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

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