TRW Automotive (TRW) 8-K/A Results of Operations and Financial Condition

Exhibit 99.1

TRW Automotive Holdings Corp.

Condensed Consolidated Balance Sheets

	As of December 31,
(Dollars in millions)	2004		2003
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	790	$	828
Marketable securities		19		16
Accounts receivable, net		1,813		1,643
Inventories		684		635
Prepaid expenses		34		65
Deferred income taxes		176		120
Total current assets		3,516		3,307
Property, plant and equipment — net		2,635		2,523
Goodwill and other intangible assets — net		3,122		3,298
Prepaid pension cost		190		120
Deferred income taxes		91		129
Other assets		560		530
Total assets	$	10,114	$	9,907
LIABILITIES, MINORITY INTERESTS AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	40	$	76
Current portion of long-term debt		19		24
Trade accounts payable		1,887		1,626
Other current liabilities		1,534		1,400
Total current liabilities		3,480		3,126
Long-term debt		3,122		3,708
Post-retirement benefits other than pensions		959		935
Pension benefits		843		838
Deferred income taxes		268		222
Long-term liabilities		272		300
Total liabilities		8,944		9,129
Minority interests		65		50
Total stockholders’ equity		1,105		728
Total liabilities, minority interests and stockholder’s equity	$	10,114	$	9,907