||||Adjustments| | | |||||

:--|:--|:--|:--|--:|:--|--:|:--|:--|:--|:--|

||||Purchase of TSLA| |Eliminations| |Consolidated||Change||

||AAPL|TSLA|DR|CR|DR|CR|||||

|P/L|||||||||||

|Total revenue|58,015,000|4,541,464|||||62,556,464||8%|4,541,464|

|Cost of revenue|(36,194,000)|(3,975,721)|||||(40,169,721)||11%|(3,975,721)|

|Gross profit|21,821,000|565,743|||||22,386,743||3%|565,743|

|Operating expenses|||||||||||

|R&D|(3,948,000)|(340,174)|||||(4,288,174)||9%|(340,174)|

|SGA|(4,458,000)|(703,929)|||||(5,161,929)||16%|(703,929)|

|Non-recurring items|0|(43,471)|||||(43,471)|||(43,471)|

|Other Operating Items|0|0|||||0|||0|

|Operating income|13,415,000|(521,831)|||||12,893,169||-4%|(521,831)|

|Add'l income/exp items|378,000|34,512|||||412,512||9%|34,512|

|EBIT|13,793,000|(487,319)|||||13,305,681||-4%|(487,319)|

|Interest expense|0|(157,453)|||||(157,453)|||(157,453)|

|EBT|13,793,000|(644,772)|||||13,148,228||-5%|(644,772)|

|Income Tax expense|(2,232,000)|(22,873)|||||(2,254,873)||1%|(22,873)|

|NCI share of P/L|0|(34,490)|||||(34,490)|||(34,490)|

|Equity method items|0|0|||||0|||0|

|Net Income (non-NCI)|11,561,000|(702,135)|||||10,858,865||-6%|(702,135)|

||||||||||||

|B/S|||||||||||

|Assets|||||||||||

|Current Assets|||||||||||

|Cash and Cash equiv.|37,988,000|2,329,119||14,501,310|||25,815,809||-32%|(12,172,191)|

|Short term investments|42,104,000|0|||||42,104,000||0%|0|

|Net receivables|26,278,000|1,046,945|||||27,324,945||4%|1,046,945|

|Inventory|4,884,000|3,836,850|||||8,720,850||79%|3,836,850|

|Other current assets|12,092,000|464,908|||||12,556,908||4%|464,908|

|Total current assets|123,346,000|7,677,822|||||116,522,512||-6%|(6,823,488)|

|Long term Assets|||||||||||

|Long term investments|145,319,000|413,181|||||145,732,181||0%|413,181|

|Investment in TSLA at cost|0|0|48,337,699|||48,337,699|0|||0|

|Fixed Assets|38,746,000|13,076,458|||||51,822,458||34%|13,076,458|

|Goodwill|0|74,312|||43,732,103||43,806,415|||43,806,415|

|Intangible Assets|0|273,568|||||273,568|||273,568|

|Other assets|34,587,000|7,397,183|||||41,984,183||21%|7,397,183|

|Deferred asset charges|0|0|||||0|||0|

|Total LTA|218,652,000|21,234,702|||||283,618,805||30%|64,966,805|

|Total assets|341,998,000|28,912,524|||||400,141,317||17%|58,143,317|

||||||||||||

|Liabilities|||||||||||

|Current liabilities|||||||||||

|A/P|30,443,000|5,525,778|||||35,968,778||18%|5,525,778|

|Short term debt/current LTD|22,429,000|1,705,711|||||24,134,711||8%|1,705,711|

|Other current liabilities|40,900,000|2,011,311|||||42,911,311||5%|2,011,311|

|Total current liabilities|93,772,000|9,242,800|||||103,014,800||10%|9,242,800|

|Non-current liabilities|||||||||||

|Long term debt|90,201,000|9,787,950|||||99,988,950||11%|9,787,950|

|Other liabilities|52,165,000|2,686,525|||||54,851,525||5%|2,686,525|

|Deferred liability charges|0|1,157,343|||||1,157,343|||1,157,343|

|Misc stocks|0|570,284|||||570,284|||570,284|

|Total non-current liabilities|142,366,000|14,202,102|||||156,568,102||10%|14,202,102|

|Total liabilities|236,138,000|23,444,902|||||259,582,902||10%|23,444,902|

||||||||||||

|Equity|||||||||||

|NCI|0|862,026|||||862,026|||862,026|

|Common stocks|42,801,000|174|||174||42,801,000||0%|0|

|Capital surplus|0|10,563,746||33,836,389|10,563,746||33,836,389|||33,836,389|

|Retained earnings|64,558,000|(5,923,305)||||5,923,305|64,558,000||0%|0|

|Treasury stock|0|0|||||0|||0|

|Other equity|(1,499,000)|(35,019)||||35,019|(1,499,000)||0%|0|

|Total equity|105,860,000|5,467,622|||||140,558,415||33%|34,698,415|

||||||||||||

|Liabilities + Equity|341,998,000|28,912,524|||||400,141,317||17%|58,143,317|

||0|0|48,337,699|48,337,699|54,296,023|54,296,023|0||||

|||||0||0|||||