Communications Systems, Inc. Balance Sheet

Balance Sheet FYE: 31-Dec

Assets	9/30/2008	6/30/2008	3/31/2008	12/31/2007
Cash & Short Term Investments	30.43	27.56	25.45	29.43
Receivables - Total	27.75	25.09	23.42	20.84
Inventories - Total	26.13	27.23	28.32	28.10
Total Current Assets	86.44	82.35	81.70	80.78
Net Property, Plant & Equipment	12.71	12.85	12.28	13.94
Total Assets	105.39	101.64	99.71	100.76
Liabilities
Accounts Payable	13.75	11.66	10.86	11.46
Debt in Current Liabilities	0.34	0.34	0.33	0.32
Total Current Liabilities	14.10	12.00	11.19	11.78
Long-Term Debt	4.03	3.31	3.04	3.12
Total Liabilities	18.53	15.81	15.07	15.83
Stockholder's Equity
Minority Interest	NA	NA	NA	NA
Preferred Stock	NA	NA	NA	NA
Common Stock	0.43	0.43	0.43	0.43
Retained Earnings	51.63	50.10	48.92	49.78
Treasury Stock	NA	NA	NA	NA
Total Stockholders' Equity	86.85	85.84	84.65	84.93
Total Liabilities and Stockholders' Equity	105.39	101.64	99.71	100.76