Ultrack Systems, Inc. (MJLB)

Ultrack Systems Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004
Period Ending	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Cash & Equivalents	-	0	0.13	0.04	0
Short-Term Investments	-	0.71	0.46	-	-
Other Receivables	1.16	0.03	0.01	0.04	0.25
Prepaid Expenses	-	0.01	0.04	0.01	0
Other Current Assets	-	0.02	0.43	0.61	-
Total Current Assets	1.16	0.77	1.08	0.7	0.25
Property, Plant & Equipment	-	0.04	0.01	0.01	0.01
Long-Term Investments	0	-	-	-	-
Long-Term Deferred Charges	-	0.27	0.27	0.19	-
Total Assets	1.16	1.08	1.36	0.89	0.26
Accounts Payable	0.08	0.26	0.2	0.14	0.03
Accrued Expenses	-	0.19	0.1	-	-
Short-Term Debt	-	0.15	0.33	0.15	0.16
Other Current Liabilities	-	0	0	0.45	0.11
Total Current Liabilities	0.08	0.6	0.63	0.74	0.29
Long-Term Debt	0.02	-	-	-	-
Total Liabilities	0.1	0.6	0.63	0.74	0.29
Common Stock	0	0	0.01	0	0
Additional Paid-In Capital	1.69	1.67	1.97	0.94	0.4
Retained Earnings	-0.63	-1.19	-1.26	-0.78	-0.45
Shareholders' Equity	1.07	0.48	0.72	0.16	-0.04
Total Liabilities & Equity	1.16	1.08	1.36	0.89	0.26
Total Debt	0.02	0.15	0.33	0.15	0.16
Net Cash (Debt)	-0.02	0.57	0.27	-0.11	-0.16
Net Cash Growth	-	112.83%	-	-	-
Working Capital	1.09	0.18	0.44	-0.04	-0.05
Tangible Book Value	1.07	0.48	0.72	0.16	-0.04
Machinery	-	0.02	-	0.01	-

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