EX-99 4 nuhc_ex1-2.txt EXHIBIT 1-2 Exhibit 1-2 FIRSTENERGY FACILITIES SERVICES GROUP, LLC Consolidated Balance Sheet (Unaudited) March 31, 2004 ------------------------------------------ (In Thousands) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 10,916 Receivables: Associated companies 463 Other 85,899 Material and supplies 7,460 Prepayments and other 948 -------- 105,686 -------- INVESTMENTS: Nonutility property, net 24,596 Other 1,081 -------- 25,677 -------- DEFERRED CHARGES: Goodwill 36,471 Accumulated deferred income tax benefits 32,382 Other 5 -------- 68,858 -------- TOTAL ASSETS $ 200,221 ======== LIABILITIES & STOCKHOLDER'S EQUITY CURRENT LIABILITIES: Currently payable long-term debt $ 436 Short-term borrowings - Notes payable to associated companies 10,934 Notes payable other 2,632 Accounts payable Other 35,370 Associated companies 104 x Accrued taxes 2,227 Other 15,674 -------- 67,377 -------- CAPITALIZATION: Common stockholder's equity 125,673 Long-term debt 7,171 -------- 132,844 -------- TOTAL LIABILITIES & CAPITALIZATION $ 200,221 ======== Exhibit 1-2 FIRSTENERGY FACILITIES SERVICES GROUP, LLC Consolidated Statement of Operations (Unaudited) ------------------------------------------------ (In Thousands) Three Months Ended March 31, 2004 -------------- Revenues $ 84,972 Cost of revenues 76,547 ------- Gross margin 8,425 Selling, general and administrative expenses 10,340 Depreciation 1,187 ------- (3,102) Goodwill impairment - Purchase agreement incentive plans 33 ------- Operating loss (3,135) Interest income 95 Interest expense (190) Gain on sale of fixed assets 22 Other income/(expense), net 1,411 ------- Total other income 1,338 ------- Loss before income taxes (1,797) Income tax benefit (726) ------- Net loss $ (1,071) =======