Vision Operations (USA) Date: 13-NOV-07 15:26:59 Company Balance Sheet Page: 1 Current Period: Nov-07 Currency: USD Company=01 (Operations) PTD-Actual Nov-07 ASSETS Current Assets Cash and Short Term Investments 25,845 Accounts Receivable - Net of Allowanc 25,050 Other Current Assets 0 Inventory 43,250 _________________ Total Current Assets 94,145 PROPERTY, PLANT, EQUIPMENT Cost of Property, Plant & Equipment 100,000 Less Accum. Depr & Amortization 0 _________________ Net Book Value of Assets 100,000 OTHER ASSETS Other Assets 0 _________________ TOTAL ASSETS 194,145 ================= LIABILITIES Current Liabilities Liabilities - Due in One Year 137,800 Current Year Income Taxes Payable 500 Accrued Payroll and Taxes 0 Other Current Liabilities 0 _________________ Total Current Liabilities 138,300 Long-Term Liabilities Long Term Portion of Bank Loan 0 Other Liabilities - Long Term 0 _________________ Total Long Term Liabilities 0 _________________ TOTAL LIABILITIES 138,300 OWNER'S EQUITY Capital and Retained Earnings 50,000 Net Income for Current Year 5,845 _________________ Total Owner's Equity 55,845 _________________ TOTAL LIABILITIES & OWNER'S EQUITY 194,145 =================