BPI Energy Holdings Balance Sheet

Financials in millions USD. Fiscal year is August - July.

Millions USD. Fiscal year is Aug - Jul.

Fiscal Year	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004	1999 - 2003
Period Ending	Jul '08 Jul 31, 2008	Jul '07 Jul 31, 2007	Jul '06 Jul 31, 2006	Jul '05 Jul 31, 2005	Jul '04 Jul 31, 2004	1999 - 2003
Cash & Equivalents	0.13	11.29	19.28	7.25	0.97	Upgrade
Short-Term Investments	-	-	-	-	0.07	Upgrade
Cash & Short-Term Investments	0.13	11.29	19.28	7.25	1.04	Upgrade
Cash Growth	-98.88%	-41.43%	165.86%	595.87%	341.69%	Upgrade
Accounts Receivable	0.16	0.09	0.11	0.03	-	Upgrade
Receivables	0.16	0.09	0.11	0.03	-	Upgrade
Prepaid Expenses	-	0.19	0.17	-	-	Upgrade
Other Current Assets	0.88	1.76	-	0.02	0.04	Upgrade
Total Current Assets	1.16	13.33	19.55	7.31	1.09	Upgrade
Property, Plant & Equipment	25.71	26.19	29.24	15.11	7.22	Upgrade
Long-Term Investments	-	-	-	0.85	0.95	Upgrade
Other Long-Term Assets	0.23	0.32	0.26	0.26	0.13	Upgrade
Total Assets	27.09	39.84	49.05	23.53	9.38	Upgrade
Accounts Payable	0.74	1.37	1.49	2.14	0.47	Upgrade
Accrued Expenses	0.4	1.5	0.65	0.03	0.02	Upgrade
Short-Term Debt	-	9.06	-	-	-	Upgrade
Current Portion of Long-Term Debt	11.84	0.03	0.14	0.04	0.02	Upgrade
Total Current Liabilities	12.98	11.96	2.28	2.22	0.51	Upgrade
Long-Term Debt	0.02	0.05	0.08	0.51	0.44	Upgrade
Long-Term Deferred Tax Liabilities	-	-	-	-	0.72	Upgrade
Other Long-Term Liabilities	0.19	0.11	0.07	-	-	Upgrade
Total Liabilities	13.19	12.12	2.43	2.73	1.67	Upgrade
Common Stock	67.95	67.95	67.95	34.67	19.24	Upgrade
Additional Paid-In Capital	8.62	7.61	5.87	4.49	1.16	Upgrade
Retained Earnings	-62.67	-47.84	-27.19	-18.36	-12.96	Upgrade
Comprehensive Income & Other	-	-	-	-	0.27	Upgrade
Shareholders' Equity	13.9	27.72	46.62	20.8	7.71	Upgrade
Total Liabilities & Equity	27.09	39.84	49.05	23.53	9.38	Upgrade
Total Debt	11.86	9.14	0.22	0.55	0.46	Upgrade
Net Cash (Debt)	-11.74	2.16	19.06	6.7	0.58	Upgrade
Net Cash Growth	-	-88.69%	184.45%	1055.66%	145.79%	Upgrade
Net Cash Per Share	-0.17	0.03	0.30	0.18	0.02	Upgrade
Filing Date Shares Outstanding	72.1	70.09	68.57	69.16	28.37	Upgrade
Total Common Shares Outstanding	72.1	70.09	68.57	43.91	28.37	Upgrade
Working Capital	-11.82	1.37	17.27	5.09	0.58	Upgrade
Book Value Per Share	0.19	0.40	0.68	0.47	0.27	Upgrade
Tangible Book Value	13.9	27.72	46.62	20.8	7.71	Upgrade
Tangible Book Value Per Share	0.19	0.40	0.68	0.47	0.27	Upgrade
Land	-	-	-	13.4	6.77	Upgrade
Machinery	1.16	1.29	1.05	2.17	0.66	Upgrade

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