BENPRES HOLDINGS CORPORATION

FINANCIAL HIGHLIGHTS

BENPRES HOLDINGS CORPORATION AND SUBSIDIARIES AUDITED CONSOLIDATED FINANCIAL INFORMATION (Amounts in Millions)
RESULTS OF OPERATIONS	2007	2006*	2005

Total Revenues	19,891	17,020	17,047
Costs and Expenses - net	12,966	11,672	16,402
Income(loss) before Income tax	6,925	706	645
Provision for Income tax	997	646	191
Income for continuing operations		4,702	454
Income for discontinued operations		-	685
Net Income (loss)	5,928	4,702	1,139

Attributable to:
Equity holders of parent	5,365	4,297	732
Minority interests	563	405	407
	5,928	4,702	1,139

FINANCIAL POSITION	2007	2006*	2005

Current Assets	11,364	9,232	8,838
Investments and Advances	18,979	20,111	16,548
Property and Equipment - Net	9,905	10,185	10,761
Other Assets - Net	8,081	8,409	8,130
Total Assets	48,329	47,937	44,277

Current Liabilities	26,757	31,509	30,738
Interests bearing loans & borrowing - net of current portion		2,449	4,522
Payable to MWSS		-	-
Other noncurrent liabilities	498	395	334
Total Liabilities		34,353	35,594
Equity Attributable to Holders of the Parent	9,677	7,343
Stockholder's Equity		13,104	8,683
Minority Interests	6,457	6,241	5,946

* Restated balances