TreeCon Resources Balance Sheet

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2008	FY 2003	FY 2002	FY 2001	FY 2000
Period Ending	Sep '08 Sep 30, 2008	Sep '03 Sep 30, 2003	Sep '02 Sep 30, 2002	Sep '01 Sep 30, 2001	Sep '00 Sep 30, 2000
Cash & Equivalents	1.54	2.56	2.33	0.69	0.96
Cash & Short-Term Investments	1.54	2.56	2.33	0.69	0.96
Cash Growth	-40.00%	10.09%	239.14%	-28.75%	156.62%
Accounts Receivable	14.24	2.19	1.9	3.4	2.35
Other Receivables	-	0.72	1.04	1.93	0.96
Receivables	14.24	4.92	5.14	9.52	6.96
Inventory	10.98	9.13	13.48	16.37	17.33
Finance Div. Loans and Leases	-	2.3	3.94	5.03	4.15
Prepaid Expenses	-	1.05	1.63	1.45	2.54
Other Current Assets	0.65	-	18.26	18.02	21.32
Total Current Assets	27.41	19.95	44.78	51.08	53.25
Property, Plant & Equipment	4.43	4.78	4.67	3.86	3.72
Goodwill	-	-	-	3.61	3.9
Finance Div. Loans and Leases Long-Term	-	0.44	1.73	2.63	2.09
Other Long-Term Assets	4.59	3.38	3.12	4.02	6.56
Total Assets	36.44	28.55	55.02	65.19	69.52
Accounts Payable	2.47	0.85	1.51	2.09	1.56
Accrued Expenses	-	3.51	1.69	1.07	0.78
Short-Term Debt	6.69	-	5.15	13.31	10.53
Current Portion of Long-Term Debt	-	22.66	2.84	-	1.12
Total Current Liabilities	9.16	27.02	11.19	16.47	13.99
Long-Term Debt	14.68	0.54	23.77	22.34	20.75
Other Long-Term Liabilities	-	0.54	16.99	18.34	25.68
Total Liabilities	23.84	28.09	51.95	57.15	60.41
Common Stock	0.19	0.19	0.19	0.19	0.18
Additional Paid-In Capital	28.23	28.16	28.16	28.16	27.65
Retained Earnings	-15.22	-27.82	-24.78	-19.8	-18.72
Comprehensive Income & Other	-0.6	-0.06	-0.5	-0.5	-
Total Common Equity	12.59	0.46	3.07	8.05	9.11
Shareholders' Equity	12.59	0.46	3.07	8.05	9.11
Total Liabilities & Equity	36.44	28.55	55.02	65.19	69.52
Total Debt	21.37	23.2	31.76	35.65	32.4
Net Cash (Debt)	-19.83	-20.64	-29.44	-34.96	-31.43
Net Cash Per Share	-1.07	-1.11	-1.58	-1.96	-1.74
Filing Date Shares Outstanding	18.62	18.62	18.62	18.62	17.83
Total Common Shares Outstanding	18.62	18.62	18.62	18.62	17.81
Working Capital	18.25	-7.06	33.58	34.61	39.27
Book Value Per Share	0.68	0.02	0.16	0.43	0.51
Tangible Book Value	12.59	0.46	3.07	4.44	5.22
Tangible Book Value Per Share	0.68	0.02	0.16	0.24	0.29
Land	-	0.66	0.66	0.43	0.43
Buildings	-	5.08	4.23	2.72	2.64
Machinery	-	2.27	2.69	3.05	2.55

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