EX-99.17 19 g75742ex99-17.txt DQSB II,INC. - MARCH 02 OPERATING REPORT Exhibit 99.17 DEBTOR: DQSB II, INC. CASE NUMBER: 01-10974 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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: DQSB II, INC. CASE NUMBER: 01-10974 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March Monthly Operating Report
16-Apr-02 Summary Of Bank And Investment Accounts Attachment 1 10:56 PM DQSB II, Inc. Summary Case No: 01-10974 (EIK) UNAUDITED DQSB II, Inc. For Month Of March, 2002 Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled ------- ------------- ------------- ------------- ---------- ---------- No Bank Or Investment NA NA NA NA NA Accounts
16-Apr-02 Receipts & Disbursements Attachment 2 10:58 PM DQSB II, Inc. Summary Case No: 01-10974 (EIK) DQSB II, Inc. For Month Of March, 2002 Attach 2 No Receipts Or Disbursements Due To No Bank Or Investment Accounts
16-Apr-02 Concentration & Investment Account Statements Attachment 3 10:57 PM DQSB II, Inc. Summary Case No: 01-10974 (EIK) DQSB II, Inc. For Month Of March, 2002 Attach 3 No Statements Due To No Concentration Or Investment Accounts
AMCV US SET OF BOOKS Date: 19-APR-02 08:27:45 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=60 (DELTA QUEEN SC II)
PTD-Actual 31-Mar-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 456.00 Sales & Marketing 0.00 Start-Up Costs 0.00 --------------- Total SG&A Expenses 456.00 --------------- EBITDA (456.00) Depreciation 0.00 --------------- Operating Income (456.00) Other Expense/(Income) Interest Income 0.00 Equity in Earnings for Sub (8,739.44) Reorganization expenses 0.00 --------------- Total Other Expense/(Income) 8,739.44 --------------- Net Pretax Income/(Loss) (9,195.44) Income Tax Expense 0.00 --------------- Net Income/(Loss) (9,195.44) ===============
AMCV US SET OF BOOKS Date: 18-APR-02 17:04:35 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=60 (DELTA QUEEN SC II)
YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 ------------ ------------ ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Accounts Receivable 0.00 0.00 Inventories 0.00 0.00 Prepaid Expenses 0.00 0.00 Other Current Assets 0.00 0.00 -------------------------- Total Current Assets 0.00 0.00 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 (21,817.32) (21,361.32) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 138,672.08 178,552.30 -------------------------- Total Other Assets 116,854.76 157,190.98 -------------------------- Total Assets 116,854.76 157,190.98 ==========================
AMCV US SET OF BOOKS Date: 18-APR-02 17:04:35 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=60 (DELTA QUEEN SC II)
YTD-Actual YTD-Actual 31-Mar-02 22-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 (4,904.83) (4,904.83) --------------------------- Total Liabilities (4,904.83) (4,904.83) OTHER Liabilities Subject to Compromise 0.00 0.00 --------------------------- Total Other 0.00 0.00 OWNER'S EQUITY Common Stock 0.00 0.00 Add'l Paid In Capital 600,000.00 600,000.00 Current Net Income (Loss) (24,780.55) (181,334.98) Retained Earnings (453,459.86) (256,569.21) --------------------------- Total Owner's Equity 121,759.59 162,095.81 --------------------------- Total Liabilities & Equity 116,854.76 157,190.98 ===========================
DQSB II, INC. ATTACHMENT 6 01-10974 (JCA) Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002 BEGINNING ENDING AFFILIATE NAME CASE ID # BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (22,836.06) - - (22,836.06) AMCV Cruise Operations, Inc. 01-10967 (1,194.40) - 456.00 (1,650.40) Great AQ Steamboat, L.L.C. 01-10960 919.60 - - 919.60 Great Pacific NW Cruise Line, L.L.C. 01-10977 339.49 - - 339.49 Great River Cruise Line, L.L.C. 01-10963 367.05 - - 367.05 Great Ocean Cruise Line, L.L.C. 01-10959 877.52 - - 877.52 Cape Cod Light, L.L.C. 01-10962 82.74 - - 82.74 Cape May Light, L.L.C. 01-10961 82.74 - - 82.74 -------------------------------------------------------------- (21,361.32) - 456.00 (21,817.32) ==============================================================
DQSB II, Inc. 01-10974 (EIK) Accounts Receivable Aging As of March 31, 2002 Attachment 7 Not Applicable DQSB II, Inc. 01-10974 (EIK) Accounts Payable Detail As of March 31, 2002 Attachment 8 Not Applicable DEBTOR: DQSB II, INC. CASE NUMBER: 01-10974 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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.