PVMCF — Pine Valley Mining Balance Sheet

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Annual balance sheet for Pine Valley Mining, fiscal year end - March 31st, CAD millions except per share, conversion factor applied.

	2002 March 31st	2003 March 31st	2004 March 31st	C2005 March 31st	2006 March 31st
Period Length:	—	—	—	—	—
Source:	ARS	ARS	ARS	Interim Report	ARS
Standards:	CAS	CAS	CAS	CAS	CAS
Status:	Final	Final	Final	Final	Final
Cash
Cash and Short Term Investments	0.074	0.68	0.055	2.2	0.817
Net Total Accounts Receivable
Net Total Receivables	1.63	0.001	0.012	8.38	5.08
Total Inventory
Prepaid Expenses
Total Other Current Assets
Total Current Assets	2	0.686	0.073	17.3	16.6
Gross Property, Plant And Equipment
Accumulated Depreciation
Net Property, Plant And Equipment	13	10.4	16.9	39.9	60.4
Other Long Term Assets
Total Assets	15.1	11.1	16.9	59.9	82.1
Accounts Payable
Payable / Accrued
Accrued Expenses
Notes Payable / Short Term Debt
Current Portion of Long Term Debt / Capital Leases
Total Other Current Liabilities
Total Current Liabilities	3.6	0.186	3.28	27	28.5
Long Term Debt
Capital Lease Obligations
Total Long Term Debt
Total Debt
Deferred Income Tax
Total Other Liabilities
Total Liabilities	4.2	0.786	4.88	31.6	34.1
Common Stock
Additional Paid In Capital
Retained Earnings (Accumulated Deficit)
Other Equity
Total Equity	10.9	10.3	12.1	28.3	48
Total Liabilities & Shareholders' Equity	15.1	11.1	16.9	59.9	82.1
Total Common Shares Outstanding