Asia Broadband Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2004	FY 2003	FY 2002
Period Ending	Dec '04 Dec 31, 2004	Dec '03 Dec 31, 2003	Dec '02 Dec 31, 2002
Cash & Equivalents	1.12	0.9	0.32
Short-Term Investments	-	-	0.2
Cash & Short-Term Investments	1.12	0.9	0.52
Cash Growth	24.46%	71.99%	-
Accounts Receivable	0.01	0	-
Other Receivables	-	-	0
Receivables	0.01	0	0
Prepaid Expenses	0.07	0.03	0.01
Total Current Assets	1.19	0.93	0.53
Property, Plant & Equipment	0.1	0.07	0.06
Other Intangible Assets	-	-	0.2
Total Assets	1.29	1	0.8
Accounts Payable	0.26	0.43	0.06
Accrued Expenses	0.01	0.17	0.24
Current Unearned Revenue	0.06	-	-
Total Current Liabilities	0.34	0.6	0.31
Long-Term Debt	0.87	-	0.28
Total Liabilities	1.21	0.6	0.59
Common Stock	0.04	0.03	0.02
Additional Paid-In Capital	10.36	7.19	4.84
Retained Earnings	-10.36	-7.12	-4.8
Comprehensive Income & Other	-	0.25	-
Total Common Equity	0.05	0.35	0.06
Minority Interest	0.04	0.04	0.15
Shareholders' Equity	0.08	0.4	0.2
Total Liabilities & Equity	1.29	1	0.8
Total Debt	0.87	-	0.28
Net Cash (Debt)	0.25	0.9	0.24
Net Cash Growth	-72.60%	277.23%	-
Net Cash Per Share	0.01	0.04	0.01
Filing Date Shares Outstanding	40.66	31.69	18.34
Total Common Shares Outstanding	40.66	31.69	18.34
Working Capital	0.85	0.33	0.23
Book Value Per Share	0.00	0.01	0.00
Tangible Book Value	0.05	0.35	-0.14
Tangible Book Value Per Share	0.00	0.01	-0.01
Buildings	0.01	0	0
Machinery	0.15	0.1	0.08
Leasehold Improvements	0.01	0	0

Source: S&P Capital IQ. Standard template. Financial Sources.