EX-99.16 19 g77469exv99w16.txt AMCV HOLDINGS, INC. JUNE 2002 EXHIBIT 99.16 DEBTOR: AMCV HOLDINGS, INC. CASE NUMBER: 01-10973 (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: AMCV HOLDINGS, INC. CASE NUMBER: 01-10973 (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 4:08 PM AMCV Holdings, Inc. Summary Case No: 01-10973 (JCA) UNAUDITED AMCV Holdings, Inc. 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 ------- ------------- ------------- ------------- ---------- ---------- No Bank Or Investment Accounts NA NA NA NA NA
20-Jul-02 Receipts & Disbursements Attachment 2 4:09 PM AMCV Holdings, Inc. Summary Case No: 01-10973 (JCA) AMCV Holdings, Inc. For Month Of June, 2002 Attach 2 No Receipts Or Disbursements Due To No Bank Or Investment Accounts 20-Jul-02 Concentration & Investment Account Statements Attachment 3 4:10 PM AMCV Holdings, Inc. Summary Case No: 01-10973 (JCA) AMCV Holdings, Inc. 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 09:47:45 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: JUN-02 currency USD Company=12 (AMCV - HOLDINGS)
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 (466,509,449.26) Reorganization expenses 0.00 --------------- Total Other Expense/(Income) 466,509,449.26 --------------- Net Pretax Income/(Loss) (466,509,449.26) Income Tax Expense 0.00 --------------- Net Income/(Loss) (466,509,449.26) ===============
AMCV US SET OF BOOKS Date: 26-JUL-02 09:52:53 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: JUN-02 currency USD Company=12 (AMCV - HOLDINGS)
YTD-Actual YTD-Actual 30-Jun-02 22-Oct-02 --------------- -------------- 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 0.00 0.00 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries (469,195,558.34) (918,077.34) --------------- -------------- Total Other Assets (469,195,558.34) (918,077.34) --------------- -------------- Total Assets (469,195,558.34) (918,077.34) =============== ==============
AMCV US SET OF BOOKS Date: 26-JUL-02 09:52:53 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: JUN-02 currency USD Company=12 (AMCV - HOLDINGS)
YTD-Actual YTD-Actual 30-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 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 9,440.25 9,440.25 Add'l Paid In Capital 79,208,059.85 79,208,059.85 Current Net Income (Loss) (469,009,767.89) (13,500,663.21) Retained Earnings (79,403,290.55) (66,634,914.23) --------------- -------------- Total Owner's Equity (469,195,558.34) (918,077.34) --------------- -------------- Total Liabilities & Equity (469,195,558.34) (918,077.34) =============== ==============
AMCV Holdings, Inc. ATTACHMENT 6 01-10973(JCA) Summary List of Due To/Due From Accounts For the Month Ended June 30, 2002
BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE AMCV Cruise Operations, Inc. 01-10967 638,138.36 1,500.00 15.00 639,623.36 Project America, Inc. N/A (457,361.14) -- -- (457,361.14) Great Hawaiian Cruise Line, Inc. 01-10975 (180,777.22) 15.00 1,500.00 (182,262.22) ------------------------------------------------------------------- -- 1,515.00 1,515.00 -- ===================================================================
AMCV Holdings, Inc. 01-10973 (JCA) Accounts Receivable Aging As of June 30, 2002 Attachment 7 Not Applicable AMCV Holdings, Inc. 01-10973 (JCA) Accounts Payable Detail As of June 30, 2002 Attachment 8 Not Applicable DEBTOR: AMCV HOLDINGS, INC. CASE NUMBER: 01-10973 (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.