Operating Income	-1.23	-1.23	0.38	2.17
Interest Expense	-0.25	-0.25	-0.02	-
Interest & Investment Income	0.03	0.03	-	0
EBT Excluding Unusual Items	-1.45	-1.45	0.36	2.17
Other Unusual Items	-0.08	-0.04	-0.01	-
Pretax Income	-1.53	-1.5	0.35	2.17
Income Tax Expense	-	-	-	0.72
Net Income	-6.8	-1.5	0.35	1.45
Net Income to Common	-6.8	-1.5	0.35	1.45
Net Income Growth	-	-	-75.78%	-
Shares Outstanding (Basic)	2	1	1	1
Shares Outstanding (Diluted)	2	1	1	1
Shares Change (YoY)	72.88%	6.04%	173.46%	-
EPS (Basic)	-2.87	-1.03	0.26	2.90
EPS (Diluted)	-2.87	-1.03	0.26	2.90
EPS Growth	-	-	-91.00%	-
Free Cash Flow	-1.25	-0.97	-2.28	-0.77
Free Cash Flow Per Share	-0.53	-0.67	-1.67	-1.55
Gross Margin	-2.90%	-2.90%	63.41%	76.35%
Operating Margin	-236.69%	-236.69%	15.87%	71.05%
Profit Margin	-1305.26%	-287.50%	14.73%	47.62%
Free Cash Flow Margin	-239.16%	-186.81%	-95.51%	-25.36%
EBITDA	-0.97	-0.93	0.67	2.35
EBITDA Margin	-186.93%	-178.52%	28.09%	77.09%
D&A For EBITDA	0.26	0.3	0.29	0.18
EBIT	-1.23	-1.23	0.38	2.17
EBIT Margin	-236.69%	-236.69%	15.87%	71.05%
Effective Tax Rate	-	-	-	33.00%

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