EX-99.11 13 g74425ex99-11.txt CAT II, INC. - JAN 02 REPORT EXHIBIT 99.11 DEBTOR: CAT II, INC. CASE NUMBER: 01-10968 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January 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, Finance DEBTOR: CAT II, INC. CASE NUMBER: 01-10968 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED 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 January 2002 Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 CAT II, Inc. Summary Case No: 01-10968 (EIK) UNAUDITED CAT II, Inc For Month Of January, 2002
Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled ------- ------------- ------------- ------------- ---------- ---------- No Bank Or Investment NA NA NA NA NA Accounts
Receipts & Disbursements Attachment 2 CAT II, Inc. Summary Case No: 01-10968 (EIK) CAT II, Inc. For Month Of January, 2002 Attach 2&3 No Receipts Or Disbursements Due To No Bank Or Investment Accounts Concentration & Investment Account Statements Attachment 3 CAT II, Inc. Summary Case No: 01-10968 ,(EIK) CAT II, Inc. For Month Of January, 2002 Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US Serf OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=59 (CAT - AHC)
PTD-Actual JAN-02 ---------- 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 Expense 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 Sales & Marketing 0.00 Pre-Opening Costs 0.00 ---- Total SG&A Expenses 0.00 ---- EBITDA 0.00 Depreciation 0.00 ---- Operating Income 0.00 Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ---- Total Other Expense/(Income) 0.00 ---- Net Pretax Income/(Loss) 0.00 ---- Income Tax Expense 0.00 ---- Net Income/(Loss) 0.00
AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=59 (CAT - AHC)
YTD-Actual YTD-Actual JAN-02 OCT-01 ------------ ------------ ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 256,467.70 Inventories 0.00 0.00 Prepaid Expenses 2,109,063.46 1,904,155.44 Other Current Assets 0.00 0.00 ------------ ------------ Total Current Assets 2,109,063.46 2,160,623.14 Fixed Assets 0.00 0.00 Accumulated Depreciation 0.00 0.00 ------------ ------------ Net Fixed Assets 0.00 0.00 Net Goodwill 0.00 0.00 Intercompany Due To/From 2,068,624.58 1,958,103.81 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 2,068,624.58 1,958,103.81 ------------ ------------ Total Assets 4,177,688.04 4,118,726.95 ------------ ------------
AMCV US Srri OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=59 (CAT - AHC)
YTD-Actual YTD-Actual JAN-02 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 917,296.83 939,123.43 ------------ ------------ Total Liabilities 917,296.83 939,123.43 OTHER Liabilities Subject to Compromise 0.00 0.00 ------------ ------------ Total Other 0.00 0.00 OWNER'S EQUITY Common Stock 10.00 10.00 Add'1 Paid In Capital 2,919,930.15 2,919,930.15 Current Net Income (Loss) 0.00 (735,590.03) Retained Earnings 340,451.06 995,253.40 ------------ ------------ Total Owner's Equity 3,260,391.21 3,179,603.52 ------------ ------------ Total Liabilities & Equity 4,177,688.04 4,118,726.95 ------------ -----------
CAT II, Inc. ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002
Beginning Ending Affiliate Name Case Number Balance Debits Credits Balance ----------- ---------------- --------- -------- -------------- American Classic Voyages Co. 01-10954 (15,962,339.03) 2,922.41 3,176.41 (15,962,593.03) AMCV Cruise Operations, Inc. 01-10967 (9,637,982.06) _ -- (9,637,982.06) The Delta Queen Steamboat Co. 01-10970 100.00 -- -- 100.00 Great River Cruise Line, L.L.C 01-10963 (1,025.41) -- -- (1,025.41) Cruise America Travel, Incorporated 01-10966 (23,133.53) -- -- (23,133.53) Cape May Light, L.L.C 01-10961 (2,038.56) -- -- (2,038.56) Project America, Inc. N/A (1,925.90) -- -- (1,925.90) Oceanic Ship Co. N/A 15,529,527.96 -- -- 15,529,527.96 Ocean Development Co. 01-10972 362,391.82 -- -- 362,391.82 Great Hawaiian Properties Corporation 01-10971 (570.94) -- -- (570.94) American Hawaiian Properties Corporation 01-10976 3,675.11 -- -- 3,675.11 Great Independence Ship Co. 01-10969 11,802,199.12 -- -- 11,802,199.12 --------------------------------------------------------------------- 2,068,878.58 2,922.41 3,176.41 2,068,624.58 =====================================================================
CAT II, Inc. Accounts Receivable Aging As of January 31, 2002 Attachment 7 Not Applicable CAT II, Inc. Accounts Payable Detail As of January 31, 2002 Attachment 8 Not Applicable DEBTOR: CAT II, INC. CASE NUMBER: 01-10968 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY 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. Other long-term liabilities consists of deferred tax assets and liabilities, net. Deferred tax assets and liabilities have been recognized for the expected future tax consequences of temporary differences between carrying amounts and the tax bases of assets and liabilities. The Debtor has not recorded adjustments to these amounts pending the outcome of Chapter 11 proceedings. 2. Amount represents pre-petition pre-paid airline tickets. Amounts representing liabilities to airlines for airline tickets and contained in "liabilities subject to compromise" may be setoff by pre-paid airline tickets.