NNRF Inc. Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2007	FY 2006	FY 2005
Period Ending	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005
Net Income	-16.15	-12.19	-0.76
Depreciation & Amortization	0	0	0
Other Amortization	3.67	0.31	-
Loss (Gain) on Equity Investments	-3.42	-0.04	-
Stock-Based Compensation	3.49	-	-
Other Operating Activities	10.36	10.51	-
Change in Accounts Receivable	-	0.03	-
Change in Inventory	-	0	-
Change in Accounts Payable	0.08	0.48	0.45
Change in Other Net Operating Assets	-0.25	0.01	-0.03
Operating Cash Flow	-2.22	-0.89	-0.34
Capital Expenditures	-	-0	-0.04
Sale of Property, Plant & Equipment	0	-	-
Cash Acquisitions	-	0.01	-
Investment in Securities	-1.53	-1.17	-
Investing Cash Flow	-1.52	-1.16	-0.04
Short-Term Debt Issued	-	0.2	-
Long-Term Debt Issued	3.65	1.65	-
Total Debt Issued	3.65	1.85	0.44
Net Debt Issued (Repaid)	3.65	1.85	0.44
Issuance of Common Stock	0.03	0.31	0.02
Financing Cash Flow	3.68	2.16	0.46
Foreign Exchange Rate Adjustments	-0	-0	-
Net Cash Flow	-0.06	0.1	0.08
Free Cash Flow	-2.22	-0.89	-0.38
Free Cash Flow Margin	-	-16749.15%	-
Free Cash Flow Per Share	-0.05	-0.03	-0.02
Levered Free Cash Flow	-3.6	-7.02	-
Unlevered Free Cash Flow	1.92	-4.15	-
Change in Working Capital	-0.17	0.52	0.42

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