Exhibit 99

CERBCO, Inc.

CONSOLIDATING SCHEDULE – STATEMENT OF OPERATIONS INFORMATION

THREE MONTHS ENDED SEPTEMBER 30, 2004

(unaudited)

	CERBCO, Inc. Consolidated					Eliminations			CERBCO, Inc. Unconsolidated			INEI Corporation
Sales	$	0		(A	)	$	(117,270	)	$	0		$	117,270
Costs and Expenses:
Cost of sales		0		(A	)		(99,624	)		0			99,624
Selling, general and administrative expenses		156,235		(A	)		(670,848	)		156,235			670,848
Total Costs and Expenses		156,235					(770,472	)		156,235			770,472
Operating Loss		(156,235	)				653,202			(156,235	)		(653,202	)
Investment Income		40,455		(A	)		(16,365	)		40,455			16,365
Other Expense - Net		(7,262	)	(A	)		(33,961	)		(7,262	)		33,961
Loss Before Income Taxes		(123,042	)				602,876			(123,042	)		(602,876	)
Credit for Income Taxes		(35,000	)				0			(35,000	)		0
Loss from Continuing Operations		(88,042	)				602,876			(88,042	)		(602,876	)
Earnings from Discontinued Operations - Net		0					0			0			0
NET LOSS	$	(88,042	)	(E	)	$	602,876		$	(88,042	)	$	(602,876	)

18

CERBCO, Inc.

CONSOLIDATING SCHEDULE – BALANCE SHEET INFORMATION

SEPTEMBER 30, 2004

(unaudited)

	CERBCO, Inc. Consolidated				Eliminations			CERBCO, Inc. Unconsolidated		INEI Corporation
ASSETS
Current Assets:
Cash and cash equivalents	$	9,232,729	(C	)	$	(7,574,879	)	$	9,232,729	$	7,574,879
Cash in escrow		0	(C	)		(775,000	)		0		775,000
Marketable securities		6,052,573				0			6,052,573		0
Accounts receivable		100,054	(C	)		(238,205	)		100,054		238,205
Inventories		0	(C	)		(133,294	)		0		133,294
Prepaid expenses and other		31,952	(C	)		(61,834	)		31,952		61,834
TOTAL CURRENT ASSETS		15,417,308				(8,783,212	)		15,417,308		8,783,212
Investment in subsidiary		0	(D	)		(1,299,711	)		1,299,711		0
Intercompany receivables and payables		0				0			1,678,562		(1,678,562	)
Property, Plant and Equipment - net of accumulated depreciation		4,769	(C	)		(59,897	)		4,769		59,897
Other Assets:
Cash surrender value of SERP life insurance		2,003,270				0			2,003,270		0
Marketable securities		992,383				0			992,383		0
Deposits and other		44,489				0			44,489		0
Total assets of discontinued operations		8,843,109	(C	)		8,843,109			0		0
TOTAL ASSETS	$	27,305,328			$	(1,299,711	)	$	21,440,492	$	7,164,547
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable and accrued liabilities	$	44,960	(C	)	$	(1,182,696	)	$	44,960	$	1,182,696
Distributions payable		0	(C	)		(2,660,871	)		0		2,660,871
TOTAL CURRENT LIABILITIES		44,960				(3,843,567	)		44,960		3,843,567
Accrued SERP liability		3,050,334				0			3,050,334		0
Total liabilities of discontinued operations		4,287,782	(B	)(C)		4,287,782			0
TOTAL LIABILITIES		7,383,076				444,215			3,095,294		3,843,567
Non-Owned Interests		2,021,269	(A	)(D)		2,021,269			0		0
Stockholders’ Equity:
Common stock		119,749	(D	)		(176,086	)		119,749		176,086
Class B Common stock		29,046	(D	)		(11,904	)		29,046		11,904
Additional paid-in capital		7,578,028	(D	)		(4,022,324	)		7,578,028		4,022,324
			(A	)(B)
Retained earnings		10,174,160	(C	)(D)		(744,494	)		10,618,375		300,279
Treasury stock		0	(D	)		1,189,613			0		(1,189,613	)
TOTAL STOCKHOLDERS’ EQUITY		17,900,983				(3,765,195	)		18,345,198		3,320,980
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	27,305,328			$	(1,299,711	)	$	21,440,492	$	7,164,547

19

CERBCO, Inc.

CONSOLIDATING RECLASSIFICATION AND ELIMINATION ENTRIES

SEPTEMBER 30, 2004

(unaudited)

(A)
Sales	$	117,270
Investment income		16,365
Other income		33,961
Non-owned interests		366,932
Retained earnings		235,944
Cost of sales			$	99,624
Selling, general and administrative expenses				670,848
To reclassify the discontinued operations of INEI for the quarter ended September 30, 2004.
(B)
Retained earnings	$	444,215
Total liabilities of discontinued earnings			$	444,215
To adjust investment in INEI to fair value at September 30, 2004.
(C)
Accounts payable and accrued liabilities	$	1,182,696
Distributions payable		2,660,871
Total assets of discontinued operations		8,843,109
Cash and cash equivalents			$	7,574,879
Cash in escrow				775,000
Accounts receivable				238,205
Inventories				133,294
Prepaid expenses and other				61,834
Property, plant and equipment-net				59,897
Total liabilities of discontinued operations				3,843,567
To reclassify the assets and liabilities of discontinued operations at September 30, 2004.
(D)
Common stock	$	176,086
Class B stock		11,904
Additional paid-in capital		4,022,324
Retained earnings		667,211
Treasury stock			$	1,189,613
Investment in subsidiary				1,299,711
Non-owned interests				2,388,201
To eliminate investment in INEI at September 30, 2004.
(E)
Current period loss adjustments	$	602,876
Retained Earnings			$	602,876
To close out impact of eliminating entries on statement of operations for the quarter ended September 30, 2004.

20

CERBCO, Inc.

1419 Forest Drive, Suite 209 • Annapolis • Maryland 21403

Tel: 443.482.3374

Fax: 410.263.2960