-----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, Sj9DbgSvYOzWpvqjrTlEepMK1UU3H77G9Dz7LjbWrG+dVNeiwDXkNzLvYkozCzzA QKWPwln7vhQgRHBiXVNcPQ== 0000852435-97-000009.txt : 19971120 0000852435-97-000009.hdr.sgml : 19971120 ACCESSION NUMBER: 0000852435-97-000009 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19971119 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: EASTERN UTILITIES ASSOCIATES CENTRAL INDEX KEY: 0000031224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 041271872 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: SEC FILE NUMBER: 070-07287 FILM NUMBER: 97724021 BUSINESS ADDRESS: STREET 1: ONE LIBERTY SQ STREET 2: P O BOX 2333 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6173579590 35-CERT 1 RULE 24 OF EUA COGENEX CONS. FOR 3 MOS ENDED 6/30/97 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. In the matter of ) ) EASTERN UTILITIES ASSOCIATES ) Boston, Massachusetts ) ) EUA COGENEX CORPORATION ) Certificate of Lowell, Massachusetts ) Notification ) Pursuant to ) Rule 24 (70-7287) ) ) (Public Utility Holding Company Act of 1935) ) Enclosed herewith for filing by Eastern Utilities Associates and its wholly-owned subsidiary, EUA Cogenex Corporation, in accordance with the Order of the Securities and Exchange Commission entered in the above matter on February 15, 1995 (Release No. 35-26232) and pursuant to Rule 24 under the Public Utility Holding Company Act of 1935, are the consolidated and consolidating balance sheet, income statement, and statement of cash flows of EUA Cogenex for the quarter ended June 30, 1997 and such other information required to be filed by said order. EASTERN UTILITIES ASSOCIATES By: /s/ Clifford J. Hebert, Jr. Clifford J. Hebert, Jr. Treasurer EUA COGENEX CORPORATION By: /s/ Edward T. Liston Edward T. Liston President November 19, 1997 EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS JUNE 30, 1997 ASSETS
EUA EUA EUA EUA EUA Cogenex Cogenex Nova Day Day I & II Consolidated Elim. (Division) (Division) (Division) (Division) Utility Plant and Other Inv.: Non-utility property $98,902,036 $45,235,233 $1,200,439 $2,241,753 $1,150,027 Less acc. provision for dep. 37,811,966 21,366,443 812,078 836,554 329,296 Net non-utility property 61,090,070 23,868,790 388,361 1,405,199 820,732 Inv. in subsidiaries (at equity) (73,197) 50,251,647 50,178,450 Notes receivable 39,005,267 32,428,008 Leases receivable 16,593,540 10,964,113 Other 17,065,586 11,304,933 (186,000) Total Ut. Plant and Other Inv. 133,681,267 50,251,647 128,744,293 202,361 1,405,199 820,732 Current Assets: Cash and temporary cash inv. 5,108,661 449,337 213,000 9,332 Notes receivable 17,599,212 16,824,528 31,876,049 97,958 955,431 Leases receivable 1,860,298 947,361 Accounts receivable - Net: Customers 24,131,562 10,135,959 1,048,723 1,237,900 Others 4,643,186 1,042,704 5,841,346 (4,247) 35,712 Accounts receivable - ass. cos. (1) 5,855,186 5,281,896 287,101 131,240 Mat. and supplies (at avg cost): Plant mats and op. supplies 1,647,663 63,569 840,489 256,302 418,402 Other current assets 735,932 1,777,328 2,413,298 38,907 36,293 Total Current Assets 55,726,513 25,499,746 57,008,816 2,521,931 2,662,210 418,402 Deferred Debits: Unamortized debt expense 482,562 482,562 Other deferred debits 2,650,767 1,101,302 97,994 Total Deferred Debits 3,133,330 1,583,865 97,994 Total Assets $192,541,110 $75,751,393 $187,336,973 $2,822,286 $4,067,409 $1,239,133
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS JUNE 30, 1997 ASSETS (CONTINUED)
EUA EUA EUA EUA EUA EUA NEM Cogenex Citizens West MUPA WestCoast Inc. Canada Corp. Corp. (Part.) (Part.) Utility Plant and Other Inv.: Non-utility property $8,493,365 $4,121,659 $3,054,568 $2,597,702 Less acc. provision for dep. 3,261,686 285,308 532,909 1,818,338 Net non-utility property 5,231,679 3,836,351 2,521,659 779,364 Inv. in subsidiaries (at equity) Notes receivable 5,860,635 716,624 Leases receivable 2,239,311 Other 158,347 44,153 5,513,637 77,526 Total Ut. Plant and Other Inv. 5,390,026 5,860,635 3,880,504 10,991,231 856,890 Current Assets: Cash and temporary cash inv. 318,167 272,755 24,263 682,615 91,266 1,287,817 Notes receivable 1,075,070 151,046 268,187 Leases receivable 251,351 Accounts receivable - Net: Customers 506,431 1,955,415 1,840,689 1,151,498 23,750 391,443 Others (303,295) 100 (62,860) 14,855 42,000 Accounts receivable - ass. cos. 55,164 99,783 Mat. and supplies (at avg cost): Plant mats and op. supplies 68,902 Other current assets 8,358 3,794 12,610 Total Current Assets 521,303 3,311,697 1,861,049 2,432,660 115,015 1,989,446 Deferred Debits: Unamortized debt expense Other deferred debits 1,214,366 137,436 74,231 25,438 Total Deferred Debits 1,214,366 137,436 74,231 25,438 Total Assets $7,125,695 $9,309,769 $5,815,784 $13,449,329 $115,015 $2,846,336
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS JUNE 30, 1997 ASSETS (CONTINUED)
EUA EUA EUA FRC II EC&SI EC&SII (Part.) (Part.) (Part.) Utility Plant and Other Inv.: Non-utility property $77,490 $11,992,876 $18,736,925 Less acc. provision for dep. 77,490 2,034,290 6,457,574 Net non-utility property 9,958,586 Inv. in subsidiaries (at equity) Notes receivable Leases receivable Other 64,493 88,498 Total Ut. Plant and Other Inv. 10,496,475 15,284,569 Current Assets: Cash and temporary cash inv. 238,552 725,150 796,409 Notes receivable Leases receivable 155,994 505,591 Accounts receivable - Net: Customers 676,881 1,062,387 4,100,486 Others 122,280 Accounts receivable - ass. cos. Mat. and supplies (at avg cost): Plant mats and op. supplies Other current assets Total Current Assets 915,433 1,943,531 5,524,766 Deferred Debits: Unamortized debt expense Other deferred debits Total Deferred Debits Total Assets $915,433 $12,400,006 $20,809,335
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS JUNE 30, 1997 LIABILITIES
EUA EUA EUA EUA Cogenex Cogenex Nova Day Consolidated Elim. Corporation (Division) (Division) Capitalization: Common equity $47,142,205 $16,129,712 $47,015,183 ($663,413) $1,264,607 Redeemable preferred stock of subsidiaries - net 75 Partnerships' capital 31,282,162 Long-term debt - net 89,200,000 89,200,000 Total Capitalization 136,342,280 47,411,874 136,215,183 (663,413) (385,471) Current Liabilities: LTD due within one year 21,700,000 21,700,000 Notes payable 22,327,416 19,168,506 17,539,000 823,650 1,497,073 Accounts payable 5,954,201 1,090,041 2,592,854 81,807 588,324 Accounts payable - ass. co. 197,424 5,855,186 681,270 780,994 246,300 Customer deposits 614,324 (6,500) Taxes accrued 649,662 26,807 62,385 12,273 Interest accrued 1,333,248 1,777,328 1,333,248 331,950 6,777 Other current liabilities 3,731,628 3,207,074 2,228 673 Total Current Liabilities 56,507,902 27,891,061 47,080,252 3,122,709 Deferred Credits: Other deferred credits 3,571,395 448,458 3,304,970 362,990 126,209 Total Deferred Credits 3,571,395 448,458 3,304,970 362,990 126,209 Accumulated deferred taxes (3,880,467) 736,568 Tot. Liab. and Capital. $192,541,110 $75,751,393 $187,336,973 $2,822,286 $4,067,409
( ) Denotes Contra EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS JUNE 30, 1997 LIABILITIES (CONTINUED)
EUA EUA EUA EUA EUA EUA EUA EUA EUA NEM Cogenex Citizens West MUPA WestCoast FRC II EC&S I EC&S II Inc. Canada Corp. Corp. (Part.) (Part.) (Part.) (Part.) (Part.) Capitalization: Common equity $10,721,662 $711,549 $102,560 $4,505,239 Redeemable pref. stock of subsidiaries - net 75 Partnerships' capital (388,609) 1,668,749 235,799 11,699,942 18,066,281 Long-term debt - net Total Capitalization 10,721,662 711,549 102,635 4,505,239 (388,609) 1,668,749 235,799 11,699,942 18,066,281 Current Liabilities: LTD due within one year Notes payable 50,000 4,779,126 4,797,500 8,047,768 517,099 1,826,879 Accounts payable 710,491 392,877 229,484 503,624 798,747 666,541 154,285 325,208 Acc. payable-ass. co. 221 2,591,231 427,554 1,325,040 Customer deposits 360,717 260,107 Taxes accrued 517,372 594 30,232 Interest accrued 22,276 38,179 Other current liab 47,270 33,628 18,122 13,092 68,680 340,860 Tot. Current Liabil. 50,221 8,598,219 5,688,072 9,704,330 503,624 1,177,587 679,634 740,064 2,753,054 Deferred Credits: Other deferred credits 245,742 9,421 (19,478) (10,000) Total Deferred Credits 245,742 9,421 (19,478) (10,000) Accumulated deferred taxes (3,891,930) 15,657 (740,763) Tot. Liab. and Capital. $7,125,695 $9,309,769 $5,815,785 $13,449,329 $115,015 $2,846,336 $915,433 $12,440,006 $20,809,335
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 1997
EUA EUA EUA EUA EUA Cogenex Cogenex Nova Day Day I&II Consolidated Elim Corporation (Div.) (Div.) (Div.) Operating Revenues $31,873,568 $13,626,077 $2,857,099 $2,980,208 $104,625 Operating Expenses: Operation 26,092,911 90,268 12,404,047 3,569,412 2,670,367 391,153 Maintenance 766,458 378,099 14,387 Deprec. & amort. 4,739,607 (268) 2,203,819 66,352 29,804 71,788 Taxes-Other than income 375,045 127,123 97,651 98,154 16,220 - Income (credit) (1,992,955) (2,530,282) - Deferred 748,777 602,827 Total Operating Exp. 30,729,843 90,000 13,185,633 3,747,803 2,715,922 479,161 Operating Income 1,143,725 (90,000) 440,444 (890,704) 264,286 (374,536) Other Income and Deductions: Int. and div. income 3,750,841 709,538 3,843,049 6,296 Equ. in earn. of jointly- owned companies (110,631) 1,721,234 1,610,604 Other (ded.) income - net (65,382) 90,000 (63,885) 138,795 Total Other Income 3,574,828 2,520,773 5,389,768 145,091 Inc. (Loss) Before Int. 4,718,552 2,430,773 5,830,212 (745,613) 264,286 (374,536) Interest Charges: Interest on long-term debt 4,658,002 116,657 4,658,003 Amort. of debt exp.& prem 75,840 75,840 Other int. exp. (princ. short-term notes) 713,170 413,186 596,052 26,689 46,613 10,935 All. for borrowed funds used construction - (credit) (349,522) 179,696 (60,843) Total Interest Charges 5,097,491 709,539 5,269,052 26,689 46,613 10,935 Net (Loss) Income ($378,939) $1,721,234 $561,159 ($772,302) $217,673 ($385,471)
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS (CONTINUED) FOR THE SIX MONTHS ENDED JUNE 30, 1997
EUA EUA EUA EUA EUA NEM Cogenex Citizens West MUPA Inc. Canada Corp. Corp. (Part.) Operating Revenues $1,771,514 $1,976,008 $1,691,049 $2,737,590 $0 Operating Expenses: Operation 24,941 1,813,303 1,327,236 2,670,367 847,717 Maintenance 9,752 221 3,450 82 Deprec. & amort. 354,700 (29) 149,984 298,767 Taxes-Other than income 125 6,989 28,784 - Income (credit) 328,837 231,963 53,968 (77,441) - Deferred 145,950 Total Operating Exp. 864,304 2,045,237 1,538,399 2,923,927 847,799 Operating Income 907,210 (69,229) 152,650 (186,336) (847,799) Other Income and Deductions: Int. and div. income 464,795 4,555 134,244 Equ. in earn. of jointly- owned companies Other (ded.) income - net (9,268) (38) (54) (235) Total Other Income (9,268) 464,757 4,501 134,009 Inc. (Loss) Before Int. 897,943 395,528 157,150 (52,327) (847,799) Interest Charges: Interest on long-term debt 12,035 Amort. of debt exp.& prem Other int. exp. (princ. short-term notes) 77,707 142,906 225,454 All. for borrowed funds used construction - (credit) (60,964) (48,019) Total Interest Charges 77,707 81,941 177,435 12,035 Net (Loss) Income $897,943 $317,821 $75,209 ($229,762) ($859,834)
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS (CONTINUED) FOR THE SIX MONTHS ENDED JUNE 30, 1997
EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Part.) (Part.) (Part.) (Part.) Operating Revenues $286,870 $7,400 1,632,485 $2,202,642 Operating Expenses: Operation 36,996 6,019 503,844 179 Maintenance 20,297 2,384 70,835 266,951 Deprec. & amort. 191,405 349,177 1,023,572 Taxes-Other than income - Income (credit) - Deferred Total Operating Exp. 248,698 8,403 923,856 1,290,702 Operating Income 38,172 (1,002) 708,629 911,940 Other Income and Deductions: Int. and div. income 5,378 2,062 Equ. in earn. of jointly- owned companies Other (ded.) income - net (39,406) (646) (646) Total Other Income (34,028) (646) 1,417 Inc. (Loss) Before Int. 4,143 (1,002) 707,983 913,357 Interest Charges: Interest on long-term debt 6,476 23,880 74,266 Amort. of debt exp.& prem Other int. exp. (princ. short-term notes) All. for borrowed funds used construction - (credit) Total Interest Charges 6,476 23,880 74,266 Net (Loss) Income (2,333) ($1,002) $684,103 $839,091
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 1997
EUA EUA EUA EUA EUA Cogenex Elimination Cogenex Nova Day Day I&II Consolidated Corp. (Div.) (Div.) (Div.) CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) ($378,939) $1,721,234 $561,159 ($772,302) $217,673 ($385,471) Adj. to Reconcile Net Income (Loss) to Net Cash Provided by Op. Act.: Depreciation and amortization 5,253,748 2,359,624 65,571 34,843 329,296 Deferred taxes 709,510 563,560 Gains on sales of inv. in en svg. proj. paid for with notes & leases rec. (553,269) (392,317) Non-cash costs of energy saving project sales 10,361,674 5,273,039 Pension liability (276,909) (197,183) (79,726) Amortization of deferred revenues (49,400) 79,977 Collections and sales of project notes and leases receivable 4,689,948 3,895,692 Undistributed Equity earnings of subs (160,604) (160,604) Other - net 1,074,125 243,156 (90,340) (138,873) Net Changes to Working Capital: Accounts receivable (2,553,655) 1,337,993 (2,840,757) 535,746 261,147 Materials and supplies 65,343 499,152 326,470 (418,402) Accounts payable 1,247,611 1,428,796 (563,788) (89,458) 102,406 Accrued taxes 199,093 12,599 7,070 2,498 Accrued interest (1,149,275) 144,525 (1,149,275) 26,522 50,771 6,777 Other - net 842,508 (7,735,265) (1,131,691) (49,381) (6,085) Net Cash Provided from (Used in) Operating Activities 19,482,114 (3,263,321) 6,553,192 52,853 850,850 (467,800) CASH FLOW FROM INVESTING ACTIVITIES: Exp. for inv. in energy svgs proj. (23,845,104) (10,580,836) (48,982) 57,826 (1,150,027) Coll. on notes and leases rec. 6,560,278 6,436,630 4,084 Net Cash Prov. from (Used in) Investing activities (17,284,826) (4,144,206) (48,982) 61,910 (1,150,027) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt (1,600,000) (1,600,000) Dividends declared (1,450,000) Partner's contr. (withdrawal) 1,966,389 Net inc (dec) in short-term debt (150,853) 727,522 (384,000) 68,000 (270,000) (1,617,828) Net Cash Provided from (Used in) Financing Activities (1,750,853) (722,478) (17,611) 68,000 (270,000) (1,617,828) NET (DECREASE) INCREASE IN CASH 446,434 (3,985,799) 2,391,375 71,871 642,760 Cash & temp. cash inv. at beg. of yr. 4,662,227 0 1,543,211 141,129 293,539 Cash & temp. cash inv. at end of yr. $5,108,661 (3,985,799) $3,934,586 $213,000 $936,299 Cash paid during the year for: Interest $6,437,280 $6,394,780 $4,158 Income $297,812 $55,120 Conv of inv. in energy svngs projects to notes and leases rec. $3,113,364 $2,110,308 ( ) Denotes contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS (CONTINUED) FOR THE SIX MONTHS ENDED JUNE 30, 1997
EUA EUA EUA EUA EUA NEM Cogenex Citizens West MUPA Inc Canada Corp. Corp. (Part.) CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) $897,943 $317,821 $75,209 ($229,762) ($859,834) Adj. to Reconcile Net Income (Loss) to Net Cash Provided by Op. Act.: Depreciation and amortization 401,571 18,701 149,984 298,767 Deferred taxes 145,950 Gains on sales of inv. in en svg. proj. paid for with notes & leases rec. (42,242) (49,135) Non-cash costs of energy svngs projects sales 1,202,371 417,855 1,877,613 Pension liability Amortization of deferred revenues (121,158) (14,769) 6,550 Collections and sales of project notes and leases receivable 452,356 Other - net 132,981 205,180 (23,633) (254,803) 894,637 Net Changes to Working Capital: Accounts receivable 200,499 (1,933,575) (824,031) 4,542,499 286,035 Materials and supplies (29,112) (312,766) Accounts payable (8,142) 602,824 361,768 (177,610) 503,624 Accrued taxes 181,012 (2,756) (1,329) Accrued interest 22,276 38,179 Other - net 3,274 (20,352) (1,264) (780,724) Net Cash Provided from (Used in) Operating Activiities 1,649,645 540,597 162,870 6,466,400 (269,028) CASH FLOW FROM INVESTING ACTIVITIES: Exp. for inv. in energy svgs proj. (106) (1,588,360) (1,637,556) (6,866,444) Coll. on notes and leases rec. 110,788 Net Cash Prov. from (Used in) Investing activities (106) (1,477,573) (1,637,556) (6,866,444) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt Dividends declared (1,450,000) Partner's contr. (withdrawal) (312,920) Net inc (dec) in short-term debt (290,000) 1,117,246 1,336,218 894,559 Net Cash Provided from (Used in) Financing Activities (1,740,000) 1,117,246 1,336,218 894,559 (312,920) NET (DECREASE) INCREASE IN CASH (90,461) 180,271 (138,468) 494,515 (581,949) Cash & temp. cash inv. at beg. of yr. 568,629 50,242 162,730 169,458 487 Cash & temp. cash inv. at end of yr. $478,168 $230,513 $24,262 $663,973 (581,462) Cash paid during the year for: Interest $38,342 Income $217,456 $13,705 $11,531 Conv of inv. in energy svngs projects to notes and leases rec. $185,959 $384,879 ( ) Denotes contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS (CONTINUED) FOR THE SIX MONTHS ENDED JUNE 30, 1997
EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Part.) (Part.) (Part.) (Part.) CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) Adj. to Reconcile Net Income (Loss) ($2,333) ($1,002) $684,103 $839,091 to Net Cash Provided by Op. Act.: Depreciation and amortization 211,888 351,690 1,031,813 Deferred taxes Gains on sales of inv. in en svg. proj. paid for with notes & leases rec. (69,575) Non-cash costs of energy svngs projects sales 1,590,796 Pension liability Amortization of deferred revenues Collections and sales of project notes and leases receivable 40,637 76,451 224,812 Undistr. Equity earnings of subs Other - net 1,038,529 31,435 (964,145) Net Changes to Working Capital: Accounts receivable (65,423) 154,619 (148,063) (1,384,357) Materials and supplies Accounts payable 798,747 666,541 154,285 325,208 Accrued taxes Accrued interest Other - net 533,846 (852,562) (423,723) (4,164,096) Net Cash Provided from (Used in) Operating Activities 2,555,892 (32,404) 656,603 (2,500,878) CASH FLOW FROM INVESTING ACTIVITIES: Exp. for inv. in energy svgs proj. (2,256) (843,903) (1,184,459) Coll. on notes and leases rec. 8,776 Net Cash Prov. from (Used in) Investing activities 6,520 (843,903) (1,184,459) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt Dividends declared Partner's contr. (withdrawal) (948,975) 138,932 58,971 (902,396) Net inc (dec) in short-term debt (235,500) (3,277,681) Net Cash Provided from (Used in) Financing Activities (948,975) 138,932 (176,529) (4,180,077) NET (DECREASE) INCREASE IN CASH 1,613,437 106,528 (363,829) (7,865,414) Cash & temp. cash inv. at beg. of yr. 1,114,874 118,932 85,595 413,401 Cash & temp. cash inv. at end of yr. $2,728,311 $225,460 ($278,234) ($7,452,013) Cash paid during the year for: Interest Income Conversion of inv. in energy svngs projects to notes and leases rec. $432,218 ( ) Denotes contra
Business Line Project Equipment in Service Revenues as of 6/30/97 as of 6/30/97 Demand Side Mgmt./Energy Mgmt. Svcs $78,179,018 $24,747,902 Manufacturing and Fabrication $5,941,932 Consulting $1,183,734 TOTAL $78,179,018 $31,873,568 Geographic Location Project Equipment in Service Revenues as of 6/30/97 as of 6/30/97 New England / New York Region $53,267,496 $20,915,354 United States excluding New England $24,911,522 $8,982,207 and New York Canada $0 $1,976,007 All areas of the world excluding U.S. and Canada TOTAL $78,179,018 $31,873,568 EX-27 2 FDS
OPUR1 1000 6-MOS DEC-31-1997 JUN-30-1997 PER-BOOK 0 133681 55727 3133 0 192541 0 47246 (104) 47142 0 0 89200 0 22327 0 21700 0 0 0 12172 192541 31874 (1244) 31974 30730 1144 3575 4719 5097 (379) 0 (379) 0 4658 19482 0 0
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