Meridian Holdings, Inc. (MRDH)

Vista Outdoor Balance Sheet

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

Fiscal Year	TTM	FY 2005	FY 2004	FY 2003	FY 2002	FY 2001
Period Ending	Jun 30, 2006	Dec 31, 2005	Dec 31, 2004	Dec 31, 2003	Dec 31, 2002	Dec 31, 2001
Cash & Equivalents	0.02	0.02	0.17	0	0.02	0.01
Cash & Short-Term Investments	0.02	0.02	0.17	0	0.02	0.01
Cash Growth	-52.49%	-87.03%	14155.17%	-94.71%	219.16%	-97.15%
Receivables	2.37	2.25	1.65	1.5	1.16	1.49
Restricted Cash	0.1	0.01	0.22	0.28	0.4	0.33
Other Current Assets	0.01	0.01	0.01	0.01	0.01	0.02
Total Current Assets	2.5	2.29	2.05	1.79	1.59	1.84
Property, Plant & Equipment	0.01	0.02	0.03	0.04	0.05	0.04
Long-Term Investments	2	2	3.42	3.45	3.91	3.8
Other Intangible Assets	-	-	-	-	0.32	-
Other Long-Term Assets	-	-	-	-	0	-
Total Assets	4.5	4.3	5.51	5.28	5.86	5.68
Accounts Payable	0.3	0.31	0.11	-	0.28	0.2
Accrued Expenses	0.36	0.31	0.3	0.23	0.39	0.28
Short-Term Debt	0.05	0.05	0.05	0.05	0.04	0.05
Current Portion of Long-Term Debt	0	0	0	-	0.1	0.1
Other Current Liabilities	0.02	0.04	0.2	0.23	0.27	0.14
Total Current Liabilities	0.74	0.71	0.67	0.51	1.08	0.77
Long-Term Debt	0.17	0.1	0.28	0.19	0.34	0.42
Total Liabilities	0.9	0.81	0.95	0.7	1.42	1.2
Common Stock	0.02	0.02	0.01	0.01	0.09	0.09
Additional Paid-In Capital	5.82	5.82	5.53	5.03	4.95	4.95
Retained Earnings	-2.24	-2.34	-0.98	-0.46	-0.6	-0.55
Comprehensive Income & Other	-0	-0	-	-	-	-
Shareholders' Equity	3.6	3.5	4.56	4.58	4.44	4.49
Total Liabilities & Equity	4.5	4.3	5.51	5.28	5.86	5.68
Total Debt	0.22	0.15	0.34	0.24	0.48	0.57
Net Cash (Debt)	-0.2	-0.13	-0.16	-0.24	-0.45	-0.56
Net Cash Per Share	-0.01	-0.01	-0.01	-0.03	-0.05	-0.06
Filing Date Shares Outstanding	18.12	18.12	14.37	9.37	9.4	9.37
Total Common Shares Outstanding	18.12	18.12	14.37	9.37	9.4	9.37
Working Capital	1.76	1.58	1.38	1.28	0.51	1.07
Book Value Per Share	0.20	0.19	0.32	0.49	0.47	0.48
Tangible Book Value	3.6	3.5	4.56	4.58	4.13	4.49
Tangible Book Value Per Share	0.20	0.19	0.32	0.49	0.44	0.48
Buildings	0.01	0.01	0.01	0.01	0.01	-
Machinery	0.21	0.21	0.21	0.2	0.18	-
Leasehold Improvements	-	0.01	0.01	0.01	0.01	0.01

Updated Aug 22, 2006. Source: S&P Global Market Intelligence. Standard template. Financial Sources.