38 Orbit G arant 2012 annual rep O rt C ONSOLIDATED b ALANCE S h EETS As of June 30, 2012, June 30, 2011 and July 1, 2010 June 30 June 30 July 1 2012 2011 2010 (in thousands of Canadian dollars) Notes $ $ $ Assets (note 22) (note 22) Current assets Cash 1,959 — 8,114 Accounts receivable 20 35,765 33,865 21,188 Inventories 7 42,036 33,646 22,708 Income taxes receivable 1,503 2,412 2,351 Prepaid expenses 1,165 689 460 82,428 70,612 54,821 Non-current assets Investments in associate 8 — — 886 Property, plant and equipment 9 55,880 43,223 31,681 Goodwill 10 26,771 22,715 19,698 Intangible assets 11 5,072 6,086 1,374 Total assets 170,151 142,636 108,460 Liabilities Current liabilities Bank overdraft — 698 — Accounts payable and accrued liabilities 20,206 19,009 17,158 Contingent considerations 2 1,564 774 — Current portion of long-term debt 12 401 168 203 22,171 20,649 17,361 Non-current liabilities Contingent considerations 2 2,792 1,356 — Long-term debt 12 25,971 14,673 172 Deferred tax liabilities 15 3,485 2,615 1,335 54,419 39,293 18,868 Equity Share capital 14 54,411 53,386 51,898 Equity settled reserve 14 3,524 2,520 1,703 Retained earnings 57,797 47,437 35,991 Equity attributable to shareholders 115,732 103,343 89,592 Total liabilities and equity 170,151 142,636 108,460 See accompanying notes to consolidated fnancial statements. Approved by the Board Eric Alexandre Jean-Yves Laliberte Director Director