Ecolab (ECL) 8-K/A Current report (amended)

Exhibit 99

ECOLAB INC.

CONSOLIDATED BALANCE SHEET

MARCH 31, 2004

(thousands)	March 31 2004		December 31 2003		March 31 2003
	(unaudited)				(unaudited)
Assets
Current assets
Cash and cash equivalents	$	46,322	$	85,626	$	56,554
Accounts receivable, net	666,105		626,002		594,433
Inventories	326,950		309,959		311,077
Deferred income taxes	76,677		75,820		75,276
Other current assets	69,224		52,933		62,296
Total current assets	1,185,278		1,150,340		1,099,636
Property, plant and equipment, net	773,271		736,797		694,729
Goodwill, net	907,242		797,211		734,671
Other intangible assets, net	231,325		203,859		204,438
Other assets, net	354,058		340,711		277,235
Total assets	$	3,451,174	$	3,228,918	$	3,010,709
Liabilities and Shareholders’ Equity
Current liabilities
Short-term debt	$	170,246	$	70,203	$	164,234
Accounts payable	223,880		212,287		207,303
Compensation and benefits	183,630		190,386		149,340
Income taxes	77,536		59,829		40,266
Other current liabilities	319,801		319,237		309,061
Total current liabilities	975,093		851,942		870,204
Long-term debt	620,642		604,441		569,296
Postretirement health care and pension benefits	260,287		249,906		213,133
Other liabilities	249,496		227,203		160,144
Shareholders’ equity	1,345,656		1,295,426		1,197,932
Total liabilities and shareholders’ equity	$	3,451,174	$	3,228,918	$	3,010,709