Britannia Bulk Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2007	FY 2006	FY 2005	FY 2004	FY 2003
Period Ending	Jun '08 Jun 30, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004	Dec '03 Dec 31, 2003
Cash & Equivalents	51.6	55.21	17.17	6.4	9.33	-
Cash & Short-Term Investments	51.6	55.21	17.17	6.4	9.33	-
Cash Growth	122.77%	221.53%	168.24%	-31.37%	-	-
Accounts Receivable	45.08	43.75	6.27	10.09	4.48	-
Other Receivables	-	-	-	-	0.03	-
Receivables	45.08	43.75	6.27	10.09	4.51	-
Inventory	18.86	12.72	0.68	1.88	0.6	-
Prepaid Expenses	21.57	11.25	3.72	1.07	0.32	-
Other Current Assets	61.32	31.49	139.16	0.03	-	-
Total Current Assets	198.43	154.41	167.01	19.48	14.76	-
Property, Plant & Equipment	206.8	143.4	42.68	47.68	24.17	-
Long-Term Investments	-	-	-	0.04	-	-
Goodwill	-	-	-	0.03	-	-
Long-Term Deferred Charges	14.7	16.44	11.56	3.63	6.31	-
Other Long-Term Assets	81.56	80.92	2.12	-	-	-
Total Assets	501.48	395.17	223.37	70.85	45.24	-
Accounts Payable	16.24	4.09	3.7	2.22	1.95	-
Accrued Expenses	51.6	22.07	6.52	4.39	2.79	-
Short-Term Debt	-	-	-	0.13	10.85	-
Current Portion of Long-Term Debt	48	75.95	-	11.52	7.67	-
Current Income Taxes Payable	1.48	1.14	0.45	0.28	0.05	-
Current Unearned Revenue	22.9	16.57	4.23	5.57	1.07	-
Other Current Liabilities	25.98	27.3	0.43	-	-	-
Total Current Liabilities	166.21	147.11	15.33	24.11	24.38	-
Long-Term Debt	122	175.29	173.5	14.68	8.29	-
Total Liabilities	288.21	322.4	188.82	38.79	32.67	-
Common Stock	0.27	0.19	0.2	15.54	4.95	-
Additional Paid-In Capital	127.91	15.15	15.99	0.64	0.01	-
Retained Earnings	83.43	57.44	18.24	15.85	7.6	-
Total Common Equity	213.27	72.78	34.43	32.03	12.57	-
Minority Interest	-	-	0.11	0.04	-	-
Shareholders' Equity	213.27	72.78	34.54	32.06	12.57	-
Total Liabilities & Equity	501.48	395.17	223.37	70.85	45.24	-
Total Debt	170	251.24	173.5	26.33	26.81	-
Net Cash (Debt)	-118.4	-196.03	-156.33	-19.93	-17.49	-
Net Cash Per Share	-6.17	-10.12	-7.92	-1.54	-37.09	-
Filing Date Shares Outstanding	26.98	18.65	19.73	19.71	6.28	-
Total Common Shares Outstanding	26.98	18.65	19.73	19.71	6.28	-
Working Capital	32.21	7.31	151.68	-4.64	-9.62	-
Book Value Per Share	7.90	3.90	1.74	1.62	2.00	-
Tangible Book Value	213.27	72.78	34.43	31.99	12.57	-
Tangible Book Value Per Share	7.90	3.90	1.74	1.62	2.00	-
Buildings	0.69	0.66	0.23	0.2	-	-
Machinery	251.7	173.38	54.76	52.73	24.89	-

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