EX-99.19 21 g74425ex99-19.txt AMERICAN HAWAII PROPERTIES CORP - JAN 02 REPORT EXHIBIT 99.19 DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION CASE NUMBER: 01-10976 (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: AMERICAN HAWAII PROPERTIES CORPORATION CASE NUMBER: 01-10976 (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, Investment & Petty Cash Accounts Attachment 1 American Hawaii Properties Corporation Summary Case No: 01-10976(EIK) UNAUDITED American Hawaii For Month Of January, 2002 Properties Corp
Balances ----------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled ------- ------------- ------------- ------------- ---------- ---------- AHC - Honolulu Payroll 58,170.75 57,396.81 Yes No - Not Yes Bank One Concentration Account # - 552-0110673379 Account American Hawaii Pro DBA 0.00 0.00 No - No - Not No - Bank of Hawaii No Activity Concentration No Activity Account # - 0001-037773 Account Honolulu Office 2,607.07 0.00 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 Account # - 552-0110673379 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 58,170.75 Receipts --------- 0.00 Total Receipts Disbursements (773.94) Payroll --------- (773.94) Total Disbursements Closing Balance - 31 Dec 01 57,396.81
Receipts & Disbursements Attachment 2-2 American Hawaii Properties Corporation R&D-Honolulu Office Case No: 01-10976 (EIK) UNAUDITED Petty Cash Honolulu Office Petty Cash Account # - NA 1 January 02 - 31 January 02 Opening Balance - 1 Dec 01 2,607.07 Receipts --------- 0.00 Total Receipts Disbursements (2,607.07) Misc Shut-Down Expenses --------- (2,607.07) Total Disbursements Closing Balance - 31 Dec 01 0.00
Concentration & Investment Account Statements Attachment 3 American Hawaii Properties Corp Summary Case No: 01-10976 (EIK) American Hawaii For Month Of January, 2002 Properties Corp Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=52 (AHC - HONOLULU OFFICE)
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 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 4,178.34 Sales & Marketing 0.00 Pre-Opening Costs 0.00 ---------- Total SG&A Expenses 4,178.34 ---------- EBITDA (4,178.34) Depreciation 0.00 ---------- Operating Income (4,178.34) 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) (4,178.34) ---------- Income Tax Expense 0.00 ---------- Net Income/ (Loss) (4,178.34) ----------
AMCV US SET BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=52 (AHC - HONOLULU OFFICE)
YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- ASSETS Cash and Equivalent 47,396.81 175,430.72 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 1,334.40 Inventories 598,546.64 1,214,962.00 Prepaid Expenses (528.80) 7,240.63 Other Current Assets 0.00 0.00 -------------- -------------- Total Current Assets 655,414.65 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 (3,158,045.98) (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 (3,158,045.98) (3,743,572.98) -------------- -------------- Total Assets (1,540,185.61) (1,382,159.51) -------------- --------------
AMCV US SET BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=52 (AHC - HONOLULU OFFICE)
YTD-Actual YTD-Actual JAN-02 OCT-01 ------------- ------------- LIABILITIE 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) (4,178.34) (1,383,800.96) Retained Earnings (1,537,007.27) 641.45 ------------- ------------- Total Owner's Equity (1,540,185.61) (1,382,159.51) ------------- ------------- Total Liabilities & Equity (1,540,185.61) (1,382,159.51) ------------- -------------
American Hawaii Properties Corporation 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 (2,484,240.71) 74.97 -- (2,484,165.74) AMCV Cruise Operations, Inc. 01-10967 (5,188,103.46) -- 2,117.21 (5,190,220.67) The Delta Queen Steamboat Co. 01-10970 (49,579.61) 14,482.22 8,452.90 (43,550.29) Great AQ Steamboat, L.L.C 01-10960 1,496.24 -- -- 1,496.24 Great River Cruise Line, L.L.C 01-10963 (9,562.38) -- -- (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 3,724,194.25 -- -- 3,724,194.25 Great Hawaiian Cruise Line, Inc. 01-10975 (743.26) -- -- (743.26) Great Hawaiian Properties Corporation 01-10971 62,430.01 8,452.90 8,452.90 62,430.01 Great Independence Ship Co. 01-10969 (543,024.70) 773.94 -- (542,250.76) Cat II, Inc. 01-10968 (3,675.11) -- -- (3,675.11) --------------------------------------------------------------------- (3,162,807.00) 23,784.03 19,023.01 (3.158.045.98) =====================================================================
AMERICAN HAWAII PROPERTIES CORPORATION ACCOUNTS RECEIVABLE AGING AS OF JANUARY 31, 2002 ATTACHMENT 7 NOT APPLICABLE AMERICAN HAWAII PROPERTIES CORPORATION ACCOUNTS PAYABLE DETAIL AS OF JANUARY 31, 2002 ATTACHMENT 8 NOT APPLICABLE DEBTOR: AMERICAN HAWAII PROPERTIES CORPORATION CASE NUMBER: 01-10976 (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. Amount represents warehouse inventories. Physical counts were performed in November, 2001, and quantities were valued at average cost. Inventories are currently held for auction. 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.