Global Seafood Technologies, Inc. (GSFD)

GSFD Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2003	FY 2002	FY 2001	FY 2000	FY 1999
Period Ending	Jun 30, 2003	Mar 31, 2003	Mar 31, 2002	Mar 31, 2001	Mar 31, 2000	Mar 31, 1999
Cash & Equivalents	0.11	0.2	0.33	1.31	1.3	0.74
Cash & Short-Term Investments	0.11	0.2	0.33	1.31	1.3	0.74
Cash Growth	-	-39.64%	-74.53%	0.81%	75.22%	1825.18%
Accounts Receivable	1.69	1.56	2.11	2.02	1.01	0.63
Other Receivables	0	-	0.09	0.02	0.24	-
Receivables	1.69	1.56	2.2	2.04	1.25	0.63
Inventory	1.73	1.47	1.22	0.87	0.64	-
Prepaid Expenses	0.08	0.08	0.04	-	0	-
Other Current Assets	-0	-	-	-	-	0.05
Total Current Assets	3.98	3.68	4.25	4.22	3.2	1.42
Property, Plant & Equipment	3.45	3.53	3.66	2.35	2.26	2.79
Goodwill	0.27	0.27	0.27	0.27	-	-
Long-Term Deferred Tax Assets	-	-	-	0.43	0.01	0.01
Other Long-Term Assets	0	0	0	0.16	0.01	0.01
Total Assets	7.71	7.49	8.18	7.42	5.48	4.23
Accounts Payable	1.94	1.87	1.44	1.35	0.05	0.76
Accrued Expenses	0.03	0.03	0.03	0.04	0.03	0.03
Short-Term Debt	1.19	0.2	0.1	0.11	0.11	0.11
Current Portion of Long-Term Debt	0.07	1.02	0.22	0.2	0.2	0.14
Current Portion of Leases	0.06	0.03	0.03	0.02	0.03	0.09
Current Income Taxes Payable	-	-	-	-	-	0
Total Current Liabilities	3.29	3.14	1.83	1.72	0.42	1.14
Long-Term Debt	1.15	1.17	1.15	1.3	1.4	1.34
Long-Term Leases	0	0.04	0.06	0.03	0.05	0.08
Long-Term Deferred Tax Liabilities	0.24	0.24	0.32	-	-	-
Total Liabilities	4.68	4.59	3.35	3.05	1.88	2.56
Common Stock	0.02	0.02	0.02	0.01	0.01	0.01
Additional Paid-In Capital	5.63	5.63	5.63	5.63	4.41	1.37
Retained Earnings	-2.61	-2.74	-0.77	-1.15	-0.66	0.37
Comprehensive Income & Other	-0.01	-0.02	-0.05	-0.13	-0.16	-0.08
Total Common Equity	3.03	2.89	4.83	4.37	3.61	1.68
Shareholders' Equity	3.03	2.89	4.83	4.37	3.61	1.68
Total Liabilities & Equity	7.71	7.49	8.18	7.42	5.48	4.23
Total Debt	2.47	2.46	1.56	1.66	1.8	1.77
Net Cash (Debt)	-2.36	-2.26	-1.23	-0.35	-0.5	-1.02
Net Cash Per Share	-0.14	-0.14	-0.08	-0.03	-0.04	-0.09
Filing Date Shares Outstanding	16.37	16.37	16.37	15.7	13.12	11.68
Total Common Shares Outstanding	16.37	16.37	16.37	14.23	13.12	11.68
Working Capital	0.69	0.54	2.42	2.5	2.77	0.29
Book Value Per Share	0.19	0.18	0.29	0.31	0.27	0.14
Tangible Book Value	2.76	2.62	4.55	4.1	3.61	1.68
Tangible Book Value Per Share	0.17	0.16	0.28	0.29	0.27	0.14
Land	-	0.24	0.24	0.23	0.22	0.22
Buildings	-	2.21	1.65	1.28	1.37	2.06
Machinery	-	4.21	4.66	3.35	3.15	2.67

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