Balance Sheet

Current Liabilities	21.1m
Accounts Payable	14.8m
Other Current Liabilities	6.3m
Non-Current Liabilities	81m
Long-Term Debt	21.2m
Other Non-Current Liabilities	59.8m

Currency: CAD

	Dec-2014	Dec-2015	Dec-2016	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021	Dec-2022	Dec-2023
Assets
Cash & Cash Equivalents	0	0	0	0	0	0	0	0	0	0
Cash Equivalents	0	0	0	0	0	0	0	0	0	0
Total Receivables	15	6	10	13	6	11	9	12	13	12
Accounts Receivables	15	6	10	13	6	11	9	12	13	12
Other Receivables	0	0	0	0	0	0	0	0	0	0
Inventory	7	3	6	7	7	7	6	7	8	7
Other Current Assets	16	11	3	3	7	3	3	3	4	3
Total Current Assets	38	21	18	23	20	21	17	22	25	22
PP&E Net	320	179	243	257	332	317	245	264	283	287
PP&E Gross	320	179	243	257	332	317	245	264	283	287
Accumulated Depreciation	236	372	402	440	483	532	619	624	653	676
Other Long-Term Assets	17	26	21	27	28	23	0	33	41	30
Total Assets	375 N/A	226 -40%	281 +25%	307 +9%	380 +24%	361 -5%	262 -27%	319 +22%	349 +10%	339 -3%
Liabilities
Accounts Payable	24	7	10	12	13	13	6	12	19	15
Short-Term Debt	99	56	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	0	0	0	0	0	13	5	0	0	0
Other Current Liabilities	0	2	7	5	2	6	3	10	7	6
Total Current Liabilities	123	64	17	17	14	32	14	22	26	21
Long-Term Debt	0	12	43	54	91	64	59	26	7	21
Other Liabilities	74	55	79	81	87	83	85	72	65	60
Total Liabilities	197 N/A	132 -33%	139 +6%	151 +8%	192 +27%	179 -7%	157 -12%	120 -24%	98 -18%	102 +4%
Equity
Common Stock	231	242	309	311	338	336	334	350	348	349
Retained Earnings	63	160	183	173	168	174	251	171	114	130
Additional Paid In Capital	10	12	14	15	16	18	20	19	18	18
Other Equity	0	0	3	3	3	3	3	0	0	0
Total Equity	178 N/A	94 -47%	142 +51%	156 +10%	188 +21%	182 -3%	105 -42%	199 +90%	252 +26%	237 -6%
Total Liabilities & Equity	375 N/A	226 -40%	281 +25%	307 +9%	380 +24%	361 -5%	262 -27%	319 +22%	349 +10%	339 -3%
Shares Outstanding
Common Shares Outstanding	71	86	193	195	219	218	217	260	261	262

Gear Energy Ltd
TSX:GXE