Winland Ocean Shipping Corp. (WLOLQ)

Winland Ocean Shipping Balance Sheet

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

Fiscal Year	TTM	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Mar 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007
Cash & Equivalents	0.88	3.3	12.69	3.53	8.23	2.67
Cash & Short-Term Investments	0.88	3.3	12.69	3.53	8.23	2.67
Cash Growth	-79.55%	-74.02%	259.46%	-57.12%	208.00%	117.38%
Accounts Receivable	4.04	4.53	3.88	2.98	2.48	43.76
Other Receivables	1.09	1.17	0.89	0.7	0.06	1.78
Receivables	5.13	5.7	4.77	3.68	2.54	45.53
Inventory	2.92	3.16	1.77	1.84	2.56	1.63
Prepaid Expenses	1.13	0.53	0.96	0.69	0.76	-
Other Current Assets	-	-	-	-	0	3.65
Total Current Assets	10.06	12.69	20.2	9.74	14.1	53.58
Property, Plant & Equipment	93.53	94.64	87.31	42.75	25.32	29.81
Other Intangible Assets	-	-	0	0	0	0
Long-Term Deferred Tax Assets	-	-	0	-	-	0
Long-Term Deferred Charges	3.64	4.08	8.03	9.31	11.03	9.94
Other Long-Term Assets	-	-	-	-	1.32	0.94
Total Assets	107.22	111.41	115.54	61.8	51.79	94.28
Accounts Payable	6.61	8.77	8.06	6.89	5.03	6.07
Accrued Expenses	1.28	1.47	1.4	0.91	0.97	5.35
Short-Term Debt	6.57	4.39	5.17	1.17	-	1
Current Portion of Long-Term Debt	9.52	9.75	9.53	7.46	3.09	3.44
Current Portion of Leases	-	-	-	-	-	1.44
Current Income Taxes Payable	-	-	0.04	0.05	0.01	0.15
Current Unearned Revenue	-	-	0.18	0.16	0.1	0.04
Other Current Liabilities	4.6	4.58	3.81	3.18	3.24	52.49
Total Current Liabilities	28.58	28.96	28.2	19.82	12.43	69.99
Long-Term Debt	48.73	50.86	57.08	17.9	8.28	12.7
Long-Term Deferred Tax Liabilities	-	-	-	0	0.01	-
Other Long-Term Liabilities	3.7	3.7	2.85	-	-	-
Total Liabilities	81.01	83.51	88.12	37.73	20.71	82.69
Common Stock	0.2	0.2	0.2	0.2	0.13	0.08
Additional Paid-In Capital	1.6	1.6	3.26	3.26	3.32	3.34
Retained Earnings	24.42	26.1	23.05	19.91	26.86	7.79
Comprehensive Income & Other	0	0	0.92	0.72	0.76	0.38
Total Common Equity	26.21	27.9	27.42	24.08	31.08	11.59
Shareholders' Equity	26.21	27.9	27.42	24.08	31.08	11.59
Total Liabilities & Equity	107.22	111.41	115.54	61.8	51.79	94.28
Total Debt	64.82	65	71.78	26.53	11.37	18.59
Net Cash (Debt)	-63.94	-61.7	-59.09	-23	-3.13	-15.91
Net Cash Per Share	-0.33	-0.32	-0.30	-0.12	-0.02	-0.10
Filing Date Shares Outstanding	195	195	195	195	195	115.39
Total Common Shares Outstanding	195	195	195	195	195	115.39
Working Capital	-18.52	-16.28	-8	-10.09	1.68	-16.41
Book Value Per Share	0.13	0.14	0.14	0.12	0.16	0.10
Tangible Book Value	26.21	27.9	27.42	24.07	31.07	11.58
Tangible Book Value Per Share	0.13	0.14	0.14	0.12	0.16	0.10
Machinery	122.81	122.81	74.29	46.59	26.31	43
Construction In Progress	-	-	47.7	-	-	-

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