Korver Corp. (KOVR)

Korver Balance Sheet

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

Fiscal Year	TTM	FY 2004	FY 2003	FY 2002
Period Ending	Sep 30, 2004	Mar 31, 2004	Mar 31, 2003	Mar 31, 2002
Cash & Equivalents	0	0.02	0.11	0.17
Cash & Short-Term Investments	0	0.02	0.11	0.17
Cash Growth	-86.97%	-79.48%	-33.13%	-
Receivables	0.13	0.13	0.11	0.11
Inventory	0.29	0.31	0.43	0.59
Prepaid Expenses	0.02	0.01	0.02	0.02
Total Current Assets	0.47	0.5	0.7	0.92
Property, Plant & Equipment	0.02	0.02	0.04	0.05
Long-Term Investments	0	0	0.01	0.01
Other Intangible Assets	0.02	0.03	0.07	0.11
Long-Term Deferred Tax Assets	0.18	0.18	0.13	0.13
Other Long-Term Assets	0.22	0.21	0.21	0.22
Total Assets	0.9	0.94	1.15	1.44
Accounts Payable	0.05	0.05	0.07	0.02
Accrued Expenses	0.09	0.12	0.05	0.08
Short-Term Debt	0.37	0.38	0.32	0.25
Other Current Liabilities	-0	-	-	-0
Total Current Liabilities	0.5	0.54	0.44	0.35
Total Liabilities	0.5	0.54	0.44	0.35
Common Stock	0.05	0.05	0.05	0.05
Additional Paid-In Capital	0.34	0.34	0.34	0.34
Retained Earnings	0.01	0.01	0.32	0.7
Comprehensive Income & Other	-0	-0	0	-0
Shareholders' Equity	0.4	0.4	0.71	1.09
Total Liabilities & Equity	0.9	0.94	1.15	1.44
Total Debt	0.37	0.38	0.32	0.25
Net Cash (Debt)	-0.36	-0.35	-0.2	-0.07
Working Capital	-0.03	-0.04	0.26	0.57
Tangible Book Value	0.39	0.38	0.65	0.98
Machinery	-	1.02	1.03	1.3

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