EX-99.14 17 g77469exv99w14.txt GREAT HAWAIIAN PROPERTIES CORPORATION JUNE 2002 EXHIBIT 99.14 DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION CASE NUMBER: 01-10971 (JCA) MONTHLY OPERATING REPORT AS OF JUNE 30, 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 June Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ STEVE MOELLER ---------------------- Steve Moeller Director, Accounting DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION CASE NUMBER: 01-10971 (JCA) MONTHLY OPERATING REPORT AS OF JUNE 30, 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 June Monthly Operating Report 20-Jul-02 Summary Of Bank And Investment Accounts Attachment 1 4:00 PM Great Hawaiian Properties Corporation Summary Case No: 01-10971 (JCA) UNAUDITED Great Hawaiian Properties Corp For Month Of June, 2002
Balances --------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 6/01/02 As Of 6/30/02 Included Included Reconciled ------- ------------- ------------- ------------- ---------- ---------- AHC - Honolulu Disbursements 0.00 0.00 No - No - No - Bank One Account Account Account Account # - 552-0110649303 Closed Closed Closed AHC - Mainland Credit Cards 1,500.00 0.00 Yes No - Not Yes Bank One Concentration Account # - 552-0110521579 Account AHC - Mainland Disbursements 0.00 0.00 No - No - No - Bank One Account Account Account Account # - 552-0110673395 Closed Closed Closed AHC - Mainland Payroll 0.00 0.00 No - No - No - Bank One Account Account Account Account # - 552-0110673387 Closed Closed Closed AHC - Master Cash 0.00 0.00 No - No - No - Bank One Account Account Account Account # - 552-0110673360 Closed Closed Closed AHC - Honolulu Credit Cards (15.00) 0.00 Yes No - Not Yes Bank One Concentration Account # - 552-0110572580 Account Great Hawaiian Prop Corp 0.00 0.00 No - No - No - Goldman Sachs & Co. Account Account Account Account # - 020-33478-5 Closed Closed Closed
20-Jul-02 Receipts & Disbursements Attachment 2-1 4:01 PM Great Hawaiian Properties Corporation R&D - Bank One Case No: 01-10971 (JCA) UNAUDITED AHC Mainland Credit Cards Bank One AHC Mainland Credit Cards Account # - 552-0110521579 1 Jun 02 - 30 Jun 02
Opening Balance - 1 Jun 02 1,500.00 Receipts Receipts From Credit Card Chargeback Reversals ---------- 0.00 Total Receipts Disbursements (1,500.00) Check In Transit At Month End To Weston Office ---------- (1,500.00) Total Disbursements Closing Balance - 30 Jun 02 0.00
20-Jul-02 Receipts & Disbursements Attachment 2-2 4:02 PM Great Hawaiian Properties Corporation R&D - Bank One Case No: 01-10971 (JCA) UNAUDITED AHC Honolulu Credit Cards Bank One AHC Honolulu Credit Cards Account # - 552-0110572580 1 Jun 02 - 30 Jun 02
Opening Balance - 1 Jun 02 (15.00) Receipts 15.00 Fee Reversal ------- 15.00 Total Receipts Disbursements ------- 0.00 Total Disbursements Closing Balance - 30 Jun 02 0.00
20-Jul-02 Concentration & Investment Account Statements Attachment 3 4:03 PM Great Hawaiian Properties Corporation Summary Case No: 01-10971 (JCA) Great Hawaiian Properties Corp For Month Of June, 2002 Attach 3
No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 26-JUL-02 09:47:43 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: JUN-02 currency USD Company=51 (AHC - OPERATIONS)
PTD-Actual 30-Jun-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 Sales & Marketing 0.00 Start-Up 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 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 Date: 26-JUL-02 09:52:51 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: JUN-02 currency USD Company=51 (AHC - OPERATIONS)
YTD-Actual YTD-Actual 30-Jun-02 22-Oct-02 -------------- -------------- ASSETS Cash and Equivalent 0.00 665,214.37 Restricted Cash 0.00 0.00 Accounts Receivable 0.00 0.00 Inventories 0.00 36,560.78 Prepaid Expenses 0.00 1,609.00 Other Current Assets 0.00 0.00 -------------- -------------- Total Current Assets 0.00 703,384.15 Fixed Assets 0.00 1,992,727.87 Accumulated Depreciation 0.00 (1,687,090.91) -------------- -------------- Net Fixed Assets 0.00 305,636.96 Net Goodwill 0.00 0.00 Intercompany Due To/From 21,010,606.76 20,319,892.39 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 -------------- -------------- Total Other Assets 21,010,606.76 20,319,892.39 -------------- -------------- Total Assets 21,010,606.76 21,328,913.50 ============== ==============
AMCV US SET OF BOOKS Date: 26-JUL-02 09:52:51 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: JUN-02 currency USD Company=51 (AHC - OPERATIONS)
TD-Actual YTD-Actual 0-Jun-02 22-Oct-02 --------------- --------------- 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 (15,184,601.60) (15,184,601.60) --------------- --------------- Total Liabilities (15,184,601.60) (15,184,601.60) OTHER Liabilities Subject to Compromise 0.00 0.00 --------------- --------------- Total Other 0.00 0.00 OWNER'S EQUITY Common Stock 9,440.25 9,440.25 Add'l Paid In Capital 83,336,732.73 83,336,732.73 Current Net Income (Loss) (318,306.74) (516,397.64) Retained Earnings (46,832,657.88) (46,316,260.24) --------------- --------------- Total Owner's Equity 36,195,208.36 36,513,515.10 --------------- --------------- Total Liabilities & Equity 21,010,606.76 21,328,913.50 =============== ===============
BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 51,110,970.59 -- -- 51,110,970.59 AMCV Cruise Operations, Inc. 01-10967 6,116,875.06 -- -- 6,116,875.06 The Delta Queen Steamboat Co. 01-10970 (1,247,073.77) -- -- (1,247,073.77) Great AQ Steamboat, L.L.C. 01-10960 22,591.38 -- -- 22,591.38 Great Pacific NW Cruise Line, L.L.C. 01-10977 66,513.26 -- -- 66,513.26 Great River Cruise Line, L.L.C. 01-10963 41,555.00 -- -- 41,555.00 Great Ocean Cruise Line, L.L.C. 01-10959 34,964.32 -- -- 34,964.32 Cape May Light, L.L.C. 01-10961 (4,188.00) -- -- (4,188.00) Project America, Inc. N/A (3,007,602.48) -- -- (3,007,602.48) Oceanic Ship Co. N/A (345,917.07) -- -- (345,917.07) Ocean Development Co. 01-10972 780,707.24 -- -- 780,707.24 Great Hawaiian Cruise Line, Inc. 01-10975 (3,600,035.73) 1,500.00 -- (3,598,535.73) American Hawaii Properties Corporation 01-10976 (62,430.01) -- -- (62,430.01) Great Independence Ship Co. 01-10969 (28,898,393.97) -- -- (28,898,393.97) CAT II, Inc. 01-10968 570.94 -- -- 570.94 -------------------------------------------------------------------- 21,009,106.76 1,500.00 -- 21,010,606.76 ====================================================================
Great Hawaiian Properties Corporation 01-10971 (JCA) Accounts Receivable Aging As of June 30, 2002 Attachment 7 Not Applicable Great Hawaiian Properties Corporation 01-10971 (JCA) Accounts Payable Detail As of June 30, 2002 Attachment 8 Not Applicable DEBTOR: GREAT HAWAIIAN PROPERTIES CORPORATION CASE NUMBER: 01-10971 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF JUNE 30, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JUNE MONTHLY OPERATING REPORT The information contained herein is unaudited. 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.