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<br />H, ADDITIONAL INFORMATION (continued)
<br />
<br />CEO and President. The CEOlPresident oversees the company's two business units and the corporate groups. The
<br />Chief Financial Officer and the General Counsel also report to the CEO/President.
<br />The Executive Group
<br />The Executive Group is a seven-member committee (plus two ad hoc members) that meets regularly to advise the
<br />CEO/President on issues that need to be addressed, Each member of the Executive Group holds a special area of
<br />responsibility: CEO/President, Chairman of the Board of Directors, Chief Financial Officer and Corporate Groups,
<br />Chief Technology Officer, Municipal Managing Director, Federal/Industrial Managing Director, and Director of Red
<br />Oak Consultants,
<br />
<br />FINANCIAL STATE OF THE BUSINESS / ANNUAL REVENUE FOR PAST 2 YEARS
<br />
<br />For the purposes of this submittal, we present a summary of Malcolm Pirnie's balance sheets for the past three fiscal
<br />years: 2004, 2005, and 2006. From the balance sheets, one can see that the firm's assets and shareholders' equity are
<br />in upward trends, while the ratio of long-term debt to equity has remained low, With its excellent financial strength,
<br />Malcolm Pirnie can assure its clients of continued service for years to come.
<br />
<br />,
<br />MALCOLM
<br />PIRNIE
<br />
<br />MALCOUI PIIl.NIr.. INC
<br />BALANCE SIIEETS
<br />l>eeember 3 I. 201)(.. 2005 and 2004
<br />USS
<br />(In Thousands)
<br />
<br />ASSETS
<br />
<br />L1ABll.lTIEI, & EOUITY
<br />
<br />2006
<br />
<br />2006
<br />
<br />2004
<br />
<br />2005
<br />
<br />2U05
<br />
<br />2004
<br />
<br />C",h S 14.336 S 2.75 I S USO
<br />Aeeounls Il.l'eeh'ahle, Net X2,531 64.781 57..164
<br />Unhilkd CO'its 48.1'/'1 55.&-16 4-1,786
<br />Other CurreDt As~C'h 2,817 2.M3 1.86-1
<br />TOlal Current Assd' 147 ,883 126,021 112,X64
<br />I'roIJert)' and Equipment, Nel 19.631> 19.508 19.>78
<br />O{'posits and Other As..~h 2,956 ],9] I 2,141
<br />
<br />$ 86,0.>7 $ 67.-105 S 5'1.372
<br />
<br />Curn'ntl.iahilities
<br />
<br />14,X25
<br />
<br />I ~,3b.j 11,679
<br />
<br />Lon~-Term !.iahililil'"
<br />
<br />()Q.613
<br />
<br />67,69 I 63,3J2
<br />
<br />Equil)
<br />
<br />s ~ S 149.-160 S 13-1.383
<br />
<br />$ 170,415 S ~ $ 1)4.38,
<br />
<br />I eenif) thatth, balar.ces indicated
<br />alxwe were serilied by Emsl &. Young 1.1 .1',
<br />
<br />S fA lEUI' NEV> YORK
<br />ss:
<br />COUf\, ry OF WESICIIt'~1 FR
<br />
<br />\l'\E<.'OI.M I'IRNIF, II\C.
<br />
<br />Subscribed to bellm' Ille thi; f .lh day of May, 2007
<br />
<br />lL1U ) ~fd}
<br />
<br />Robert S, Belitz
<br />Vice President Finance &. ('ontruller
<br />
<br />Notary Ilublk
<br />
<br />ANNA T, DAVIS
<br />Notllrf Public, State of N_ Yol1l
<br />No.01DA6133832
<br />Ouallfi<ld In Westcl1ester County 2009
<br />ComrriAlon Expires September Ill.
<br />
<br />I>>u,'d: 5 0307
<br />
<br />STANDARD FORM 330 (6/2004) PAGE 5-6
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