Turbine Aviation, Inc. (TURA)

Turbine Aviation Balance Sheet

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

Fiscal Year	TTM	FY 2007	FY 2006	FY 2005	FY 2004
Period Ending	Mar 31, 2008	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Cash & Equivalents	-	-	0.02	0.33	-
Cash & Short-Term Investments	-	-	0.02	0.33	-
Cash Growth	-	-	-92.58%	-	-
Total Current Assets	-	-	0.02	0.33	-
Long-Term Deferred Charges	-	-	-	0.03	-
Total Assets	-	-	0.02	0.36	-
Accounts Payable	0.18	0.18	0.2	0.02	0.01
Short-Term Debt	0.19	0.19	0.22	-	-
Other Current Liabilities	0.2	0.2	0.2	0.2	0.2
Total Current Liabilities	0.57	0.57	0.62	0.22	0.21
Long-Term Debt	-	-	-	0.02	-
Total Liabilities	0.57	0.57	0.62	0.24	0.21
Common Stock	0.1	0.08	0.05	0.01	0
Additional Paid-In Capital	15.46	15.28	14.61	11.28	7.63
Retained Earnings	-15.53	-15.32	-14.66	-10.56	-7.24
Comprehensive Income & Other	-0.6	-0.6	-0.6	-0.6	-0.6
Shareholders' Equity	-0.57	-0.57	-0.59	0.12	-0.21
Total Liabilities & Equity	-	-	0.02	0.36	-
Total Debt	0.19	0.19	0.22	0.02	-
Net Cash (Debt)	-0.19	-0.19	-0.19	0.31	-
Working Capital	-0.57	-0.57	-0.59	0.11	-0.21
Tangible Book Value	-0.57	-0.57	-0.59	0.12	-0.21

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