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December 31
2004 2003
ASSETS
Current Assets
Cash and Cash Equivalents 14,232,169.00 1,100,000.00
Financial Assets 2,545,000.00 1,150,000.00
Short-term Investments 6,500,000.00 -
Trade and Other Payables-Net 12,574,457.07 13,750,000.00
Merchandise Inventory 3,940,279.37 900,000.00
Prepayments 400,000.00 500,000.00
Total Current Assets 40,191,905.44 17,400,000.00
Noncurrent Assets
Property and equipment - net 76,484,679.97 61,180,000.00
Intangible assets - 1000000
Total Noncurrent Assets 76,484,679.97 62,180,000.00
Total Assets 116,676,585.41 79,580,000.00
Equity
Ordinary Share Capital 70,000,000.00 45,000,000.00
Subscribed Ordinary Share Capital 5,000,000.00 -
Subscription Receivable- Ordinary Share Capital 2,625,000.00 -
Premium in Excess of Par 5,250,000.00 3,500,000.00
Retained earnings 2,871,401.69 8,629,500.00
Total Equity 80,496,401.69 57,129,500.00
Total Liabilities and Equity 116,412,953.67 79,580,000.00
GRACE CORPORATION
STATEMENTS OF COMPREHENSIVE INCOME
December 31
2004 2003
Revenues
Net Sales 110,710,751.07 53,439,000.00
110,710,751.07 53,439,000.00
Other Income
Interest Income 97,209.86 110,000.00
Others-net 1,632,504.00 -
1,729,713.86 110,000.00