CENTURA SOFTWARE CORPORATION
Condensed Consolidated Balance Sheet
(IN THOUSANDS)
JANUARY 31
JANUARY 31 NOTE PRIVATE 1998
1998 CONVERSION(1) PLACEMENT(2) PRO FORMA
(UNAUDITED) (UNAUDITED)
ASSETS
Cash & cash equivalents 3,587 1,870 5,457
Accounts receivable, net 10,561 10,561
Other current assets 2,941 2,941
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Total current assets 17,089 -- 1,870 18,959
Other assets, non current 8,714 8,714
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Total assets 25,803 -- 1,870 27,673
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LIABILITIES AND SHAREHOLDERS' DEFICIT
Current portion of long-term debt 12,182 (12,182) --
Accounts payable and accrued liabilities 9,499 9,499
Deferred revenue 12,921 12,921
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Total current liabilities 34,602 (12,182) -- 22,420
Long-term debt, less current portion --
Other long-term liabilities 856 856
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Total liabilities 35,458 (12,182) -- 23,276
Shareholder's Equity/(Deficit) (9,655) 12,182 1,870 4,397
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Total liabilities and shareholder's deficit 25,803 -- 1,870 27,673
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1) Note conversion to equity of $12,182,000, includes the $10,000,000 Note
and $2,182,000 in accrued interest through January 31, 1998.
2) Private Placement reflects gross proceeds of $2,470,000, less estimated
total transaction expenses of $600,000.