Exhibit 99

CERBCO, Inc.

CONSOLIDATING SCHEDULE – STATEMENT OF OPERATIONS INFORMATION

THREE MONTHS ENDED DECEMBER 31, 2004

(unaudited)

	CERBCO, Inc. Consolidated			Eliminations		CERBCO, Inc. Unconsolidated		INEI Corporation
Sales	$	0	(A)	$	(156,736)	$	0	$	156,736
Costs and Expenses:
Cost of sales		0	(A)		(103,382)		0		103,382
Selling, general and administrative expenses		144,459	(A)		(161,781)		144,459		161,781
Total Costs and Expenses		144,459			(265,163)		144,459		265,163
Operating Loss		(144,459)			108,427		(144,459)		(108,427)
Investment Income		75,793	(A)		(14,751)		75,793		14,751
Other Income (Expense) - Net		(10,494)	(A)		(12,610)		(10,494)		12,610
Loss Before Income Taxes		(79,160)			81,066		(79,160)		(81,066)
Credit for Income Taxes		0			0		0		0
Loss from Continuing Operations		(79,160)			81,066		(79,160)		(81,066)
Loss from Discontinued Operations - Net		0			0		0		0
NET LOSS	$	(79,160)	(F)	$	81,066	$	(79,160)	$	(81,066)

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CERBCO, Inc.

CONSOLIDATING SCHEDULE – STATEMENT OF OPERATIONS INFORMATION

SIX MONTHS ENDED DECEMBER 31, 2004

(unaudited)

	CERBCO, Inc. Consolidated			Eliminations		CERBCO, Inc. Unconsolidated		INEI Corporation
Sales	$	0	(B)	$	(274,006)	$	0	$	274,006
Costs and Expenses:
Cost of sales		0	(B)		(203,006)		0		203,006
Selling, general and administrative expenses		300,694	(B)		(832,629)		300,694		832,629
Total Costs and Expenses		300,694			(1,035,635)		300,694		1,035,635
Operating Loss		(300,694)			761,629		(300,694)		(761,629)
Investment Income		116,248	(B)		(31,116)		116,248		31,116
Other Income (Expense) - Net		(17,756)	(B)		(46,571)		(17,756)		46,571
Loss Before Income Taxes		(202,202)			683,942		(202,202)		(683,942)
Credit for Income Taxes		(35,000)			0		(35,000)		0
Loss from Continuing Operations		(167,202)			683,942		(167,202)		(683,942)
Loss from Discontinued Operations - Net		0			0		0		0
NET LOSS	$	(167,202)	(G)	$	683,942	$	(167,202)	$	(683,942)

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CERBCO, Inc.

CONSOLIDATING SCHEDULE – BALANCE SHEET INFORMATION

DECEMBER 31, 2004

(unaudited)

	CERBCO, Inc. Consolidated			Eliminations		CERBCO, Inc. Unconsolidated		INEI Corporation
ASSETS
Current Assets:
Cash and cash equivalents	$	8,409,774	(D)	$	(3,588,051)	$	8,409,774	$	3,588,051
Cash in escrow		0	(D)		(225,000)		0		225,000
Marketable securities		8,510,828			0		8,510,828		0
Accounts receivable		52,343	(D)		(255,050)		52,343		255,050
Inventories		0	(D)		(138,179)		0		138,179
Prepaid expenses and other		18,732	(D)		(7,168)		18,732		7,168
TOTAL CURRENT ASSETS		16,991,677			(4,213,448)		16,991,677		4,213,448
Investment in subsidiary		0	(E)		(1,267,985)		1,267,985		0
Intercompany receivables and payables		0			0		(33,441)		33,441
Property, Plant and Equipment - net of accumulated depreciation		4,450	(D)		(59,897)		4,450		59,897
Other Assets:
Cash surrender value of SERP life insurance		2,145,169			0		2,145,169		0
Marketable securities		993,906			0		993,906		0
Deposits and other		44,489			0		44,489		0
Total assets of discontinued operations		4,273,345	(D)		4,273,345		0		0
TOTAL ASSETS	$	24,453,036		$	(1,267,985)	$	21,414,235	$	4,306,786
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable and accrued liabilities	$	22,089	(D)	$	(1,066,872)	$	22,089	$	1,066,872
Distributions payable		0			0		0		0
TOTAL CURRENT LIABILITIES		22,089			(1,066,872)		22,089		1,066,872
Accrued SERP liability		3,050,334			0		3,050,334		0
Total liabilities of discontinued operations		1,479,361	(C)(D)		1,479,361		0		0
TOTAL LIABILITIES		4,551,784			412,489		3,072,423		1,066,872
Non-Owned Interests		1,971,929	(B)(E)		1,971,929		0		0
Stockholders’ Equity:
Common stock		121,786	(E)		(176,086)		121,786		176,086
Class B Common stock		29,009	(E)		(11,904)		29,009		11,904
Additional paid-in capital		7,683,528	(E)		(4,022,324)		7,683,528		4,022,324
Retained earnings		10,095,000	(B)(C)(E)(G)		(631,702)		10,507,489		219,213
Treasury stock		0	(E)		1,189,613		0		(1,189,613)
TOTAL STOCKHOLDERS’ EQUITY		17,929,323			(3,652,403)		18,341,812		3,239,914
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	24,453,036		$	(1,267,985)	$	21,414,235	$	4,306,786

20

CERBCO, Inc.

CONSOLIDATING RECLASSIFICATION AND ELIMINATION ENTRIES

DECEMBER 31, 2004

(unaudited)

(A)
Sales	$	156,736
Investment income		14,751
Other income		12,610
Non-owned interests		49,340
Retained earnings		31,726
Cost of sales			$	103,382
Selling, general and administrative expenses				161,781
To reclassify the discontinued operations of INEI Corporation for the three months ended December 31, 2004.
(B)
Sales	$	274,006
Investment income		31,116
Other income		46,571
Non-owned interests		416,272
Retained earnings		267,670
Cost of sales			$	203,006
Selling, general and administrative expenses				832,629
To reclassify the discontinued operations of INEI Corporation for the six months ended December 31, 2004.
(C)
Retained earnings	$	412,489
Total liabilities of discontinued operations			$	412,489
To adjust investment in INEI Corporation to fair value at December 31, 2004.
(D)
Accounts payable and accrued liabilities	$	1,066,872
Total assets of discontinued operations		4,273,345
Cash and cash equivalents			$	3,588,051
Cash in escrow				225,000
Accounts receivable				255,050
Inventories				138,179
Prepaid expenses and other				7,168
Property, plant and equipment-net				59,897
Total liabilities of discontinued operations				1,066,872
To reclassify the assets and liabilities of discontinued operations at December 31, 2004.
(E)
Common stock	$	176,086
Class B stock		11,904
Additional paid-in capital		4,022,324
Retained earnings		635,485
Treasury stock			$	1,189,613
Investment in subsidiary				1,267,985
Non-owned interests				2,388,201
To eliminate investment in INEI Corporation at December 31, 2004.
(F)
Current period loss adjustments	$	81,066
Retained earnings			$	81,066
To close out impact of eliminating entries on statement of operations for the quarter ended December 31, 2004.
(G)
Current year operations adjustments	$	683,942
Retained earnings			$	683,942
To close out impact of eliminating entries on statement of operations for the six months ended December 31, 2004.

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