EX-99 8 ex9968k.txt EXHIBIT 99.6 Exhibit 99.6 Diamond Brands Kansas, Inc. Balance Sheet As of November 30, 2002 Assets Nov 30, Current Assets: 2002 --------------- -------- Cash $ - Accounts Receivable 750 Inventories - Deferred Tax Asset - Prepaid Expenses - Inter Company Balance (2,725) Total Current Assets (1,975) Property, Plant and Equipment - Less Accumulated Depreciation - Property, Plant and Equipment, net 0 Goodwill, net - Deferred Taxes - Investment in Subsidiaries - Deferred Financing & Other Assets - -------- Total Other Assets 0 Total Assets $ (1,975) ======== Liabilities & Stockholders' Equity (Deficit) Current Liabilities: -------------------- Current Maturities of Long Term Debt $ - Accounts Payable - Reserve for Discontinued Operations - Note 1 - Accrued Taxes - Accrued Interest - Total Current Liabilities 0 Postretirement Benefit Obligations - Deferred Income Taxes - Long Term Debt - Bank - Long Term Debt - Debentures & Notes - -------- Total Liabilities 0 Preferred Stock - Dividend Accretion Subscriptions Receivable - Stockholders' Equity (Deficit) ------------------------------ Common Stock, Preferred Stock & Warrants - Warrants - Additional Paid in Capital 24,696 Dividend Accretion Retained Earnings (Deficit) (26,671) -------- Total Stockholders' Equity (Deficit) (1,975) Total Liabilities and Stockholders' Equity (Deficit) $ (1,975) ========= Note 1 - Charges to the reserve for discontinued operations include litigation expenses related to the Misemer Inventory (as defined in the Global Notes and Statement of Limitations, Methodology and Disclaimer Regarding Debtors' Statements of Financial Affairs with Schedules). Forster, Inc. Balance Sheet As of November 30, 2002 (000's) Assets Nov 30, Current Assets: 2002 --------------- ----------- Cash $ (28) Accounts Receivable 51 Inventories 8,063 Deferred Tax Asset - Prepaid Expenses (118) Inter Company Balance 57,352 ----------- Total Current Assets 65,320 Property, Plant and Equipment 27,527 Less Accumulated Depreciation (15,329) Property, Plant and Equipment, net 12,198 Goodwill, net - Deferred Taxes - Investment in Subsidiaries - Deferred Financing & Other Assets - ----------- Total Other Assets 0 Total Assets $ 77,518 =========== Liabilities & Stockholders' Equity (Deficit) Current Liabilities: -------------------- Current Maturities of Long Term Debt $ - Accounts Payable 719 Accrued Expenses 1,714 Accrued Taxes - Accrued Interest - Total Current Liabilities 2,433 Postretirement Benefit Obligations 827 Deferred Income Taxes - Long Term Debt - Bank - Long Term Debt - Debentures & Notes - ----------- Total Liabilities 3,260 Preferred Stock - Dividend Accretion Subscriptions Receivable - Stockholders' Equity (Deficit) ------------------------------ Common Stock, Preferred Stock & Warrants 8,101 Warrants - Additional Paid in Capital 16,515 Dividend Accretion Retained Earnings (Deficit) 49,642 ----------- Total Stockholders' Equity (Deficit) 74,258 Total Liabilities and Stockholders' Equity (Deficit) $ 77,518 =========== 0 Diamond Brands Incoporated Balance Sheet As of November 30, 2002 (000's) Assets Nov 30, Current Assets: 2002 --------------- --------- Cash $ - Accounts Receivable - Inventories - Deferred Tax Asset - Prepaid Expenses - Inter Company Balance 287 --------- Total Current Assets 287 Property, Plant and Equipment - Less Accumulated Depreciation - Property, Plant and Equipment, net 0 Goodwill, net - Deferred Taxes 44 Investment in Subsidiaries - Deferred Financing & Other Assets 564 --------- Total Other Assets 608 Total Assets $ 895 ========= Liabilities & Stockholders' Equity (Deficit) Current Liabilities: -------------------- Current Maturities of Long Term Debt $ 41,576 Accounts Payable - Accrued Expenses - Accrued Taxes - Accrued Interest - ---------- Total Current Liabilities 41,576 Postretirement Benefit Obligations - Deferred Income Taxes - Long Term Debt - Bank - Long Term Debt - Debentures & Notes - ---------- Total Liabilities 41,576 Preferred Stock 33,234 Dividend Accretion 18,743 Subscriptions Receivable (867) Stockholders' Equity (Deficit) ------------------------------ Common Stock 14 Warrants 10,458 Additional Paid in Capital 1,488 Dividend Accretion (18,743) Retained Earnings (Deficit) (85,008) ---------- Total Stockholders' Equity (Deficit) (91,791) Total Liabilities and Stockholders' Equity (Deficit) $ 895 ========== 0 Diamond Brands Operating Corp. Balance Sheet As of November 30, 2002 (000's) Assets Nov 30, Current Assets: 2002 --------------- ---------- Cash $ 15,993 Accounts Receivable 12,744 Inventories 5,149 Deferred Tax Asset - Prepaid Expenses 1,460 Inter Company Balance (54,914) ---------- Total Current Assets (19,568) Property, Plant and Equipment 18,667 Less Accumulated Depreciation (13,950) Property, Plant and Equipment, net 4,717 Goodwill, net 22,941 Deferred Taxes - Investment in Subsidiaries 42,018 Deferred Financing & Other Assets 3,571 ---------- Total Other Assets 68,530 Total Assets $ 53,679 ========== Liabilities & Stockholders' Equity (Deficit) Current Liabilities: -------------------- Current Maturities of Long Term Debt $184,050 Accounts Payable 1,576 Accrued Expenses 5,805 Accrued Taxes 314 Accrued Interest 6,772 ---------- Total Current Liabilities 198,517 Postretirement Benefit Obligations 636 Deferred Income Taxes 2,447 Long Term Debt - Bank - Long Term Debt - Debentures & Notes - ---------- Total Liabilities 201,600 Preferred Stock - Dividend Accretion Subscriptions Receivable - Stockholders' Equity (Deficit) ------------------------------ Common Stock 1 Warrants - Additional Paid in Capital - Dividend Accretion Retained Earnings (Deficit) (147,922) ---------- Total Stockholders' Equity (Deficit) (147,921) Total Liabilities and Stockholders' Equity (Deficit) $ 53,679 ========== 0