Puda Coal Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006
Period Ending	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006
Cash & Equivalents	156.17	19.92	39.11	16.38	24.94
Cash & Short-Term Investments	156.17	19.92	39.11	16.38	24.94
Cash Growth	684.07%	-49.07%	138.74%	-34.33%	106.70%
Accounts Receivable	36.87	25.34	14.65	8.14	7.19
Other Receivables	4.45	-	0.01	0.01	0.05
Receivables	41.32	25.34	14.65	8.15	7.24
Inventory	15.34	22.53	21.59	35.95	15.66
Restricted Cash	-	-	-	0.23	0.23
Other Current Assets	5.13	4.57	6.51	2.05	1.31
Total Current Assets	217.96	72.36	81.86	62.76	49.39
Property, Plant & Equipment	129	13.99	13.37	15.02	9.87
Long-Term Investments	15.15	14.65	-	-	-
Other Intangible Assets	3.99	3.95	3.4	3.48	3.73
Other Long-Term Assets	-	6.26	-	-	-
Total Assets	366.1	111.2	98.63	81.26	62.98
Accounts Payable	3.74	4.84	4.27	2.32	2.75
Accrued Expenses	3.65	2.21	3.72	2.73	2.16
Short-Term Debt	0.03	-	-	-	-
Current Portion of Long-Term Debt	37.66	1.3	1.3	3.14	1.3
Current Income Taxes Payable	2.04	1.09	1.32	2.22	2.49
Other Current Liabilities	19.7	11.3	3.86	8.69	4.24
Total Current Liabilities	66.82	20.74	14.47	19.1	12.94
Long-Term Debt	5.2	6.5	7.8	9.1	13.51
Other Long-Term Liabilities	-	-	4.09	4.48	13.5
Total Liabilities	72.02	27.24	26.36	32.68	39.95
Common Stock	0.03	0.02	0.02	0.11	0.09
Additional Paid-In Capital	173.89	35.21	31.65	28.3	16.51
Retained Earnings	62.13	38.6	33.12	16.17	5.3
Comprehensive Income & Other	14.83	10.13	7.5	4	1.14
Total Common Equity	250.88	83.96	72.28	48.58	23.04
Minority Interest	43.21	-	-	-	-
Shareholders' Equity	294.08	83.96	72.28	48.58	23.04
Total Liabilities & Equity	366.1	111.2	98.63	81.26	62.98
Total Debt	42.89	7.8	9.1	12.24	14.81
Net Cash (Debt)	113.28	12.12	30.01	4.14	10.14
Net Cash Growth	834.82%	-59.62%	624.83%	-59.15%	-
Net Cash Per Share	5.60	0.78	1.97	0.29	0.88
Filing Date Shares Outstanding	30.02	15.83	15.36	15.04	13.54
Total Common Shares Outstanding	30.02	15.83	15.33	15.04	13.27
Working Capital	151.14	51.62	67.39	43.66	36.45
Book Value Per Share	8.36	5.30	4.71	3.23	1.74
Tangible Book Value	246.89	80.01	68.88	45.1	19.31
Tangible Book Value Per Share	8.22	5.05	4.49	3.00	1.46
Buildings	7.69	3.9	3.34	3.34	2.96
Machinery	22.07	15.83	13.75	13.75	8.46
Construction In Progress	1.92	-	-	-	-

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