EX-99.37 39 g73863ex99-37.txt AMERICAN HAWAII PROPERTIES-NOV 01 OPERATING REPORT EXHIBIT 99.37 DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION CASE NUMBER: 01-10976 (EIK) MONTHLY OPERATING REPORT AS OF NOVEMBER 30, 2001 AND FOR THE PERIOD OCTOBER 23, 2001 THROUGH NOVEMBER 30, 2001 In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached Preliminary December Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicholas J. Davison ------------------------------------------- Nicholas J. Davison Senior Vice President /s/ Randall L. Talcott ------------------------------------------- Randall L. Talcott Vice President - Finance DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION CASE NUMBER: 01-10976 (EIK) MONTHLY OPERATING REPORT AS OF NOVEMBER 30, 2001 AND FOR THE PERIOD OCTOBER 23, 2001 THROUGH NOVEMBER 30, 2001 CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to November Monthly Operating Report
Summary Of Bank, Investment & Petty Cash Accounts Attachment 1 American Hawaii Properties Corporation Case No: 01-10976 (EIK) UNAUDITED Summary For Period Of 23 October - 30 November, 2001 American Hawaii Properties Corp
Balances --------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 10/23/01 As Of 11/30/01 Included Included Reconciled ------- -------------- -------------- -------- -------- ---------- AHC - Honolulu Payroll 224,851.06 9,654.83 Yes No - Not Yes Bank One Concentration Account # - 552-0110673379 Account American Hawaii Pro DBA A 50,000.00 48,274.14 Yes No - Not Yes Bank of Hawaii Concentration Account # - 0001-037773 Account Honolulu Office 31,954.37 2,607.07 Yes Not A Bank Yes Petty Cash Account
Receipts & Disbursements Attachment 2-1 American Hawaii Properties Corporation R&D -. Bank One Case No: 01-10976 (EIK) UNAUDITED AHC Honolulu Payroll Bank One AHC - Honolulu Payroll Account # - 552-0110673379 22 October 01 - 30 November 01 Opening Balance - 22 Oct 01 224, 851.06 Receipts 90,255.11 From Great Hawaiian Properties Corporation - Bank One - AHC Master Cash Account (552-0110673360) 9,828.45 ADP Reversal ------------ 100,083.56 Total Receipts Disbursements (35,000.00) To Great Hawaiian Properties Corporation - Bank One - AHC Master Cash Account (552-0110673360) (280,279.79) Payroll ------------ (315,279.79) Total Disbursements Closing Balance - 30 Nov 01 9,654.83
Receipts & Disbursements Attachment 2-2 American Hawaii Properties Corporation RED - Bank of Hawaii Case No: 01-10976 (EIK) UNAUDITED AHC - General Bank of Hawaii AHC - General Account #- 0001-037773 22 October 01 - 30 November 01 Opening Balance - 22 Oct 01 50, 000.00 Receipts 163,612.25 From Independence & Patriot Onboard Funds 15,165.77 From American Hawaii Properties Corporation - Honolulu Office - Petty Cash ----------- 178,778.02 Total Receipts Disbursements (25,000.00) To Honolulu Office Petty Cash (146,317.38) To Great Hawaiian Properties Corporation - Bank One - AHC Master Cash - Account (552-0110673360) (6,404.26) Returned Deposits (2,782.24) Bank Fees ----------- (180,503.88) Total Disbursements Closing Balance - 30 Nov 01 48,274.14
Receipts & Disbursements Attachment 2-3 American Hawaii Properties Corporation R&D-Honolulu Office Case No: 01-10976 (EIK) UNAUDITED Petty Cash Honolulu Office Petty Cash Account #- NA 22 October 01 - 30 November 01 Opening Balance - 22 Oct 01 31, 954.37 Receipts 25,000.00 From American Hawaii Properties Corp - Bank Of Hawaii - American Hawaii Pro DBA AHC -.Account (0001-037773) ---------- 25,000.00 Total Receipts Disbursements (15,165.77) To American Hawaii Properties Corp - Bank Of Hawaii - American Hawaii Pro DBA AHC - Account (0001-037773) (8,722.48) Employee Wages & Expenses (12,130.43) Office Expense (8,098.38) Port Fees (1,810.24) Shipping (8,420.00) Temporary Help ---------- (54,347.30) Total Disbursements Closing Balance.- 30. Nov 01 2,607.07
Concentration & Investment Account Statements Attachment 3 American Hawaii Properties Corp Case No: 01-10968 (EIK) Summary For Period Of 23 October - 30 November, 2001 American Hawaii Properties Corp Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT Current Period: NOV-01 Attachment 4 currency USD Company=52 (AHC - HONOLULU OFFICE)
PTD-Actual NOV-01 ------------ Revenue Gross Revenue 0.00 Allowances 0.00 ----------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 ----------- Total operating Expenses 0.00 ----------- Gross Profit 0.00 SG&A Expenses General and Admin Expenses 155,223.13 Sales & Marketing 0.00 Pre-Opening Costs 0.00 ----------- Total SG&A Expenses 155,223.13 ----------- EBITDA (155,223.13) Depreciation 0.00 ----------- Operating Income (155,223.13) Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub 0.00 ----------- Total Other Expense/(Income) 0.00 ----------- Net Pretax Income/(Loss) (155,223.13) ----------- Income Tax Expense (3,281.34) ----------- Net Income/(Loss) (151,941.79) -----------
AMCV US SET OF BOOKS BALANCE SHEET Attachment 5 Current Period: NOV-01 currency USD Company=52 (AHC - HONOLULU OFFICE)
YTD-Actual YTD-Actual NOV-01 OCT-01 ------------- ------------- ASSETS Cash and Equivalent (57,296.06) 175,430.72 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 1,334.40 Inventories 598,546.64 Note 1 1,214,962.00 Prepaid Expenses (528.80) 7,240.63 Other Current Assets 0.00 0.00 ------------- ------------- Total Current Assets 540,721.78 1,398,967.75 Fixed Assets 1,553,888.60 1,553,888.60 Accumulated Depreciation (591,442.88) (591,442.88) ------------- ------------- Net Fixed Assets 962,445.72 962,445.72 Net Goodwill 0.00 0.00 Intercompany Due To/From (3,037,268.80) (3,743,572.98) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 ------------- ------------- Total Other Assets (3,037,268.80) (3,743,572.98) ------------- ------------- Total Assets (1,534,101.30) (1,382,159.51) ------------- -------------
AMCV US SET OF BOOKS BALANCE SHEET Current Period: NOV-01 currency USD Company=52 (AHC - HONOLULU OFFICE)
YTD-Actual YTD-Actual NOV-01 OCT-01 ------------- ------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 0.00 0.00 Deposits 0.00 0.00 ------------- ------------- Total Current Liabilities 0.00 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------- ------------- Total Liabilities 0.00 0.00 OTHER Liabilities Subject to Compromise 0.00 0.00 ------------- ------------- Total Other 0.00 0.00 OWNER'S EQUITY Common Stock 1,000.00 1,000.00 Add'1 Paid In Capital 0.00 0.00 Current Net Income (Loss) (1,535,742.75) (1,383,800.96) Retained Earnings 641.45 641.45 ------------- ------------- Total Owner's Equity (1,534,101.30) (1,382,159.51) ------------- ------------- Total Liabilities & Other & (1,534,101.30) (1,382,159.51) ------------- -------------
American Hawaiian Properties Corporation 01-10976 Summary List Due To/Due From Accounts For the Period October 22, 2001 through November 30, 2001
BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co, 01-10954 (2,460,280.18) 359,799.72 308,425.10 (2,408,905.56) AMCV Cruise Operations, Inc. 01-10967 (5,203,489.37) 42,633.28 27,368.80 (5,188,224.89) The Delta Queen Steamboat Co. 01-10970 316.33 -- -- 316.33 Great AQ Steamboat, L.L.C 01-10960 1,496.24 -- -- 1,496.24 Great River Cruise Line, L.L.C 01-10963 50.00 -- 9,612.38 (9,562.38) Cruise America Travel, Incorporated 01-10966 (1,126.92) -- -- (1,126.92) Cape Cod Light, L.L.C 01-10962 31,777.30 -- -- 31,777.30 Project America, Inc. N/A 1,297,351.35 -- -- 1,297,351.35 Oceanic Ship Co. N/A 3,420,839.13 735,592.45 432,237.33 3,724,194.25 Cat II, Inc. (Footnote # ) 01-10968 (96.00) -- -- (96.00) Great Hawaiian Cruise Line, Inc. 01-10975 (743.26) -- -- (743.26) Great Hawaiian Properties Corporation 01-10971 (79,053.76) 156,317.38 14,405.07 62,858.55 Great Independence Ship Co. 01-10969 (747,034.73) 279,493.01 75,482.98 (543,024.70) Cat II, Inc. 01-10968 (3,579.11) -- -- (3,579.11) ------------------------------------------------------------------ (3,743,572.98) 1,573,835.84 867,531.66 (3,037,268.80) ==================================================================
American Hawaii Properties Corporation Monthly Operating Report As of November 30, 2001 And for the Period October 23, 2001 thru November 30, 2001 Attachment 7 Not Applicable American Hawaii Properties Corporation Monthly Operating Report As of November 30, 2001 And for the Period October 23, 2001 thru November 30, 2001 Attachment 8 Not Applicable DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION CASE NUMBER: 01-10976 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF NOVEMBER 30, 2001 AND FOR THE PERIOD OCTOBER 23, 2001 THROUGH NOVEMBER 30, 2001 ATTACHMENT 9 NOTES TO NOVEMBER MONTHLY OPERATING REPORT The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the- United States Trustee potential additional claims it believes may be asserted against the Company." To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. 1. Amount represents warehoused inventories. Physical counts were performed in November, 2001, and quantities were valued at-average cost. inventories are currently held for auction.