EX-99.FS.3 8 l88100ex99-fs_3.txt NONGC BALANCE SHEETS 1 EXHIBIT FS-3 NORTHEAST OHIO NATURAL GAS CORP. BALANCE SHEET AS OF DECEMBER 31, 2000
ASSETS CURRENT ASSETS Cash and cash equivalents $ 315,100 Receivables: Trade accounts and advances 1,696,930 Intercompany accounts and notes (4,364,387) ----------- (2,667,457) Inventories 97,766 Prepaid expenses and other (162,743) ------------ TOTAL CURRENT ASSETS (2,417,334) PROPERTY, PLANT AND EQUIPMENT Regulated utility and other assets 12,534,976 Less accumulated depreciation (3,562,625) ----------- 8,972,351 Construction work in progress 11,624,758 ------------ Total regulated utility and other assets 20,597,109 OTHER ASSETS Deposits and others 1,251 Deferred charges 193,735 ------------ TOTAL OTHER ASSETS 194,986 TOTAL ASSETS $ 18,374,761 ============ LIABILITIES & SHAREHOLDER'S EQUITY CURRENT LIABILITIES Accounts payable and advances $ 400,905 Accrued interest & expenses 29,760 Accrued taxes 145,808 Current maturities of long-term debt -- ------------ TOTAL CURRENT LIABILITIES 576,473 LONG TERM NOTES PAYABLE 13,534,044 OTHER LIABILITIES Deferred income taxes (247,934) SHAREHOLDERS' EQUITY Common stock 591,500 Additional paid-in-capital 3,350,264 Earnings retained in the business 457,430 Net income (loss) year-to-date 112,985 ------------ 4,512,178 TOTAL LIABILITIES & EQUITY $ 18,374,761 ============
2 EXHIBIT FS-3, PAGE 2 NORTHEAST OHIO NATURAL GAS CORP. BALANCE SHEET AS OF JUNE 30, 2001
ASSETS CURRENT ASSETS Cash and cash equivalents $ 32,654 Receivables: Trade accounts and advances 747,152 I/C FirstEnergy Trading Services -- OIGTC 1,000 MARBEL (578,303) ----------- 169,849 Inventories 92,528 Prepaid expenses and other 759,635 Deferred income Taxes -- ------------ TOTAL CURRENT ASSETS 1,054,665 PROPERTY, PLANT AND EQUIPMENT Regulated utility and other assets 12,772,466 Less accumulated depreciation (3,831,253) ----------- 8,941,212 Construction work in progress 15,161,441 ------------ Total regulated utility and other assets 24,102,653 OTHER ASSETS Deferred charges 162,334 ------------ TOTAL OTHER ASSETS 162,334 ------------ TOTAL ASSETS $ 25,319,652 ============ LIABILITIES & SHAREHOLDER'S EQUITY CURRENT LIABILITIES Accounts payable and advances $ 211,744 Accrued expenses 13,179 Accrued taxes 306,873 Current maturities of long-term debt: BOBCAT LOAN 4,857 TRENCHER LOAN 19,759 ------------ TOTAL CURRENT LIABILITIES 556,412 LONG TERM NOTES PAYABLE FirstEnergy 4,522,988 MARBEL 16,050,000 ------------ 20,572,988 OTHER LIABILITIES Deferred income taxes (217,514) Other expenses -- ------------ (217,514) SHAREHOLDER'S EQUITY Common stock 591,500 Additional paid-in-capital 3,350,264 Earnings retained in the business 1/1/00 570,414 Net income (loss) year-to-date (104,413) ------------ 466,001 Treasury stock, 4.4 shares at cost -- ------------ 4,407,765 ------------ Total liabilities and equity $ 25,319,652 ============
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