HQ Global Education Balance Sheet

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

Millions USD. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2011	FY 2010	FY 2009	FY 2008
Period Ending	Nov '11 Nov 30, 2011	Aug '11 Aug 31, 2011	Aug '10 Aug 31, 2010	Aug '09 Aug 31, 2009	Aug '08 Aug 31, 2008
Cash & Equivalents	10.52	5.08	5.23	3.85	3.33
Cash & Short-Term Investments	10.52	5.08	5.23	3.85	3.33
Cash Growth	7.38%	-2.86%	35.80%	15.62%	-
Accounts Receivable	12	10.39	9.02	5.71	0.79
Other Receivables	0.24	0.18	0.04	0	-
Receivables	12.24	10.57	9.06	8.16	2.85
Inventory	0.61	0.44	0.67	1.5	1.95
Other Current Assets	5.3	6.94	0.55	2.38	0.02
Total Current Assets	28.68	23.01	15.52	15.89	8.14
Property, Plant & Equipment	43.9	39.14	29.01	14.86	12.57
Other Intangible Assets	7.16	7.2	2.03	0.48	0.49
Total Assets	79.73	69.35	46.56	31.23	21.2
Accounts Payable	1.57	2.39	2.28	1.33	1.82
Accrued Expenses	0.58	0.43	0.41	1.1	0.7
Short-Term Debt	0.71	0.71	1.31	0.73	0.29
Current Portion of Long-Term Debt	0.28	0.56	0.24	0.63	0.69
Current Unearned Revenue	5.94	0.57	-	0.01	0.01
Other Current Liabilities	0.43	0.46	0.78	0.07	0.15
Total Current Liabilities	9.53	5.12	5.02	3.86	3.67
Long-Term Debt	3.82	3.39	0.79	0.4	0.34
Other Long-Term Liabilities	0.1	0.09	0.1	-	-
Total Liabilities	13.44	8.6	5.91	4.26	4
Common Stock	0	0	0	0	0.18
Additional Paid-In Capital	1.23	1.23	1.23	1.23	0.17
Retained Earnings	59.95	54.4	37.63	24.06	15.2
Comprehensive Income & Other	5.11	5.12	1.79	1.67	1.64
Shareholders' Equity	66.29	60.75	40.65	26.97	17.2
Total Liabilities & Equity	79.73	69.35	46.56	31.23	21.2
Total Debt	4.82	4.66	2.34	1.76	1.32
Net Cash (Debt)	5.71	0.42	2.89	2.08	2.01
Net Cash Growth	-23.38%	-85.61%	38.61%	3.92%	-
Net Cash Per Share	0.17	0.01	0.10	0.10	0.27
Filing Date Shares Outstanding	33	33	33	20.5	7.5
Total Common Shares Outstanding	33	33	33	20.5	7.5
Working Capital	19.15	17.9	10.49	12.03	4.48
Book Value Per Share	2.01	1.84	1.23	1.32	2.29
Tangible Book Value	59.13	53.55	38.62	26.49	16.71
Tangible Book Value Per Share	1.79	1.62	1.17	1.29	2.23
Machinery	11.47	11.44	8	6.57	-
Construction In Progress	24.61	19.19	13.48	3.17	-
Leasehold Improvements	0.11	0.11	-	-	-

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