Exhibit 99

CERBCO, Inc.

CONSOLIDATING SCHEDULE – STATEMENT OF OPERATIONS INFORMATION

THREE MONTHS ENDED MARCH 31, 2004

(unaudited)

	CERBCO, Inc. Consolidated				Eliminations			CERBCO, Inc. Unconsolidated			INEI Corporation
Sales	$	0		(A)	$	(112,134	)	$	0		$	112,134
Costs and Expenses:
Cost of sales		0		(A)		(252,031	)		0			252,031
Selling, general and administrative expenses		522,557		(A)		(1,436,582	)		522,557			1,436,582
Total Costs and Expenses		522,557				(1,688,613	)		522,557			1,688,613
Operating Loss		(522,557	)			1,576,479			(522,557	)		(1,576,479	)
Gain on Sale of Property and Equipment - Net		0		(A)		(270,990	)		0			270,990
Investment Income		26,385		(A)		(8,325	)		26,385			8,325
Interest Expense		0				0			0			0
Other Expense - Net		(1,224	)	(A)		48,010			(1,224	)		(48,010	)
Loss Before Income Taxes		(497,396	)			1,345,174			(497,396	)		(1,345,174	)
Provision (Credit) for Income Taxes		0				0			0			0
Loss from Continuing Operations		(497,396	)			1,345,174			(497,396	)		(1,345,174	)
Loss from Discontinued Operations - Net		(526,453	)	(A)		(526,453	)		0			0
NET LOSS	$	(1,023,849	)	(B)	$	818,721		$	(497,396	)	$	(1,345,174	)

1

CERBCO, Inc.

CONSOLIDATING SCHEDULE – STATEMENT OF OPERATIONS INFORMATION

NINE MONTHS ENDED MARCH 31, 2004

(unaudited)

	CERBCO, Inc. Consolidated				Eliminations			CERBCO, Inc. Unconsolidated			INEI Corporation
Sales	$	0		(C)	$	(2,004,973	)	$	0		$	2,004,973
Costs and Expenses:
Cost of sales		0		(C)		(2,115,446	)		0			2,115,446
Selling, general and administrative expenses		852,457		(C)		(3,133,508	)		852,457			3,133,508
Total Costs and Expenses		852,457				(5,248,954	)		852,457			5,248,954
Operating Loss		(852,457	)			3,243,981			(852,457	)		(3,243,981	)
Gain on Sale of Property and Equipment - Net		0		(C)		(6,027,759	)		0			6,027,759
Investment Income		128,229		(C)		(8,541	)		128,229			8,541
Interest Expense		0		(C)		22,333			0			(22,333	)
Other Income (Expense) - Net		(583,667	)	(C)		(40,734	)		(583,667	)		40,734
(Loss) Earnings Before Income Taxes		(1,307,895	)			(2,810,720	)		(1,307,895	)		2,810,720
Provision (Credit) for Income Taxes		0		(C)		(895,000	)		0			895,000
(Loss) Earnings from Continuing Operations		(1,307,895	)			(1,915,720	)		(1,307,895	)		1,915,720
Earnings from Discontinued Operations - Net		749,744		(C)		749,744			0			0
NET (LOSS) EARNINGS	$	(558,151	)	(D)	$	(1,165,976	)	$	(1,307,895	))	$	1,915,720

2

CERBCO, Inc.

CONSOLIDATING SCHEDULE – BALANCE SHEET INFORMATION

MARCH 31, 2004

(unaudited)

	CERBCO, Inc. Consolidated			Eliminations			CERBCO, Inc. Unconsolidated			INEI Corporation
ASSETS
Current Assets:
Cash and cash equivalents	$	17,590,356		$	0		$	8,564,085		$	9,026,271
Marketable securities		7,001,862			0			7,001,862			0
Accounts receivable		574,287			0			82,826			491,461
Inventories		114,398			0			0			114,398
Prepaid and refundable taxes		14,379			0			0			14,379
Prepaid expenses and other		165,985			0			66,248			99,737
TOTAL CURRENT ASSETS		25,461,267			0			15,715,021			9,746,246
Investment in subsidiary		0	(E)		(3,128,463	)		3,128,463			0
Intercompany receivables and payables		0			0			(32,391	)		32,391
Property, Plant and Equipment - net of accumulated depreciation		92,393			0			5,408			86,985
Other Assets:
Cash surrender value of SERP life insurance		2,342,515			0			2,019,382			323,133
Marketable securities		1,022,143			0			1,022,143			0
Deferred income taxes - net of valuation allowance		0			0			0			0
Deposits and other		44,489			0			44,489			0
TOTAL ASSETS	$	28,962,807		$	(3,128,463	)	$	21,902,515		$	10,188,755
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable and accrued liabilities	$	1,914,015		$	0		$	75,222		$	1,838,793
Income taxes payable		10,000			0			0			10,000
TOTAL CURRENT LIABILITIES		1,924,015			0			75,222			1,848,793
Accrued SERP liability		3,396,555			0			3,050,334			346,221
TOTAL LIABILITIES		5,320,570			0			3,125,556			2,195,014
Non-Owned Interests		4,865,278	(C)(E)		4,865,278			0			0
Stockholders’ Equity:
Common stock		119,690	(E)		(176,087	)		119,690			176,087
Class B Common stock		29,105	(E)		(11,904	)		29,105			11,904
Additional paid-in capital		7,578,028	(E)		(4,022,323	)		7,578,028			4,022,323
Retained earnings		11,050,136	(D)(E)		(4,973,040	)		11,050,136			4,973,040
Treasury stock		0	(E)		1,189,613			0			(1,189,613	)
TOTAL STOCKHOLDERS’ EQUITY		18,776,959			(7,993,741	)		18,776,959			7,993,741
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	28,962,807		$	(3,128,463	)	$	21,902,515		$	10,188,755

3

CERBCO, Inc.

CONSOLIDATING ELIMINATION ENTRIES

MARCH 31, 2004

(unaudited)

(A)
Sales	$	112,134
Gain on sale of property and equipment - net		270,990
Investment income		8,325
Loss from discontinued operations – net		526,453
Non-owned interests		818,721
Cost of sales			$	252,031
Selling, general and administrative expenses				1,436,582
Other expense - net				48,010
To eliminate the discontinued operations of INEI Corporation for the three months ended March 31, 2004.
(B)
Current year operations adjustments	$	818,721
Retained earnings			$	818,721
To close out impact of eliminating entries on current quarter’s statement of operations.
(C)
Sales	$	2,004,973
Gain on sale of property and equipment - net		6,027,759
Investment income		8,541
Other income		40,734
Cost of sales			$	2,115,446
Selling, general and administrative expenses				3,133,508
Interest expense				22,333
Provision for income taxes				895,000
Earnings from discontinued operations – net				749,744
Non-owned interests				1,165,976
To eliminate the discontinued operations of INEI Corporation for the nine months ended March 31, 2004.
(D)
Retained earnings	$	1,165,976
Current year operations adjustments			$	1,165,976
To close out impact of eliminating entries on nine months’ statement of operations.

4

CERBCO, Inc.

CONSOLIDATING ELIMINATION ENTRIES

MARCH 31, 2004

(unaudited)

(E)
Common stock	$	176,087
Class B stock		11,904
Additional paid-in capital		4,022,323
Retained earnings		3,807,064
Treasury stock			$	1,189,613
Non-owned interests				3,699,302
Investment in subsidiary				3,128,463
To eliminate investment in INEI Corporation.

5