ARO — Armadillo Resources Balance Sheet

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Annual balance sheet for Armadillo Resources, fiscal year end - May 31st, CAD millions except per share, conversion factor applied.

	2008 May 31st	2009 May 31st	2010 May 31st	R2011 May 31st	2012 May 31st
Period Length:	—	—	—	—	—
Source:	ARS	ARS	ARS	Interim Report	ARS
Standards:	CAS	CAS	CAS	—	IFRS
Status:	Final	Final	Final	Final	Final
Cash
Cash and Equivalents
Short Term Investments
Cash and Short Term Investments	0.736	0.454	0.008	0.103	0.002
Net Total Accounts Receivable
Net Total Receivables	0.004	0.007	0.032	0.056	0.007
Prepaid Expenses
Total Current Assets	0.74	0.461	0.04	0.186	0.017
Gross Property, Plant And Equipment
Accumulated Depreciation
Net Property, Plant And Equipment	—	0.406	0.932	1.28	11.5
Other Long Term Assets
Total Assets	0.74	0.975	1	10.3	11.6
Accounts Payable
Payable / Accrued
Notes Payable / Short Term Debt
Current Portion of Long Term Debt / Capital Leases
Total Current Liabilities	0.021	0.021	0.142	0.477	2.19
Capital Lease Obligations
Total Long Term Debt
Total Debt
Minority Interest
Total Liabilities	0.021	0.021	0.142	0.483	2.28
Common Stock
Additional Paid In Capital
Retained Earnings (Accumulated Deficit)
Total Equity	0.72	0.954	0.862	9.83	9.3
Total Liabilities & Shareholders' Equity	0.741	0.975	1	10.3	11.6
Total Common Shares Outstanding