Exhibit 99



CERBCO, Inc.

CONSOLIDATING SCHEDULE  STATEMENT OF OPERATIONS INFORMATION

THREE MONTHS ENDED DECEMBER 31, 2004

(unaudited)



|                                             |  |                          |          |   |  |    |   |              |   |          |                            |  |   |                 |   |  |   |          |  
|-------------------------------------------- |  | ------------------------ | -------- | - |  | -- | - | ------------ | - | -------- | -------------------------- |  | - | --------------- | - |  | - | -------- | -
|                                             |  | CERBCO, Inc.Consolidated |          |   |  |    |   | Eliminations |   |          | CERBCO, Inc.Unconsolidated |  |   | INEICorporation |  
|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 |  |                          | 229,359  |   |  | (A | ) |              |   | (161,781 | )                          |  |   | 229,359         |   |  |   | 161,781  |  
|                                             |  |                          |          |   |  |    |   |              |   |          |                            |  |   |                 |   |  |   |          |  
|Total Costs and Expenses                     |  |                          | 229,359  |   |  |    |   |              |   | (265,163 | )                          |  |   | 229,359         |   |  |   | 265,163  |  
|                                             |  |                          |          |   |  |    |   |              |   |          |                            |  |   |                 |   |  |   |          |  
|Operating Loss                               |  |                          | (229,359 | ) |  |    |   |              |   | 108,427  |                            |  |   | (229,359        | ) |  |   | (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                     |  |                          | (164,060 | ) |  |    |   |              |   | 81,066   |                            |  |   | (164,060        | ) |  |   | (81,066  | )
|Credit for Income Taxes                      |  |                          | 0        |   |  |    |   |              |   | 0        |                            |  |   | 0               |   |  |   | 0        |  
|                                             |  |                          |          |   |  |    |   |              |   |          |                            |  |   |                 |   |  |   |          |  
|Loss from Continuing Operations              |  |                          | (164,060 | ) |  |    |   |              |   | 81,066   |                            |  |   | (164,060        | ) |  |   | (81,066  | )
|Loss from Discontinued Operations - Net      |  |                          | 0        |   |  |    |   |              |   | 0        |                            |  |   | 0               |   |  |   | 0        |  
|                                             |  |                          |          |   |  |    |   |              |   |          |                            |  |   |                 |   |  |   |          |  
|NET LOSS                                     |  | $                        | (164,060 | ) |  | (F | ) |              | $ | 81,066   |                            |  | $ | (164,060        | ) |  | $ | (81,066  | )
|                                             |  |                          |          |   |  |    |   |              |   |          |                            |  |   |                 |   |  |   |          |  





---

Exhibit 99



CERBCO, Inc.

CONSOLIDATING SCHEDULE  STATEMENT OF OPERATIONS INFORMATION

SIX MONTHS ENDED
DECEMBER 31, 2004

(unaudited)



|                                             |  |                          |          |   |  |    |   |              |   |            |                            |  |   |                 |   |  |   |           |  
|-------------------------------------------- |  | ------------------------ | -------- | - |  | -- | - | ------------ | - | ---------- | -------------------------- |  | - | --------------- | - |  | - | --------- | -
|                                             |  | CERBCO, Inc.Consolidated |          |   |  |    |   | Eliminations |   |            | CERBCO, Inc.Unconsolidated |  |   | INEICorporation |  
|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 |  |                          | 385,594  |   |  | (B | ) |              |   | (832,629   | )                          |  |   | 385,594         |   |  |   | 832,629   |  
|                                             |  |                          |          |   |  |    |   |              |   |            |                            |  |   |                 |   |  |   |           |  
|Total Costs and Expenses                     |  |                          | 385,594  |   |  |    |   |              |   | (1,035,635 | )                          |  |   | 385,594         |   |  |   | 1,035,635 |  
|                                             |  |                          |          |   |  |    |   |              |   |            |                            |  |   |                 |   |  |   |           |  
|Operating Loss                               |  |                          | (385,594 | ) |  |    |   |              |   | 761,629    |                            |  |   | (385,594        | ) |  |   | (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                     |  |                          | (287,102 | ) |  |    |   |              |   | 683,942    |                            |  |   | (287,102        | ) |  |   | (683,942  | )
|Credit for Income Taxes                      |  |                          | (35,000  | ) |  |    |   |              |   | 0          |                            |  |   | (35,000         | ) |  |   | 0         |  
|                                             |  |                          |          |   |  |    |   |              |   |            |                            |  |   |                 |   |  |   |           |  
|Loss from Continuing Operations              |  |                          | (252,102 | ) |  |    |   |              |   | 683,942    |                            |  |   | (252,102        | ) |  |   | (683,942  | )
|Loss from Discontinued Operations - Net      |  |                          | 0        |   |  |    |   |              |   | 0          |                            |  |   | 0               |   |  |   | 0         |  
|                                             |  |                          |          |   |  |    |   |              |   |            |                            |  |   |                 |   |  |   |           |  
|NET LOSS                                     |  | $                        | (252,102 | ) |  | (G | ) |              | $ | 683,942    |                            |  | $ | (252,102        | ) |  | $ | (683,942  | )
|                                             |  |                          |          |   |  |    |   |              |   |            |                            |  |   |                 |   |  |   |           |  





---

Exhibit 99



CERBCO, Inc.

CONSOLIDATING SCHEDULE  BALANCE SHEET INFORMATION

DECEMBER 31, 2004

(unaudited)



|                                                                |  |                          |            |  |        |              |   |            |                            |  |   |                 |   |  |   |            |  
|--------------------------------------------------------------- |  | ------------------------ | ---------- |  | ------ | ------------ | - | ---------- | -------------------------- |  | - | --------------- | - |  | - | ---------- | -
|                                                                |  | CERBCO, Inc.Consolidated |            |  |        | Eliminations |   |            | CERBCO, Inc.Unconsolidated |  |   | INEICorporation |  
|ASSETS                                                          |  |                          |            |  |        |              |   |            |                            |  |   |                 |   |  |   |            |  
|Current Assets:                                                 |  |                          |            |  |        |              |   |            |                            |  |   |                 |   |  |   |            |  
|Cash and cash equivalents                                       |  | $                        | 8,409,774  |  | (D)    |              | $ | (3,588,051 | )                          |  | $ | 8,409,7740      |   |  | $ | 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 | )                          |  |   | 0               |   |  |   | 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                                      |  |                          | 7,768,428  |  | (E)    |              |   | (4,022,324 | )                          |  |   | 7,768,428       |   |  |   | 4,022,324  |  
|                                                                |  |                          |            |  | (B)(C) |              |   |            |                            |  |   |                 |   |  |   |            |  
|Retained earnings                                               |  |                          | 10,010,100 |  | (E)(G) |              |   | (631,702   | )                          |  |   | 10,422,589      |   |  |   | 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  |  
|                                                                |  |                          |            |  |        |              |   |            |                            |  |   |                 |   |  |   |            |  





---

Exhibit 99



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.