Exhibit
99.4











SIRATSA
LLC AND SUBSIDIARIES





Consolidated
Financial Statements








































1













Report
of Independent Registered Public Accounting Firm




The Board
of Managers


Siratsa
LLC:




We have
audited the accompanying consolidated statement of operations, changes in
members’ equity, and cash flows for the year ended December 31, 2005 of
Siratsa LLC (a Delaware limited liability company, formerly Astaris LLC) and
subsidiaries (the Company). These consolidated financial statements are the
responsibility of the Company’s management. Our responsibility is to express an
opinion on these consolidated financial statements based on our
audit.





We
conducted our audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.





In our
opinion, the consolidated financial statements referred to above present fairly,
in all material respects, the results of Siratsa LLC and subsidiaries’
operations and cash flows the year ended December 31, 2005, in conformity
with U.S. generally accepted accounting principles.







/s/ KPMG
LLP




St.
Louis, Missouri


March 30,
2006

















SIRATSA LLC AND SUBSIDIARIES





Unaudited
Consolidated Balance Sheets





(Dollars
in thousands)




December 31,
              2007
            
            
            December 31,
              2006AssetsCurrent
      assets:Cash
      and cash equivalents
            
            $
            955
            
            
            $
            1,323Restricted
      cash (Note 2)
            
            
            2,492
            
            
            
            3,150Receivables:Other
            
            
            —
            
            
            
            65Deposits
      held in escrow
            
            
            12,534
            
            
            
            25,328Prepaid
      expenses and other current assets
            
            
            64
            
            
            
            64Total
      current assets
            
            
            16,045
            
            
            
            29,930Other
      assets
            
            
            152
            
            
            
            192Total
      assets
            
            $
            16,197
            
            
            $
            30,122Liabilities
      and Members’ EquityCurrent
      liabilities:Accounts
      payable and accrued expenses
            
            
            776
            
            
            
            5,448Due
      to affiliates (Note 1)
            
            
            12,534
            
            
            
            12,573Commitments
      and contingent liabilities (Note 5)
            
            
            —
            
            
            
            —Total
      liabilities
            
            
            13,310
            
            
            
            18,021Members’
      equity
            
            
            2,887
            
            
            
            12,101Total
      liabilities and members’ equity
            
            $
            16,197
            
            
            $
            30,122





See
accompanying notes to consolidated financial statements.

























3











SIRATSA LLC AND SUBSIDIARIES





Consolidated
Statements of Operations (1)





Year
ended December 31,





(Dollars
in thousands)




2007
            
            
            2006
            
            
            2005Net
      sales
            
            $
            —
            
            
            
            —
            
            
            
            320,209Cost
      of sales
            
            
            —
            
            
            
            —
            
            
            
            278,873Selling,
      general, and administration expenses
            
            
            495
            
            
            
            1,734
            
            
            
            22,495Restructuring
      and other expenses
            
            
            —
            
            
            
            —
            
            
            
            831Operating
      income (loss)
            
            
            (495
            )
            
            
            (1,734
            )
            
            
            18,010Other
      income (expense):Equity
      in earnings of joint venture
            
            
            —
            
            
            
            —
            
            
            
            1,350Gain
      on sale of assets (Note 3)
            
            
            —
            
            
            
            —
            
            
            
            125,909Interest
      expense
            
            
            —
            
            
            
            —
            
            
            
            (2,770
            )Interest
      income
            
            
            183
            
            
            
            736
            
            
            
            167Other,
      net
            
            
            70
            
            
            
            (4,028
            )
            
            
            (1,622
            )Total
      other income (loss)
            
            
            253
            
            
            
            (3,292
            )
            
            
            123,034Net
      income (loss) before income tax expense
            
            
            (242
            )
            
            
            (5,026
            )
            
            
            141,044Income
      tax expense
            
            
            —
            
            
            
            —
            
            
            
            126Net
      income (loss)
            
            $
            (242
            )
            
            
            (5,026
            )
            
            
            140,918





See
accompanying notes to consolidated financial statements. (1)





(1)
Information for year ended December 31, 2005 is audited. Information for years
ended December 31, 2006 and 2007 is unaudited.


































4





SIRATSA LLC AND SUBSIDIARIES





Consolidated
Statement of Changes in Members’ Equity (1)





(Dollars
in thousands)








Member's
              equity
            
            
            Accumulated
      other
              comprehensive income
            
            
            Total
      members'
              equity (deficit)
            
            
            Comprehensive
              income (loss)Balance,
      December 31, 2004
            $
            16,654
            
            
            
            (2,623
            )
            
            
            14,031Distributions
      to owners
            
            (140,445
            )
            
            
            —
            
            
            
            (140,445
            )Foreign
      currency adjustment
            
            —
            
            
            
            2,623
            
            
            
            2,623
            
            
            $
            2,623Net
      income
            
            140,918
            
            
            
            —
            
            
            
            140,918
            
            
            
            140,918Comprehensive
      income
            
            
            
            
            
            
            
            
            
            
            
            
            $
            143,541Balance,
      December 31, 2005
            $
            17,127
            
            
            
            —
            
            
            
            17,127Net
      loss
            
            (5,026
            )
            
            
            —
            
            
            
            (5,026
            )
            
            $
            (5,026
            )Comprehensive
      loss
            
            —
            
            
            
            —
            
            
            
            —
            
            
            $
            (5,026
            )Balance,
      December 31, 2006
            $
            12,101
            
            
            
            —
            
            
            
            12,101Distributions
      to owners
            
            (8,972
            )
            
            
            —
            
            
            
            (8,972
            )Net
      loss
            
            (242
            )
            
            
            —
            
            
            
            (242
            )
            
            $
            (242
            )Comprehensive
      loss
            
            —
            
            
            
            —
            
            
            
            —
            
            
            $
            (242
            )Balance,
      December 31, 2007
            $
            2,887
            
            
            
            —
            
            
            
            2,887





See
accompanying notes to consolidated financial statements. (1)





(1)
Information for year ended December 31, 2005 is audited. Information for years
ended December 31, 2006 and 2007 is unaudited.






















5





SIRATSA
LLC AND SUBSIDIARIES





Consolidated
Statements of Cash Flows (1)





Year
ended December 31,





(Dollars
in thousands)








2007
            
            
            2006
            
            
            2005Cash
      flows from operating activities:Net
      income (loss)
            
            $
            (242
            )
            
            
            (5,026
            )
            
            
            140,918Adjustments
      to reconcile net income (loss) to net cash (used in) provided by operating
      activities:Depreciation
            
            
            —
            
            
            
            —
            
            
            
            7,254Amortization
            
            
            —
            
            
            
            —
            
            
            
            357Gain
      on sale of assets
            
            
            —
            
            
            
            —
            
            
            
            (125,909
            )Loss
      on disposals of property, plant, and equipment
            
            
            —
            
            
            
            —
            
            
            
            533Noncash
      restructuring expenses
            
            
            —
            
            
            
            —
            
            
            
            (283
            )Equity
      in earnings of joint venture
            
            
            —
            
            
            
            —
            
            
            
            (1,350
            )Noncash
      interest income
            
            
            —
            
            
            
            (517
            )
            
            
            —Changes
      in operating assets and liabilities:Restricted
      cash
            
            
            658
            
            
            
            500
            
            
            
            (3,652
            )Receivables,
      net
            
            
            65
            
            
            
            502
            
            
            
            (5,027
            )Inventories
            
            
            —
            
            
            
            —
            
            
            
            (5,105
            )Deposits
      held in escrow
            
            
            12,794
            
            
            
            —
            
            
            
            (24,810
            )Due
      from affiliates
            
            
            —
            
            
            
            —
            
            
            
            1,097Prepaid
      expenses and other current assets
            
            
            40
            
            
            
            338
            
            
            
            (13
            )Bank
      overdrafts
            
            
            —
            
            
            
            —
            
            
            
            (445
            )Accounts
      payable and accrued expenses
            
            
            (4,672
            )
            
            
            3,152
            
            
            
            1,647Due
      to affiliates
            
            
            (39
            )
            
            
            —
            
            
            
            (35,892
            )Other
      long-term liabilities
            
            
            —
            
            
            
            —
            
            
            
            (69,781
            )Net
      cash (used in) provided by operating activities
            
            
            8,604
            
            
            
            (1,051
            )
            
            
            (120,461
            )Cash
      flows from investing activities:Additions
      to property, plant, and equipment
            
            
            —
            
            
            
            —
            
            
            
            (9,396
            )Proceeds
      from sale of assets, net of transaction costs and cash
sold
            
            
            —
            
            
            
            —
            
            
            
            253,610Cash
      distributions from joint venture
            
            
            —
            
            
            
            —
            
            
            
            252Net
      cash provided by (used in) investing activities
            
            
            —
            
            
            
            —
            
            
            
            244,466Cash
      flows from financing activities:Proceeds
      from revolver
            
            
            —
            
            
            
            —
            
            
            
            144,554Repayment
      of revolver
            
            
            —
            
            
            
            —
            
            
            
            (144,554
            )Deferred
      loan fees
            
            
            —
            
            
            
            —
            
            
            
            (1,447
            )Cash
      distributions to owners
            
            
            (8,972
            )
            
            
            —
            
            
            
            (127,672
            )Net
      cash (used in) provided by financing activities
            
            
            (8,972
            )
            
            
            —
            
            
            
            (129,119
            )Effect
      of exchange rate changes on cash
            
            
            
            
            
            
            
            
            
            
            (559
            )Net
      change in cash and cash equivalents
            
            
            (368
            )
            
            
            (1,051
            )
            
            
            (5,673
            )Cash
      and cash equivalents, beginning of year
            
            
            1,323
            
            
            
            2,374
            
            
            
            8,047Cash
      and cash equivalents, end of year
            
            $
            955
            
            
            
            1,323
            
            
            
            2,374Supplemental
      disclosures of cash flow information:Cash
      paid for interest
            
            $
            —
            
            
            
            —
            
            
            
            3,103Cash
      paid for taxes
            
            
            —
            
            
            
            280
            
            
            
            65Non-cash
      distributions to owners
            
            
            —
            
            
            
            —
            
            
            
            12,773





See
accompanying notes to consolidated financial statements. (1)





(1)
Information for year ended December 31, 2005 is audited. Information for years
ended December 31, 2006 and 2007 is unaudited.














6





SIRATSA LLC AND SUBSIDIARIES





Notes to
Consolidated Financial Statements





(Dollars
in thousands)





(1)
Operations and Organization





Organization
and Basis of Presentation





Siratsa
LLC, formerly Astaris LLC, and subsidiaries (Siratsa or the Company) was, prior
to the sale transaction described below, a diversified chemical producer of
phosphates and phosphoric acid products headquartered in St. Louis, Missouri.
Currently, the Company conducts no operations.





On
September 1, 2005, the Company, Solutia Inc. (Solutia) and FMC Corporation
(FMC) (the Owners) entered into an asset purchase agreement with Israel
Chemicals Limited (ICL) and one of its subsidiaries, pursuant to which the
Company agreed to sell substantially all of its foreign and domestic operating
assets to ICL for $255,000 in cash, subject to certain purchase price
adjustments, and the assumption by ICL of certain related liabilities. The
transaction closed on November 4, 2005. Subsequent to the closing of the
transaction, certain of the assets and liabilities of the Company that were not
included in the sale to ICL were transferred to Solutia and FMC. Generally,
these assets and liabilities consisted of cash, property originally contributed
to the joint venture by Solutia and FMC, as well as certain pre-closing
liabilities, including certain environmental liabilities. Certain non-operating
assets and liabilities remained with the Company.





As part
of the sale transaction, $12,534 of the sales proceeds were deposited in escrow
to secure Solutia’s indemnification obligations as defined in the Asset Purchase
Agreement. This amount is included in deposits held in escrow in the
consolidated balance sheet. This amount will be paid pursuant to the
indemnification provisions of the Asset Purchase Agreement. Therefore, an equal
amount is recorded as a liability in Due to affiliates in the consolidated
balance sheets as of December 31, 2007 and 2006.





Effective
December 2, 2005, the Company changed its name to Siratsa LLC.





The
accompanying consolidated financial statements include the accounts of Siratsa
LLC and subsidiaries. All significant intercompany balances and transactions
have been eliminated in consolidation. Information presented within the
consolidated financial statements and accompanying notes for the years ended
December 31, 2007 and 2006 is unaudited. Information presented for the year
ended December 31, 2005 is audited.





On
December 17, 2003, Solutia Inc. and its 14 U.S. subsidiaries (the "Debtors")
filed voluntary petitions for reorganization under Chapter 11 of the U.S.
Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New
York (the "Bankruptcy Court") under Case Number 03-17949
(PCB).





On
October 15, 2007, Solutia filed its Fifth Amended Joint Plan of Reorganization
(the “Plan”) and the related Fifth Amended Disclosure Statement (the “Disclosure
Statement”) with the Bankruptcy Court.  The Disclosure Statement was
approved by the Bankruptcy Court on October 19, 2007.  The Plan is
based on a comprehensive settlement reached with all of the major constituents
in its bankruptcy case which includes the following parties: Monsanto,
noteholders controlling at least $300 million in principal amount of the
2027/2037 notes, the Official Committee of General Unsecured Creditors, the
Official Committee of Equity Security Holders and the Ad Hoc Trade
Committee.





The
Disclosure Statement contains a description of the events that led up to the
Debtors’ bankruptcy filing, the actions the Debtors’ have taken to improve their
financial situation while in bankruptcy, a current description of the Debtors’
businesses and a summary of the classification and treatment of allowed claims
and equity interests under the Plan.  The Disclosure Statement was
sent to Solutia’s creditors and equity interest holders who approved the
Plan.  On November 29, 2007 the Bankruptcy Court entered an order
confirming the Plan.  The Plan became effective and Solutia emerged
from Chapter 11 on February 28, 2008.




(Continued)











7












SIRATSA
LLC AND SUBSIDIARIES





Notes to
Consolidated Financial Statements





(Dollars
in thousands)





(2)
Summary of Significant Accounting Policies





Use
of Estimates





The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements, and that affect revenues and expenses during the
period reported. Actual results are likely to differ from those
estimates.





Cash
and Cash Equivalents





The
Company considers all highly liquid investments, with original maturities of
three months or less, to be cash equivalents, except that any such investments
purchased with funds held in escrow or similar accounts are classified as
restricted cash. These investments are carried at cost, which approximates
market value.





Restricted
Cash





As of
December 31, 2007 and 2006, $2,492 and $3,150, respectively, were
classified as restricted cash. These monies are on deposit to cover insurance
claims paid by the workers’ compensation administrator.





Revenue
Recognition





Revenue
was recognized upon completion of the earnings process, which was upon shipment.
Net sales included billings to customers for shipping and handling, and the
related shipping and handling costs were classified as cost of sales. Rebates
due to customers were provided in the same period that the related sales were
recorded based on the contract terms.





Foreign
Currency Translation





Assets
and liabilities denominated in foreign currency were translated at current
exchange rates, and profit-and-loss accounts were translated at weighted average
exchange rates. Resulting translation gains and losses were included as a
separate component of members’ equity in accumulated other comprehensive income.
As part of the sale transaction, all foreign currency denominated assets and
liabilities were sold to ICL. As such, the balance of accumulated other
comprehensive loss on the transaction date of $1,144 was recorded as a component
of the gain on sale in the 2005 consolidated statement of
operations.





Income
Taxes





No
provision for United States Federal income taxes has been made in the
accompanying consolidated financial statements since any liability for such
income taxes is that of the Owners and not of the Company. The Company’s income
tax provision relates to certain foreign, state and local income
taxes.





(3)
Sale of Assets





The
Company and its Owners entered into an Asset Purchase Agreement with ICL, dated
September 1, 2005, to sell substantially all of the Company’s assets,
including $925 in cash, for $255,000 cash and the assumption of certain
liabilities. The sale price of the transaction was based on a purchased net
working capital balance of $58,000, with any difference on the date of close to
be reflected as an adjustment to the purchase price. The estimated purchased
working capital at closing was $70,243, which resulted in a preliminary purchase
price of $267,243. The Asset Purchase Agreement required that cash equal to the
estimated working capital excess on November 4, 2005, of $12,243 be
deposited in an escrow account to be released from escrow upon verification of
actual working capital on the transaction date. The Company recorded a gain on
the sale of $125,909, net of transaction costs of $12,708 and other
items.





(Continued)


8





SIRATSA
LLC AND SUBSIDIARIES





Notes to
Consolidated Financial Statements





(Dollars
in thousands)








Immediately
following the sale, the Company repaid its $53,618 in borrowings under the 2005
Credit Agreement. Then, most of the remaining assets and liabilities were
transferred to the Owners pursuant to the Owners’ Agreement dated
September 1, 2005. The remaining available proceeds were distributed to the
Owners pursuant to the Joint Venture Agreement.





Certain
fixed assets were excluded from the sale to ICL, including certain assets from
the Company’s operations in Sauget, Illinois. These assets were determined to be
fully impaired after the transaction and were written-off prior to distribution
to the Owners. The amount of this impairment was $9,653 and is included in the
gain on sale of assets in the 2005 consolidated statement of operations. The
remaining excluded assets were distributed at net book value on the date of
distribution.





In
February of 2007, the final working capital adjustments were determined. As a
result, the final purchase price was $263,448 and the amounts held in escrow
were released in 2007. The resolution of the final working capital adjustment,
which reduced the preliminary purchase price, required an amount due to ICL of
$4,028. This is comprised of a $3,795 working capital adjustment and $233 of
interest. This amount was accrued as “other expense” in the consolidated
statement of operations for the year ended December 31, 2006. In 2007,
after payment of amount due to ICL, the remaining funds, totaling $8,972, that
were deposited in the escrow account were distributed to owners.





Siratsa
ceased operations when the transaction was completed on November 4,
2005.




(4)
Accounts Payable and Accrued Expenses





Accounts
payable and accrued expenses at December 31, 2007 and 2006 consist of the
following:




2007
            
            
            2006Accounts
      payable
            
            $
            —
            
            
            $
            199Due
      to ICL
            
            
            —
            
            
            
            4,028Other
      accrued liabilities
            
            
            776
            
            
            
            1,221$
            776
            
            
            $
            5,448





(5)
Commitments and Contingencies





Pursuant
to the Asset Purchase Agreement and the Owner’s Agreement, responsibility for
certain contingent liabilities and commitments, including all lease commitments
related to the operating business of the Company, was assumed by ICL. Certain
other contingent liabilities, including indemnification obligations to ICL under
the Asset Purchase Agreement, were assumed by the Owners. The Company also
retained certain other contingent liabilities related to past operations of the
Company’s business.  There can be no assurance that the outcome of
these contingencies will be favorable, and adverse results in certain of these
contingencies could have a material adverse effect on the Company’s consolidated
financial position, results of operations or liquidity.





The
Company leased office space, plants, facilities, and various types of
manufacturing, data processing, and transportation equipment. Leases of real
estate generally provided for payment of property taxes, insurance and repairs
by the Company. Rent expense under operating leases was $2,448 in 2005. These
lease obligations have either been assumed by ICL or the Owners.





(Continued)











9








SIRATSA
LLC AND SUBSIDIARIES





Notes to
Consolidated Financial Statements





(Dollars
in thousands)








(6) Employee Benefit
Plan





Prior to
the sale of the Company’s assets, (see Note 3), the Company’s employees had the
option to participate in 401(k) plans (the 401(k) Plans). Employees that
qualified for participation could contribute up to 60% of their salary on a
before-tax basis, subject to a maximum contribution limit as determined by the
Internal Revenue Service, or 100% of their salary on an after-tax basis. The
Company matched 80% of the first 5% of participant contributions. The Company
made matching contributions to the 401(k) Plans totaling $1,157 in 2005. In
addition, the Company also contributed a percentage of employees’ eligible
earnings to a money purchase plan (the Money Purchase Plan) regardless of
employees’ 401(k) Plan participation. The contribution rate for the year 2005
was 3%.  The Company made contributions to the Money Purchase Plan
totaling $990 in 2005.





(7)
Concentrations





Sales to
one customer represented approximately 11% of sales in 2005. Purchases from two
vendors represented approximately 18% and 16%, respectively, in
2005.








(8)
Related Parties





The
Company and the Owners provided and received various services to and from each
other. Amounts included in the consolidated statements of operations related to
these services for 2005 are as follows:





2005Administrative
      services provided by the Owners and billed to the Company
            
            $
            221Manufacturing
      services and related infrastructure support provided by the Owners and
      billed to the Company
            
            
            13,759Environmental
      remediation services, dismantlement, and other restructuring charges
      billed by the Owners to the Company
            
            
            626Raw
      materials and finished goods purchased by the Company from the
      Owners
            
            
            6,609Net
      sales by the Company to the Owners
            
            
            1,740





In 2005,
the Company purchased raw materials from its former 44% joint venture investment
in FosBrasil. These purchases were approximately $9,514.

























10