EX-99.1 2 dex991.htm MONTHLY OPERATING REPORT-PERIOD JAN.1, 2010 TO JAN.31, 2010, DATED FEB.26, 2010 Monthly Operating Report-Period Jan.1, 2010 to Jan.31, 2010, dated Feb.26, 2010

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

 

 

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor:   

 

Monthly Operating Report

For the Period January 1st, 2010 to January 31st, 2010

 

REQUIRED DOCUMENTS

    Form No.

Debtors Consolidating Schedule of Receipts and Disbursements

    MOR-1

Debtors Consolidating Schedule of Operating Receipts and Disbursements

    MOR-1a

Schedule of Cash Disbursements by Debtor Entity

    MOR-2

Schedule of Debtors Bank Account Balances

    MOR-3

Schedule of Professional Fees Paid

    MOR-4

Declaration Regarding the Reconciliation of the Debtors Bank Accounts

    MOR-5

Debtors Consolidating Balance Sheet

    MOR-6

Debtors Consolidating Statement of Operations

    MOR-7

Declaration Regarding the Status of Post-Petition Taxes of the Debtors

    MOR-8

Combined Listing of Post-Petition Aged Accounts Payable

    MOR-9

Combined Listing of Aged Accounts Receivable

    MOR-10

Summary of Debtors Post-Petition Inter-Company Receivables and Payables

    MOR-11

Debtors Questionnaire

    MOR-12

Supplement to Debtors Questionnaire

    MOR-12a

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

 

  /s/ William G. Harvey

      February 26th, 2010
Signature of Authorized Individual*      Date

William G. Harvey

     

Executive Vice President &

Chief Financial Officer

Printed Name of Authorized Individual      Title of Authorized Individual

 

* Authorized Individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

In re: Abitibibowater Inc., et al.,

NOTES TO THE MONTHLY OPERATING REPORT

 

1. Background and Basis of Presentation: On April 16, 2009 and December 21, 2009, Abitibibowater, Inc. (“ABI” or the “Company”) and certain of its U.S. and Canadian subsidiaries (collectively, the “Debtor Entities”) filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware (the “U.S. Court”) seeking relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”). On April 17, 2009, certain of the Company’s Canadian subsidiaries also filed to reorganize (the “Canadian Petition”) under the Companies’ Creditors Arrangement Act (“CCAA”) in the Superior Court of Justice in Canada, Province of Quebec, District of Montreal (the “Canadian Court”). Certain U.S. and Canadian legal entities, as well as some operations, (“Non-Debtor Affiliates”) were not included in the Chapter 11 filings and will continue to operate outside of the Chapter 11 process.

The unaudited financial statements included herein include the accounts and results of operations of the U.S. filed debtors. The information contained in this Monthly Operating Report (“MOR”) is provided to fulfill the reporting requirements set forth by the Office of the United States Trustee. All information contained herein is unaudited and subject to future adjustment.

In accordance with U.S. generally accepted accounting principles (GAAP), the Company has applied American Institute of Certified Public Accountant’s Statement of Position (“SOP”) 90-7, “Financial Reporting by Entities in Reorganization under the Bankruptcy Code” (“SOP 90-7”), in preparing the financial statements. SOP 90-7 requires that the financial statements, for periods subsequent to the Chapter 11 filing, distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. Accordingly, certain revenues, expenses (including professional fees), realized gains and losses and provisions for losses that are realized or incurred in the bankruptcy proceedings, are recorded in reorganization items on the accompanying unaudited statements of operations. In addition, pre-petition obligations that may be impacted by the bankruptcy reorganization process have been classified on the unaudited balance sheet at January 31, 2010 as Liabilities Subject to Compromise.

These financial statements are not intended to be prepared in conformity with U.S. GAAP, because they do not include all of the information and footnote disclosures required by U.S. GAAP for complete financial statements. The information contained in this MOR: (a) has not been audited or reviewed by independent registered public accountants, (b) is limited to the time period indicated, and (c) is not intended to reconcile to the consolidated financial statements filed by the Company in its Annual Report on Form 10-K for the Year ended December 31, 2008 (“2008 Form 10-K”) filed with the Securities and Exchange Commission (“SEC”) on April 30, 2009, or with consolidated financial statements in subsequently filed Quarterly Reports on Form 10-Q.

Preparation of the MOR requires management to make estimates and assumptions about future events that affect the reported amounts of assets, liabilities, revenues and expenses and disclosure of contingent assets and liabilities. The Company cannot determine future events and their effects with certainty, particularly while the Chapter 11 cases are proceeding. Therefore, the determination of estimates requires the exercise of judgment based on various assumptions, and other factors such as historical experience, current and expected economic conditions, and in some cases, actuarial calculations. The Company constantly reviews these significant factors and makes adjustments when appropriate.

The statement of operations and cash flows presented in the MOR for any interim period are not necessarily indicative of the results that may be expected for a full quarter, full year, or any future interim period. While every effort has been made to assure the accuracy and completeness of this MOR, errors or omissions may have inadvertently occurred and the Company reserves the right to amend the MOR as necessary. In particular, the Company is in the process of reconciling its pre-petition and post-petition liabilities, as well as its liabilities subject to compromise and not subject to compromise, and such amounts are subject to reclassification and/or adjustment in the future.

For the reasons discussed above, the Company cautions readers not to place undue reliance upon information contained in the MOR. For further information, refer to the Company’s consolidated financial statements and footnotes included in its 2008 Form 10-K filed with the SEC on April 30, 2009 and other filings with the SEC.

 

2. DIP Credit Facility: In connection with the commencement of the Chapter 11 proceedings, on April 16, 2009 the Company and certain of its affiliates filed a motion with the U.S. Court seeking approval to enter into a post petition credit agreement (the “DIP Credit Agreement”). On April 17, 2009, the U.S. Court granted interim approval of the DIP Credit Agreement. Final approval of the DIP Credit Agreement was granted by the U.S. Court on June 4, 2009.

The DIP Credit Agreement, as amended, provides for a term loan in the aggregate principal amount of up to USD $360,000,000, consisting of USD $166,000,000 for term loan borrowings of the US Borrowers, and a USD $40,000,000 term loan for borrowings of Bowater Canada ( the “Initial Loan”), plus subject to further approval from the Bankruptcy Court only after notice and a further hearing, an incremental USD $154,000,000 which may be advanced after the date of this order (the Incremental Facility).

The use of proceeds under the DIP Credit Agreement may be used for: (a) working capital; (b) other general corporate purposes of the Bowater Debtors; (c) payment of any related transaction costs, fees and expenses; (d) the payment of Adequate Protection Obligations; and (e) the costs of administration of these cases. On April 20th and 21st, the company drew down the current available amount of the DIP agreement.

 

3.

MOR-1 and MOR-1a: The detail presented in MOR-1 represents the total receipts and disbursements, taken directly from the debtors’ bank statements, for the period January 1st, 2010 through January 31st, 2010. The beginning and ending balances are also reported directly from the bank statements. Due to the nature of the debtor’s cash management system, the actual operating receipts and disbursements are captured within the numbers presented. MOR-1a breaks out the operating receipts and disbursements. Major categories of disbursements have been listed. The Company continues to refine the process by which items in the “Other” category are identified. These refinements will appear in subsequent month MORs.

 

4. Significant Accounting Policies: The significant accounting policies are consistent with those listed in the Company’s 2008 Form 10-K filed with the SEC on April 30, 2009.

 

5.

Liabilities Subject to Compromise: SOP 90-7 requires prepetition liabilities that are subject to compromise to be reported at the amounts expected to be allowed, even if they may be settled for lesser amounts. The amounts currently classified as Liabilities Subject to Compromise may be subject to future adjustments, depending on court actions, further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims, or other events. Certain accounts included in the Liabilities Subject to Compromise may be entitled to administrative expense priority under section 503(b)(9) of the Bankruptcy Code. As of January 31st, 2010, the components of Liabilities Subject to Compromise consisted of:

 

Unsecured Debt

    $ 2,974,875,299

Accounts Payable

      98,602,380

OPEB & Pension

      740,336,009

Liabilities Subject to Compromise

    $ 3,813,813,688

Under the Bankruptcy Code, the Debtors generally must assume or reject pre-petition executory contracts, including but not limited to real property leases, subject to the approval of the Bankruptcy Courts and certain other conditions. In this context, “assumption” means that the company agrees to perform its obligations and cure all existing defaults under the contract or lease, and “rejection” means that it is relieved from its obligations to perform further under the contract or

lease, but is subject to a pre-petition claim for damages for the breach thereof subject to certain limitations. Any damages resulting from rejection of executory contracts that are permitted to be recovered under the Bankruptcy Code will be treated as Liabilities Subject to Compromise unless such claims were secured prior to the Petition Date.

Since the Petition Date, the Company has received Court approval to reject a number of leases and other executory contracts of various types. The Company is reviewing all of its executory contracts and unexpired leases to determine which additional contracts and leases it will reject. The Company expects that additional Liabilities Subject to Compromise will arise due to rejection of executory contracts, including leases, and from the determination of the U.S. Court (or agreement by parties in interest) of allowed claims for contingencies and other disputed amounts. The Company also expects that the assumption of additional executory contracts and unexpired leases will convert certain of the liabilities shown on the accompanying financial statements as subject to compromise to post-petition liabilities. Due to the uncertain nature of many of the potential claims, the Company cannot project the magnitude of such claims with any degree of certainty.

In re: Abitibibowater Inc., et al.,    Chapter 11
   Case No. 09-11296
Debtor     

MOR-1

Debtors Consolidating Schedule of Receipts and Disbursements (1)

For the period of January 1, 2010 through January 31, 2010

(Dollars in Thousands)

 

     All
Debtor’s
Grand
Totals		    

AbitibiBowater

Inc.

09-11296

    

AbitibiBowater

US Holding

LLC

09-11297

   

Donohue

Corp.

09-11298

     Abitibi
Consolidated
Sales
Corporation
(ACSC)
09-11299		     Abitibi-
Consolidated
Alabama
Corporation
09-11300		     Alabama
River
Newsprint
Company
(ARNC)
09-11301		     Abitibi-
Consolidated
Corporation
09-11302		     Augusta
Woodlands,
LLC
09-11303		    Tenex Data
Inc.
09-11304		    Abitibi-
Consolidated
Finance LP
09-11305		  
           No Accounts     No Accounts                No Accounts                      No Accounts       

Beginning Cash Balance

    $ 465,851      $ —        $ —      $ 701      $ 12,658      $ —        $ 1,355      $ 510      $ 273    $ —      $ 51   

Total Cash Receipts

    $ 809,821      $ —        $ —      $ —        $ 192,161      $ —        $ 225      $ 6,889      $ —      $ —      $ —     

Total Cash Disbursements

    $ (799,302 )    $ —        $ —      $ —        $ (198,169 )    $ —        $ (311 )    $ (6,500 )    $ —      $ —      $ —     
        

Ending Cash Balance

    $ 476,371      $ —        $ —      $ 701      $ 6,649      $ —        $ 1,269      $ 899      $ 273    $ —      $ 51   
        

    

 

  

     Bowater
Newsprint
South LLC
09-11306		    

Bowater

Newsprint

South

Operations

LLC

09-11307

    

Bowater
Finance II,
LLC

09-11308

   

Bowater
Alabama
LLC

09-11309

    

Coosa Pines
Golf Club,
LLC

09-11310

     Bowater
Incorporated
09-11311		    

Catawba
Property
Holdings
LLC

09-11312

    

Bowater
Finance
Company
Inc.

09-11314

    

Bowater
South
American
Holdings,
Inc.

09-11315

    Bowater
America
Inc. (BAI)
09-11316		   

Lake
Superior
Forest
Products
Inc.

09-11317

  
                 No Accounts          No Accounts           No Accounts           No Accounts    No Accounts       

Beginning Cash Balance

    $ 1      $ 4      $ —      $ 111      $ —        $ 429,189      $ —        $ 3      $ —      $ —      $ 1   

Total Cash Receipts

    $ —        $ 4      $ —      $ 279      $ —        $ 454,556      $ —        $ —        $ —      $ —      $ 46   

Total Cash Disbursements

    $ —        $ (0 )    $ —      $ (5 )    $ —        $ (442,534 )    $ —        $ —        $ —      $ —      $ (0 ) 
        

Ending Cash Balance

    $ 1      $ 8      $ —      $ 386      $ —        $ 441,211      $ —        $ 3      $ —      $ —      $ 47   
        

 

In re: Abitibibowater Inc., et al.,    Chapter 11
   Case No. 09-11296
Debtor   

 

MOR-1 (Continued)

Debtors Consolidating Schedule of Receipts and Disbursements (1)

For the period of January 1, 2010 through January 31, 2010

(Dollars in Thousands)

 

    Bowater
Canada
Finance
Corporation
09-11319		     Bowater
Canadian
Holdings
Incorporated
09-11320		     AbitibiBowater
Canada Inc.
09-11321		     Bowater
Canadian
Forest
Products
Inc.
09-11322		     Bowater
Maritimes
Inc.
09-11324		     Bowater
LaHave
Corporation
09-11325		     Bowater
Canadian
Limited
09-11326		     Bowater
Nuway
Inc.
09-11328		     Bowater
Nuway
Mid-States
Inc.
09-11329		   Bowater
Ventures
Inc.
09-11330		    

AbitibiBowater
US Holding 1
Corp

09-11331

     ABH LLC 1
09-14485		   ABH Holding
Company LLC
09-14487
                                                    No Accounts               No Accounts   No Accounts

Beginning Cash Balance

   $ 2      $ 664      $ 1      $ 19,322      $ 224      $ 42      $ 734      $ 1      $ —     $ 3      $ 1      $ —     $ —  

Total Cash Receipts

   $ 2      $ —        $ —        $ 155,117      $ 540      $ —        $ —        $ —        $ —     $ —        $ —        $ —     $ —  

Total Cash Disbursements

   $ (1 )    $ (1 )    $ (0 )    $ (151,280 )    $ (488 )    $ (0 )    $ (12 )    $ (0 )    $ —     $ (0 )    $ (0 )    $ —     $ —  
     

Ending Cash Balance

   $ 4      $ 664      $ 0      $ 23,159      $ 277      $ 41      $ 722      $ 1      $ —     $ 2      $ 1      $ —     $ —  
     

Notes:

 

(1) The debtors accounting systems are designed to provide operating reports in accordance with GAAP. The accounting systems are not designed to produce reports that are consistent with the requirements of the U.S. Trustee. As a result, the information presented in this cash flow was prepared using bank account statements as supplied to the debtors from the banks and therefore the ending cash balance on MOR-1 may not agree with the ending cash balance on MOR-6. The numbers presented in the cash flow are subject to change as additional information is made available. The information contained herein is provided to fulfill the requirements of the Office of the United States Trustee. All information contained herein is unaudited and subject to future adjustments.
(2) Receipts and disbursements include all cash transactions from bank statements including all activity within the accounts of a Debtor, and activity to and from affiliated Debtors.
(3) All amounts are stated in U.S. Dollars. Accounts normally stated in Canadian Dollars, British Pounds, or Euros have been converted to USD at the end of month foreign exchange rates.

 

In re: Abitibibowater Inc., et al.,    Chapter 11
   Case No. 09-11296
Debtor:   

 

MOR-1a

Debtors Consolidated Schedule of Receipts and Disbursements (1)

For the period of January 1, 2010 through January 31, 2010

(Dollars in Thousands)

 

    All
Debtor’s
Grand
Totals		    

AbitibiBowater
Inc.

09-11296

    

AbitibiBowater
US Holding

LLC

09-11297

   Donohue
Corp.
09-11298		   Abitibi
Consolidated
Sales
Corporation
(ACSC)
09-11299		     Abitibi-
Consolidated
Alabama
Corporation
09-11300		   Alabama
River
Newsprint
Company
(ARNC)
09-11301		     Abitibi-
Consolidated
Corporation
09-11302		     Augusta
Woodlands,
LLC
09-11303		   Tenex
Data
Inc.
09-11304		   Abitibi-
Consolidated
Finance LP
09-11305		  

Bowater
Newsprint South
LLC

09-11306

  

Total Cash Receipts

   $ 304,728      $ —        $ —     $ —     $ 106,400      $ —     $ 45      $ 371      $ —     $ —     $ —     $ —     

Disbursements:

                        

Payroll & Payroll Taxes

   $ (42,687 )    $ (248 )    $ —     $ —     $ —        $ —     $ (78 )    $ (1,179 )    $ —     $ —     $ —     $ —     

Non-Payroll Labor

   $ (6,279 )    $ —        $ —     $ —     $ —        $ —     $ (6 )    $ —        $ —     $ —     $ —     $ —     

Raw Materials

   $ (59,033 )    $ —        $ —     $ —     $ —        $ —     $ —        $ (6,467 )    $ —     $ —     $ —     $ —     

Utilities

   $ (11,405 )    $ —        $ —     $ —     $ —        $ —     $ —        $ —        $ —     $ —     $ —     $ —     

Freight

   $ (11,373 )    $ —        $ —     $ —     $ (1,704 )    $ —     $ (1 )    $ —        $ —     $ —     $ —     $ (80 ) 

SG&A

   $ (15,339 )    $ —        $ —     $ —     $ (131 )    $ —     $ (6 )    $ —        $ —     $ —     $ —     $ —     

Supplies

   $ (13,030 )    $ —        $ —     $ —     $ —        $ —     $ (2 )    $ —        $ —     $ —     $ —     $ —     

Rent

   $ (41 )    $ —        $ —     $ —     $ —        $ —     $ —        $ —        $ —     $ —     $ —     $ —     

Customer Rebates

   $ (900 )    $ —        $ —     $ —     $ (733 )    $ —     $ —        $ —        $ —     $ —     $ —     $ —     

Interest

   $ (8,872 )    $ —        $ —     $ —     $ (4,667 )    $ —     $ —        $ —        $ —     $ —     $ —     $ —     

Security Deposits

   $ —        $ —        $ —     $ —     $ —        $ —     $ —        $ —        $ —     $ —     $ —     $ —     

Taxes

   $ —        $ —        $ —     $ —     $ —        $ —     $ —        $ —        $ —     $ —     $ —     $ —     

Other

   $ (31,686 )    $ —        $ —     $ —     $ (17,912 )    $ —     $ (0 )    $ —        $ —     $ —     $ —     $ —     
       

Total Cash Disbursements

   $ (200,645 )    $ (248 )    $ —     $ —     $ (25,147 )    $ —     $ (93 )    $ (7,645 )    $ —     $ —     $ —     $ (80 ) 

Notes:

(1) MOR 1-a is intended to represent the operating cash flow of each debtor, including operating cash activity of each debtor as well as payments made on behalf of a debtor by an affiliated entity.
(2) MOR 1-a excludes $1.220 billion of intercompany cash settlements, and $25.0 million of currency exchange transactions.
(3) The debtors accounting systems are designed to provide operating reports in accordance with GAAP. The accounting systems are not designed to produce reports that are consistent with the requirements of the U.S. Trustee. As a result, the information presented in this cash flow was prepared using bank account statements as supplied to the debtors from the banks. The numbers presented in the cash flow are subject to change as additional information is made available. The information contained herein is provided to fulfill the requirements of the Office of the United States Trustee. All information contained herein is unaudited and subject to future adjustments.
(4) All amounts are stated in U.S. Dollars. Accounts normally stated in Canadian Dollars, British Pounds, or Euros have been converted to USD at end of month foreign exchange rates.
(5) The amounts listed in Other are in the process of still being identified so in the future they can be accurately shown in one of the existing disbursement categories.

 

In re: Abitibibowater Inc., et al.,    Chapter 11
   Case No. 09-11296
Debtor:   

 

MOR-1a (continued)

Debtors Consolidated Schedule of Receipts and Disbursements (1)

For the period of January 1, 2010 through January 31, 2010

(Dollars in Thousands)

 

    Bowater
Newsprint
South
Operations
LLC
09-11307		     Bowater
Finance
II, LLC
09-11308		   Bowater
Alabama
LLC
09-11309		     Coosa
Pines
Golf
Club,
LLC
09-11310		   Bowater
Incorporated
09-11311		     Catawba
Property
Holdings
LLC
09-11312		   Bowater
Finance
Company
Inc.
09-11314		   Bowater
South
American
Holdings,
Inc.
09-11315		   Bowater
America
Inc.
(BAI)
09-11316		     Lake
Superior
Forest
Products
Inc.
09-11317		   Bowater
Canada
Finance
Corporation
09-11319		   Bowater
Canadian
Holdings
Incorporated
09-11320

Total Cash Receipts

   $ 4      $ —     $ 279      $ —     $ 163,346      $ —     $ —     $ —     $ —        $ —     $ —     $ —  

Disbursements:

                        

Payroll & Payroll Taxes

   $ (1,226 )    $ —     $ (3,211 )    $ —     $ (23,049 )    $ —     $ —     $ —     $ (1,059 )    $ —     $ —     $ —  

Non-Payroll Labor

   $ (224 )    $ —     $ (2 )    $ —     $ (5,278 )    $ —     $ —     $ —     $ —        $ —     $ —     $ —  

Raw Materials

   $ (542 )    $ —     $ —        $ —     $ (39,178 )    $ —     $ —     $ —     $ —        $ —     $ —     $ —  

Utilities

   $ (120 )    $ —     $ —        $ —     $ (11,276 )    $ —     $ —     $ —     $ —        $ —     $ —     $ —  

Freight

   $ (5 )    $ —     $ (168 )    $ —     $ (6,908 )    $ —     $ —     $ —     $ (1,083 )    $ —     $ —     $ —  

SG&A

   $ (1,756 )    $ —     $ —        $ —     $ (11,175 )    $ —     $ —     $ —     $ —        $ —     $ —     $ —  

Supplies

   $ (704 )    $ —     $ —        $ —     $ (10,872 )    $ —     $ —     $ —     $ —        $ —     $ —     $ —  

Rent

   $ —        $ —     $ —        $ —     $ (41 )    $ —     $ —     $ —     $ —        $ —     $ —     $ —  

Customer Rebates

   $ —        $ —     $ —        $ —     $ (167 )    $ —     $ —     $ —     $ (0 )    $ —     $ —     $ —  

Interest

   $ —        $ —     $ —        $ —     $ (2,903 )    $ —     $ —     $ —     $ —        $ —     $ —     $ —  

Security Deposits

   $ —        $ —     $ —        $ —     $ —        $ —     $ —     $ —     $ —        $ —     $ —     $ —  

Taxes

   $ —        $ —     $ —        $ —     $ —        $ —     $ —     $ —     $ —        $ —     $ —     $ —  

Other

   $ (411 )    $ —     $ (26 )    $ —     $ (1,037 )    $ —     $ —     $ —     $ —        $ —     $ —     $ —  
     

Total Cash Disbursements

   $ (4,989 )    $ —     $ (3,408 )    $ —     $ (111,884 )    $ —     $ —     $ —     $ (2,142 )    $ —     $ —     $ —  

Notes:

(1) MOR 1-a is intended to represent the operating cash flow of each debtor, including operating cash activity of each debtor as well as payments made on behalf of a debtor by an affiliated entity.
(2) MOR 1-a excludes $1.220 billion of intercompany cash settlements, and $25.0 million of currency exchange transactions.
(3) The debtors accounting systems are designed to provide operating reports in accordance with GAAP. The accounting systems are not designed to produce reports that are consistent with the requirements of the U.S. Trustee. As a result, the information presented in this cash flow was prepared using bank account statements as supplied to the debtors from the banks. The numbers presented in the cash flow are subject to change as additional information is made available. The information contained herein is provided to fulfill the requirements of the Office of the United States Trustee. All information contained herein is unaudited and subject to future adjustments.
(4) All amounts are stated in U.S. Dollars. Accounts normally stated in Canadian Dollars, British Pounds, or Euros have been converted to USD at end of month foreign exchange rates.
(5) The amounts listed in Other are in the process of still being identified so in the future they can be accurately shown in one of the existing disbursement categories.

 

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor:   

 

MOR-1a (continued)

Debtors Consolidated Schedule of Receipts and Disbursements (1)

For the period of January 1, 2010 through January 31, 2010

(Dollars in Thousands)

 

    AbitibiBowater
Canada Inc.
09-11321		   Bowater
Canadian
Forest
Products
Inc.
09-11322		     Bowater
Maritimes
Inc.
09-11324		  

Bowater

LaHave
Corporation
09-11325

   Bowater
Canadian
Limited
09-11326		   Bowater
Nuway
Inc.
09-11328		     Bowater
Nuway
Mid-States
Inc.
09-11329		     Bowater
Ventures
Inc.
09-11330		  

AbitibiBowater
US Holding 1
Corp

09-11331

   ABH LLC 1
09-14485		   ABH Holding
Company LLC
09-14487

Total Cash Receipts

   $ —     $ 34,250      $ 33   $ —     $ —     $ —        $ —        $ —     $ —     $ —     $ —  

Disbursements:

                      

Payroll & Payroll Taxes

   $ —     $ (12,632 )    $ —     $ —     $ —     $ —        $ (4 )    $ —     $ —     $ —     $ —  

Non-Payroll Labor

   $ —     $ (768 )    $ —     $ —     $ —     $ (1 )    $ —        $ —     $ —     $ —     $ —  

Raw Materials

   $ —     $ (12,846 )    $ —     $ —     $ —     $ —        $ —        $ —     $ —     $ —     $ —  

Utilities

   $ —     $ (9 )    $ —     $ —     $ —     $ —        $ —        $ —     $ —     $ —     $ —  

Freight

   $ —     $ (1,424 )    $ —     $ —     $ —     $ —        $ —        $ —     $ —     $ —     $ —  

SG&A

   $ —     $ (2,269 )    $ —     $ —     $ —     $ (1 )    $ —        $ —     $ —     $ —     $ —  

Supplies

   $ —     $ (1,452 )    $ —     $ —     $ —     $ —        $ —        $ —     $ —     $ —     $ —  

Rent

   $ —     $ —        $ —     $ —     $ —     $         $ —        $ —     $ —     $ —     $ —  

Customer Rebates

   $ —     $ —        $ —     $ —     $ —     $ —        $ —        $ —     $ —     $ —     $ —  

Interest

   $ —     $ (1,303 )    $ —     $ —     $ —     $ —        $ —        $ —     $ —     $ —     $ —  

Security Deposits

   $ —     $ —        $ —     $ —     $ —     $ —        $ —        $ —     $ —     $ —     $ —  

Taxes

   $ —     $ —        $ —     $ —     $ —     $ —        $ —        $ —     $ —     $ —     $ —  

Other

   $ —     $ (12,301 )    $ —     $ —     $ —     $ —        $ —        $ —     $ —     $ —     $ —  
     

Total Cash Disbursements

   $ —     $ (45,005 )    $ —     $ —     $ —     $ (2 )    $ (4 )    $ —     $ —     $ —     $ —  

Notes:

(1) MOR 1-a is intended to represent the operating cash flow of each debtor, including operating cash activity of each debtor as well as payments made on behalf of a debtor by an affiliated entity.
(2) MOR 1-a excludes $1.220 billion of intercompany cash settlements, and $25.0 million of currency exchange transactions.
(3) The debtors accounting systems are designed to provide operating reports in accordance with GAAP. The accounting systems are not designed to produce reports that are consistent with the requirements of the U.S. Trustee. As a result, the information presented in this cash flow was prepared using bank account statements as supplied to the debtors from the banks. The numbers presented in the cash flow are subject to change as additional information is made available. The information contained herein is provided to fulfill the requirements of the Office of the United States Trustee. All information contained herein is unaudited and subject to future adjustments.
(4) All amounts are stated in U.S. Dollars. Accounts normally stated in Canadian Dollars, British Pounds, or Euros have been converted to USD at end of month foreign exchange rates.
(5) The amounts listed in Other are in the process of still being identified so in the future they can be accurately shown in one of the existing disbursement categories.

 

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor   

 

MOR-2

Schedule of Cash Disbursements by Debtor Entity

(Dollars in Thousands)

 

Debtor Entity    Notes    

Bankruptcy

Case

Number

    Disbursements
for the Period
January 1,
2010 to
January 31,
2010 (1)

AbitibiBowater Inc.

      09-11296    $ 248

AbitibiBowater US Holding LLC

    (2 )    09-11297    $ —  

Donohue Corp.

    (2 )    09-11298    $ —  

Abitibi Consolidated Sales Corporation (ACSC)

      09-11299    $ 25,147

Abitibi-Consolidated Alabama Corporation

    (2 )    09-11300    $ —  

Alabama River Newsprint Company (ARNC)

      09-11301    $ 93

Abitibi-Consolidated Corporation

      09-11302    $ 7,645

Augusta Woodlands, LLC

    (2 )    09-11303    $ —  

Tenex Data Inc.

    (2 )    09-11304    $ —  

Abitibi-Consolidated Finance LP

    (2 )    09-11305    $ —  

Bowater Newsprint South LLC

      09-11306    $ 80

Bowater Newsprint South Operations LLC

      09-11307    $ 4,989

Bowater Finance II, LLC

    (2 )    09-11308    $ —  

Bowater Alabama LLC

      09-11309    $ 3,408

Coosa Pines Golf Club, LLC

    (2 )    09-11310    $ —  

Bowater Incorporated

      09-11311    $ 111,884

Catawba Property Holdings LLC

    (2 )    09-11312    $ —  

Bowater Finance Company, Inc.

    (2 )    09-11314    $ —  

Bowater South American Holdings, Inc.

    (2 )    09-11315    $ —  

Bowater America Inc. (BAI)

      09-11316    $ 2,142

Lake Superior Forest Products Inc.

    (2 )    09-11317    $ —  

Bowater Canada Finance Corporation

    (2 )    09-11319    $ —  

Bowater Canadian Holdings Incorporated

    (2 )    09-11320    $ —  

AbitibiBowater Canada Inc.

    (2 )    09-11321    $ —  

Bowater Canadian Forest Products Inc.

      09-11322    $ 45,005

Bowater Maritimes Inc.

    (2 )    09-11324    $ —  

Bowater LaHave Corporation

    (2 )    09-11325    $ —  

Bowater Canadian Limited

    (2 )    09-11326    $ —  

Bowater Nuway Inc.

      09-11328    $ 2

Bowater Nuway Mid-States Inc.

      09-11329    $ 4

Bowater Ventures Inc.

    (2 )    09-11330    $ —  

AbitibiBowater US Holding 1 Corp

    (2 )    09-11331    $ —  

ABH LLC 1

    (2 )    09-14485    $ —  

ABH Holding Company LLC

    (2 )    09-14487    $ —  

Total Disbursements

         $ 200,645
           

Notes:

 

(1) Disbursement amounts in the bank accounts include all payments issued during the period, excluding inter-company cash settlements and transfers between accounts of $ 1.220 billion, and $ 25.0 million in currency exchange. Any disbursements made in Canadian Dollars have been converted to USD at month-end exchange rates.
(2) Indicates Debtor entities that have no disbursements or have disbursements of $500 or less to report during the period.

 

re: Abitibibowater Inc.    Chapter 11
  

 

Case No. 09-11296

Debtor   

 

MOR-3

Schedule of Debtors Bank Account Balances

(Dollars in Thousands)

 

Case #

    Debtor Entity    Bank Name    Bank Account
Ending In:		    Curr $   

Bank Balance @
January 31,

2010

09    11298   

Donohue Corp (DNC)

   

Bank of America

    6296    USD    $ 701
09    11299   

Abitibi Cons Sales Corp (ACSC)

   

Bank of America

    1568    USD    $ 5,455
09    11299   

Abitibi Cons Sales Corp (ACSC)

   

Bank of America

    1576    USD    $ 103
09    11299   

Abitibi Cons Sales Corp (ACSC)

   

Bank of America

    6171    USD    $ —  
09    11299   

Abitibi Cons Sales Corp (ACSC)

   

Bank of America

    2316    USD    $ 0
09    11299   

Abitibi Cons Sales Corp (ACSC)

   

Bank of America

    2696    USD    $ 1,091
09    11301   

Alabama River Newsprint Company

   

Regions

    8852    USD    $ 27
09    11301   

Alabama River Newsprint Company

   

Regions

    8852-I    USD    $ 1,241
09    11301   

Alabama River Newsprint Company

   

Regions

    6609    USD    $ 1
09    11301   

Alabama River Newsprint Company

   

Regions

    2789    USD    $ 0
09    11301   

Alabama River Newsprint Company

   

Regions

    5391    USD    $ —  
09    11302   

Abitibi-Consolidated Corporation

   

Bank of America

    6482    USD    $ 96
09    11302   

Abitibi-Consolidated Corporation

   

Bank of America

    9128    USD    $ 0
09    11302   

Abitibi-Consolidated Corporation

   

Bank of America

    2704    USD    $ —  
09    11302   

Abitibi-Consolidated Corporation

   

Bank of America

    8511    USD    $ 2
09    11302   

Abitibi-Consolidated Corporation

   

Bank of America

    0430    USD    $ 718
09    11302   

Abitibi-Consolidated Corporation

   

Bank of America

    0429    USD    $ 17
09    11302   

Abitibi-Consolidated Corporation

   

Bank of America

    7832    USD    $ 44
09    11302   

Abitibi-Consolidated Corporation

   

Bank of America

    9656    USD    $ 0
09    11302   

Abitibi-Consolidated Corporation

   

Bank of America

    2388    USD    $ 21
09    11303   

Augusta Woodlands LLC

   

Wachovia

    7669    USD    $ —  
09    11303   

Augusta Woodlands LLC

   

Bank of America

    3020    USD    $ 273
09    11305   

Abitibi-Consolidated Finance LP

   

CIBC

    4615    USD    $ 51
09    11306   

Bowater Newsprint South LLC

   

Wachovia

    7229    USD    $ 1
09    11307   

Bowater Newsprint South Ops (BNSO)

   

Regions Bank

    9429    USD    $ 8
09    11309    Bowater Alabama (BALI)   

Coosa Pines Federal Credit Union

    2022    USD    $ 386
09    11311   

Bowater Incorporated (BI)

   

Wachovia

    9066    USD    $ 25,795
09    11311   

Bowater Incorporated (BI)

   

Wachovia

    3394    USD    $ —  
09    11311   

Bowater Incorporated (BI)

   

Wachovia

    7224    USD    $ 2
09    11311   

Bowater Incorporated (BI)

   

Wachovia London

    8026    USD    $ 3
09    11311   

Bowater Incorporated (BI)

   

Wachovia London

    8036    GBP    $ 2,837
09    11311   

Bowater Incorporated (BI)

   

Wachovia London

    8166    EUR    $ 1,756
09    11311   

Bowater Incorporated (BI)

   

Bank of America

    2618    USD    $ 1,031
09    11311   

Bowater Incorporated (BI)

   

Bank of America

    5097    USD    $ —  
09    11311   

Bowater Incorporated (BI)

   

Wells Fargo

    0687    USD    $ 210
09    11311   

Bowater Incorporated (BI)

   

Wells Fargo

    3255    USD    $ —  
09    11311   

Bowater Incorporated (BI)

   

Wells Fargo

    3274    USD    $ —  
09    11311   

Bowater Incorporated (BI)

   

Wells Fargo

    3289    USD    $ —  
09    11311   

Bowater Incorporated (BI)

   

Wells Fargo

    3293    USD    $ —  
09    11311   

Bowater Incorporated (BI)

   

Bank of New York

    3002    USD    $ 390,367
09    11311   

Bowater Incorporated (BI)

   

Bank of New York

    5679    USD    $ —  
09    11311   

Bowater Incorporated (BI)

   

Bank of New York

    5229    USD    $ —  
09    11311   

Bowater Incorporated (BI)

   

Bank of New York

    6153    USD    $ 487
09    11311   

Bowater Incorporated (BI)

   

Regions Bank

    3536    USD    $ 21
09    11311   

Bowater Incorporated (BI)

   

BB&T

    1324    USD    $ 89
09    11311   

Bowater Incorporated (BI)

   

BB&T

    6446    USD    $ 237
09    11311   

Bowater Incorporated (BI)

   

SunTrust

    1261    USD    $ 106
09    11311   

Bowater Incorporated (BI)

   

JPMorgan Chase

    4478    USD    $ 829
09    11311   

Bowater Incorporated (BI)

   

Arrowpoint Fed CU

    2195    USD    $ 66
09    11311   

Bowater Incorporated (BI)

   

Carolina First

    2882    USD    $ 1
09    11311   

Bowater Incorporated (BI)

   

Wachovia

    9438    USD    $ 15,000

re: Abitibibowater Inc.    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-3 (continued)

Schedule of Debtors Bank Account Balances

(Dollars in Thousands)

 

Case #

    Debtor Entity    Bank Name    Bank Account
Ending In:		    Curr $   

Bank Balance @
January 31,

2010

09    11314   

Bowater Finance Company Inc.

   

Wachovia

    7062    USD    $ 3
09    11317   

Lake Superior Forest Products Inc.

   

Bank of America

    1105    USD    $ 47
09    11319   

Bowater Canada Finance Corporation

   

Wachovia

    7892    USD    $ 1
09    11319   

Bowater Canada Finance Corporation

   

Wachovia

    9074    USD    $ 2
09    11319   

Bowater Canada Finance Corporation

   

Wachovia

    7143    USD    $ 1
09    11320   

Bowater Canadian Holdings Incorporated

   

Wachovia

    9382    USD    $ 652
09    11320   

Bowater Canadian Holdings Incorporated

   

Toronto Dominion

    5387    CAD    $ 12
09    11321   

AbitibiBowater Canada Inc.

   

Wachovia

    7711    USD    $ 0
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of Montreal

    0135    USD    $ 4,031
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of Montreal

    2181    CAD    $ 9,630
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of Montreal

    0811    CAD    $ 14
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of Montreal

    5945    CAD    $ —  
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of Montreal

    8611    CAD    $ —  
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of Montreal

    5990    USD    $ 343
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of Montreal

    9511    CAD    $ 1,216
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of Montreal

    7609    CAD    $ 1,111
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of Montreal

    1445    USD    $ 479
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of Montreal

    2392    USD    $ 73
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Toronto Dominion

    4845    USD    $ 125
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Toronto Dominion

    6782    CAD    $ 2,931
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Toronto Dominion

    9460    CAD    $ —  
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Toronto Dominion

    9428    CAD    $ —  
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Toronto Dominion

    9444    CAD    $ —  
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Toronto Dominion

    7762    CAD    $ —  
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Toronto Dominion

    8039    CAD    $ —  
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Toronto Dominion

    3089    CAD    $ 288
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Toronto Dominion

    7746    CAD    $ —  
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Toronto Dominion

    7754    CAD    $ —  
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of America

    0351    USD    $ 598
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of America

    3801    USD    $ —  
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of America

    0364    USD    $ 109
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Banque Nationale du Canada

    0027    CAD    $ 592
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of Nova Scotia

    5412    CAD    $ 3
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Bank of Nova Scotia

    4114    CAD    $ 1,016
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Wachovia

    9531    USD    $ 1
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Wachovia London

    8036    GBP    $ 705
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Lloyds of London

    2394    GBP    $ 349
09    11322   

Bowater Canadian Forest Products (BCFPI)

   

Lloyds of London

    9992    GBP    $ 15
09    11324   

Bowater Maritime Inc (DAL)

   

Bank of Montreal

    5982    USD    $ 66
09    11324   

Bowater Maritime Inc (DAL)

   

Bank of Montreal

    5889    CAD    $ 225
09    11324   

Bowater Maritime Inc (DAL)

   

Bank of Montreal

    8603    CAD    $ —  
09    11325   

Bowater LaHave Corporation

   

Wachovia

    6638    USD    $ 41
09    11326   

Bowater Canadian Limited

   

CIBC

    5917    CAD    $ 20
09    11326   

Bowater Canadian Limited

   

CIBC

    6918    CAD    $ 753
09    11328   

Bowater Nuway Inc (BEN)

   

Wachovia

    6806    USD    $ 1
09    11330   

Bowater Ventures Inc

   

Wachovia

    9612    USD    $ 1
09    11330   

Bowater Ventures Inc

   

Wachovia

    7148    USD    $ 1
09    11331   

AbitibiBowater US Holding 1 Corp

   

Wachovia

    9155    USD    $ 1

In re Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-4

Schedule of Professional Fees and Expenses Paid (1)

For the Period January 1, 2010 to January 31, 2010

 

     Amount Paid    Cumulative

Professional Firm

    This Period    Amount Paid

Paul, Weiss, Rifkind, Wharton & Garrison LLP

    $ —      $ 5,164,723

Young Conaway Stargatt & Taylor, LLP

    $ 48,436    $ 700,527

Deloitte Tax LLP

    $ —      $ 1,034,436

Ernst & Young LLP

    $ 281,909    $ 735,653

Troutman Sanders LLP

    $ 126,517    $ 1,027,633

PricewaterhouseCoopers LLP, U.S.

    $ 595,420    $ 977,910

Huron Consulting LLC

    $ —      $ 1,917,461

Blackstone Advisory Services L.P.

    $ —      $ 2,050,231

Hogan Hartson LLP

    $ —      $ 69,220
             

Totals

    $ 1,052,281    $ 13,677,793
             
Notes:      

(1)    Professional fees include payments to professionals or consultants not in the ordinary course.

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-5

Declaration Regarding the Reconciliation of the Debtors’ Bank Accounts

            As of January 31st, 2010

William G. Harvey hereby declares under penalty of perjury:

 

  1. I am the Executive Vice President and Chief Financial Officer for Abitibibowater Inc, et al., the above-captioned debtors and debtors in possession (collectively, the “Debtors”). I am familiar with the Debtors’ day-to-day operations, business, affairs and books and records.

 

  2. I am authorized to submit this Declaration of behalf of the Debtors.

 

  3. I hereby certify that the bank accounts of the Debtor and all affiliated Debtors are reconciled on a regular and timely basis.

 

Dated: February 26th, 2010   Respectfully submitted,  
 

/s/ William G. Harvey

  
  By:   William G. Harvey  
  Title:  

Executive Vice President & Chief Financial

Officer

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-6

Debtor Consolidating Balance Sheet

As of January 31st, 2010

 

                                                                   
      AbitibiBowater
Inc.		     AbitibiBowater
US Holding
LLC		    

Donohue

Corp.

     Abitibi
Consolidated
Sales Corporation		     Abitibi-
Consolidated
Alabama
Corporation		     Alabama
River
Newsprint
Company		     Abitibi-
Consolidated
Corporation		     Augusta
Woodlands,
LLC		     Tenex
Data Inc.		    Abitibi-
Consolidated
Finance LP		    

Bowater
Newsprint
South

LLC

  
     09-11296      09-11297      09-11298      09-11299      09-11300      09-11301      09-11302      09-11303      09-11304    09-11305      09-11306   
ASSETS                          

Cash and Cash Equivalents

    —        —        701,342      6,754,942      —        1,267,712      9,644,665      273,430      —      51,082      —     

Receivables Net

    —        —        —        123,346      4,524,305      870,194      13,128,083      —        —      —        —     

Inventories

    —        —        —        22,588,152      —        990,111      2,536,400      —        —      —        —     

Prepaid Expense and Other

    —        —        —        85,598      —        88,497      111,423      —        —      —        —     

Note Receivables from Affiliates

    377,858,469      —        510,725,320      277,611,402      —        —        92,000,000      —        —      36,310,682      —     

Income Tax Receivable

    —        —        —        —        —        —        —        —        —      —        —     

Deferred Income Taxes

    —        —        —        —        —        —        —        —        —      —        —     

Total Current Assets

    377,858,469      —        511,426,662      307,163,440      4,524,305      3,216,514      117,420,571      273,430      —      36,361,764      —     
   

Plant and Equipment

    —        —        —        12,893,386      898,483      14,942,658      36,722,898      24,877      —      —        —     

Less Accumulated Depreciation

    —        —        —        (7,802,224 )    (898,483 )    (9,009,370 )    (10,988,460 )    —        —      —        —     

Plant and Equipment - Net

    —        —        —        5,091,162      —        5,933,288      25,734,438      24,877      —      —        —     
   

Goodwill / Intangible Assets

    —        —        —        36,361      —        —        41,400      —        —      —        —     

Investment in Subsidiaries

    3,154,245,777      688,900,001      1,257,832,309      312,196,505      36,002,166      —        31,483,052      —        —      —        —     

Other Assets

    11,956,371      941      —        13,005,927      —        —        31,368,122      —        —      —        —     

Total Assets

    3,544,060,617      688,900,942      1,769,258,971      637,493,395      40,526,471      9,149,802      206,047,583      298,307      —      36,361,764      —     
   
LIABILITIES AND SHAREHOLDERS’ EQUITY                          

Trade Accounts Payable

    —        —        —        2,876,289      (4,257,515 )    (1,680,973 )    4,819,144      (2 )    —      —        —     

Accrued Liabilities

    6,431,639      —        (40,998,493 )    90,713,188      3,991      (3,435,706 )    3,349,735      —        —      —        —     

Current Portion of Long Term Debt

    —        —        —        —        —        —        —        —        —      —        —     

Due to Affiliates

    83,567,056      —        35,711,059      (106,523,834 )    (12,443,078 )    (207,855 )    335,819,585      (4,371,680 )    —      (14,168,894 )    23,500,000   

Income Tax Payable

    (30,588,546 )    (11,987,501 )    9,284,916      12,768,254      (3,999,490 )    —        (29,222,290 )    (17,890 )    —      —        —     

Total Current Liabilities

    59,410,149      (11,987,501 )    3,997,482      (166,103 )    (20,696,092 )    (5,324,534 )    314,766,174      (4,389,572 )    —      (14,168,894 )    23,500,000   
   

Long Term Debt

    —        —        —        —        —        —        —        —        —      —        —     

Reclassification to Current Portion

    —        —        —        —        —        —        —        —        —      —        —     

Long Term Debt Net of Current Installments

    —        —        —        —        —        —        —        —        —      —        —     

Loans from Affiliates

    —        —        —        —        —        —        —        —        —      —        —     

Other Liabilities

    (154,168 )    (1 )    —        (28,984,997 )    (1 )    (4,376,335 )    139,488,554      —        —      (2 )    2,000,000   

Deferred Income Taxes

    (1,670,339 )    (11,797,935 )    (8,927,186 )    (41,114,383 )    26,782,890      —        (202,989,475 )    —        —      —        77,447,000   

Liabilities Subject to Compromise

                          

Debt

    296,279,094      —        —        —        —        —        —        —        —      8,459,437      —     

Debt Affiliate

    725,156,300      787,337,635      —        464,030,710      262,575,505      —        —        —        —      —        —     

Accounts Payable

    —        —        —        6,800,704      —        3,405,382      4,774,683      —        —      —        —     

Other

    3,720,827      —        —        130,006,261      —        29,348,552      5,686,578      —        —      —        —     

Total Liabilities

    1,082,741,863      763,552,198      (4,929,704 )    530,572,192      268,662,302      23,053,065      261,726,514      (4,389,572 )    —      (5,709,459 )    102,947,000   
   

Shareholder Equity - Net

    2,461,318,754      (74,651,256 )    1,774,188,675      106,921,203      (228,135,831 )    (13,903,263 )    (55,678,931 )    4,687,879      —      42,071,223      (102,947,000 ) 
   
                                                                   

Total Liabilities and Shareholders’ Equity

    3,544,060,617      688,900,942      1,769,258,971      637,493,395      40,526,471      9,149,802      206,047,583      298,307      —      36,361,764      —     

NOTE: The information contained herein is provided to fulfill the requirements of the Office of the U. S Trustee. All information is unaudited and subject to further adjustment

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-6 (continued)

Debtor Consolidating Balance Sheet

As of January 31st, 2010

 

      Bowater
Newsprint
South
Operations
LLC		     Bowater
Finance
II LLC		    Bowater
Alabama
LLC		     Coosa
Pines Golf
Club LLC		     Bowater
Incorporated		     Catawba
Property
Holdings
LLC		    Bowater
Finance
Company
Inc.		     Bowater
South
American
Holdings
Inc.		    Bowater
America Inc.		     Lake
Superior
Forest
Products
Inc.		     Bowater
Canada
Finance
Corporation		     Bowater
Canadian
Holdings
Incorporated		  
     09-11307      09-11308    09-11309      09-11310      09-11311      09-11312    09-11314      09-11315    09-11316      09-11317      09-11319      09-11320   
ASSETS                              

Cash and Cash Equivalents

    10,242      —      385,927      —        429,499,929      —      2,714      —      —        47,349      919      663,964   

Receivables Net

    10,961,326      —      7,044,178      —        102,273,554      —      —        —      81,497,952      —        —        —     

Inventories

    10,332,968      —      35,680,451      —        94,157,496      —      —        —      2,683,108      —        —        —     

Prepaid Expense and Other

    2,319,292      —      5,836,981      —        35,581,634      —      —        —      —        —        —        —     

Note Receivables from Affiliates

    —        —      —        —        1,048,055,157      —      30,060,355      —      —        —        —        46,797,509   

Income Tax Receivable

    —        —      —        —        —        —      —        —      —        —        —        —     

Deferred Income Taxes

    —        —      —        —        —        —      —        —      —        —        —        —     

Total Current Assets

    23,623,828      —      48,947,537      —        1,709,567,770      —      30,063,069      —      84,181,060      47,349      919      47,461,473   
   

Plant and Equipment

    376,824,240      —      463,833,161      1,792,022      2,592,805,800      —      —        —      3,403,000      —        —        —     

Less Accumulated Depreciation

    (194,052,694 )    —      (209,127,123 )    (1,537,678 )    (1,922,240,259 )    —      —        —      (3,403,000 )    —        —        —     

Plant and Equipment - Net

    182,771,546      —      254,706,038      254,344      670,565,541      —      —        —      —        —        —        —     
   

Goodwill / Intangible Assets

    —        —      —        —        —        —      —        —      9,100,000      —        —        —     

Investment in Subsidiaries

    —        —      —        —        2,624,211,814      —      (3,010,119 )    —      9,592,497      88,358,461      818,915,994      2,789,458,417   

Other Assets

    —        —      —        —        66,324,026      —      —        —      —        —        1,225,459      —     

Total Assets

    206,395,374      —      303,653,575      254,344      5,070,669,151      —      27,052,950      —      102,873,557      88,405,810      820,142,372      2,836,919,890   
   
LIABILITIES AND SHAREHOLDERS’ EQUITY                              

Trade Accounts Payable

    1,169,704      —      6,038,292      —        30,904,916      —      —        —      2,396,478      —        —        —     

Accrued Liabilities

    3,812,936      —      10,876,819      5,800      73,954,881      —      —        —      4,678,584      (11,980,000 )    —        (425,939 ) 

Current Portion of Long Term Debt

    —        —      —        —        163,894,737      —      —        —      —        —        —        —     

Due to Affiliates

    25,602,270      —      (136,583,513 )    (253,240 )    (775,115,874 )    —      (11,188 )    —      693,507,640      77,246,995      466,603      879,664   

Income Tax Payable

    —        —      —        —        45,397,499      —      —        —      —        —        —        (1 ) 

Total Current Liabilities

    30,584,910      —      (119,668,402 )    (247,440 )    (460,963,841 )    —      (11,188 )    —      700,582,702      65,266,995      466,603      453,724   
   

Long Term Debt

    —        —      —        —        —        —      —        —      —        —        —        —     

Reclassification to Current Portion

    —        —      —        —        —        —      —        —      —        —        —        —     

Long Term Debt Net of Current Installments

    —        —      —        —        —        —      —        —      —        —        —        —     

Loans from Affiliates

    —        —      —        —        —        —      —        —      —        —        —        —     

Other Liabilities

    (1,510 )    —      823,435      —        (35,517,446 )    —      (1 )    —      (2 )    —        (4 )    3   

Deferred Income Taxes

    (5,396,946 )    —      56,995,190      (55,865 )    4,330,121      —      —        —      3,455,063      10,063,421      24,229,536      —     

Liabilities Subject to Compromise

                              

Debt

    4,583,540      —      —        —        1,608,152,037      —      —        —      —        —        657,168,220      —     

Debt Affiliate

    —        —      —        —        507,481,566      —      —        —      —        —        —        106,396,150   

Accounts Payable

    2,423,377      —      12,445,714      —        33,756,905      —      —        —      —        —        —        —     

Other

    9,072,862         63,034,835      6      318,167,826      —      —        —      —        —        —        —     

Total Liabilities

    41,266,233      —      13,630,772      (303,299 )    1,975,407,168      —      (11,189 )    —      704,037,763      75,330,416      681,864,355      106,849,877   
   

Shareholder Equity - Net

    165,129,141      —      290,022,803      557,643      3,095,261,983      —      27,064,139      —      (601,164,206 )    13,075,394      138,278,017      2,730,070,013   
                               

Total Liabilities and Shareholders’ Equity

    206,395,374      —      303,653,575      254,344      5,070,669,151      —      27,052,950      —      102,873,557      88,405,810      820,142,372      2,836,919,890   

NOTE: The information contained herein is provided to fulfill the requirements of the Office of the U. S Trustee. All information is unaudited and subject to further adjustment

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-6 (continued)

Debtor Consolidating Balance Sheet

As of January 31st, 2010

 

     

AbitibiBowater

Canada Inc.

    

Bowater

Canadian

Forest

Products

Inc.

     Bowater
Maritimes
Inc.		     Bowater
LaHave
Corporation		     Bowater
Canadian
Limited		    

Bowater
Nuway

Inc.

    

Bowater
Nuway
Mid-states

Inc.

     Bowater
Ventures
Inc.		    AbitibiBowater
US Holding 1
Corp.		    ABH LLC 1    ABH Holding
Company LLC		    Grand Total  
     09-11321      09-11322      09-11324      09-11325      09-11326      09-11328      09-11328      09-11330    09-11331    09-14485    09-14487       
ASSETS                               

Cash and Cash Equivalents

    1,945      19,993,166      249,432      41,962      722,389      1,265      —        1,379    —      —      —      470,315,755   

Receivables Net

    —        94,328,778      146,030      —        —        —        30      —      —      —      —      314,897,776   

Inventories

    —        105,648,381      215,986      —        —        —        136,252      —      —      —      —      274,969,305   

Prepaid Expense and Other

    —        4,535,142      (3,363 )    —        —        —        87,135      —      —      —      —      48,642,339   

Note Receivables from Affiliates

    —        477,094,021      —        —        —        482,838,923      —        —      —      250,919,443    —      3,379,351,838   

Income Tax Receivable

    —        —        —        —        —        —        —        —      —      —      —      —     

Deferred Income Taxes

    —        —        —        —        —        —        —        —      —      —      —      —     

Total Current Assets

    1,945      701,599,488      608,085      41,962      722,389      482,840,188      223,417      1,379    —      250,919,443    —      4,488,177,013   
   

Plant and Equipment

    —        1,576,022,770      8,587,745      —        —        —        23,246,975      —      —      —      —      5,111,998,015   

Less Accumulated Depreciation

    —        (1,054,065,966 )    (2,587,746 )    —        —        —        (18,442,885 )    —      —      —      —      (3,434,155,888 ) 

Plant and Equipment - Net

    —        521,956,804      5,999,999      —        —        —        4,804,090      —      —      —      —      1,677,842,127   
   

Goodwill / Intangible Assets

    —        46,899,000      —        —        —        —        —        —      —      —      —      56,076,761   

Investment in Subsidiaries

    1,641,734,485      966,877,914      —        79,809,309      7,270,251      5,100,000      —        820,283    —      —      250,919,443    14,509,799,116   

Other Assets

    —        85,713,914      (22,345,194 )    —        —        —        —        —      —      —      —      187,249,566   

Total Assets

    1,641,736,430      2,323,047,120      (15,737,110 )    79,851,271      7,992,640      487,940,188      5,027,507      821,662    —      250,919,443    250,919,443    20,919,144,583   
   
LIABILITIES AND SHAREHOLDERS’ EQUITY                               

Trade Accounts Payable

    —        3,373,451      1,201      —        —        1      146,283      —      —      —      —      45,787,269   

Accrued Liabilities

    5,692      61,433,533      418,929      —        —        15,809      38,523      —      —      —      —      198,899,921   

Current Portion of Long Term Debt

    —        42,105,263      —        —        —        —        —        —      —      —      —      206,000,000   

Due to Affiliates

    5,782,864      (126,348,531 )    51,326,729      —        14,009      (2,257,436 )    73,323,525      128,110    —      —      —      228,590,986   

Income Tax Payable

    1      520,373      148      —        112,782      —        —        —      —      —      —      (7,731,745 ) 

Total Current Liabilities

    5,788,557      (18,915,911 )    51,747,007      —        126,791      (2,241,626 )    73,508,331      128,110    —      —      —      671,546,431   
   

Long Term Debt

    —        —        —        —        —        —        —        —      —      —      —      —     

Reclassification to Current Portion

    —        —        —        —        —        —        —        —      —      —      —      —     

Long Term Debt Net of Current Installments

    —        —        —        —        —        —        —        —      —      —      —      —     

Loans from Affiliates

    —        —        —        —        —        —        —        —      —      —      —      —     

Other Liabilities

    (1 )    100,079,925      (32,643,410 )    —        (1 )    (2 )    100,001      —      —      —      —      140,814,037   

Deferred Income Taxes

    19,560,394      12,273,243      130,440      —        (110,443 )    (794,126 )    8,388,413      —      —      —      —      (29,200,987 ) 

Liabilities Subject to Compromise

                              —     

Debt

    —        400,232,971      —        —        —        —        —        —      —      —      —      2,974,875,299   

Debt Affiliate

    329,334,714      358,372,365      147,754,739      —        —        —        —        —      —      —      —      3,688,439,684   

Accounts Payable

    —        33,596,582      1,267,671      —        —        50,347      81,015      —      —      —      —      98,602,380   

Other

    —        133,946,166      47,279,275      (1 )    —        (3 )    72,823      —      —      —      —      740,336,009   

Total Liabilities

    354,683,664      1,019,585,341      215,535,722      (1 )    16,347      (2,985,410 )    82,150,583      128,110    —      —      —      8,285,412,853   

Shareholder Equity - Net

    1,287,052,766      1,303,461,779      (231,272,832 )    79,851,272      7,976,293      490,925,598      (77,123,076 )    693,552    —      250,919,443    250,919,443    12,633,731,730   
   
                                                                      

Total Liabilities and Shareholders’ Equity

    1,641,736,430      2,323,047,120      (15,737,110 )    79,851,271      7,992,640      487,940,188      5,027,507      821,662    —      250,919,443    250,919,443    20,919,144,583   

NOTE: The information contained herein is provided to fulfill the requirements of the Office of the U. S Trustee. All information is unaudited and subject to further adjustments

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-7

Debtor Consolidating Statement of Operations

For the Period January 1st, 2010 to January 31st, 2010

 

      AbitibiBowater
Inc.		     AbitibiBowater
US Holding
LLC		     Donohue
Corp.		     Abitibi
Consolidated
Sales
Corporation		     Abitibi-
Consolidated
Alabama
Corporation		     Alabama
River
Newsprint
Company		     Abitibi-
Consolidated
Corporation		     Augusta
Woodlands,
LLC		   

Tenex

Data Inc.

    Abitibi-
Consolidated
Finance LP		     Bowater
Newsprint
South LLC
     09-11296      09-11297      09-11298      09-11299      09-11300      09-11301      09-11302      09-11303    09-11304    09-11305      09-11306
Statement of Operations                           

Sales - Net

    —        —        —        105,363,736      —        69      (30,248 )    —      —      —        —  

Cost of Sales

    —        —        —        104,790,914      —        (77,279 )    567,363      —      —      —        —  

Gross Profit (Loss)

    —        —        —        572,822      —        77,348      (597,611 )    —      —      —        —  
Operating Expenses                           

Selling, General and Administrative

    649,833      —        2,500      291,134      1,250      —        —        —      —      —        —  

Research and Development

    —        —        —        —        —        —        —        —      —      —        —  

Restructuring and other Costs

    —        —        —        666,667      —        —        (1,564 )    —      —      —        —  

Total Operating Expenses

 

    649,833

 

   

 

   —  

 

   

 

   2,500

 

   

 

   957,801

 

   

 

   1,250

 

   

 

   —  

 

   

 

   (1,564

 

 ) 

 

   —  

 

    —  

 

    —  

 

   

 

   —  

 

Operating Income (Loss)

    (649,833 )    —        (2,500 )    (384,979 )    (1,250 )    77,348      (596,047 )    —      —      —        —  

Interest Income (Expense)

    —        —        —        35,273      —        204      (6,456 )    —      —      (52,775 )    —  

Other Income (Expense) Net

    229,048      (15 )    —        (1,017,206 )    —        68,222      —        —      —      1,303      —  

Equity in Earnings of Subs

    —        —        —        —        —        —        —        —      —      —        —  

Income Before Taxes

    (420,785 )    (15 )    (2,500 )    (1,366,912 )    (1,250 )    145,774      (602,503 )    —      —      (51,472 )    —  
   

Income Tax Expense

    —        —        —        (26 )    —        —        —        —      —      —        —  
   

Net Income before Discontinued Operations

    (420,785 )    (15 )    (2,500 )    (1,366,938 )    (1,250 )    145,774      (602,503 )    —      —      (51,472 )    —  

Discontinued Operations

    —        —        —        —        —        —        —        —      —      —        —  

Net Income (Loss)

    (420,785 )    (15 )    (2,500 )    (1,366,938 )    (1,250 )    145,774      (602,503 )    —      —      (51,472 )    —  
                                                                

NOTE 1: The information contained herein is provided to fulfill the requirements of the Office of the U. S Trustee. All information is unaudited and subject to further adjustments.

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-7 (continued)

Debtor Consolidating Statement of Operations

For the Period January 1st, 2010 to January 31st, 2010

 

     

Bowater
Newsprint South

Operations LLC

     Bowater
Finance
II LLC		    Bowater
Alabama
LLC		    

Coosa

Pines Golf

Club LLC

     Bowater
Incorporated		     Catawba
Property
Holdings
LLC		    Bowater
Finance
Company
Inc.		    Bowater
South
American
Holdings
Inc.		    Bowater
America
Inc.		     Lake
Superior
Forest
Products
Inc.		     Bowater
Canada
Finance
Corporation		     Bowater
Canadian
Holdings
Incorporated		  
      09-11307     09-11308    09-11309     09-11310     09-11311     09-11312    09-11314    09-11315    09-11316     09-11317     09-11319     09-11320  
Statement of Operations                               

Sales - Net

    9,986,672      —      22,278,535      —        67,643,389      —      —      —      76,913,443      —        —        —     

Cost of Sales

    9,342,457      —      23,123,030      (3,113 )    73,994,501      —      —      —      77,921,542      —        —        —     

Gross Profit (Loss)

    644,215      —      (844,495 )    3,113      (6,351,112 )    —      —      —      (1,008,099 )    —        —        —     

Operating Expenses

                               

Selling, General and Administrative

    6,933      —      111,355      —        3,550,287      —      —      —      12,107      —        —        —     

Research and Development

    —        —      —        —        —        —      —      —      —        —        —        —     

Restructuring and other Costs

    —        —      (1,021,655 )    —        2,706,137

 

   

 

   —      —      —      —        —        —        —     

Total Operating Expenses

 

    6,933

 

   

 

   —  

 

    (910,300

 

 ) 

 

   —  

 

   

 

   6,256,424

 

   

 

   —  

 

    —  

 

    —  

 

    12,107

 

   

 

   —  

 

   

 

   —  

 

   

 

   —  

 

   

 

Operating Income (Loss)

    637,282      —      65,805      3,113      (12,607,536 )    —      —      —      (1,020,206 )    —        —        —     
   

Interest Income (Expense)

    (173 )    —      (177 )    —        (4,936,721 )    —      —      —      —        (18 )    (3,975,173 )    (552,323 ) 

Other Income (Expense) Net

    1,515      —      155,421      —        1,216,240      —      —      —      35,785      —        404,430      147,238   

Equity in Earnings of Subs

    —        —      —        —        —        —      —      —      —        (558,800 )    —        —     

Income Before Taxes

    638,624      —      221,049      3,113      (16,328,017 )    —      —      —      (984,421 )    (558,818 )    (3,570,743 )    (405,085 ) 
   

Income Tax Expense

    —        —      —        —        —        —      —      —      31,667      —        —        —     
   

Net Income before Discontinued Operations

    638,624      —      221,049      3,113      (16,328,017 )    —      —      —      (952,754 )    (558,818 )    (3,570,743 )    (405,085 ) 

Discontinued Operations

    —        —      —        —        —        —      —      —      —        —        —        —     

Net Income (Loss)

    638,624      —      221,049      3,113      (16,328,017 )    —      —      —      (952,754 )    (558,818 )    (3,570,743 )    (405,085 ) 

NOTE 1: The information contained herein is provided to fulfill the requirements of the Office of the U. S Trustee. All information is unaudited and subject to further adjustments.

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-7 (continued)

Debtor Consolidating Statement of Operations

For the Period January 1st, 2010 to January 31st, 2010

 

     

AbitibiBowater

Canada Inc.

    

Bowater
Canadian

Forest
Products
Inc.

    

Bowater
Maritimes

Inc.

    

Bowater

LaHave

Corporation

   

Bowater

Canadian

Limited

    

Bowater

Nuway

Inc.

    

Bowater

Nuway

Mid-states

Inc.

    

Bowater

Ventures

Inc.

    

AbitibiBowater

US Holding 1

Corp.

    ABH LLC 1   

ABH Holding

Company LLC

    Grand Total  
      09-11321     09-11322     09-11324     09-11325     09-11326     09-11328     09-11328     09-11330     09-11331    09-14485    09-14487        
Statement of Operations                              

Sales - Net

    —        33,587,398      —        —        —        4,904      3,407      —        —      —         315,751,305   

Cost of Sales

    —        38,541,797      111,093      —        —        (1,578 )    44,846      —        —      —         328,355,573   

Gross Profit (Loss)

    —        (4,954,399 )    (111,093 )    —        —        6,482      (41,439 )    —        —      —           (12,604,268 ) 

Operating Expenses

                             —     

Selling, General and Administrative

    —        1,079,723      —        —        —        —        —        —        —      —         5,705,122   

Research and Development

    —        —        —        —        —        —        —        —        —      —         —     

Restructuring and other Costs

    —        2,305,929      —        —        —        —        —        —        —      —           4,655,514   

Total Operating Expenses

    —        3,385,652      —        —        —        —        —        —        —      —         10,360,636   
                              —     

Operating Income (Loss)

    —        (8,340,051 )    (111,093 )    —        —        6,482      (41,439 )    —        —      —           (22,964,904 ) 
                              —     

Interest Income (Expense)

    (31 )    (3,419,483 )    (419,604 )    (472 )    (5 )    —        —        (32 )    —      —         (13,327,966 ) 

Other Income (Expense) Net

    413,072      16,086,916      4,394,326      —        —        129      (57 )    —        —      —         22,136,367   

Equity in Earnings of Subs

    —        (7,627 )    —        —        —        —        —        —        —      —         (566,427 ) 

Income Before Taxes

    413,041      4,319,755      3,863,629      (472 )    (5 )    6,611      (41,496 )    (32 )    —      —           (14,722,930 ) 
                              —     

Income Tax Expense

    —        —        —        —        —        —        —        —        —      —         31,641   
                              —     

Net Income before Discontinued Operations

    413,041      4,319,755      3,863,629      (472 )    (5 )    6,611      (41,496 )    (32 )    —      —         (14,691,289 ) 

Discontinued Operations

    —        —        —        —        —        —        —        —        —      —         —     

Net Income (Loss)

    413,041      4,319,755      3,863,629      (472 )    (5 )    6,611      (41,496 )    (32 )    —      —           (14,691,289 ) 
                                                                       

NOTE 1: The information contained herein is provided to fulfill the requirements of the Office of the U. S Trustee. All information is unaudited and subject to further adjustments.

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-8

Declaration Regarding the Status of Post-Petition Taxes of the Debtors

As of January 31st, 2010

Joel P. Ihrig hereby declares under penalty of perjury:

 

  1. I am the Vice President of Taxation for Abitibibowater Inc, et al., the above-captioned debtors and debtors in possession (collectively, the “Debtors”). I am familiar with the Debtors’ day-to-day operations, business, affairs and books and records.

 

  2. I am authorized to submit this Declaration of behalf of the Debtors.

 

  3.

To the best of my knowledge, I certify that the Debtor and all affiliated Debtors have paid all taxes from January 1st, 2010, through January 31st, 2010, the end of this reporting period.

 

Dated:February 26th, 2010   Respectfully submitted,  
 

/s/ Joel P. Ihrig

  
  By: Joel P. Ihrig  
  Title: Vice President Taxation  

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-9

Combined Listing of Post-Petition Aged Accounts Payable

As of January 31st, 2010

(Dollars in Thousands)

 

           Number of Days Outstanding     
      Notes     0-30    31-60    61-90    Over 90    Totals      

Accounts Payable

    (1 )    $ 36,996    $ 5,586    $ 1,831    $ 1,374    $ 45,787   
                                       

Total Post-Petition Payables

      $ 36,996    $ 5,586    $ 1,831    $ 1,374    $ 45,787   
                                       

Notes:

(1) The post-petition accounts payable reported represents open and outstanding trade vendor invoices, based on invoice date, that have been entered into the Debtors’ accounts payable system. These amounts do not include any payables based on accruals for which invoices have not been received nor services performed.

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-10

Combined Listing of Aged Accounts Receivable

As of January 31st, 2010

(Dollars in Thousands)

 

     Number of Days Outstanding  
      Notes     Current     1-30     31-60     61-90     Over 90     Totals  

Accounts Receivable

    (1 )    $ 186,756      $ 29,250      $ 3,705      $ 589      $ 23,649      $ 243,950   

Other Receivables

    (2 )    $ 66,606      $ —        $ —        $ —        $ 14,886      $ 81,492   
                                                  

Totals

    (3 )    $ 253,363      $ 29,250      $ 3,705      $ 589      $ 38,535      $ 325,442   
                                                  
       77.9 %      9.0 %      1.1 %      0.2 %      11.8 %      100.0 % 

Notes:

(1) All amounts have been converted to U.S. Dollars.
(2) Other receivables primarily include:

-A/R Excise/Commodity Taxes - $10.5 million

-A/R Black Liquor Fuel Credit Program - $7.4 million

-A/R Roads/Land Refurb Credit - $15.0 million

-Other A/R miscellaneous items - $51.1 million

(3) The accounts receivable stated above does not include any provisions for bad debt. The allowance for bad debt is approximately $10.5 million.

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR - 11

Summary of Debtors Post-Petition Intercompany Receivables and Payables

(Dollars in Thousands)

 

               December 31, 2009          January 31, 2010          Change  
               Intercompany     Intercompany                Intercompany     Intercompany                Intercompany     Intercompany        
Case #    Debtor Entity         Balances     Notes     Total          Balances     Notes     Total          Balances     Notes     Total  
           

09-11296

   

AbitibiBowater Incorporated

         (75,996 )      (347,298 )      (423,293 )         (83,567 )      (347,298 )      (430,865 )         (7,571 )      —          (7,571 ) 

09-11297

   

AbitibiBowater US Holding LLC

         —          (787,338 )      (787,338 )         —          (787,338 )      (787,338 )         —          —          —     

09-11298

   

Donohue Corp.

         (35,761 )      530,590        494,829           (35,761 )      531,802        496,040           —          1,211        1,211   

09-11299

   

Abitibi Consolidated Sales Corporation

         19,058        (186,419 )      (167,360 )         17,643        (187,600 )      (169,957 )         (1,415 )      (1,181 )      (2,596 ) 

09-11300

   

Abitibi-Consolidated Alabama Corporation

         12,584        (262,576 )      (249,992 )         12,651        (262,606 )      (249,955 )         67        (30 )      37   

09-11301

   

Alabama River Newsprint Company

         —          —          —             —          —          —             —          —          —     

09-11302

   

Abitibi-Consolidated Corporation

         (285,981 )      52,000        (233,981 )         (295,820 )      52,000        (243,820 )         (9,838 )      —          (9,838 ) 

09-11303

   

Augusta Woodlands, LLC

         4,372        40,000        44,372           4,372        40,000        44,372           —          —          —     

09-11304

   

Tenex Data Inc.

         —          —          —             —          —          —             —          —          —     

09-11305

   

Abitibi-Consolidated Finance LP

         14,130        36,414        50,544           14,169        35,729        49,898           39        (685 )      (646 ) 

09-11306

   

Bowater Newsprint South LLC

         (22,300 )      —          (22,300 )         (23,500 )      —          (23,500 )         (1,200 )      —          (1,200 ) 

09-11307

   

Bowater Newsprint South Operations LLC

         (28,179 )      —          (28,179 )         (25,602 )      —          (25,602 )         2,577        —          2,577   

09-11308

   

Bowater Finance II LLC

         —          —          —             —          —          —             —          —          —     

09-11309

   

Bowater Alabama LLC

         135,103        —          135,103           136,330        —          136,330           1,227        —          1,227   

09-11310

   

Coosa Pines Golf Club LLC

         249        —          249           253        —          253           5        —          5   

09-11311

   

Bowater Incorporated

         760,006        540,991        1,300,997           775,116        535,103        1,310,219           15,110        (5,888 )      9,222   

09-11312

   

Catawba Property Holdings LLC

         —          —          —             —          —          —             —          —          —     

09-11314

   

Bowater Finance Company Inc.

         11        30,060        30,072           11        30,060        30,072           —          —          —     

09-11315

   

Bowater South American Holdings Inc.

         —          —          —             —          —          —             —          —          —     

09-11316

   

Bowater America Inc.

         (688,056 )      —          (688,056 )         (693,508 )      —          (693,508 )         (5,452 )      —          (5,452 ) 

09-11317

   

Lake Superior Forest Products Inc.

         (77,201 )      —          (77,201 )         (77,247 )      —          (77,247 )         (46 )      —          (46 ) 

09-11319

   

Bowater Canada Finance Corporation

         (474 )      —          (474 )         (467 )      —          (467 )         8        —          8   

09-11320

   

Bowater Canadian Holdings Incorporated

         (1,027 )      (60,960 )      (61,987 )         (880 )      (61,492 )      (62,371 )         148        (532 )      (384 ) 

09-11321

   

AbitibiBowater Canada Inc.

         (5,875 )      (329,335 )      (335,210 )         (5,783 )      (329,335 )      (335,118 )         93        —          93   

09-11322

   

Bowater Canadian Forest Products Inc.

         148,654        112,270        260,924           140,392        116,002        256,394           (8,262 )      3,732        (4,530 ) 

09-11324

   

Bowater Maritimes Inc.

         (51,474 )      (149,699 )      (201,173 )         (51,327 )      (147,755 )      (199,081 )         147        1,944        2,091   

09-11325

   

Bowater LaHave Corporation

         —          —          —             —          —          —             —          —          —     

09-11326

   

Bowater Canadian Limited

         (14 )      —          (14 )         (14 )      —          (14 )         0        —          0   

09-11328

   

Bowater Nuway Inc.

         2,251        482,839        485,090           2,257        482,839        485,096           7        —          7   

09-11329

   

Bowater Nuway Mid-states Inc.

         (73,309 )      —          (73,309 )         (73,324 )      —          (73,324 )         (15 )      —          (15 ) 

09-11330

   

Bowater Ventures Inc.

         (128 )      —          (128 )         (128 )      —          (128 )         —          —          —     

09-11331

   

AbitibiBowater US Holding 1 Corp.

         —          —          —             —          —          —             —          —          —     

09-14485

   

ABH LLC 1

         —          250,919        250,919           —          250,919        250,919           —          —          —     

09-14487

   

ABH Holding Company LLC

         —          —          —             —          —          —             —          —          —     
           
  

CCAA Filing Companies

         278,162        123,793        401,955           324,088        115,705        439,793           45,927        (8,088 )      37,839   
           
  

Non-Filing Companies

         (28,803 )      (76,254 )      (105,057 )         (60,357 )      (66,737 )      (127,094 )         (31,553 )      9,517        (22,037 ) 
                                    
           
  

Total

       $ 0      $ (0 )    $ 0         $ 0      $ 0      $ 0         $ (0 )    $ 0      $ 0   
                                    
                                                                                    

In re Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-12

Debtors’ Questionnaire

For the Period January 1st, 2010 to January 31st, 2010

 

     Yes        No

1.      Have any assets been sold or transferred outside the normal course of business this period? If yes, provide an explanation below.

    ¨      x

2.      Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.

    ¨      x

3.      Have all post-petition tax returns been timely filed? If no, provide an explanation below.

   x      ¨

4.      Are workers compensation, general liability and other necessary Insurance coverage in effect? If no, provide an explanation below.

    x      ¨

5.      Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.

    ¨      x

In re: Abitibibowater Inc., et al.,    Chapter 11
  

 

Case No. 09-11296

Debtor     

MOR-12a

Supplement to Debtors’ Questionnaire

For Period January 1st, 2010 to January 31st, 2010

Listing of bank accounts opened during the reporting period.

 

Debtor

       

Bank Name

       

Date Opened

    

(none)