ADCapital US Inc. (ADCV)

ADCapital US Balance Sheet

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

Fiscal Year	TTM	FY 2005	FY 2004
Period Ending	Jun 30, 2006	Dec 31, 2005	Dec 31, 2004
Cash & Equivalents	0	0	0.04
Cash & Short-Term Investments	0	0	0.04
Cash Growth	-97.58%	-97.37%	-
Other Receivables	0.48	-	0.4
Receivables	0.48	-	0.4
Total Current Assets	0.48	0	0.44
Other Intangible Assets	0	0	0
Total Assets	0.48	0	0.44
Accounts Payable	0.01	0.01	0
Total Current Liabilities	0.05	0.01	0
Other Long-Term Liabilities	-	0.04	0
Total Liabilities	0.05	0.05	0
Common Stock	0.01	0.01	0.01
Additional Paid-In Capital	0.52	0.52	0.52
Retained Earnings	-0.11	-0.58	-0.09
Shareholders' Equity	0.42	-0.05	0.44
Total Liabilities & Equity	0.48	0	0.44
Net Cash (Debt)	0	0	0.04
Net Cash Growth	-97.58%	-97.37%	-
Net Cash Per Share	0.00	0.00	0.07
Filing Date Shares Outstanding	1	1	0.42
Total Common Shares Outstanding	1	1	0.42
Working Capital	0.42	-0.01	0.44
Book Value Per Share	0.43	-0.05	1.05
Tangible Book Value	0.42	-0.05	0.44
Tangible Book Value Per Share	0.43	-0.05	1.05

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