EX-99.2 4 g78437exv99w2.txt GREAT OCEAN CRUISE MONTHY OPERATING REPORT EXHIBIT 99.2 DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C. CASE NUMBER: 01-10959 (JCA) MONTHLY OPERATING REPORT AS OF AUGUST 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 August 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 OCEAN CRUISE LINE, L.L.C. CASE NUMBER: 01-10959 (JCA) MONTHLY OPERATING REPORT AS OF AUGUST 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 August Monthly Operating Report
Summary Of Bank, Investment & Petty Cash Accounts Attachment 1 Great Ocean Cruise Line, L.L.C. Summary Case No: 01-10959 (JCA) UNAUDITED Great Ocean Cruise For Month Of August, 2002 Line, LLC
Balances --------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 8/01/02 As Of 8/31/02 Included Included Reconciled ------- ------------- ------------- -------- -------- ---------- Mississippi Queen Steamer 15,105.72 15,105.7 yes No - Not Yes Hibernia Concentration Account # - 812-502-719 Account Mississippi Queen 0.00 0.0 No - No Not A Bank No - No Petty Cash Activity Account Activity
Receipts & Disbursements Attachment 2 Great Ocean Cruise Line, L.L.C. R&D - Hibernia - MQ Steamer Case No: 01-10959 (JCA) UNAUDITED Hibernia -------- Mississippi Queen Steamer Account Account # - 812-502-719 1 August 02 - 31 August 02
Opening Balance - 1 August 02 15,105.72 Receipts --------- 0.00 Total Receipts Disbursements --------- 0.00 Total Disbursements Closing Balance - 31 August 02 15,105.72
Concentration & Investment Account Statements Attachment 3 Great Ocean Cruise Line, L.L.C. Summary Case No: 01-10959 (JCA) Great Ocean Cruise For Month Of August, 2002 Line, LLC Attach 3
No Statements Due To No Concentration Or Investment Accounts
AMCV US SET OF BOOKS Date: 17-SEP-02 15:52:45 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: AUG-02 currency USD Company=21 (MISSISSIPPI QUEEN)
PTD-Actual 31-Aug-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 (33,928.80) Passenger Expenses 1,058.18 Vessel Expenses 0.00 Layup/Drydock Expense 46,184.14 Vessel Insurance 3,156.41 ---------- Total Operating Expenses 16,469.93 ---------- Gross Profit (16,469.93) SG&A Expenses Sales & Marketing 0.00 Start-Up Costs 0.00 ---------- Total SG&A Expenses 0.00 ---------- EBITDA (16,469.93) Depreciation 0.00 ---------- Operating Income (16,469.93) Other Expense/(Income) Interest Income 0.00 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 Other expense 28.60 ---------- Total Other Expense/(Income) 28.60 ---------- Net Pretax Income/(Loss) (16,498.53) Income Tax Expense 0.00 ---------- Net Income/(Loss) (16,498.53) ==========
AMCV US SET OF BOOKS Date: 17-SEP-02 16:34:50 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: AUG-02 currency USD Company=21 (MISSISSIPPI QUEEN)
YTD-Actual YTD-Actual 31-Aug-02 22-Oct-02 ------------- -------------- ASSETS Cash and Equivalent 11,331.72 91,427.94 Restricted Cash 0.00 0.00 Accounts Receivable 0.00 61,448.42 Inventories 0.00 387,173.50 Prepaid Expenses 0.00 9,438.70 Other Current Assets 0.00 (14,555.00) ------------- -------------- Total Current Assets 11,331.72 534,933.56 Fixed Assets 0.00 32,530,486.54 Accumulated Depreciation 0.00 (22,994,750.57) ------------- -------------- Net Fixed Assets 0.00 9,535,735.97 Net Goodwill 0.00 0.00 Intercompany Due To/From 21,723,064.33 19,836,574.32 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 ------------- -------------- Total Other Assets 21,723,064.33 19,836,574.32 ------------- -------------- Total Assets 21,734,396.05 29,907,243.85 ============= ==============
AMCV US SET OF BOOKS Date: 17-SEP-02 16:34:50 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: AUG-02 currency USD Company=21 (MISSISSIPPI QUEEN)
YTD-Actual YTD-Actual 31-Aug-02 22-Oct-02 ------------- ------------- LIABILITIES Accounts Payable 1,826.90 9,423.11 Accrued Liabilities 0.00 935,232.90 Deposits 0.00 0.00 ------------- ------------- Total Current Liabilities 1,826.90 944,656.01 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------- ------------- Total Liabilities 1,826.90 944,656.01 Liabilities Subject to Compromise 2,667,587.11 2,827,647.41 OWNER'S EQUITY Common Stock 0.00 0.00 Add'l Paid In Capital 4,571,000.00 4,571,000.00 Current Net Income (Loss) (6,712,160.68) (984,131.23) Retained Earnings 21,206,142.72 22,548,071.66 ------------- ------------- Total Owner's Equity 19,064,982.04 26,134,940.43 ------------- ------------- Total Liabilities & Equity 21,734,396.05 29,907,243.85 ============= =============
Great Ocean Cruise Line, LLC ATTACHMENT 6 0-10959 (JCA) Summary List of Due To/Due From Accounts For the Month Ended august 31, 2002
BEGINNING ENDING Affiliate Name CASE NUMBER BALANCE DEBITS CREDITS BALANCE -------------- ----------- ------------- -------- --------- -------------- American Classic Voyages Co. 01-10954 29,578,514.46 5,019.48 3,961.84 29,579,572.10 AMCV Cruise Operations, Inc. 01-10967 (22,080,287.63) -- 2,449.63 (22,082,737.26) The Delta Queen Steamboat Co. 01-10970 17,667,595.20 1,331.09 22,434.20 17,646,492.09 DQSB II, Inc. 01-10974 (877.52) -- -- (877.52) Great AQ Steamboat, L.L.C. 01-10960 14,507.47 -- -- 14,507.47 Great Pacific NW Cruise Line, L.L.C. 01-10977 10,219.55 -- -- 10,219.55 Great River Cruise Line, L.L.C. 01-10963 (503,950.75) -- -- (503,950.75) Cruise America Travel, Incorporated 01-10966 (2,953,907.27) -- -- (2,953,907.27) Delta Queen Coastal Voyages, L.L.C. 01-10964 85,950.95 -- -- 85,950.95 Cape Cod Light, L.L.C. 01-10962 4,980.00 -- -- 4,980.00 Cape May Light, L.L.C. 01-10961 1,844.01 -- -- 1,844.01 Project America, Inc. N/A (4,475.20) -- -- (4,475.20) Great Hawaiian Cruise Line, Inc. 01-10975 (37,394.43) -- -- (37,394.43) Great Hawaiian Properties Corporation 01-10971 (34,964.32) -- -- (34,964.32) Great Independence Ship Co. 01-10969 (2,195.09) -- -- (2,195.09) -------------- -------- --------- ------------- 21,745,559.43 6,350.57 28,845.67 21,723,064.33 ============= ======== ========= =============
Great Ocean Cruise Line, L.L.C. 01-10959 (JCA) Accounts Receivable Aging As of August 31, 2002 Attachment 7 Not Applicable MISSISSIPPI QUEEN AP-STEAMER CHECKS 21-000-221300-00000 AUGUST-02
OUTSTANDING CHECKS: 17103 Garrett TV & Appliances 498.75 17104 Marvin Ross 957.96 17165 Jim Coulson-MCI 50.69 17183 S. Baham-Spiegel 20.00 17190 C. Sisson-J. Sisson 199.50 17248 A. Sisson-J. Sisson 100.00 -------- Total per G/L: 1,826.90 ========
ATTACHMENT # 8 DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C. CASE NUMBER: 01-10959 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF AUGUST 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO AUGUST 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.