-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HfhmVrpgJYLR1JD7YQ4uQ7zUFZSIwXNHkLEhwqOBEwEDAHJHgExKL3gPp30fiAcB LbMRMmcIBulwKkmxsJk8vA== 0001193125-10-206785.txt : 20100908 0001193125-10-206785.hdr.sgml : 20100908 20100908171635 ACCESSION NUMBER: 0001193125-10-206785 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100901 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100908 DATE AS OF CHANGE: 20100908 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AbitibiBowater Inc. CENTRAL INDEX KEY: 0001393066 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 980526415 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33776 FILM NUMBER: 101062855 BUSINESS ADDRESS: STREET 1: 1155 METCALF STREET, SUITE 800 CITY: MONTREAL STATE: A8 ZIP: H3B 5H2 BUSINESS PHONE: 514-875-2160 MAIL ADDRESS: STREET 1: 1155 METCALF STREET, SUITE 800 CITY: MONTREAL STATE: A8 ZIP: H3B 5H2 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 1, 2010

ABITIBIBOWATER INC.

(Exact name of Registrant as Specified in Charter)

 

Delaware   001-33776   98-0526415

(State or other Jurisdiction of

Incorporation or Organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

 

AbitibiBowater Inc.

1155 Metcalfe Street, Suite 800

Montréal, Québec, Canada

  H3B 5H2
(Address of principal executive offices)   (Zip Code)

(514) 875-2160

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


ITEM 8.01. OTHER EVENTS.

AbitibiBowater Inc. (the “Company”) announced on September 2, 2010 that the search committee appointed pursuant to the plans of reorganization relating to the creditor protection proceedings had selected members for the restructured Company’s board of directors, effective upon creditor and court approval of the plans of reorganization and the Company’s and its affiliates’ emergence from the creditor protection proceedings. We refer to the Debtors’ Second Amended Joint Plan of Reorganization under Chapter 11 of the Bankruptcy Code and the CCAA Plan of Reorganization and Compromise together as the “plans of reorganization” and the Company’s and its affiliates’ creditor protection proceedings under chapter 11 of the U.S. Bankruptcy Code and the Companies’ Creditors Arrangement Act (Canada), as applicable, as the “creditor protection proceedings.”

The selectees include Richard B. Evans, the board’s current chairman, David J. Paterson, president, chief executive officer and director, and current directors Richard Garneau and Paul Rivett. The other selectees are: Pierre Dupuis, Richard Falconer, Jeffrey Hearn, Sarah Nash, Alain Rheaume, Michael Rousseau and David Wilkins. Mr. Evans would continue in his capacity of non-executive chairman. The terms of office of the Company’s current directors will expire before the Company’s emergence from the creditor protection proceedings.

Monthly Operating Report

On September 1, 2010, AbitibiBowater Inc. (the “Company”) and certain of its U.S. subsidiaries (collectively, the “U.S. Debtors”) filed the Monthly Operating Report for the period from July 1, 2010 to July 31, 2010 (the “MOR”) with the U.S. Bankruptcy Court (In re: AbitibiBowater Inc., et al., Chapter 11, Case No. 09-11296) (the “U.S. Bankruptcy Court”). A copy of the MOR is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

The MOR is limited in scope, covers a limited time period, and has been prepared solely for the purpose of the U.S. Debtors’ compliance with the monthly reporting requirements of the U.S. Bankruptcy Court. The financial information in the MOR has not been audited, reviewed or otherwise verified for accuracy or completeness by independent accountants. The financial statements in the MOR 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, and the information contained in the MOR is not intended to reconcile to the consolidated financial statements of the Company in its Annual Report on Form 10-K for the fiscal year ended December 31, 2009 filed with the Securities and Exchange Commission on March 31, 2010, as amended, nor any consolidated financial statements in subsequently filed Quarterly Reports on Form 10-Q. 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 interim period. Readers are cautioned not to place undue reliance on the MOR. The MOR is in a format required by the U.S. Bankruptcy Court and should not be used for investment purposes.

 

2


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

 

Exhibit
No.

  

Description

99.1    Monthly Operating Report for the Period July 1, 2010 to July 31, 2010, dated August 31, 2010

 

3


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

        ABITIBIBOWATER INC.
Date: September 8, 2010     By:   /S/    JACQUES P. VACHON      
    Name:   Jacques P. Vachon
    Title:   Senior Vice President, Corporate Affairs and Chief Legal Officer

 

4


INDEX OF EXHIBITS

 

Exhibit
No.

  

Description

99.1    Monthly Operating Report for the Period July 1, 2010 to July 31, 2010, dated August 31, 2010

 

5

EX-99.1 2 dex991.htm MONTHLY OPERATING REPORT FOR THE PERIOD JULY 1-31, 2010, DATED AUGUST 31, 2010 Monthly Operating Report for the Period July 1-31, 2010, dated August 31, 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 July 1st, 2010 to July 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

    August  31st, 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 July 31st, 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 1O-K for the Year ended December 31, 2009 (“2009 Form 1O-K”) filed with the Securities and Exchange Commission (“SEC”) on March 31st, 2010, 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 2009 Form 10-K filed with the SEC on March 31st, 2010 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, provided 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). On July 21st, 2010, the Company repaid $166,000,000 of the DIP financing. In addition, the Company has also recently received approval for an extension of the remaining DIP facility’s maturity date from October 21, 2010 to December 31, 2010, as well as improved pricing terms.

 

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 July 1st, 2010 through July 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 2009 Form 10-K filed with the SEC on March 31st, 2010.

 

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 July 31st, 2010, the components of Liabilities Subject to Compromise consisted of:

 

Unsecured Debt

   $ 3,034,906,191

Accounts Payable

     100,643,205

OPEB & Pension

     818,428,014

Liabilities Subject to Compromise

   $ 3,953,977,410

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 July 1st, 2010 through July 31st, 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

   $ 509,166      $ —        $ —      $ 701      $ 7,479      $ —        $ 4,120      $ 2,010      $ 273    $ —      $ 51   

Total Cash Receipts

   $ 1,156,421      $ —        $ —      $ —        $ 190,339      $ —        $ 34      $ 14,066      $ —      $ —      $ —     

Total Cash Disbursements

   $ (1,307,953   $ —        $ —      $ —        $ (188,689   $ —        $ (2,239   $ (14,341   $ —      $ —      $ (0
        

Ending Cash Balance

   $ 357,634      $ —        $ —      $ 701      $ 9,129      $ —        $ 1,915      $ 1,735      $ 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      $ 188      $ —      $ 2,297      $ —        $ 479,268      $ —        $ 3      $ —      $ —      $ 145   

Total Cash Receipts

   $ —        $ 8      $ —      $ 1,260      $ —        $ 728,180      $ —        $ —        $ —      $ —      $ 50   

Total Cash Disbursements

   $ —        $ (180   $ —      $ (2,205   $ —        $ (887,657   $ —        $ —        $ —      $ —      $ (140
        

Ending Cash Balance

   $ 1      $ 17      $ —      $ 1,352      $ —        $ 319,790      $ —        $ 3      $ —      $ —      $ 55   
        


 

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 July 1, 2010 through July 31, 2010

(Dollars in Thousands)

 

     Bowater
Canada
Finance
Corporation
09-11319
    Bowater
Canadian
Holdings
Incorporated
09-11320
  

Abitibi

Bowater
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
   

Abitibi

Bowater 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

   $ 5      $ 903    $ 2      $ 10,729      $ 177      $ 39    $ 773      $ 0      $ —      $ 2      $ 1      $ —      $ —  

Total Cash Receipts

   $ —        $ 0    $ —        $ 222,026      $ 459      $ —      $ —        $ —        $ —      $ —        $ —        $ —      $ —  

Total Cash Disbursements

   $ (0   $ —      $ (0   $ (212,059   $ (442   $ —      $ (0   $ (0   $ —      $ (0   $ (0   $ —      $ —  
      

Ending Cash Balance

   $ 4      $ 904    $ 2      $ 20,696      $ 193      $ 39    $ 773      $ 0      $ —      $ 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 disb. 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.D. Accounts normally 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 July 1, 2010 through July 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

  $ 373,621   $ —     $ —     $ —     $ 104,482   $ —     $ 34   $ 8,354   $ —     $ —     $ —     $ —  

Disbursements:

                       

Payroll & Payroll Taxes

  $ 34,968   $ —     $ —     $ —     $ —     $ —     $ 47   $ 1,127   $ —     $ —     $ —     $ —  

Non-Payroll Labor

  $ 10,111   $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —  

Raw Materials

  $ 55,296   $ —     $ —     $ —     $ 3,360   $ —     $ —     $ 7,773   $ —     $ —     $ —     $ —  

Utilities (6)

  $ 19,409   $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —  

Freight

  $ 15,837   $ —     $ —     $ —     $ 1,248   $ —     $ —     $ —     $ —     $ —     $ —     $ —  

SG&A

  $ 12,212   $ —     $ —     $ —     $ 337   $ —     $ —     $ —     $ —     $ —     $ —     $ —  

Supplies

  $ 15,750   $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —  

Rent

  $ 53   $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —  

Customer Rebates

  $ 2,720   $ —     $ —     $ —     $ 49   $ —     $ —     $ —     $ —     $ —     $ —     $ —  

Interest

  $ 9,838   $ —     $ —     $ —     $ 3,643   $ —     $ —     $ —     $ —     $ —     $ —     $ —  

Security Deposits

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

Taxes

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

Other

  $ 6,412   $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —  
     

Total Cash Disbursements

  $ 182,606   $ —     $ —     $ —     $ 8,637   $ —     $ 47   $ 8,899   $ —     $ —     $ —     $ —  

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 $ 1,731 million of intercompany cash settlements, and $44.5 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 July 1, 2010 through July 31, 2010

(Dollars in Thousands)

 

     Bowater
Newsprint
South
Operations
LLC
   Bowater
Finance
II, LLC
   Bowater
Alabama
LLC (6)
   Coosa
Pines
Golf
Club,
LLC
   Bowater
Incorporated
   Catawba
Property
Holdings
LLC
   Bowater
Finance
Company
Inc.
   Bowater
South
American
Holdings,
Inc.
   Bowater
America
Inc.
(BAI)
   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

Total Cash Receipts

   $ 8    $ —      $ 1,260    $ —      $ 235,687    $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Disbursements:

                                   

Payroll & Payroll Taxes

   $ 1,174    $ —      $ 2,955    $ —      $ 17,849    $ —      $ —      $ —      $ 1,009    $ —      $ —      $ —  

Non-Payroll Labor

   $ —      $ —      $ 4,294    $ —      $ 3,026    $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Raw Materials

   $ 715    $ —      $ 5,540    $ —      $ 20,499    $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Utilities (6)

   $ —      $ —      $ 2,712    $ —      $ 15,844    $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Freight

   $ —      $ —      $ 1,299    $ —      $ 5,981    $ —      $ —      $ —      $ 49    $ —      $ —      $ —  

SG&A

   $ —      $ —      $ 684    $ —      $ 9,242    $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Supplies

   $ —      $ —      $ 3,400    $ —      $ 8,879    $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Rent

   $ —      $ —      $ 44    $ —      $ 1    $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Customer Rebates

   $ —      $ —      $ —      $ —      $ 852    $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Interest

   $ —      $ —      $ —      $ —      $ 4,676    $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Security Deposits

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

Taxes

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

Other

   $ —      $ —      $ 38    $ —      $ 1,491    $ —      $ —      $ —      $ —      $ —      $ —      $ —  
      

Total Cash Disbursements

   $ 1,889    $ —      $ 20,965    $ —      $ 88,340    $ —      $ —      $ —      $ 1,058    $ —      $ —      $ —  

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 $ 1,731 million of intercompany cash settlements, and $44.5 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 July 1, 2010 through July 31, 2010

(Dollars in Thousands)

 

     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
     09-11321    09-11322    09-11324    09-11325    09-11326    09-11328    09-11329    09-11330    09-11331    09-14485    09-14487

Total Cash Receipts

   $ —      $ 23,726    $ 70    $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Disbursements:

                                

Payroll & Payroll Taxes

   $ —      $ 10,804    $ —      $ —      $ —      $ —      $ 3    $ —      $ —      $ —      $ —  

Non-Payroll Labor

   $ —      $ 2,790    $ —      $ —      $ —      $ —      $ 1    $ —      $ —      $ —      $ —  

Raw Materials

   $ —      $ 17,410    $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Utilities (6)

   $ —      $ 828    $ —      $ —      $ —      $ —      $ 25    $ —      $ —      $ —      $ —  

Freight

   $ —      $ 7,259    $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —  

SG&A

   $ —      $ 1,948    $ 1    $ —      $ —      $ —      $ 1    $ —      $ —      $ —      $ —  

Supplies

   $ —      $ 3,460    $ —      $ —      $ —      $ —      $ 12    $ —      $ —      $ —      $ —  

Rent

   $ —      $ 8    $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Customer Rebates

   $ —      $ 1,819    $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Interest

   $ —      $ 1,519    $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —  

Security Deposits

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

Taxes

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

Other

   $ —      $ 4,883    $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —      $ —  
      

Total Cash Disbursements

   $ —      $ 52,729    $ 1    $ —      $ —      $ —      $ 42    $ —      $ —      $ —      $ —  

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 $ 1,731 million of intercompany cash settlements, and $44.5 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

July 1, 2010 to
July 31, 2010 (1)

AbitibiBowater Inc.

   (2   09-11296    $ —  

AbitibiBowater US Holding LLC

   (2   09-11297    $ —  

Donohue Corp.

   (2   09-11298    $ —  

Abitibi Consolidated Sales Corporation (ACSC)

     09-11299    $ 8,637

Abitibi-Consolidated Alabama Corporation

   (2   09-11300    $ —  

Alabama River Newsprint Company (ARNC)

     09-11301    $ 47

Abitibi-Consolidated Corporation

     09-11302    $ 8,899

Augusta Woodlands, LLC

   (2   09-11303    $ —  

Tenex Data Inc.

   (2   09-11304    $ —  

Abitibi-Consolidated Finance LP

   (2   09-11305    $ —  

Bowater Newsprint South LLC

   (2   09-11306    $ —  

Bowater Newsprint South Operations LLC

     09-11307    $ 1,889

Bowater Finance II, LLC

   (2   09-11308    $ —  

Bowater Alabama LLC

     09-11309    $ 20,965

Coosa Pines Golf Club, LLC

   (2   09-11310    $ —  

Bowater Incorporated

     09-11311    $ 88,340

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    $ 1,058

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. (3)

     09-11322    $ 52,729

Bowater Maritimes Inc. (3)

     09-11324    $ 1

Bowater LaHave Corporation

   (2   09-11325    $ —  

Bowater Canadian Limited

   (2   09-11326    $ —  

Bowater Nuway Inc.

   (2   09-11328    $ —  

Bowater Nuway Mid-States Inc.

     09-11329    $ 42

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

        $ 182,606
           

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 $ 1,731 million, and $ 44.5 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 disb. 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

(Currency in Thousands)

 

      Case #    Debtor Entity    Bank Name    Bank Account
Ending In:
   Curr    Bank Balance @
July 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    $ 7,764

09

   11299    Abitibi Cons Sales Corp (ACSC)    Bank of America    1576    USD    $ —  

09

   11299    Abitibi Cons Sales Corp (ACSC)    Bank of America    6171    USD    $ 2

09

   11299    Abitibi Cons Sales Corp (ACSC)    Bank of America    2316    USD    $ 84

09

   11299    Abitibi Cons Sales Corp (ACSC)    Bank of America    2696    USD    $ 1,280

09

   11301    Alabama River Newsprint Company    Regions    8852    USD    $ 184

09

   11301    Alabama River Newsprint Company    Regions    8852-I    USD    $ 1,731

09

   11301    Alabama River Newsprint Company    Regions    6609    USD    $ —  

09

   11301    Alabama River Newsprint Company    Regions    2789    USD    $ —  

09

   11301    Alabama River Newsprint Company    Regions    5391    USD    $ —  

09

   11302    Abitibi-Consolidated Corporation    Bank of America    6482    USD    $ 342

09

   11302    Abitibi-Consolidated Corporation    Bank of America    9128    USD    $ 48

09

   11302    Abitibi-Consolidated Corporation    Bank of America    2704    USD    $ —  

09

   11302    Abitibi-Consolidated Corporation    Bank of America    8511    USD    $ 137

09

   11302    Abitibi-Consolidated Corporation    Bank of America    0430    USD    $ 1,164

09

   11302    Abitibi-Consolidated Corporation    Bank of America    0429    USD    $ 23

09

   11302    Abitibi-Consolidated Corporation    Bank of America    7832    USD    $ —  

09

   11302    Abitibi-Consolidated Corporation    Bank of America    9656    USD    $ —  

09

   11302    Abitibi-Consolidated Corporation    Bank of America    2388    USD    $ 22

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    $ 17

09

   11309    Bowater Alabama (BALI)    Coosa Pines Federal Credit Union    2022    USD    $ 1,352

09

   11311    Bowater Incorporated (BI)    Wachovia    9066    USD    $ 34,433

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    $ 1

09

   11311    Bowater Incorporated (BI)    Wachovia London    8036    GBP    $ 1,770

09

   11311    Bowater Incorporated (BI)    Wachovia London    8166    EUR    $ 1,793

09

   11311    Bowater Incorporated (BI)    Bank of America    2618    USD    $ 2,371

09

   11311    Bowater Incorporated (BI)    Bank of America    5097    USD    $ —  

09

   11311    Bowater Incorporated (BI)    Wells Fargo    0687    USD    $ 307

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    $ 259,563

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    $ 907

09

   11311    Bowater Incorporated (BI)    Regions Bank    3536    USD    $ 6

09

   11311    Bowater Incorporated (BI)    BB&T    1324    USD    $ 248

09

   11311    Bowater Incorporated (BI)    BB&T    6446    USD    $ 593

09

   11311    Bowater Incorporated (BI)    SunTrust    1261    USD    $ 60

09

   11311    Bowater Incorporated (BI)    JPMorgan Chase    4478    USD    $ 1,182

09

   11311    Bowater Incorporated (BI)    Arrowpoint Fed CU    2195    USD    $ 0

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

(Currency in Thousands)

 

      Case #    Debtor Entity    Bank Name    Bank Account
Ending In:
   Curr    Bank Balance @
July 31, 2010
 

09

   11314    Bowater Finance Company Inc.    Wachovia    7062    USD    $ 3   

09

   11317    Lake Superior Forest Products Inc.    Bank of America    1105    USD    $ 55   

09

   11319    Bowater Canada Finance Corporation    Wachovia    7892    USD    $ 2   

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    $ 892   

09

   11320    Bowater Canadian Holdings Incorporated    Toronto Dominion    5387    CAD    $ 12   

09

   11321    AbitibiBowater Canada Inc.    Wachovia    7711    USD    $ 2   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Bank of Montreal    0135    USD    $ 6,713   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Bank of Montreal    2181    CAD    $ 3,389   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Bank of Montreal    0811    CAD    $ 15   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Bank of Montreal    5945    CAD    $ (425

09

   11322    Bowater Canadian Forest Products (BCFPI)    Bank of Montreal    8611    CAD    $ —     

09

   11322    Bowater Canadian Forest Products (BCFPI)    Bank of Montreal    5990    USD    $ 100   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Bank of Montreal    9511    CAD    $ 416   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Bank of Montreal    7609    CAD    $ 1,555   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Bank of Montreal    1445    USD    $ 208   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Bank of Montreal    2392    USD    $ 94   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Toronto Dominion    4845    USD    $ 971   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Toronto Dominion    6782    CAD    $ 2,393   

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    $ 613   

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    $ 474   

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    $ 585   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Bank of America    3801    USD    $ —     

09

   11322    Bowater Canadian Forest Products (BCFPI)    Bank of America    0364    USD    $ 64   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Banque Nationale du Canada    0027    CAD    $ 284   

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    $ 514   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Wachovia    9531    USD    $ 2   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Wachovia London    8036    GBP    $ 1,530   

09

   11322    Bowater Canadian Forest Products (BCFPI)    Lloyds of London    2394    GBP    $ 365   

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    $ 131   

09

   11324    Bowater Maritime Inc (DAL)    Bank of Montreal    8603    CAD    $ —     

09

   11325    Bowater LaHave Corporation    Wachovia    6638    USD    $ 39   

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    $ 0   

09

   11330    Bowater Ventures Inc    Wachovia    9612    USD    $ 0   

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 July 1, 2010 to July 31, 2010

 

Professional Firm

   Amount Paid
This Period
   Cumulative
Amount Paid

Paul, Weiss, Rifkind, Wharton & Garrison LLP

   $ 538,136    $ 8,592,698

Young Conaway Stargatt & Taylor, LLP

   $ 82,289    $ 1,158,697

Deloitte Tax LLP

   $ —      $ 2,059,650

Ernst & Young LLP

   $ —      $ 780,107

Troutman Sanders LLP

   $ 216,567    $ 1,521,818

PricewaterhouseCoopers LLP, U.S.

   $ 76,086    $ 1,358,340

Huron Consulting LLC

   $ 506,261    $ 5,144,993

Blackstone Advisory Services L.P.

   $ 231,442    $ 4,781,473

Hogan Hartson LLP

   $ —      $ 69,220
      $ —  
             

Totals

   $ 1,650,781    $ 25,466,996
             
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 July 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: August 31st, 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 July 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      1,473,434      —        128,129      (967,195   273,430      —     51,035      —     

Receivables Net

  —        —        —        16,450,441      4,524,305      483,588      9,636,146      —        —     —        —     

Inventories

  —        —        —        27,420,226      —        917,594      2,632,331      —        —     —        —     

Prepaid Expense and Other

  —        —        —        1,447,052      —        45,969      946,865      —        —     —        —     

Note Receivables from Affiliates

  377,858,469      —        518,103,921      262,576,119      —        —        92,000,000      —        —     36,310,682      —     

Income Tax Receivable

  —        —        —        —        —        —        —        —        —     —        —     

Deferred Income Taxes

  —        —        —        —        —        —        —        —        —     —        —     

Total Current Assets

  377,858,469      —        518,805,263      309,367,272      4,524,305      1,575,280      104,248,147      273,430      —     36,361,717      —     

Plant and Equipment

  —        —        —        8,893,386      898,483      14,033,077      63,521,869      24,877      —     —        —     

Less Accumulated Depreciation

  —        —        —        (8,110,742   (898,483   (8,884,042   (11,799,771   —        —     —        —     

Plant and Equipment - Net

  —        —        —        782,644      —        5,149,035      51,722,098      24,877      —     —        —     

Goodwill / Intangible Assets

  —        —        —        326,414      —        —        27,231      —        —     —        —     

Investment in Subsidiaries

  3,155,694,086      688,900,001      1,257,832,309      463,382,753      36,002,166      —        31,483,052      —        —     —        —     

Other Assets

  11,903,520      978      —        14,652,893      —        —        13,157,120      —        —     —        —     

Total Assets

  3,545,456,075      688,900,979      1,776,637,572      788,511,976      40,526,471      6,724,315      200,637,648      298,307      —     36,361,717      —     
   

LIABILITIES AND SHAREHOLDERS’ EQUITY

                       

Trade Accounts Payable

  —        —        —        3,123,597      (4,259,627   (1,684,793   4,742,652      (2   —     —        —     

Accrued Liabilities

  7,987,973      —        (40,995,553   98,940,157      (3,519   (3,171,482   1,662,326      —        —     —        —     

Current Portion of Long Term Debt

  —        —        —        —        —        —        —        —        —     —        —     

Due to Affiliates

  103,203,679      —        35,723,119      (61,483,767   (12,421,585   (167,374   344,021,643      (4,371,680   —     (14,269,593   24,800,000   

Income Tax Payable

  (30,588,546   (11,987,501   9,284,916      (2,354,243   (3,999,490   —        (5,535,918   (17,890   —     —        —     

Total Current Liabilities

  80,603,106      (11,987,501 )    4,012,482      38,225,744      (20,684,221 )    (5,023,649 )    344,890,703      (4,389,572 )    —  
  (14,269,593 )    24,800,000   
   

Long Term Debt

  —        —        —        —        —        —        —        —        —     —        —     

Reclassification to Current Portion

  —        —        —        —        —        —        —        —        —     —        —     

Long Term Debt Net of Current Installments

  —        —        —        —        —        —        —        —        —     —        —     

Loans from Affiliates

  —        —        —        —        —        —        —        —        —     —        —     

Other Liabilities

  (1   (1   —        (6,846,947   (1   (2,429,501   126,304,276      —        —     —        2,000,000   

Deferred Income Taxes

  (1,670,339   (11,797,935   (135,769,440   (44,023,169   26,782,890      —        (202,989,475   —        —     —        77,447,000   

Liabilities Subject to Compromise

                       

Debt

  296,279,094      —        —        —        —        —        —        —        —     8,834,329      —     

Debt Affiliate

  725,156,300      787,337,635      —        471,409,311      262,575,505      —        —        —        —     —        —     

Accounts Payable

  —        —        —        6,796,818      —        3,353,117      4,807,266      —        —     —        —     

Other

  3,720,827      —        —        156,416,037      —        23,223,143      9,489,274      —        —     —        —     

Total Liabilities

  1,104,088,987      763,552,198      (131,756,958   621,977,794      268,674,173      19,123,110      282,502,044      (4,389,572   —     (5,435,264   104,247,000   
   

Shareholder Equity - Net

  2,441,367,088      (74,651,219   1,908,394,530      166,534,182      (228,147,702   (12,398,795   (81,864,396   4,687,879      —     41,796,981      (104,247,000

Total Liabilities and Shareholders’ Equity

  3,545,456,075      688,900,979      1,776,637,572      788,511,976      40,526,471      6,724,315      200,637,648      298,307      —     36,361,717      —     

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 July 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

  19,108      —     1,351,585      —        301,593,187      —     2,714      —     —        54,612      2,040      903,756   

Receivables Net

  13,026,610      —     18,138,189      —        88,691,679      —     —        —     125,017,615      —        —        —     

Inventories

  11,270,111      —     38,037,875      —        105,880,905      —     —        —     25,883      (107,924   —        —     

Prepaid Expense and Other

  831,453      —     3,801,397      —        26,835,160      —     —        —     (2,862   —        —        —     

Note Receivables from Affiliates

  —        —     —        —        1,028,901,647      —     30,060,355      —     —        —        —        46,563,184   

Income Tax Receivable

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

Deferred Income Taxes

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

Total Current Assets

  25,147,282      —     61,329,046      —        1,551,902,578      —     30,063,069      —     125,040,636      (53,312   2,040      47,466,940   

Plant and Equipment

  377,078,150      —     464,934,731      1,792,022      2,559,268,698      —     —        —     3,403,000      —        —        —     

Less Accumulated Depreciation

  (204,441,865   —     (222,708,919   (1,537,903   (1,925,912,645   —     —        —     (3,403,000   —        —        —     

Plant and Equipment - Net

  172,636,285      —     242,225,812      254,119      633,356,053      —     —        —     —        —        —        —     

Goodwill / Intangible Assets

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

Investment in Subsidiaries

  —        —     —        —        2,624,280,705      —     (3,010,119   —     9,092,497      86,812,061      818,915,994      2,789,504,837   

Other Assets

  —        —     —        —        61,237,822      —     —        —     —        —        1,225,459      —     

Total Assets

  197,783,567      —     303,554,858      254,119      4,870,777,158      —     27,052,950      —     143,233,133      86,758,749      820,143,493      2,836,971,777   
   

LIABILITIES AND SHAREHOLDERS’ EQUITY

                         

Trade Accounts Payable

  1,152,293      —     7,188,128      —        23,260,369      —     —        —     2,321,748      —        —        —     

Accrued Liabilites

  4,623,709      —     15,154,513      14,500      68,343,035      —     —        —     6,657,772      (11,980,000   —        (452,668

Current Portion of Long Term Debt

  —        —     —        —        30,094,737      —     —        —     —        —        —        —     

Due to Affiliates

  15,381,665      —     (131,583,918   (280,840   (825,407,004   —     (11,188   —     733,768,440      76,811,822      486,975      1,237,619   

Income Tax Payable

  —        —     —        —        43,228,059      —     —        —     —        —        —        (1

Total Current Liabilities

  21,157,667      —     (109,241,277   (266,340   (660,480,804   —     (11,188   —     742,747,960      64,831,822      486,975      784,950   
   

Long Term Debt

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

Reclassification to Current Portion

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

Long Term Debt Net of Current Installments

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

Loans from Affiliates

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

Other Liabilities

  255,686      —     1,203,846      —        (28,788,411   —     (1   —     2      —        (1   2   

Deferred Income Taxes

  (5,396,946   —     56,995,190      (55,865   4,330,121      —     —        —     3,265,061      10,063,421      24,450,719      —     

Liabilities Subject to Compromise

                         

Debt

  4,583,540      —     9,080      —        1,610,443,765      —     —        —     —        —        687,938,024      —     

Debt Affiliate

  —        —     —        —        502,806,284      —     —        —     —        —        —        109,859,134   

Accounts Payable

  2,546,081      —     12,269,687      —        34,383,308      —     —        —     —        —        —        —     

Other

  9,072,862      —     62,142,324      6      310,470,094      —     —        —     —        —        —        —     

Total Liabilities

  32,218,890      —     23,378,850      (322,199   1,773,164,357      —     (11,189   —     746,013,023      74,895,243      712,875,717      110,644,086   
   

Shareholder Equity - Net

  165,564,677      —     280,176,008      576,318      3,097,612,801      —     27,064,139      —     (602,779,890   11,863,506      107,267,776      2,726,327,691   

Total Liabilities and Shareholders’ Equity

  197,783,567      —     303,554,858      254,119      4,870,777,158      —     27,052,950      —     143,233,133      86,758,749      820,143,493      2,836,971,777   

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 July 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

  3,231      18,472,832      157,601      39,324      751,032      355      —        1,190   —     —     —     325,012,742   

Receivables Net

  —        69,054,157      32,539      —        —        —        —        —     —     —     —     345,055,269   

Inventories

  —        68,871,957      —        —        —        —        136,211      —     —     —     —     255,085,169   

Prepaid Expense and Other

  —        3,642,180      2,913,639      —        —        —        87,135      —     —     —     —     40,547,988   

Note Receivables from Affiliates

  —        485,235,602      —        —        —        482,838,923      —        —     —     250,919,443   —     3,360,448,902   

Income Tax Receivable

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

Deferred Income Taxes

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

Total Current Assets

  3,231      645,276,728      3,103,779      39,324      751,032      482,839,278      223,346      1,190   —     250,919,443   —     4,326,150,070   

Plant and Equipment

  —        1,748,318,719      —        —        —        —        21,388,716      —     —     —     —     5,263,555,728   

Less Accumulated Depreciation

  —        (1,428,414,957   —        —        —        —        (18,533,305   —     —     —     —     (3,834,645,632

Plant and Equipment - Net

  —        319,903,762      —        —        —        —        2,855,411      —     —     —     —     1,428,910,096   

Goodwill / Intangible Assets

  —        46,899,000      —        —        —        —        —        —     —     —     —     56,352,645   

Investment in Subsidiaries

  1,641,734,485      966,903,677      —        79,809,309      7,559,006      5,100,000      —        820,283   —     —     250,919,443   14,911,736,545   

Other Assets

  —        131,511,629      18,070,487      —        —        —        —        —     —     —     —     251,759,908   

Total Assets

  1,641,737,716      2,110,494,796      21,174,266      79,848,633      8,310,038      487,939,278      3,078,757      821,473   —     250,919,443   250,919,443   21,225,828,707   
   

LIABILITIES AND SHAREHOLDERS’ EQUITY

                         

Trade Accounts Payable

  —        1,118,432      7,947      —        —        50,348      113,895      —     —     —     —     37,134,987   

Accrued Liabilites

  5,918      83,447,482      536,060      —        —        15,809      186,413      —     —     —     —     230,972,445   

Current Portion of Long Term Debt

  —        9,905,263      —        —        —        —        —        —     —     —     —     40,000,000   

Due to Affiliates

  6,007,382      (131,608,243   51,322,165      —        14,565      (2,068,798   73,667,611      128,110   —     —     —     282,900,805   

Income Tax Payable

  1      541,041      —        —        117,262      —        —        —     —     —     —     (1,312,310

Total Current Liabilities

  6,013,301      (36,596,025   51,866,172      —        131,827      (2,002,641   73,967,919      128,110   —     —     —     589,695,927   
   

Long Term Debt

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

Reclassification to Current Portion

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

Long Term Debt Net of Current Installments

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

Loans from Affiliates

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

Other Liabilities

  (2   102,578,804      7,247,740      —        (1   (2   94,601      —     —     —     —     201,620,088   

Deferred Income Taxes

  19,861,406      34,999      135,620      —        (114,830   (794,126   8,388,413      —     —     —     —     (170,857,285

Liabilities Subject to Compromise

                         

Debt

  —        426,818,359      —        —        —        —        —        —     —     —     —     3,034,906,191   

Debt Affiliate

  329,334,714      339,973,139      155,896,320      —        —        —        —        —     —     —     —     3,684,348,342   

Accounts Payable

  —        35,168,909      1,318,019      —        —        —        —        —     —     —     —     100,643,205   

Other

  —        202,988,503      40,904,949      (1   —        (3   (1   —     —     —     —     818,428,014   

Total Liabilities

  355,209,419      1,070,966,688      257,368,820      (1   16,996      (2,796,772   82,450,932      128,110   —     —     —     8,258,784,482   
   

Shareholder Equity - Net

  1,286,528,297      1,039,528,108      (236,194,554   79,848,634      8,293,042      490,736,050      (79,372,175   693,363   —     250,919,443   250,919,443   12,967,044,225   

Total Liabilities and Shareholders’ Equity

  1,641,737,716      2,110,494,796      21,174,266      79,848,633      8,310,038      487,939,278      3,078,757      821,473   —     250,919,443   250,919,443   21,225,828,707   

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 July 1st, 2010 to July 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

   —        —      —        107,998,951      —        —        33,699      —      —      —        —  

Cost of Sales

   —        —      —        107,984,506      —        (103,203   774,925      —      —      —        —  

Gross Profit (Loss)

   —        —      —        14,445      —        103,203      (741,226   —      —      —        —  

Operating Expenses

                           

Selling, General and Administrative

   634,343      —      2,500      282,445      1,250      —        —        —      —      —        —  

Research and Development

   —        —      —        —        —        —        —        —      —      —        —  

Restructuring and other Costs

   —        —      —        686,666      —        —        (22,516   —      —      —        —  

Total Operating Expenses

   634,343      —      2,500      969,111      1,250      —        (22,516   —      —      —        —  

Operating Income (Loss)

   (634,343   —      (2,500   (954,666   (1,250   103,203      (718,710   —      —      —        —  

Interest Income (Expense)

   —        —      1,011,312      (1,011,029   —        2      (5,603   —      —      (50,797   —  

Other Income (Expense) Net

   (512,309   31    —        (1,035,851   —        20,921      (929   —      —      457      —  

Equity in Earnings of Subs

   —        —      —        —        —        —        —        —      —      —        —  

Income Before Taxes

   (1,146,652   31    1,008,812      (3,001,546   (1,250   124,126      (725,242   —      —      (50,340   —  
                             

Income Tax Expense

   —        —      —        (381   —        —        —        —      —      —        —  
   

Net Income before Discontinued Operations

   (1,146,652   31    1,008,812      (3,001,927   (1,250   124,126      (725,242   —      —      (50,340   —  

Discontinued Operations

   —        —      —        —        —        —        —        —      —      —        —  

Net Income (Loss)

   (1,146,652   31    1,008,812      (3,001,927   (1,250   124,126      (725,242   —      —      (50,340   —  

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 July 1st, 2010 to July 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

   11,089,251      —      22,378,138      —        76,795,994      —      —      —      114,715,637      —        —        —     

Cost of Sales

   11,539,032      —      20,280,554      (3,113   59,040,943      —      —      —      114,591,215      —        —        —     

Gross Profit (Loss)

   (449,781   —      2,097,584      3,113      17,755,051      —      —      —      124,422      —        —        —     

Operating Expenses

                              

Selling, General and Administrative

   13,766      —      135,570      —        2,101,628      —      —      —      42,220      —        —        —     

Research and Development

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

Restructuring and other Costs

   —        —      —        —        3,603,015      —      —      —      —        —        —        —     

Total Operating Expenses

   13,766      —      135,570      —        5,704,643      —      —      —      42,220      —        —        —     

Operating Income (Loss)

   (463,547   —      1,962,014      3,113      12,050,408      —      —      —      82,202      —        —        —     

Interest Income (Expense)

   (285   —      9,361      —        (3,215,181   —      —      —      (4,550   (16   (3,975,032   (567,818

Other Income (Expense) Net

   (8,368   —      (278,553   —        (593,668   —      —      —      (23,783   50,349      (800,868   (304,979

Equity in Earnings of Subs

   —        —      —        —        —        —      —      —      —        480,400      —        —     

Income Before Taxes

   (472,200   —      1,692,822      3,113      8,241,559      —      —      —      53,869      530,733      (4,775,900   (872,797
                                

Income Tax Expense

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

Net Income before Discontinued Operations

   (472,200   —      1,692,822      3,113      8,241,559      —      —      —      85,536      530,733      (4,775,900   (872,797

Discontinued Operations

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

Net Income (Loss)

   (472,200   —      1,692,822      3,113      8,241,559      —      —      —      85,536      530,733      (4,775,900   (872,797

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 July 1st to July 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

   —        42,302,557      48      —        —        —        (345   —        —      —      —      375,313,930   

Cost of Sales

   —        37,013,584      16,181      —        —        49      59,580      —        —      —      —      351,194,253   

Gross Profit (Loss)

   —        5,288,973      (16,133   —        —        (49   (59,925   —        —      —      —      24,119,677   

Operating Expenses

                             

Selling, General and Administrative

   —        2,656,013      —        —        —        —        —        —        —      —      —      5,869,735   

Research and Development

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

Restructuring and other Costs

   —        2,381,385      —        —        —        —        —        —        —      —      —      6,648,550   

Total Operating Expenses

   —        5,037,398      —        —        —        —        —        —        —      —      —      12,518,285   

Operating Income (Loss)

   —        251,575      (16,133   —        —        (49   (59,925   —        —      —      —      11,601,392   

Interest Income (Expense)

   (32   (3,679,177   (456,760   (315   (5   —        —        (31   —      —      —      (11,945,956

Other Income (Expense) Net

   (827,006   (1,018,312   (5,914,252   —        —        (263   10,180      —        —      —      —      (11,237,203

Equity in Earnings of Subs

   —        (9,407   —        —        —        —        —        —        —      —      —      470,993   

Income Before Taxes

   (827,038   (4,455,321   (6,387,145   (315   (5   (312   (49,745   (31   —      —      —      (11,110,774
                               

Income Tax Expense

   —        —        —        —        —        —        —        —        —      —      —      31,286   
   

Net Income before Discontinued Operations

   (827,038   (4,455,321   (6,387,145   (315   (5   (312   (49,745   (31   —      —      —      (11,079,488

Discontinued Operations

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

Net Income (Loss)

   (827,038   (4,455,321   (6,387,145   (315   (5   (312   (49,745   (31   —      —      —      (11,079,488

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 July 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 July 1st, 2010, through July 31st, 2010, the end of this reporting period.

 

Dated: August 31st, 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 July 31st, 2010

(Dollars in Thousands)

 

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

Accounts Payable

   (1   $ 28,928    $ 5,904    $ 334    $ 1,968    $ 37,135
                                    

Total Post-Petition Payables

     $ 28,928    $ 5,904    $ 334    $ 1,968    $ 37,135
                                    

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 July 31st, 2010

(Dollars in Thousands)

 

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

Accounts Receivable

   (1   $ 239,308      $ 27,944      $ 2,675      $ 1,486      $ 25,863        297,277   

Other Receivables

   (2   $ 32,979      $ —        $ —        $ —        $ 14,799      $ 47,778   
                                                  

Totals

   (3   $ 272,287      $ 27,944      $ 2,675      $ 1,486      $ 40,662      $ 345,055   
                                                  
       78.9     8.1     0.8     0.4     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 - $9.5 million

- A/R Roads/Land Refurb Credit - $14.8 million

- Other A/R miscellaneous items - $23.5 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)

 

                 June 30, 2010          July 31, 2010          Change  
Case #      Debtor Entity         Intercompany
Balances
    Intercompany
Notes
    Total          Intercompany
Balances
    Intercompany
Notes
    Total          Intercompany
Balances
    Intercompany
Notes
    Total  
                                      

09-11296

     AbitibiBowater Incorporated         (102,276     (347,298     (449,574        (103,204     (347,298     (450,502        (928     —          (928

09-11297

     AbitibiBowater US Holding LLC         —          (787,338     (787,338        —          (787,338     (787,338        —          —          —     

09-11298

     Donohue Corp.         (38,569     538,169        499,600           (38,569     539,180        500,611           —          1,011        1,011   

09-11299

     Abitibi Consolidated Sales Corporation         41,748        (193,786     (152,037        61,484        (194,797     (133,313        19,736        (1,011     18,724   

09-11300

     Abitibi-Consolidated Alabama Corporation         12,591        (262,595     (250,004        12,589        (262,595     (250,006        (2     —          (2

09-11301

     Alabama River Newsprint Company         —          —          —             —          —          —             —          —          —     

09-11302

     Abitibi-Consolidated Corporation         (306,127     54,541        (251,585        (304,022     54,541        (249,480        2,105        —          2,105   

09-11303

     Augusta Woodlands, LLC         4,372        37,459        41,830           4,372        37,459        41,830           —          —          —     

09-11304

     Tenex Data Inc.         —          —          —             —          —          —             —          —          —     

09-11305

     Abitibi- Consolidated Finance LP         14,266        36,310        50,576           14,270        36,312        50,582           3        3        6   

09-11306

     Bowater Newsprint South LLC         (24,800     —          (24,800        (24,800     —          (24,800        —          —          —     

09-11307

     Bowater Newsprint South Operations LLC         (18,161     —          (18,161        (15,382     —          (15,382        2,779        —          2,779   

09-11308

     Bowater Finance II LLC         —          —          —             —          —          —             —          —          —     

09-11309

     Bowater Alabama LLC         133,796        —          133,796           131,303        —          131,303           (2,493     —          (2,493

09-11310

     Coosa Pines Golf Club LLC         276        —          276           281        —          281           5        —          5   

09-11311

     Bowater Incorporated         780,681        525,585        1,306,267           825,407        515,711        1,341,118           44,726        (9,875     34,851   

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.         (730,583     —          (730,583        (733,768     —          (733,768        (3,185     —          (3,185

09-11317

     Lake Superior Forest Products Inc.         (77,060     —          (77,060        (76,812     —          (76,812        248        —          248   

09-11319

     Bowater Canada Finance Corporation         (472     —          (472        (487     —          (487        (15     —          (15

09-11320

     Bowater Canadian Holdings Incorporated         (937     (62,690     (63,626        (1,238     (63,258     (64,495        (301     (568     (869

09-11321

     AbitibiBowater Canada Inc.         (5,819     (329,335     (335,153        (6,007     (329,335     (335,342        (189     —          (189

09-11322

     Bowater Canadian Forest Products Inc.         183,934        130,218        314,152           131,599        145,530        277,128           (52,335     15,312        (37,024

09-11324

     Bowater Maritimes Inc.         (51,423     (150,496     (201,919        (51,322     (155,896     (207,218        101        (5,401     (5,300

09-11325

     Bowater LaHave Corporation         —          —          —             —          —          —             —          —          —     

09-11326

     Bowater Canadian Limited         (14     —          (14        (15     —          (15        (0     —          (0

09-11328

     Bowater Nuway Inc.         2,069        482,839        484,908           2,069        482,839        484,908           (0     —          (0

09-11329

     Bowater Nuway Mid-states Inc.         (73,635     —          (73,635        (73,668     —          (73,668        (33     —          (33

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           —          0        0   

09-14486

     ABH LLC 2         —          —          —             —          —          —             —          —          —     

09-14487

     ABH Holding Company LLC         —          —          —             —          —          —             —          —          —     
                                      
     CCAA Filing Companies         317,230        118,855        436,084           306,832        119,568        426,401           (10,397     714        (9,684
                                      
     Non-Filing Companies         (60,972     (71,419     (132,391        (60,795     (71,604     (132,399        176        (185     (8
                                      
                                      
     Total       $ (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 July 1st, 2010 to July 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 July 1st, 2010 to July 31st, 2010

Listing of bank accounts opened during the reporting period.

 

Debtor

      

Bank Name

       

Date Opened

    
(none)              
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