Balance Sheet

Currency: EUR

	Dec-2004	Dec-2005	Dec-2006	Dec-2007	Dec-2008	Dec-2009	Dec-2010	Dec-2011	Dec-2012	Dec-2013
Assets
Cash & Cash Equivalents	2	1	1	2	1	2	2	3	2	1
Cash Equivalents	2	1	1	2	1	2	2	3	2	1
Short-Term Investments	0	0	0	0	0	0	0	1	1	0
Total Receivables	18	18	16	14	12	14	14	12	7	8
Accounts Receivables	18	18	16	14	12	12	12	11	7	7
Other Receivables	0	0	0	0	0	2	2	1	1	1
Inventory	22	17	16	19	17	13	13	13	8	7
Other Current Assets	3	4	4	4	7	2	1	1	10	1
Total Current Assets	45	39	37	39	37	32	30	30	28	17
PP&E Net	36	34	30	27	24	20	17	15	12	11
PP&E Gross	36	34	30	27	24	20	17	15	12	11
Accumulated Depreciation	22	23	26	26	29	31	33	36	26	27
Intangible Assets	4	4	3	2	3	2	2	2	0	0
Goodwill	9	11	11	11	7	8	8	6	5	4
Note Receivable	1	2	2	2	0	0	0	0	0	0
Long-Term Investments	2	1	1	0	3	3	2	2	0	0
Other Long-Term Assets	3	1	2	2	1	1	3	2	1	0
Other Assets	9	11	11	11	7	8	8	6	5	4
Total Assets	100 N/A	93 -7%	85 -8%	83 -2%	75 -10%	66 -13%	64 -3%	57 -10%	47 -18%	33 -30%
Liabilities
Accounts Payable	13	10	11	11	13	10	9	9	5	5
Accrued Liabilities	1	0	0	0	1	3	1	1	0	0
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	28	26	70	4	5	4	4	40	34	28
Other Current Liabilities	2	9	6	11	5	6	8	3	9	3
Total Current Liabilities	44	45	87	25	24	23	21	54	48	37
Long-Term Debt	42	44	0	51	52	31	31	1	2	6
Deferred Income Tax	0	1	0	0	0	0	0	0	0	1
Minority Interest	1	1	1	1	1	1	1	1	1	0
Other Liabilities	4	1	2	2	3	9	9	1	1	1
Total Liabilities	91 N/A	92 +1%	89 -3%	80 -11%	80 +1%	63 -22%	63 0%	57 -9%	52 -9%	44 -15%
Equity
Common Stock	9	9	9	13	13	13	13	13	13	13
Retained Earnings	0	8	13	9	14	6	9	10	15	24
Other Equity	0	0	0	0	4	4	3	3	3	0
Total Equity	8 N/A	1 -92%	5 N/A	4 N/A	5 N/A	3 N/A	1 -66%	0 N/A	5 -1 506%	12 -122%
Total Liabilities & Equity	100 N/A	93 -7%	85 -8%	83 -2%	75 -10%	66 -13%	64 -3%	57 -10%	47 -18%	33 -30%
Shares Outstanding
Common Shares Outstanding	10	10	10	13	13	13	13	13	13	13

Neschen AG
F:NSN