Varca Ventures, Inc. (VRCV)

Varca Ventures Balance Sheet

Financials in millions USD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2012	FY 2011	FY 2010
Period Ending	Aug 31, 2012	Feb 29, 2012	Feb 28, 2011	Feb 28, 2010
Cash & Equivalents	0.01	0.33	0.01	0
Cash & Short-Term Investments	0.01	0.33	0.01	0
Cash Growth	80.64%	6473.97%	330.14%	-
Prepaid Expenses	0	0	-	-
Total Current Assets	0.01	0.33	0.01	0
Property, Plant & Equipment	0.83	0.84	0.84	0.16
Other Long-Term Assets	0.2	0.2	0.2	0.09
Total Assets	1.05	1.37	1.05	0.26
Accounts Payable	0.73	0.6	0.72	0.23
Accrued Expenses	0.35	0.22	0.14	0.03
Short-Term Debt	0.02	-	0.01	-
Total Current Liabilities	1.5	0.82	0.87	0.26
Long-Term Debt	0.76	0.83	1.18	0.1
Other Long-Term Liabilities	0.2	0.2	0.2	0.09
Total Liabilities	2.46	1.85	2.25	0.45
Common Stock	0.01	0.01	0	0.02
Additional Paid-In Capital	6.29	5.64	2.43	2.04
Retained Earnings	-7.71	-6.12	-3.72	-2.25
Total Common Equity	-1.41	-0.48	-1.28	-0.2
Shareholders' Equity	-1.41	-0.48	-1.2	-0.2
Total Liabilities & Equity	1.05	1.37	1.05	0.26
Total Debt	1.18	0.83	1.19	0.1
Net Cash (Debt)	-1.17	-0.49	-1.19	-0.1
Net Cash Per Share	-0.18	-0.10	-0.66	-0.06
Filing Date Shares Outstanding	7.02	7.02	33.46	15.45
Total Common Shares Outstanding	7.02	7.02	33.46	15.45
Working Capital	-1.49	-0.49	-0.86	-0.26
Book Value Per Share	-0.20	-0.07	-0.04	-0.01
Tangible Book Value	-1.41	-0.48	-1.28	-0.2
Tangible Book Value Per Share	-0.20	-0.07	-0.04	-0.01
Machinery	0.18	0.18	0.18	0.16

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