-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VK4ZF+Yq9xdiLgsxXvk2NKzf0Y0b3rofRPjm5cBNUpJukP3S2aT/g/8wsVBqYnM6 e+7F52ZWBj/PoGqCQFm3aQ== 0000909518-01-000222.txt : 20010224 0000909518-01-000222.hdr.sgml : 20010224 ACCESSION NUMBER: 0000909518-01-000222 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010213 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRAND UNION CO /DE/ CENTRAL INDEX KEY: 0000316236 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 221518276 STATE OF INCORPORATION: DE FISCAL YEAR END: 0403 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-07824 FILM NUMBER: 1552213 BUSINESS ADDRESS: STREET 1: 201 WILLOWBROOK BLVD CITY: WAYNE STATE: NJ ZIP: 07470-0966 BUSINESS PHONE: 2018906000 MAIL ADDRESS: STREET 1: 201 WILLOWBROOK BLVD CITY: WAYNE STATE: NJ ZIP: 07470 FORMER COMPANY: FORMER CONFORMED NAME: SUCCESSOR TO GRAND UNION CO/VA/ DATE OF NAME CHANGE: 19600201 8-K 1 0001.txt ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 ------------------------ Date of Report (Date of Earliest Event Reported): February 13, 2001 THE GRAND UNION COMPANY - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) DELAWARE - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 0-26602 22-1518276 - -------------------------------------- -------------------------------------- (Commission File Number) (I.R.S. Employer Identification No.) 201 WILLOWBROOK BOULEVARD WAYNE, NEW JERSEY 07470 - -------------------------------------------------------------------------------- (Address of Principal Executive offices) (Zip Code) (973) 890-6000 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code NOT APPLICABLE - -------------------------------------------------------------------------------- (Former Name or Former Address, if changed Since Last Report) ================================================================================ NY2:\1016530\01\LSCY01!.DOC\50318.0009 ITEM 5. OTHER EVENTS On February 13, 2001, The Grand Union Company (the "Company"), which filed a voluntary chapter 11 petition in the United States Bankruptcy Court for the District of New Jersey (the "Bankruptcy Court") on October 3, 2000, filed with the Bankruptcy Court unaudited (i) statements of cash flows and operations for (A) the 12 day and 28 day periods ended October 14, 2000, (B) the 36 day and 28 day periods ended November 11, 2000, (C) the 64 day and 28 day periods ended December 9, 2000 and (D) the 92 day and 28 day periods ended January 6, 2001 and (ii) balance sheets and statements of accounts receivable reconciliation and aging as at October 2, 2000, October 14, 2000, November 11, 2000, December 9, 2000 and January 6, 2001 ((i) and (ii) collectively, the "Monthly Operating Reports"). A Copy of the Monthly Operating Reports is furnished as Exhibit 99.1 to this Form 8-K and is hereby incorporated by reference. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS Exhibit No. Exhibit - ----------- ------- 99.1 Monthly Operating Reports. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized. THE GRAND UNION COMPANY Date: February 22, 2001. By: /s/ Glenn J. Smith -------------------------- Glenn J. Smith Senior Vice President 3 EXHIBIT INDEX Exhibit No. Exhibit - ----------- ------- 99.1 Monthly Operating Reports. 4 EX-99 2 0002.txt Exhibit 99.1 ------------ UNITED STATES BANKRUPTCY COURT _______________ DISTRICT OF ________________ IN: GRAND UNION CASE NO. 00-39613 (NW) --------------------------- --------------- DEBTOR MONTHLY OPERATING REPORT (OCTOBER 3-OCTOBER 14) FILE WITH COURT AND SUBMIT COPY TO UNITED STATES TRUSTEE WITHIN 20 DAYS AFTER END OF MONTH Submit copy of report to any official committee appointed in the case.
- ------------------------------------------------------------------ ---------------------- ----------------- -------------------- REQUIRED DOCUMENTS FORM NO. DOCUMENT EXPLANATION ATTACHED ATTACHED - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Schedule of Cash Receipts and Disbursements MOR-1 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Bank Reconciliation (or copies of debtor's bank MOR-1 (CONT) Sent to Trustee reconciliations) - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Copies of bank statements - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Cash disbursements journals - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Statement of Operations MOR-2 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Balance Sheet MOR-3 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Status of Postpetition Taxes MOR-4 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Copies of IRS Form 6123 or payment receipt - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Copies of tax returns filed during reporting period - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Summary of Unpaid Postpetition Debts MOR-4 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Listing of aged accounts payable - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Accounts Receivable Reconciliation and Aging MOR-5 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Debtor Questionnaire MOR-5 X - ------------------------------------------------------------------ ---------------------- ----------------- --------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. - --------------------------------------- ------------------------- Signature of Debtor Date - --------------------------------------- ------------------------- Signature of Joint Debtor Date /s/ Jeffrey P. Freimark - --------------------------------------- ------------------------- Signature of Authorized Individual* Date Jeffrey P. Freimark February 1, 2001 - --------------------------------------- ------------------------- Printed Name of Authorized Individual Date - ----------------------------- * Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. In re: GRAND UNION Case No. 00-39613 (NW) ----------- ------------- Debtor Reporting Period: October 14, 2000 ----------------- SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column must equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" column should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursement listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)] SEE ATTACHED DETAIL
- ------------------------------- ----------------------------------- --- ---------------------- --- -------------------------------- BANK ACCOUNTS CURRENT MONTH CUMULATIVE FILING TO DATE OPER. PAYROLL TAX OTHER ACTUAL PROJECTED ACTUAL PROJECTED - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- CASH BEGINNING OF MONTH - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- RECEIPTS - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- CASH SALES - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- ACCOUNTS RECEIVABLE - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- LOANS AND ADVANCES - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- SALE OF ASSETS - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- OTHER (ATTACH LIST) - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- TRANSFERS (FROM DIP ACCTS) - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- TOTAL RECEIPTS - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- DISBURSEMENTS - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- NET PAYROLL - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- PAYROLL TAXES - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- SALES, USE & OTHER TAXES - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- INVENTORY PURCHASES - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- SECURED/RENTAL/LEASES - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- INSURANCE - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- ADMINISTRATIVE - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- SELLING - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- OTHER (ATTACH LIST) - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- OWNER DRAW* - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- TRANSFERS (TO DIP ACCTS) - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- PROFESSIONAL FEES - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- U.S. TRUSTEE QUARTERLY FEES - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- COURT COSTS - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- TOTAL DISBURSEMENTS - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- NET CASH FLOW - ------------------------------- ------ ----------- -------- ------- ---------- ----------- ----------------- -------------- CASH - END OF MONTH - ------------------------------- ------ ----------- -------- ------- --- ---------- ----------- --- ----------------- --------------
*COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE THE FOLLOWING SECTION MUST BE COMPLETED
- ------------------------------------------------------------------------------------------------------- ------------------- DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN) - ------------------------------------------------------------------------------------------------------- ------------------- TOTAL DISBURSEMENTS $ - ------------------------------------------------------------------------------------------------------- ------------------- LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS $ - ------------------------------------------------------------------------------------------------------- ------------------- PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCE (i.e. from escrow accounts) $ - ------------------------------------------------------------------------------------------------------- ------------------- TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES $ - ------------------------------------------------------------------------------------------------------- ------------------- Form MOR (9/99)
THE GRAND UNION COMPANY CONSOLIDATED STATEMENT OF CASH FLOWS (dollars in thousands) - ---------------------- (unaudited) - -----------
---------------------------------- ---------------------------------- 4 Weeks 12 days Ended October 3 thru October 14, 2000 October 14, 2000 ---------------------------------- ---------------------------------- OPERATING ACTIVITIES: Net (loss) $ (154,970) $ (6,535) Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities before reorganization items paid: Unusual items 1,662 712 Cumulative effect of accounting change - - Extraordinary items - - Depreciation and amortization 143,482 1,327 Pension and other non-cash items 535 229 Deferred taxes - - Non-cash interest 156 66 Gain on sale of property - - Net changes in assets and liabilities: Receivables 9,764 4,148 Inventories 2,966 1,271 Other current assets (15,568) (6,672) Other assets (324) (138) Accounts payable and accrued liabilities 16,847 7,720 Other noncurrent liabilities (385) (165) ---------------------------------- ---------------------------------- Net cash provided by (used for) operating activities before reorganization items paid 4,165 2,753 Reorganization items paid - - ---------------------------------- ---------------------------------- Net cash provided by (used for) operating activities 4,165 2,753 ---------------------------------- ---------------------------------- INVESTMENT ACTIVITIES: Capital expenditures (6,203) (2,658) Proceeds from sale of property (1) (0) Disposals of property 47 20 ---------------------------------- ---------------------------------- Net cash provided by (used for) investment activities (6,157) (2,638) ---------------------------------- ---------------------------------- FINANCING ACTIVITIES: Proceeds from Revolving Credit Facility 18,204 7,801 Proceeds from DIP facility 1,000 428 Repayment of Term Loan - (66) Repayment of Revolving Credit Facility (11,000) - Repayment of DIP Facility Auction Bid Escrow - - Obligations under capital leases discharged (364) (156) ---------------------------------- ---------------------------------- Net cash provided by (used for) financing activities 7,840 8,007 ---------------------------------- ---------------------------------- NET INCREASE (DECREASE) IN CASH 5,848 8,122 CASH AT BEGINNING OF PERIOD 18,825 16,551 ---------------------------------- ---------------------------------- CASH AT END OF PERIOD $ 24,673 $ 24,673 ================================== ==================================
The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor Reporting Period: October 14, 2000 ----------------- BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
- ------------------------------------------------------------------ ------------------------------ --------------------------------- ASSETS BOOK VALUE AT END OF BOOK VALUE ON PETITION CURRENT REPORTING MONTH DATE - ------------------------------------------------------------------ ------------------------------ --------------------------------- OCTOBER 14, 2000 OCTOBER 2, 2000 - ------------------------------------------------------------------ ------------------------------ --------------------------------- CURRENT ASSETS - ------------------------------------------------------------------ ------------------------------ --------------------------------- Unrestricted Cash and Equivalents 24,673 31,122 - ------------------------------------------------------------------ ------------------------------ --------------------------------- Restricted Cash and Cash Equivalents (see continuation sheet) - ------------------------------------------------------------------ ------------------------------ --------------------------------- Accounts Receivable (Net) 24,955 29,140 - ------------------------------------------------------------------ ------------------------------ --------------------------------- Notes Receivable - ------------------------------------------------------------------ ------------------------------ --------------------------------- Inventories 115,530 116,876 - ------------------------------------------------------------------ ------------------------------ --------------------------------- Prepaid Expenses 21,209 5,810 - ------------------------------------------------------------------ ------------------------------ --------------------------------- Professional Retainers - ------------------------------------------------------------------ ------------------------------ --------------------------------- TOTAL CURRENT ASSETS $ 186,367 $ 183,048 - ------------------------------------------------------------------ ------------------------------ --------------------------------- Real Property and Improvements - ------------------------------------------------------------------ ------------------------------ --------------------------------- Machinery and Equipment - ------------------------------------------------------------------ ------------------------------ --------------------------------- Furniture, Fixtures and Office Equipment - ------------------------------------------------------------------ ------------------------------ --------------------------------- Leasehold Improvements - ------------------------------------------------------------------ ------------------------------ --------------------------------- Vehicles - ------------------------------------------------------------------ ------------------------------ --------------------------------- Less Accumulated Depreciation - ------------------------------------------------------------------ ------------------------------ --------------------------------- TOTAL PROPERTY & EQUIPMENT $ 332,278 $ 345,187 - ------------------------------------------------------------------ ------------------------------ --------------------------------- OTHER ASSETS - ------------------------------------------------------------------ ------------------------------ --------------------------------- Loans to Insiders* - ------------------------------------------------------------------ ------------------------------ --------------------------------- Other Assets (attach schedule) 56,054 60,215 - ------------------------------------------------------------------ ------------------------------ --------------------------------- TOTAL OTHER ASSETS $ 56,054 $ 60,215 - ------------------------------------------------------------------ ------------------------------ --------------------------------- TOTAL ASSETS $ 574,699 $ 588,450 - ------------------------------------------------------------------ ------------------------------ --------------------------------- - ------------------------------------------------------------------ ------------------------------ --------------------------------- LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF BOOK VALUE ON PETITION CURRENT REPORTING MONTH DATE - ------------------------------------------------------------------ ------------------------------ --------------------------------- LIABILITIES NOT SUBJECT TO COMPROMISE (POST-PETITION) - ------------------------------------------------------------------ ------------------------------ --------------------------------- Accounts Payable (82,265) (162,593) - ------------------------------------------------------------------ ------------------------------ --------------------------------- Taxes Payable (refer to FORM MOR-4) - ------------------------------------------------------------------ ------------------------------ --------------------------------- Wages Payable - ------------------------------------------------------------------ ------------------------------ --------------------------------- Notes Payable (1,000) (236,060) - ------------------------------------------------------------------ ------------------------------ --------------------------------- Rent/Leases - Building/Equipment (149,718) (160,737) - ------------------------------------------------------------------ ------------------------------ --------------------------------- Secured Debt/Adequate Protection Payments - ------------------------------------------------------------------ ------------------------------ --------------------------------- Professional Fees - ------------------------------------------------------------------ ------------------------------ --------------------------------- Amounts Due to Insiders* - ------------------------------------------------------------------ ------------------------------ --------------------------------- Other Postpetition Liabilities (attach schedule) (136,982) (210,800) - ------------------------------------------------------------------ ------------------------------ --------------------------------- TOTAL POSTPETITION LIABILITIES $ (372,965) $ (797,190) - ------------------------------------------------------------------ ------------------------------ --------------------------------- LIABILITIES SUBJECT TO COMPROMISE (PRE-PETITION) - ------------------------------------------------------------------ ------------------------------ --------------------------------- Secured Debt (263,060) - ------------------------------------------------------------------ ------------------------------ --------------------------------- Priority Debt - ------------------------------------------------------------------ ------------------------------ --------------------------------- Unsecured Debt (171,958) - ------------------------------------------------------------------ ------------------------------ --------------------------------- TOTAL PRE-PETITION LIABILITIES $ (435,018) $ - - ------------------------------------------------------------------ ------------------------------ --------------------------------- - ------------------------------------------------------------------ ------------------------------ --------------------------------- TOTAL LIABILITIES $ (807,963) (797,190) - ------------------------------------------------------------------ ------------------------------ --------------------------------- OWNER EQUITY - ------------------------------------------------------------------ ------------------------------ --------------------------------- Capital Stock (300) (300) - ------------------------------------------------------------------ ------------------------------ --------------------------------- Additional Paid in Capital (384,800) (384,800) - ------------------------------------------------------------------ ------------------------------ --------------------------------- Partners' Capital Account - ------------------------------------------------------------------ ------------------------------ --------------------------------- Owner's Equity Account - ------------------------------------------------------------------ ------------------------------ --------------------------------- Retained Earnings - Pre-Petition 593,840 593,840 - ------------------------------------------------------------------ ------------------------------ --------------------------------- Retained Earnings - Post-Petition 24,544 - ------------------------------------------------------------------ ------------------------------ --------------------------------- Adjustments to Owner Equity (attach schedule) - ------------------------------------------------------------------ ------------------------------ --------------------------------- Postpetition Contributions (Distributions)(Draws)(attach schedule) - ------------------------------------------------------------------ ------------------------------ --------------------------------- NET OWNER EQUITY $ 233,2884 $ 208,740 - ------------------------------------------------------------------ ------------------------------ --------------------------------- - ------------------------------------------------------------------ ------------------------------ --------------------------------- TOTAL LIABILITIES AND OWNERS EQUITY $ (574,699) $ (588,450) - ------------------------------------------------------------------ ------------------------------ ---------------------------------
The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor Reporting Period: October 14, 2000 ----------------- BALANCE SHEET
- -------------------------------------------------------- ------------------------------------------- ------------------------------ BOOK VALUE AT END OF BOOK VALUE ON PETITION CURRENT REPORTING MONTH DATE OCTOBER 14, 2000 OCTOBER 2, 2000 - -------------------------------------------------------- ------------------------------------------- ------------------------------ OTHER CURRENT ASSETS - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ Other Assets - -------------------------------------------------------- ------------------------------------------- ------------------------------ Beneficial leases, net 43,802 48,026 - -------------------------------------------------------- ------------------------------------------- ------------------------------ Other assets 12,252 12,189 - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ Total 56,054 60,215 - -------------------------------------------------------- ------------------------------------------- ------------------------------ BOOK VALUE AT END OF BOOK VALUE ON PETITION LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH DATE - -------------------------------------------------------- ------------------------------------------- ------------------------------ Other Postpetition Liabilities - -------------------------------------------------------- ------------------------------------------- ------------------------------ Adverse leases, net (59,850) (61,079) - -------------------------------------------------------- ------------------------------------------- ------------------------------ Other noncurrent liabilities (77,132) (149,721) - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ Total (136,982) (210,800) - -------------------------------------------------------- ------------------------------------------- ------------------------------ Adjustments to Owner Equity - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ Postpetition Contributions (Distributions)(Draws) - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------ - -------------------------------------------------------- ------------------------------------------- ------------------------------
The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor Case No. 00-39613 (NW) STATEMENT OF OPERATIONS (Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.
- ----------------------------------------------------------------------------- -------------------------------- -------------------- REVENUES 28 days ended 12 days ended October 14, 2000 October 14, 2000 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Gross Revenues 145,544 62,376 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Less: Returns and Allowances - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Net Revenue 145,544 62,376 - ----------------------------------------------------------------------------- -------------------------------- -------------------- COST OF GOODS SOLD - ----------------------------------------------------------------------------- -------------------------------- -------------------- Beginning Inventory 118,671 116,875 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Add: Purchases 85,008 36,432 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Add: Cost of Labor - ----------------------------------------------------------------------------- -------------------------------- -------------------- Add: Other Costs (attach schedule) 1,999 857 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Less: Ending Inventory 115,530 115,530 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Cost of Goods Sold 107,849 46,221 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Gross Profit 37,695 16,155 - ----------------------------------------------------------------------------- -------------------------------- -------------------- OPERATING EXPENSES - ----------------------------------------------------------------------------- -------------------------------- -------------------- Advertising 1,561 669 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Auto and Truck Expense - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Bad Debts - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Contributions - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Employee Benefits Programs 2,770 1,187 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Insider Compensation - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Insurance 1,646 706 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Management Fees/Bonuses 102 44 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Office Expense - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Pension & Profit-Sharing Plans 197 85 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Repairs and Maintenance 1,937 830 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Rent and Lease Expense 3,839 1,645 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Salaries/Commissions/Fees 17,700 7,586 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Supplies 1,043 447 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Taxes-Payroll 1,447 620 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Taxes-Real Estate 879 377 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Taxes-Other - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Travel and Entertainment - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Utilities 3,962 1,698 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Other (attach schedule) 4,294 1,840 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Total Operating Expenses Before Depreciation 41,376 17,733 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Depreciation/Depletion/Amortization 142,819 1,327 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Net Profit (Loss) Before Other Income & Expenses (146,500) (2,905) - ----------------------------------------------------------------------------- -------------------------------- -------------------- OTHER INCOME AND EXPENSES - ----------------------------------------------------------------------------- -------------------------------- -------------------- Other Income (attach schedule) - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Interest Expense 4,107 1,760 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Other Expense (attach schedule) 2,701 1,157 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Net Profit (Loss) Before Reorganization Items (153,308) (5,823) - ----------------------------------------------------------------------------- -------------------------------- -------------------- REORGANIZATION ITEMS - ----------------------------------------------------------------------------- -------------------------------- -------------------- Professional Fees - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- U.S. Trustee Quarterly Fees - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet) - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Gain (Loss) from Sale of Equipment - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Other Reorganization Expenses (attach schedule) 1,662 713 - ----------------------------------------------------------------------------- -------------------------------- -------------------- Total Reorganization Expenses - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Income Taxes - - - ----------------------------------------------------------------------------- -------------------------------- -------------------- Net Profit (Loss) (154,970) (6,535) - ----------------------------------------------------------------------------- -------------------------------- --------------------
The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor STATEMENT OF OPERATIONS (Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.
- ----------------------------------------------- -------------------------------- -------------------------- OTHER COSTS OF GOODS SOLD 28 days ended 12 days ended October 14, 2000 October 14, 2000 - ----------------------------------------------- -------------------------------- -------------------------- TRUCKING 556 238 WAREHOUSING 2,564 1,099 S & G SERVICES 279 120 -------------------------------- -------------------------- TOTAL DISTRIBUTION 3,400 1,457 -------------------------------- -------------------------- ADVERTISING & PROMO ALLOWANCE (3,965) (1,699) SPECIALTY FOODS (63) (27) CASH DISCOUNTS (119) (51) STOCK GAIN OR (LOSS) - GROCERY 620 266 - LIQUOR - - - GEN MDSE 466 200 - PHARMACY (42) (18) - SHRINK PROJ 24 10 -------------------------------- -------------------------- TOTAL STOCK GAIN OR (LOSS) 1,068 458 -------------------------------- -------------------------- SPECIAL PROMOTIONS 2,056 881 -------------------------------- -------------------------- TRADING-MERCHANDISE (336) (144) - -MEAT (429) (184) - -PRODUCE (233) (100) - -SERVICE (18) (8) LABEL EXP/ALLOW - - VENDOR COUPONS (59) (25) STATISTICAL GROSS ADJUSTMENT 44 19 WHSE INV GAIN(LOSS)-GROCERY 50 21 PHARMACY THIRD PARTY REC ADJ 21 9 FREQUENT SHOPPER EXPENSE 283 121 CLIPLESS COUPON EXPENSE 127 54 ADVERTISING PROGRAMS - - -------------------------------- -------------------------- OTHER ADJ. TO GROSS MARGIN (552) (236) -------------------------------- -------------------------- LIFO PROVISION 175 75 -------------------------------- -------------------------- TOTAL OTHER COSTS OF GOODS SOLD 1,999 857 -------------------------------- --------------------------
The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor STATEMENT OF OPERATIONS (Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.
- --------------------------------------------------------- -------------------------------- -------------------------- OTHER OPERATING EXPENSES 28 days ended 40 days ended November 11, 2000 November 11, 2000 - --------------------------------------------------------- -------------------------------- -------------------------- CHARGE CARD EXPENSE 551 236 OTHER OPERATING EXPENSES - LIGHT REPAIRS & LAMP REPLACE 107 46 STORE DISBURSEMENTS 86 37 PENALTIES & FINES 15 6 BAD CHECKS 139 60 PREMISE SECURITY 105 45 LAUNDRY 52 22 CASH (OVER) SHORT 51 22 REFRIGERATION & WATER DAMAGE - - EQUIPMENT RENTAL 28 12 CASUALTY LOSS 124 53 SIGNS - - EXTERMINATING 9 4 SHOPPING CARTS 7 3 MISCELLANEOUS INCOME (253) (108) BANK SERVICE CHG/ARMORED CAR 261 112 CUSTOMER SERVICE CHARGES (7) (3) OTHER 149 64 TOTAL OTHER OPERATING EXPENSE 872 374 CAPITAL PROJECT EXPENSE 0 0 CORPORATE ADMIN EXPENSE 2,673 1,145 GRAND PROPERTIES 149 64 GRAND VIDEO - - CORPORATE COMMISSARY - - PRE-OPEN EXPENSE - - CLOSED STORE EXPENSE 49 21 TECHNOLOGY INITIATIVES - - MANAGEMENT FEE - - SUNDRY - - TOTAL OTHER OPERATING EXPENSES 4,294 1,840
Case No. 00-39613 (NW) ------------- STATEMENT OF OPERATIONS - CONTINUATION SHEET
- ------------------------------------------------------ -------------------------------- -------------------------- 28 days ended 12 days ended OTHER INCOME AND EXPENSES October 14, 2000 October 14, 2000 - ------------------------------------------------------ -------------------------------- -------------------------- LEASED/OWNED NORMALIZATION ITEMS (1,291) (553) BANK SERVICE CHARGES 19 8 GAIN/(LOSS) ON DISPOSAL OF FIXED ASSETS 36 15 SALES TAX COLLECTION COMMISSIONS (2) (1) SALES USE TAX 16 7 EXECUTIVE INCENTIVE PLAN 347 149 ADMINISTRATIVE PENSION 19 8 BOARD OF DIRECTORS FEES 114 49 BOARD OF DIRECTORS EXPENSES 33 14 OTHER 3,410 1,461 ------------- ------------ TOTAL OTHER INCOME AND EXPENSES 2,701 1,158 ============= ============
In re: Grand Union Case No. 00-39613 (NW) ----------- ------------- Debtor October 3-October 14 STATUS OF POSTPETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attached photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attached photocopies of any tax returns filed during the reporting period.
- -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- BEGINNING AMOUNT AMOUNT DATE PAID CHECK NO ENDING ------------- WITHHELD OR PAID OR EFT TAX TAX ACCRUED LIABILITY LIABILITY ================================ ============== ================= =============== =============== =============== ============== FEDERAL - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Withholding 0 2,956,070 2,956,070 10/1-10/13 EFT 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- FICA-Employee 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- FICA-Employer 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Unemployment 0 8,173 0 8,173 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Income 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Other: NJ Litter 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Total Federal Taxes 0 2,964,243 2,956,070 8,173 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- STATE AND LOCAL - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Withholding 0 396,933 12,773 VAR VAR 384,219 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Sales 0 1,052,938 0 1,052,938 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Excise 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Unemployment 0 36,510 0 36,510 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Real Property 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Personal Property 0 23,054 8,890 10/6 VAR 14,164 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Other: 0 4,480 0 4,480 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Total State and Local 0 1,513,977 21,663 1,492,213 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- TOTAL TAXES 0 4,478,220 2,977,733 1,500,486 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- SUMMARY OF UNPAID POSTPETITION DEBTS Attach aged listing of accounts payable. - -------------------------------- ----------------------------------------------------------------------------------------------- NUMBER OF DAYS PAST DUE ================================ ============== ================= =============== =============== =============== ============== Current 0-30 31-60 61-90 Over 90 Total - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Accounts Payable 0 3,758,000 0 0 0 3,758,000 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Wages Payable 0 3,339,000 0 0 0 3,339,000 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Taxes Payable 0 0 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Rent/Leases-Building 0 0 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Rent/Leases-Equipment 0 0 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Secured Debt/Adequate Protection Payments 0 0 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Professional Fees 0 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Amounts Due to Insiders* 0 0 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Other: 0 0 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Other: 0 0 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- TOTAL POSTPETITION DEBTS 0 7,097,000 0 0 0 7,097,000 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- --------------
EXPLAIN HOW AND WHEN THE DEBTOR INTENDS TO PAY ANY PAST-DUE POSTPETITION DEBTS. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- * "Insider" is defined in 11 U.S.C. Section 101(31) Form MOR (9/99) In re: The Grand Union Company Case No. 00-39613 (NW) ----------------------- ------------- Debtor Reporting Period: October 14, 2000 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
- ------------------------------------------------------------------------------- ------------------------------ Accounts Receivable Reconciliation Amount - ------------------------------------------------------------------------------- ------------------------------ Total Accounts Receivable at the beginning of the reporting period 29,139,779 - ------------------------------------------------------------------------------- ------------------------------ + Amounts billed during the period 62,115 - ------------------------------------------------------------------------------- ------------------------------ - - Amounts collected during the period (4,083,316) - ------------------------------------------------------------------------------- ------------------------------ Total Accounts Receivable at the end of the reporting period 24,954,978 - ------------------------------------------------------------------------------- ------------------------------ - ------------------------------------------------------------------------------- ------------------------------ Accounts Receivable Aging Amount - ------------------------------------------------------------------------------- ------------------------------ 0-30 days old 20,667,781 - ------------------------------------------------------------------------------- ------------------------------ 31-60 days old 1,116,666 - ------------------------------------------------------------------------------- ------------------------------ 61-90 days old 705,043 - ------------------------------------------------------------------------------- ------------------------------ 91 + days old 6,392,685 - ------------------------------------------------------------------------------- ------------------------------ Total Accounts Receivable 28,882,175 - ------------------------------------------------------------------------------- ------------------------------ Amount considered uncollectable (Bad Debt) (3,927,197) - ------------------------------------------------------------------------------- ------------------------------ Accounts Receivable (Net) 24,954,978 - ------------------------------------------------------------------------------- ------------------------------ - ------------------------------------------------------------------------------- ------------------------------
DEBTOR QUESTIONNAIRE
- -------------------------------------------------------------------------------- ------------------- --------------- Must be completed each month Yes No - -------------------------------------------------------------------------------- ------------------- --------------- 1. Have any assets been sold or transferred outside the normal course X of business this reporting period? If yes, provide an explanation below. - -------------------------------------------------------------------------------- ------------------- --------------- 2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an X explanation below. - -------------------------------------------------------------------------------- ------------------- --------------- 3. Have all postpetition tax returns been timely filed? If no, X provide an explanation below. - -------------------------------------------------------------------------------- ------------------- --------------- 4. Are workers compensation, general liability and other necessary X insurance coverages in effect? If no, provide an explanation below. - -------------------------------------------------------------------------------- ------------------- --------------- - -------------------------------------------------------------------------------- ------------------- ---------------
UNITED STATES BANKRUPTCY COURT _______________ DISTRICT OF ________________ IN: GRAND UNION CASE NO. 00-39613(NW) MONTHLY OPERATING REPORT (OCTOBER 15-NOVEMBER 11) FILE WITH COURT AND SUBMIT COPY TO UNITED STATES TRUSTEE WITHIN 20 DAYS AFTER END OF MONTH Submit copy of report to any official committee appointed in the case.
- --------------------------------------------------------- ---------------------- ----------------- -------------------- REQUIRED DOCUMENTS FORM NO. DOCUMENT EXPLANATION ATTACHED ATTACHED - --------------------------------------------------------- ---------------------- ----------------- -------------------- Schedule of Cash Receipts and Disbursements MOR-1 X - --------------------------------------------------------- ---------------------- ----------------- -------------------- Bank Reconciliation (or copies of debtor's bank MOR-1 (CONT) Sent to Trustee reconciliations) - --------------------------------------------------------- ---------------------- ----------------- -------------------- Copies of bank statements - --------------------------------------------------------- ---------------------- ----------------- -------------------- Cash disbursements journals - --------------------------------------------------------- ---------------------- ----------------- -------------------- Statement of Operations MOR-2 X - --------------------------------------------------------- ---------------------- ----------------- -------------------- Balance Sheet MOR-3 X - --------------------------------------------------------- ---------------------- ----------------- -------------------- Status of Postpetition Taxes MOR-4 X - --------------------------------------------------------- ---------------------- ----------------- -------------------- Copies of IRS Form 6123 or payment receipt - --------------------------------------------------------- ---------------------- ----------------- -------------------- Copies of tax returns filed during reporting period - --------------------------------------------------------- ---------------------- ----------------- -------------------- Summary of Unpaid Postpetition Debts MOR-4 X - --------------------------------------------------------- ---------------------- ----------------- -------------------- Listing of aged accounts payable - --------------------------------------------------------- ---------------------- ----------------- -------------------- Accounts Receivable Reconciliation and Aging MOR-5 X - --------------------------------------------------------- ---------------------- ----------------- -------------------- Debtor Questionnaire MOR-5 X - --------------------------------------------------------- ---------------------- ----------------- --------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. - --------------------------------------- ------------------------- Signature of Debtor Date - --------------------------------------- ------------------------- Signature of Joint Debtor Date /s/ Jeffrey P. Freimark - --------------------------------------- ------------------------- Signature of Authorized Individual* Date Jeffrey P. Freimark February 1, 2001 - --------------------------------------- ------------------------- Printed Name of Authorized Individual Date - ----------------------------- * Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. In re: GRAND UNION Case No. 00-39613 (NW) ----------- ------------- Debtor Reporting Period: November 11, 2000 ----------------- SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column must equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" column should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursement listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]
SEE ATTACHED DETAIL - ------------------------------- -------------------------------------- --- ---------------------- --- ------------------------------ BANK ACCOUNTS CURRENT MONTH CUMULATIVE FILING TO DATE OPER. PAYROLL TAX OTHER ACTUAL PROJECTED ACTUAL PROJECTED - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ CASH BEGINNING OF MONTH - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ RECEIPTS - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ CASH SALES - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ ACCOUNTS RECEIVABLE - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ LOANS AND ADVANCES - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ SALE OF ASSETS - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ OTHER (ATTACH LIST) - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ TRANSFERS (FROM DIP ACCTS) - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ TOTAL RECEIPTS - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ DISBURSEMENTS - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ NET PAYROLL - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ PAYROLL TAXES - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ SALES, USE & OTHER TAXES - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ INVENTORY PURCHASES - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ SECURED/RENTAL/LEASES - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ INSURANCE - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ ADMINISTRATIVE - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ SELLING - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ OTHER (ATTACH LIST) - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ OWNER DRAW* - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ TRANSFERS (TO DIP ACCTS) - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ PROFESSIONAL FEES - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ U.S. TRUSTEE QUARTERLY FEES - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ COURT COSTS - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ TOTAL DISBURSEMENTS - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ NET CASH FLOW - ------------------------------- --------- ----------- -------- ------- ---------- ----------- ----------------- ------------ CASH - END OF MONTH - ------------------------------- --------- ----------- -------- ------- --- ---------- ----------- --- ----------------- ------------
*COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE THE FOLLOWING SECTION MUST BE COMPLETED
- ------------------------------------------------------------------------------------------------ ------------------- DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN) - ------------------------------------------------------------------------------------------------ ------------------- TOTAL DISBURSEMENTS $ - ------------------------------------------------------------------------------------------------ ------------------- LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS $ - ------------------------------------------------------------------------------------------------ ------------------- PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCE (i.e. from escrow accounts) $ - ------------------------------------------------------------------------------------------------ ------------------- TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES $ - ------------------------------------------------------------------------------------------------ -------------------
THE GRAND UNION COMPANY - ----------------------- CONSOLIDATED STATEMENT OF CASH FLOWS - ------------------------------------ (dollars in thousands) - ---------------------- (unaudited) - -----------
---------------------------------- ---------------------------------- 4 Weeks 36 Days Ended Ended November 11, 2000 November 11, 2000 ---------------------------------- ---------------------------------- OPERATING ACTIVITIES: Net (loss) $ (10,412) $ (16,947) Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities before reorganization items paid: Unusual items 956 1,668 Cumulative effect of accounting change - - Extraordinary items - - Depreciation and amortization 3,684 5,011 Pension and other non-cash items 361 590 Deferred taxes - - Non-cash interest 156 222 Gain on sale of property - - Net changes in assets and liabilities: Receivables (890) 3,258 Inventories (4,173) (2,902) Other current assets 2,339 (4,333) Other assets 1,782 1,644 Accounts payable and accrued liabilities (1,195) 6,525 Other noncurrent liabilities 163 (2) ---------------------------------- ---------------------------------- Net cash provided by (used for) operating activities before reorganization items paid (7,229) (4,476) Reorganization items paid - - ---------------------------------- ---------------------------------- Net cash provided by (used for) operating activities (7,229) (4,476) ---------------------------------- ---------------------------------- INVESTMENT ACTIVITIES: Capital expenditures (1,168) (3,826) Proceeds from sale of property - - Disposals of property 88 108 ---------------------------------- ---------------------------------- Net cash provided by (used for) investment activities (1,080) (3,718) ---------------------------------- ---------------------------------- FINANCING ACTIVITIES: Proceeds from Revolving Credit Facility - 7,801 Proceeds from DIP facility 21,000 21,428 Repayment of Term Loan - (66) Repayment of Revolving Credit Facility - - Repayment of DIP Facility (13,000) (13,000) Auction Bid Escrow - - Obligations under capital leases discharged (361) (517) ---------------------------------- ---------------------------------- Net cash provided by (used for) financing activities 7,639 15,646 ---------------------------------- ---------------------------------- NET INCREASE (DECREASE) IN CASH (670) 7,452 CASH AT BEGINNING OF PERIOD 24,673 16,551 ---------------------------------- ---------------------------------- CASH AT END OF PERIOD $ 24,003 $ 24,003 ================================== ==================================
The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor Reporting Period: November 11, 2000 ----------------- BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
- ------------------------------------------------------------------ ----------------------------------- ---------------------------- ASSETS BOOK VALUE AT END OF BOOK VALUE ON PETITION CURRENT REPORTING MONTH DATE NOVEMBER 11, 2000 OCTOBER 2, 2000 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- CURRENT ASSETS - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Unrestricted Cash and Equivalents 24,003 31,222 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Restricted Cash and Cash Equivalents (see continuation sheet) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Accounts Receivable (Net) 25,845 29,140 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Notes Receivable - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Inventories 119,703 116,876 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Prepaid Expenses 18,870 5,810 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Professional Retainers - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Other Current Assets (attach schedule) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- TOTAL CURRENT ASSETS $ 188,421 $ 183,048 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- PROPERTY AND EQUIPMENT - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Real Property and Improvements - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Machinery and Equipment - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Furniture, Fixtures and Office Equipment - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Leasehold Improvements - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Vehicles - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Less Accumulated Depreciation - ------------------------------------------------------------------ ----------------------------------- ---------------------------- TOTAL PROPERTY & EQUIPMENT $ 330,043 $ 345,187 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- OTHER ASSETS - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Loans to Insiders* - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Other Assets (attached schedule) 53,395 60,215 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- TOTAL OTHER ASSETS $ 53,395 $ 60,215 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- - ------------------------------------------------------------------ ----------------------------------- ---------------------------- TOTAL ASSETS $ 571,859 $ 588,450 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- BOOK VALUE AT END OF BOOK VALUE ON PETITION LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH DATE - ------------------------------------------------------------------ ----------------------------------- ---------------------------- LIABILITIES NOT SUBJECT TO COMPROMISE (POST PETITION) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Accounts Payable (86,143) (162,593) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Taxes Payable (refer to FORM MOR-4) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Wages Payable - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Notes Payable (9,000) (236,060) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Rent/Leases - Building/Equipment (149,357) (160,737) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Secured Debt/Adequate Protection Payments - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Professional Fees - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Amounts Due to Insiders* - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Other Postpetition Liabilities (attach schedule) (136,959) (210,800) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- TOTAL POSTPETITION LIABILITIES $ (381,459) $ (797,190) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- LIABILITIES SUBJECT TO COMPROMISE (PRE-PETITION) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Secured Debt (263,060) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Priority Debt - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Unsecured Debt (171,036) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- TOTAL PRE-PETITION LIABILITIES $ (434,096) $ - ------------------------------------------------------------------ ----------------------------------- ---------------------------- - ------------------------------------------------------------------ ----------------------------------- ---------------------------- TOTAL LIABILITIES $ (815,555) $ (797,190) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- OWNER EQUITY - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Capital Stock (300) (300) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Additional Paid in Capital (384,800) (384,800) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Partners' Capital Account - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Owner's Equity Account - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Retained Earnings - Pre-Petition 593,840 593,840 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Retained Earnings - Post-Petition 34,956 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Adjustments to Owner Equity (attach schedule) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- Postpetition Contributions (Distributions)(Draws)(attach schedule) - ------------------------------------------------------------------ ----------------------------------- ---------------------------- NET OWNER EQUITY $ 243,696 $ 208,740 - ------------------------------------------------------------------ ----------------------------------- ---------------------------- - ------------------------------------------------------------------ ----------------------------------- ---------------------------- TOTAL LIABILITIES AND OWNERS EQUITY $ (571,859) $ (588,450) - ------------------------------------------------------------------ ----------------------------------- ----------------------------
The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor Reporting Period: November 11, 2000 ----------------- BALANCE SHEET
- ------------------------------------------------------ ------------------------------------------- ------------------------------- ASSETS BOOK VALUE AT END OF BOOK VALUE ON PETITION CURRENT REPORTING MONTH DATE NOVEMBER 11, 2000 OCTOBER 2, 2000 - ------------------------------------------------------ ------------------------------------------- ------------------------------- OTHER CURRENT ASSETS - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- Other Assets - ------------------------------------------------------ ------------------------------------------- ------------------------------- Excess reorganization value, net - - - ------------------------------------------------------ ------------------------------------------- ------------------------------- Beneficial leases, net 43,081 48,026 - ------------------------------------------------------ ------------------------------------------- ------------------------------- Deferred tax asset - - - ------------------------------------------------------ ------------------------------------------- ------------------------------- Other assets 10,314 12,189 - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- BOOK VALUE AT END OF BOOK VALUE ON PETITION LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH DATE - ------------------------------------------------------ ------------------------------------------- ------------------------------- Other Postpetition Liabilities - ------------------------------------------------------ ------------------------------------------- ------------------------------- Adverse leases, net (59,498) (61,079) - ------------------------------------------------------ ------------------------------------------- ------------------------------- Other noncurrent liabilities (77,461) (149,721) - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- Adjustments to Owner Equity - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- Postpetition Contributions (Distributions)(Draws) - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- ------------------------------- - ------------------------------------------------------ ------------------------------------------- -------------------------------
The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor Reporting Period: 4 weeks ended November 11, 2000 ------------------------------- STATEMENT OF OPERATIONS (Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.
- ---------------------------------------------------------------------------- -------------------------------- --------------------- REVENUES 28 days ended 40 days ended November 11, 2000 November 11, 2000 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Gross Revenues 145,299 207,675 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Less: Returns and Allowances - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Net Revenue 145,299 207,675 - ---------------------------------------------------------------------------- -------------------------------- --------------------- COST OF GOODS SOLD - ---------------------------------------------------------------------------- -------------------------------- --------------------- Beginning Inventory 115,530 116,875 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Add: Purchases 110,640 154,658 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Add: Cost of Labor - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Add: Other Costs (attach schedule) 1,074 1,931 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Less: Ending Inventory 119,703 119,703 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Cost of Goods Sold 107,541 153,762 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Gross Profit 37,758 53,913 - ---------------------------------------------------------------------------- -------------------------------- --------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------- -------------------------------- --------------------- Advertising 1,569 2,238 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Auto and Truck Expense - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Bad Debts - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Contributions - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Employee Benefits Programs 2,772 3,959 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Insider Compensation - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Insurance 1,639 2,344 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Management Fees/Bonuses - 44 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Office Expense - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Pension & Profit-Sharing Plans 197 282 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Repairs and Maintenance 1,546 2,376 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Rent and Lease Expense 3,877 5,522 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Salaries/Commissions/Fees 18,078 25,664 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Supplies 1,051 1,499 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Taxes-Payroll 1,484 2,104 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Taxes-Real Estate 870 1,246 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Taxes-Other - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Travel and Entertainment - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Utilities 3,366 5,064 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Other (attach schedule) 4,172 6,012 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Total Operating Expenses Before Depreciation 40,621 58,355 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Depreciation/Depletion/Amortization 3,065 22,401 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Net Profit (Loss) Before Other Income & Expenses (5,928) (26,843) - ---------------------------------------------------------------------------- -------------------------------- --------------------- OTHER INCOME AND EXPENSES - ---------------------------------------------------------------------------- -------------------------------- --------------------- Other Income (attach schedule) - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Interest Expense 4,303 6,064 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Other Expense (attach schedule) (776) 382 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Net Profit (Loss) Before Reorganization Items (9,456) (33,288) - ---------------------------------------------------------------------------- -------------------------------- --------------------- REORGANIZATION ITEMS - ---------------------------------------------------------------------------- -------------------------------- --------------------- Professional Fees - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- U.S. Trustee Quarterly Fees - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet) - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Gain (Loss) from Sale of Equipment - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Other Reorganization Expenses (attach schedule) 956 1,669 - ---------------------------------------------------------------------------- -------------------------------- --------------------- Total Reorganization Expenses - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Income Taxes - - - ---------------------------------------------------------------------------- -------------------------------- --------------------- Net Profit (Loss) (10,412) (34,957) - ---------------------------------------------------------------------------- -------------------------------- ---------------------
The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor Reporting Period: 4 weeks ended November 11, 2000 ------------------------------- STATEMENT OF OPERATIONS - CONTINUATION SHEET
- ------------------------------------------------------------------- -------------------------------- -------------------------- OTHER COSTS OF GOODS SOLD 28 days ended 40 days ended November 11, 2000 November 11, 2000 - ------------------------------------------------------------------- -------------------------------- -------------------------- TRUCKING 590 828 WAREHOUSING 3,125 4,224 S & G SERVICES 264 383 TOTAL DISTRIBUTION 3,978 5,435 ADVERTISING & PROMO ALLOWANCE (4,914) (6,613) SPECIALTY FOODS (51) (78) CASH DISCOUNTS (218) (269) STOCK GAIN OR (LOSS) - GROCERY 319 585 - LIQUOR (4) (4) - GEN MDSE 359 558 - PHARMACY (25) (43) - SHRINK PROJ 25 35 TOTAL STOCK GAIN OR (LOSS) 674 1,131 SPECIAL PROMOTIONS 1,926 2,807 TRADING-MERCHANDISE (222) (366) - -MEAT (302) (486) - -PRODUCE (245) (345) - -SERVICE (18) (26) LABEL EXP/ALLOW - - VENDOR COUPONS (40) (66) STATISTICAL GROSS ADJUSTMENT 44 62 WHSE INV GAIN(LOSS)-GROCERY 50 71 PHARMACY THIRD PARTY REC ADJ 22 31 FREQUENT SHOPPER EXPENSE 294 415 CLIPLESS COUPON EXPENSE 97 152 ADVERTISING PROGRAMS - - OTHER ADJ. TO GROSS MARGIN (321) (558) LIFO PROVISION - 75 TOTAL OTHER COSTS OF GOODS SOLD 1,074 1,931
The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor Reporting Period: 4 weeks ended November 11, 2000 ------------------------------- STATEMENT OF OPERATIONS - CONTINUATION SHEET
- --------------------------------------------------------- -------------------------------- -------------------------- 28 days ended 40 days ended OTHER OPERATING EXPENSES November 11, 2000 November 11, 2000 - --------------------------------------------------------- -------------------------------- -------------------------- CHARGE CARD EXPENSE 491 727 OTHER OPERATING EXPENSES LIGHT REPAIRS & LAMP REPLACE 73 119 STORE DISBURSEMENTS 84 121 PENALTIES & FINES 11 17 BAD CHECKS 123 183 PREMISE SECURITY 124 169 LAUNDRY 80 101 CASH (OVER) SHORT 67 88 REFRIGERATION & WATER DAMAGE 3 3 EQUIPMENT RENTAL 28 41 CASUALTY LOSS 18 70 SIGNS 0 0 EXTERMINATING 8 12 SHOPPING CARTS 8 11 MISCELLANEOUS INCOME (263) (371) BANK SERVICE CHG/ARMORED CAR 235 347 CUSTOMER SERVICE CHARGES 0 (3) OTHER 204 267 TOTAL OTHER OPERATING EXPENSE 802 1,176 CAPITAL PROJECT EXPENSE - 0 CORPORATE ADMIN EXPENSE 2,673 3,819 GRAND PROPERTIES 116 180 GRAND VIDEO - - CORPORATE COMMISSARY - - PRE-OPEN EXPENSE 0 0 CLOSED STORE EXPENSE 90 110 TECHNOLOGY INITIATIVES - - MANAGEMENT FEE - - SUNDRY - - TOTAL OTHER OPERATING EXPENSES 4,172 6,012
The Grand Union Company Case No. 00-39613 (NW) - ----------------------- ------------- Debtor Reporting Period: 4 weeks ended November 11, 2000 ------------------------------- STATEMENT OF OPERATIONS - CONTINUATION SHEET
- ------------------------------------------------------------------- -------------------------------- -------------------------- 28 days ended 40 days ended OTHER INCOME AND EXPENSES November 11, 2000 November 11, 2000 - ------------------------------------------------------------------- -------------------------------- -------------------------- LEASED/OWNED NORMALIZATION ITEMS (1,293) (1,846) BANK SERVICE CHARGES 18 26 GAIN/(LOSS) ON DISPOSAL OF FIXED ASSETS 83 98 SALES TAX COLLECTION COMMISSIONS (2) (3) SALES USE TAX 10 17 EXECUTIVE INCENTIVE PLAN 347 496 ADMINISTRATIVE PENSION 19 27 BOARD OF DIRECTORS FEES 114 163 BOARD OF DIRECTORS EXPENSES 33 47 OTHER (105) 1,356 ------------- ------------ TOTAL OTHER INCOME AND EXPENSES (776) 382 ============= ============
In re: Grand Union Case No. 00-39613 (NW) ----------- ------------- Debtor October 15-November 11 STATUS OF POSTPETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attached photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attached photocopies of any tax returns filed during the reporting period.
- --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- BEGINNING AMOUNT AMOUNT DATE PAID CHECK NO ENDING TAX WITHHELD OR PAID OR EFT TAX LIABILITY ACCRUED LIABILITY ================================= ============== ================= =============== =============== =============== ============== FEDERAL - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Withholding 0 5,822,501 5,822,501 10/20-11/10 EFT 0 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- FICA-Employee 0 0 0 0 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- FICA-Employer 0 0 0 0 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Unemployment 8,173 15,502 0 23,675 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Income 0 0 0 0 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Other: NJ Litter 0 0 0 0 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Total Federal Taxes 8,173 5,838,003 5,822,501 23,675 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- STATE AND LOCAL - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Withholding 384,219 641,140 699,188 VAR VAR 326,171 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Sales 1,052,938 2,087,974 1,409,081 VAR VAR 1,731,830 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Excise 0 0 0 0 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Unemployment 36,510 70,848 39,891 11/3 67,467 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Real Property 0 0 0 0 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Personal Property 14,164 23,054 12,075 VAR VAR 25,141 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Other: 4,480 9,062 0 13,542 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Total State and Local 1,492,312 2,832,081 2,160,236 2,164,157 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- TOTAL TAXES 1,500,486 8,670,084 7,982,737 2,187,833 - --------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- SUMMARY OF UNPAID POSTPETITION DEBTS Attach aged listing of accounts payable. - ------------------------------------------ ---------------------------------------------------------------------------------------- NUMBER OF DAYS PAST DUE ========================================== ========== =============== =============== =============== =============== ============= Current 0-30 31-60 61-90 Over 90 Total - ------------------------------------------ ---------- --------------- --------------- --------------- --------------- ------------- Accounts Payable 0 29,193,000 (449,000) 0 0 28,744,000 - ------------------------------------------ ---------- --------------- --------------- --------------- --------------- ------------- Wages Payable 0 3,453,000 0 0 0 3,453,000 - ------------------------------------------ ---------- --------------- --------------- --------------- --------------- ------------- Taxes Payable 0 0 0 0 0 0 - ------------------------------------------ ---------- --------------- --------------- --------------- --------------- ------------- Rent/Leases-Building 0 0 0 0 0 0 - ------------------------------------------ ---------- --------------- --------------- --------------- --------------- ------------- Rent/Leases-Equipment 0 0 0 0 0 0 - ------------------------------------------ ---------- --------------- --------------- --------------- --------------- ------------- Secured Debt/Adequate Protection Payments 0 0 0 0 0 0 - ------------------------------------------ ---------- --------------- --------------- --------------- --------------- ------------- Professional Fees 0 1,144,595 0 0 0 1,144,595 - ------------------------------------------ ---------- --------------- --------------- --------------- --------------- ------------- Amounts Due to Insiders* 0 0 0 0 0 0 - ------------------------------------------ ---------- --------------- --------------- --------------- --------------- ------------- Other: 0 0 0 0 0 0 - ------------------------------------------ ---------- --------------- --------------- --------------- --------------- ------------- Other: 0 0 0 0 0 0 - ------------------------------------------ ---------- --------------- --------------- --------------- --------------- ------------- TOTAL POSTPETITION DEBTS 0 33,790,595 (449,000) 0 0 33,341,595 - ------------------------------------------ ---------- --------------- --------------- --------------- --------------- -------------
EXPLAIN HOW AND WHEN THE DEBTOR INTENDS TO PAY ANY PAST-DUE POSTPETITION DEBTS. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- * "Insider" is defined in 11 U.S.C. Section 101(31) In re: Grand Union Case No. 00-39613 (NW) ----------- ------------- Debtor Reporting Period: November 11, 2000 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
- --------------------------------------------------------------------------------------------------------- ------------------------- Accounts Receivable Reconciliation Amount - --------------------------------------------------------------------------------------------------------- ------------------------- Total Accounts Receivable at the beginning of the reporting period 24,954,978 - --------------------------------------------------------------------------------------------------------- ------------------------- + Amounts billed during the period 3,414,794 - --------------------------------------------------------------------------------------------------------- ------------------------- - - Amounts collected during the period (2,524,523) - --------------------------------------------------------------------------------------------------------- ------------------------- Total Accounts Receivable at the end of the reporting period 25,845,249 - --------------------------------------------------------------------------------------------------------- ------------------------- - --------------------------------------------------------------------------------------------------------- ------------------------- - --------------------------------------------------------------------------------------------------------- ------------------------- Accounts Receivable Aging Amount - --------------------------------------------------------------------------------------------------------- ------------------------- 0-30 days old 22,411,414 - --------------------------------------------------------------------------------------------------------- ------------------------- 31-60 days old 1,155,305 - --------------------------------------------------------------------------------------------------------- ------------------------- 61-90 days old 578,752 - --------------------------------------------------------------------------------------------------------- ------------------------- 91 + days old 5,626,975 - --------------------------------------------------------------------------------------------------------- ------------------------- Total Accounts Receivable 29,772,446 - --------------------------------------------------------------------------------------------------------- ------------------------- Amount considered uncollectable (Bad Debt) (3,927,197) - --------------------------------------------------------------------------------------------------------- ------------------------- Accounts Receivable (Net) 25,845,249 - --------------------------------------------------------------------------------------------------------- ------------------------- - --------------------------------------------------------------------------------------------------------- ------------------------- DEBTOR QUESTIONNAIRE - -------------------------------------------------------------------------------- ------------------------ ------------------------- Must be completed each month Yes No - -------------------------------------------------------------------------------- ------------------------ ------------------------- 5. Have any assets been sold or transferred outside the normal course X of business this reporting period? If yes, provide an explanation below. - -------------------------------------------------------------------------------- ------------------------ ------------------------- 6. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an X explanation below. - -------------------------------------------------------------------------------- ------------------------ ------------------------- 7. Have all postpetition tax returns been timely filed? If no, X provide an explanation below. - -------------------------------------------------------------------------------- ------------------------ ------------------------- 8. Are workers compensation, general liability and other necessary X insurance coverages in effect? If no, provide an explanation below. - -------------------------------------------------------------------------------- ------------------------ ------------------------- - -------------------------------------------------------------------------------- ------------------------ -------------------------
UNITED STATES BANKRUPTCY COURT _______________ DISTRICT OF ________________ IN: GRAND UNION CASE NO. 00-39613 (NW) ------------------------ ---------------- DEBTOR MONTHLY OPERATING REPORT (NOVEMBER 12-DECEMBER 9) FILE WITH COURT AND SUBMIT COPY TO UNITED STATES TRUSTEE WITHIN 20 DAYS AFTER END OF MONTH Submit copy of report to any official committee appointed in the case.
- ------------------------------------------------------------------ ---------------------- ----------------- -------------------- DOCUMENT EXPLANATION REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Schedule of Cash Receipts and Disbursements MOR-1 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Bank Reconciliation (or copies of debtor's bank MOR-1 (CONT) X Sent to Trustee reconciliations) - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Copies of bank statements - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Cash disbursements journals - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Statement of Operations MOR-2 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Balance Sheet MOR-3 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Status of Postpetition Taxes MOR-4 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Copies of IRS Form 6123 or payment receipt - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Copies of tax returns filed during reporting period - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Summary of Unpaid Postpetition Debts MOR-4 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Listing of aged accounts payable - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Accounts Receivable Reconciliation and Aging MOR-5 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Debtor Questionnaire MOR-5 X - ------------------------------------------------------------------ ---------------------- ----------------- --------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. - --------------------------------------- ------------------------- Signature of Debtor Date - --------------------------------------- ------------------------- Signature of Joint Debtor Date /s/ Jeffrey P. Freimark - --------------------------------------- ------------------------- Signature of Authorized Individual* Date Jeffrey P. Freimark February 1, 2001 - --------------------------------------- ------------------------- Printed Name of Authorized Individual Date - ----------------------------------- * Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. In re: GRAND UNION Case No. 00-39613 (NW) ----------- ------------- Debtor Reporting Period: December 09, 2000 ----------------- SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column must equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" column should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursement listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]
SEE ATTACHED DETAIL - ------------------------------- -------------------------------------------- ------------------------- ---------------------------- BANK ACCOUNTS CURRENT MONTH CUMULATIVE FILING TO DATE OPER. PAYROLL TAX OTHER ACTUAL PROJECTED ACTUAL PROJECTED - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ CASH BEGINNING OF MONTH - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ RECEIPTS - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ CASH SALES - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ ACCOUNTS RECEIVABLE - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ LOANS AND ADVANCES - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ SALE OF ASSETS - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ OTHER (ATTACH LIST) - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ TRANSFERS (FROM DIP ACCTS) - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ TOTAL RECEIPTS - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ DISBURSEMENTS - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ NET PAYROLL - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ PAYROLL TAXES - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ SALES, USE & OTHER TAXES - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ INVENTORY PURCHASES - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ SECURED/RENTAL/LEASES - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ INSURANCE - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ ADMINISTRATIVE - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ SELLING - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ OTHER (ATTACH LIST) - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ OWNER DRAW* - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ TRANSFERS (TO DIP ACCTS) - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ PROFESSIONAL FEES - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ U.S. TRUSTEE QUARTERLY FEES - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ COURT COSTS - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ TOTAL DISBURSEMENTS - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ NET CASH FLOW - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ CASH - END OF MONTH - ------------------------------- --------- -------------- -------- ---------- ------------ ------------ --------------- ------------ *COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE THE FOLLOWING SECTION MUST BE COMPLETED - --------------------------------------------------------------------------------------------------------- ------------------- DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN) - --------------------------------------------------------------------------------------------------------- ------------------- TOTAL DISBURSEMENTS $ - --------------------------------------------------------------------------------------------------------- ------------------- LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS $ - --------------------------------------------------------------------------------------------------------- ------------------- PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCE (i.e. from escrow accounts) $ - --------------------------------------------------------------------------------------------------------- ------------------- TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES $ - --------------------------------------------------------------------------------------------------------- ------------------- Form MOR (9/99)
THE GRAND UNION COMPANY - ----------------------- CONSOLIDATED STATEMENT OF CASH FLOWS - ------------------------------------ (dollars in thousands) - ---------------------- (unaudited) - -----------
------------------------------ --------------------------- 4 Weeks 64 Days Ended Ended December 9, 2000 December 9, 2000 ------------------------------ --------------------------- OPERATING ACTIVITIES: Net (loss) $ (17,848) $ (34,795) Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities before reorganization items paid: Unusual items 1,804 3,472 Cumulative effect of accounting change - - Extraordinary items - - Depreciation and amortization 5,748 10,759 Pension and other non-cash items 361 951 Deferred taxes - - Non-cash interest 156 378 Gain on sale of property - - Net changes in assets and liabilities: Receivables (1,400) 1,858 Inventories 8,911 6,009 Other current assets (7,709) (12,042) Other assets (1,170) 474 Accounts payable and accrued liabilities 10,009 16,534 Other noncurrent liabilities 7 5 ------------------------------ --------------------------- Net cash provided by (used for) operating activities before reorganization items paid (1,131) (5,607) Reorganization items paid - - ------------------------------ --------------------------- Net cash provided by (used for) operating activities (1,131) (5,607) ------------------------------ --------------------------- INVESTMENT ACTIVITIES: Capital expenditures (186) (4,012) Proceeds from sale of property - - Disposals of property 90 198 ------------------------------ --------------------------- Net cash provided by (used for) investment activities (96) (3,814) ------------------------------ --------------------------- FINANCING ACTIVITIES: Proceeds from Revolving Credit Facility - 7,801 Proceeds from DIP facility 20,000 41,428 Repayment of Term Loan - (66) Repayment of Revolving Credit Facility - - Repayment of DIP Facility (15,000) (28,000) Auction Bid Escrow 32,810 32,810 Obligations under capital leases discharged (356) (873) ------------------------------ --------------------------- Net cash provided by (used for) financing activities 37,454 53,100 ------------------------------ --------------------------- NET INCREASE (DECREASE) IN CASH 36,227 43,679 CASH AT BEGINNING OF PERIOD 24,003 16,551 ------------------------------ --------------------------- CASH AT END OF PERIOD $ 60,230 $ 60,230 ============================== ===========================
BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
- ----------------------------------------------------------------------- ---------------------------- ------------------------------ ASSETS BOOK VALUE AT END OF BOOK VALUE ON PETITION CURRENT REPORTING MONTH DATE - ----------------------------------------------------------------------- ---------------------------- ------------------------------ DECEMBER 9, 2000 OCTOBER 2, 2000 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ CURRENT ASSETS - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Unrestricted Cash and Equivalents 59,922 31,222 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Restricted Cash and Cash Equivalents (see continuation sheet) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Accounts Receivable (Net) 27,553 29,140 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Notes Receivable - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Inventories 110,792 116,876 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Prepaid Expenses 26,579 5,810 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Professional Retainers - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Other Current Assets (attach schedule) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL CURRENT ASSETS $ 224,846 $ 183,048 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ PROPERTY AND EQUIPMENT - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Real Property and Improvements - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Machinery and Equipment - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Furniture, Fixtures and Office Equipment - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Leasehold Improvements - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Vehicles - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Less Accumulated Depreciation - ----------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL PROPERTY & EQUIPMENT $ 324,770 $ 345,187 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ OTHER ASSETS - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Loans to Insiders* - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Other Assets (attached schedule) 54,698 60,215 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL OTHER ASSETS $ 54,698 $ 60,215 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ - ----------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL ASSETS $ 604,314 $ 588,450 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ - ----------------------------------------------------------------------- ---------------------------- ------------------------------ LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF BOOK VALUE ON PETITION CURRENT REPORTING MONTH DATE - ----------------------------------------------------------------------- ---------------------------- ------------------------------ LIABILITIES NOT SUBJECT TO COMPROMISE (POST-PETITION) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Accounts Payable (132,447) (162,593) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Taxes Payable (refer to FORM MOR-4) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Wages Payable - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Notes Payable (14,000) (263,060) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Rent/Leases - Building/Equipment (149,010) (160,737) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Secured Debt/Adequate Protection Payments - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Professional Fees - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Amounts Due to Insiders* - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Other Postpetition Liabilities (attach schedule) (136,938) (210,800) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL POSTPETITION LIABILITIES $ (432,425) $ (797,190) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ LIABILITIES SUBJECT TO COMPROMISE (PRE-PETITION) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Secured Debt (263,060) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Priority Debt - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Unsecured Debt (170,373) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL PRE-PETITION LIABILITIES $ (433,433) $ - ----------------------------------------------------------------------- ---------------------------- ------------------------------ - ----------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL LIABILITIES $ (865,858) (797,190) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ OWNER EQUITY - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Capital Stock (300) (300) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Additional Paid in Capital (384,800) (384,800) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Partners' Capital Account - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Owner's Equity Account - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Retained Earnings - Pre-Petition 593,840 593,840 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Retained Earnings - Post-Petition 52,804 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Adjustments to Owner Equity (attach schedule) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ Postpetition Contributions (Distributions)(Draws)(attach schedule) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ NET OWNER EQUITY $ 261,544 $ 208,740 - ----------------------------------------------------------------------- ---------------------------- ------------------------------ - ----------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL LIABILITIES AND OWNERS EQUITY $ (604,314) $ (588,450) - ----------------------------------------------------------------------- ---------------------------- ------------------------------ FORM MOR
BALANCE SHEET - --------------------------------------------------------------- -------------------------------------- ---------------------------- ASSETS BOOK VALUE AT END OF BOOK VALUE ON PETITION CURRENT REPORTING MONTH DATE - --------------------------------------------------------------- -------------------------------------- ---------------------------- DECEMBER 9, 2000 OCTOBER 2, 2000 - --------------------------------------------------------------- -------------------------------------- ---------------------------- OTHER CURRENT ASSETS - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- Other Assets - --------------------------------------------------------------- -------------------------------------- ---------------------------- Beneficial leases, net 42,360 48,026 - --------------------------------------------------------------- -------------------------------------- ---------------------------- Other assets 12,338 12,189 - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- BOOK VALUE AT END OF BOOK VALUE ON PETITION LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH DATE - --------------------------------------------------------------- -------------------------------------- ---------------------------- Other Postpetition Liabilities - --------------------------------------------------------------- -------------------------------------- ---------------------------- Adverse leases, net (59,147) (61,079) - --------------------------------------------------------------- -------------------------------------- ---------------------------- Other noncurrent liabilities (77,791) (149,721) - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- Adjustments to Owner Equity - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- Postpetition Contributions (Distributions)(Draws) - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ---------------------------- - --------------------------------------------------------------- -------------------------------------- ----------------------------
STATEMENT OF OPERATIONS (Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.
- ------------------------------------------------------------------------------ --------------------------- ------------------------ REVENUES 28 days ended 68 days ended December 9, 2000 December 9, 2000 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Gross Revenues 142,702 350,377 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Less: Returns and Allowances - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Net Revenue 142,702 350,377 - ------------------------------------------------------------------------------ --------------------------- ------------------------ COST OF GOODS SOLD - ------------------------------------------------------------------------------ --------------------------- ------------------------ Beginning Inventory 119,703 116,875 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Add: Purchases 97,777 252,436 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Add: Cost of Labor - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Add: Other Costs (attach schedule) 2,070 4,001 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Less: Ending Inventory 110,792 110,792 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Cost of Goods Sold 108,759 262,520 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Gross Profit 33,943 87,856 - ------------------------------------------------------------------------------ --------------------------- ------------------------ OPERATING EXPENSES - ------------------------------------------------------------------------------ --------------------------- ------------------------ Advertising 1,433 3,672 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Auto and Truck Expense - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Bad Debts - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Contributions - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Employee Benefits Programs 2,768 6,728 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Insider Compensation - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Insurance 1,629 3,973 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Management Fees/Bonuses - 44 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Office Expense - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Pension & Profit-Sharing Plans 197 478 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Repairs and Maintenance 1,851 4,228 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Rent and Lease Expense 3,891 9,413 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Salaries/Commissions/Fees 17,581 43,244 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Supplies 974 2,473 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Taxes-Payroll 1,404 3,508 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Taxes-Real Estate 884 2,130 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Taxes-Other - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Travel and Entertainment - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Utilities 3.047 8,111 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Other (attach schedule) 5,429 11,441 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Total Operating Expenses Before Depreciation 41,090 99,444 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Depreciation/Depletion/Amortization 5,289 27,690 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Net Profit (Loss) Before Other Income & Expenses (12,436) (39,278) - ------------------------------------------------------------------------------ --------------------------- ------------------------ OTHER INCOME AND EXPENSES - ------------------------------------------------------------------------------ --------------------------- ------------------------ Other Income (attach schedule) - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Interest Expense 4,511 10,575 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Other Expense (attach schedule) (903) (521) - ------------------------------------------------------------------------------ --------------------------- ------------------------ Net Profit (Loss) Before Reorganization Items (16,044) (49,332) - ------------------------------------------------------------------------------ --------------------------- ------------------------ REORGANIZATION ITEMS - ------------------------------------------------------------------------------ --------------------------- ------------------------ Professional Fees - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ U.S. Trustee Quarterly Fees - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet) - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Gain (Loss) from Sale of Equipment - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Other Reorganization Expenses (attach schedule) 1,804 3,473 - ------------------------------------------------------------------------------ --------------------------- ------------------------ Total Reorganization Expenses - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Income Taxes - - - ------------------------------------------------------------------------------ --------------------------- ------------------------ Net Profit (Loss) (17,848) (52,805) - ------------------------------------------------------------------------------ --------------------------- ------------------------
STATEMENT OF OPERATIONS - CONTINUATION SHEET - ------------------------------------------------------------------ -------------------------------- -------------------------- OTHER COSTS OF GOODS SOLD 28 days ended 68 days ended December 9, 2000 December 9, 2000 - ------------------------------------------------------------------ -------------------------------- -------------------------- TRUCKING 1,325 2,153 WAREHOUSING 3,403 7,627 S & G SERVICES 290 673 ---------------------- ---------------------- TOTAL DISTRIBUTION 5,018 10,453 ADVERTISING & PROMO ALLOWANCE (4,778) (11,391) SPECIALTY FOODS (67) (145) CASH DISCOUNTS (316) (585) STOCK GAIN OR (LOSS) - GROCERY 854 1,440 - -LIQUOR (0) (4) - -GEN MDSE 323 881 - -PHARMACY (21) (64) - -SHRINK PROJ 25 60 ---------------------- ---------------------- TOTAL STOCK GAIN OR (LOSS) 1,181 2,312 ---------------------- ---------------------- SPECIAL PROMOTIONS 1,125 3,932 ---------------------- ---------------------- TRADING-MERCHANDISE (347) (714) - -MEAT (198) (684) - -PRODUCE (259) (604) - -SERVICE (18) (45) LABEL EXP/ALLOW - - VENDOR COUPONS (57) (123) STATISTICAL GROSS ADJUSTMENT 43 105 WHSE INV GAIN(LOSS)-GROCERY 50 121 PHARMACY THIRD PARTY REC ADJ 21 52 FREQUENT SHOPPER EXPENSE 457 871 CLIPLESS COUPON EXPENSE 217 368 ADVERTISING PROGRAMS - - ---------------------- ---------------------- OTHER ADJ. TO GROSS MARGIN (92) (650) ---------------------- ---------------------- LIFO PROVISION - 75 ---------------------- ---------------------- TOTAL OTHER COSTS OF GOODS SOLD 2,070 4,001 ====================== ======================
STATEMENT OF OPERATIONS - CONTINUATION SHEET - --------------------------------------------------------------------- -------------------------------- -------------------------- 28 days ended 40 days ended OTHER OPERATING EXPENSES December 9, 2000 December 9, 2000 - --------------------------------------------------------------------- -------------------------------- -------------------------- CHARGE CARD EXPENSE 544 1,271 OTHER OPERATING EXPENSES LIGHT REPAIRS & LAMP REPLACE 63 182 STORE DISBURSEMENTS 80 201 PENALTIES & FINES 15 32 BAD CHECKS 60 243 PREMISE SECURITY 155 324 LAUNDRY 12 114 CASH (OVER) SHORT 47 135 REFRIGERATION & WATER DAMAGE 1 4 EQUIPMENT RENTAL 19 60 CASUALTY LOSS 5 76 SIGNS 1 1 EXTERMINATING 4 16 SHOPPING CARTS 10 21 MISCELLANEOUS INCOME (176) (547) BANK SERVICE CHG/ARMORED CAR 104 451 CUSTOMER SERVICE CHARGES - (3) OTHER 124 391 ---------------------- ---------------------- TOTAL OTHER OPERATING EXPENSE 525 1,701 ---------------------- ---------------------- CAPITAL PROJECT EXPENSE - 0 CORPORATE ADMIN EXPENSE 2,669 6,448 GRAND PROPERTIES 117 297 GRAND VIDEO - - CORPORATE COMMISSARY - - PRE-OPEN EXPENSE - 0 CLOSED STORE EXPENSE 1,575 1,685 TECHNOLOGY INITIATIVES - - MANAGEMENT FEE - - SUNDRY - - ---------------------- ---------------------- TOTAL OTHER OPERATING EXPENSES 5,429 11,441 ====================== ======================
STATEMENT OF OPERATIONS - CONTINUATION SHEET - ----------------------------------------------------------------- -------------------------------- -------------------------- 28 days ended 40 days ended OTHER INCOME AND EXPENSES December 9, 2000 December 9, 2000 - ----------------------------------------------------------------- -------------------------------- -------------------------- LEASED/OWNED NORMALIZATION ITEMS (1,472) (3,318) BANK SERVICE CHARGES 18 44 GAIN/(LOSS) ON DISPOSAL OF FIXED ASSETS 25 123 SALES TAX COLLECTION COMMISSIONS - (3) SALES USE TAX - 17 EXECUTIVE INCENTIVE PLAN 347 843 ADMINISTRATIVE PENSION 19 46 BOARD OF DIRECTORS FEES 114 277 BOARD OF DIRECTORS EXPENSES 33 80 OTHER 13 1,369 ---------------------- ---------------------- TOTAL OTHER INCOME AND EXPENSES (903) (521) ====================== ======================
In re: Grand Union Case No. 00-39613 (NW) ----------- ------------- Debtor November 12-December 9 STATUS OF POSTPETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attached photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attached photocopies of any tax returns filed during the reporting period.
- ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- BEGINNING AMOUNT AMOUNT DATE PAID CHECK NO ENDING TAX WITHHELD OR PAID OR EFT TAX LIABILITY ACCRUED LIABILITY ================================== ============== ================= =============== =============== =============== ============== FEDERAL - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Withholding 0 6,166,057 6,166,057 11/17-12/8 EFT 0 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- FICA-Employee 0 0 0 0 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- FICA-Employer 0 0 0 0 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Unemployment 23,675 14,722 0 38,398 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Income 0 0 0 0 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Other: NJ Litter 0 0 0 0 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Total Federal Taxes 23,675 6,180,780 6,166,057 38,398 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- STATE AND LOCAL - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Withholding 326,171 696,916 677,089 345,998 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Sales 1,731,830 2,051,575 1,509,729 2,273,677 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Excise 0 0 0 0 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Unemployment 67,467 64,389 0 131,857 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Real Property 0 0 0 0 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Personal Property 25,144 23,054 77 VAR VAR 48,121 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Other: 13,542 8,887 0 22,430 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Total State and Local 2,164,157 2,844,822 2,186,896 2,822,084 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- TOTAL TAXES 2,187,833 9,025,603 8,352,953 2,860,483 - ---------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- SUMMARY OF UNPAID POSTPETITION DEBTS Attach aged listing of accounts payable. - ----------------------------------------- ----------------------------------------------------------------------------------------- NUMBER OF DAYS PAST DUE ========================================= ============ =============== =============== =============== ============= ============== Current 0-30 31-60 61-90 Over 90 Total - ----------------------------------------- ------------ --------------- --------------- --------------- ------------- -------------- Accounts Payable 0 13,290,000 3,406,000 4,000 0 16,700,000 - ----------------------------------------- ------------ --------------- --------------- --------------- ------------- -------------- Wages Payable 0 3,129,000 0 0 0 3,129,000 - ----------------------------------------- ------------ --------------- --------------- --------------- ------------- -------------- Taxes Payable 0 0 0 0 0 0 - ----------------------------------------- ------------ --------------- --------------- --------------- ------------- -------------- Rent/Leases-Building 0 0 0 0 0 0 - ----------------------------------------- ------------ --------------- --------------- --------------- ------------- -------------- Rent/Leases-Equipment 0 0 0 0 0 0 - ----------------------------------------- ------------ --------------- --------------- --------------- ------------- -------------- Secured Debt/Adequate Protection Payments 0 0 0 0 0 0 - ----------------------------------------- ------------ --------------- --------------- --------------- ------------- -------------- Professional Fees 0 1,310,319 0 0 0 1,310,319 - ----------------------------------------- ------------ --------------- --------------- --------------- ------------- -------------- Amounts Due to Insiders* 0 0 0 0 0 0 - ----------------------------------------- ------------ --------------- --------------- --------------- ------------- -------------- Other: 0 0 0 0 0 0 - ----------------------------------------- ------------ --------------- --------------- --------------- ------------- -------------- Other: 0 0 0 0 0 0 - ----------------------------------------- ------------ --------------- --------------- --------------- ------------- -------------- TOTAL POSTPETITION DEBTS 0 17,729,319 3,406,000 4,000 0 21,139,319 - ----------------------------------------- ------------ --------------- --------------- --------------- ------------- --------------
EXPLAIN HOW AND WHEN THE DEBTOR INTENDS TO PAY ANY PAST-DUE POSTPETITION DEBTS. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- * "Insider" is defined in 11 U.S.C. Section 101(31) Form MOR (9/99) In re: The Grand Union Company Case No. 00-39613 (NW) ----------------------- ------------- Debtor Reporting Period: December 9, 2000 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
- ---------------------------------------------------------------------------------------------- ------------------------------ Accounts Receivable Reconciliation Amount - ---------------------------------------------------------------------------------------------- ------------------------------ Total Accounts Receivable at the beginning of the reporting period 25,845,249 - ---------------------------------------------------------------------------------------------- ------------------------------ + Amounts billed during the period 4,535,780 - ---------------------------------------------------------------------------------------------- ------------------------------ - - Amounts collected during the period (2,827,959) - ---------------------------------------------------------------------------------------------- ------------------------------ Total Accounts Receivable at the end of the reporting period 27,553,071 - ---------------------------------------------------------------------------------------------- ------------------------------ - ---------------------------------------------------------------------------------------------- ------------------------------ - ---------------------------------------------------------------------------------------------- ------------------------------ Accounts Receivable Aging Amount - ---------------------------------------------------------------------------------------------- ------------------------------ 0-30 days old 23,947,720 - ---------------------------------------------------------------------------------------------- ------------------------------ 31-62 days old 587,901 - ---------------------------------------------------------------------------------------------- ------------------------------ 61-90 days old 2,150,444 - ---------------------------------------------------------------------------------------------- ------------------------------ 91 + days old 4,794,203 - ---------------------------------------------------------------------------------------------- ------------------------------ Total Accounts Receivable 31,480,268 - ---------------------------------------------------------------------------------------------- ------------------------------ Amount considered uncollectable (Bad Debt) (3,927,197) - ---------------------------------------------------------------------------------------------- ------------------------------ Accounts Receivable (Net) 27,553,071 - ---------------------------------------------------------------------------------------------- ------------------------------ - ---------------------------------------------------------------------------------------------- ------------------------------ DEBTOR QUESTIONNAIRE - -------------------------------------------------------------------------------- ----------------------- ---------------------- Must be completed each month Yes No - -------------------------------------------------------------------------------- ----------------------- ---------------------- 9. Have any assets been sold or transferred outside the normal course X of business this reporting period? If yes, provide an explanation below. - -------------------------------------------------------------------------------- ----------------------- ---------------------- 10. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an X explanation below. - -------------------------------------------------------------------------------- ----------------------- ---------------------- 11. Have all postpetition tax returns been timely filed? If no, X provide an explanation below. - -------------------------------------------------------------------------------- ----------------------- ---------------------- 12. Are workers compensation, general liability and other necessary X insurance coverages in effect? If no, provide an explanation below. - -------------------------------------------------------------------------------- ----------------------- ---------------------- - -------------------------------------------------------------------------------- ----------------------- ----------------------
UNITED STATES BANKRUPTCY COURT _______________ DISTRICT OF ________________ IN: GRAND UNION CASE NO. 00-39613 (NW) ------------------------ --------------- DEBTOR MONTHLY OPERATING REPORT (DECEMBER 10 - JANUARY 6) FILE WITH COURT AND SUBMIT COPY TO UNITED STATES TRUSTEE WITHIN 20 DAYS AFTER END OF MONTH Submit copy of report to any official committee appointed in the case.
- ------------------------------------------------------------------ ---------------------- ----------------- -------------------- REQUIRED DOCUMENTS FORM NO. DOCUMENT EXPLANATION ATTACHED ATTACHED - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Schedule of Cash Receipts and Disbursements MOR-1 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Bank Reconciliation (or copies of debtor's bank MOR-1 (CONT) Sent to Trustee reconciliations) - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Copies of bank statements - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Cash disbursements journals - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Statement of Operations MOR-2 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Balance Sheet MOR-3 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Status of Postpetition Taxes MOR-4 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Copies of IRS Form 6123 or payment receipt - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Copies of tax returns filed during reporting period - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Summary of Unpaid Postpetition Debts MOR-4 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Listing of aged accounts payable - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Accounts Receivable Reconciliation and Aging MOR-5 X - ------------------------------------------------------------------ ---------------------- ----------------- -------------------- Debtor Questionnaire MOR-5 X - ------------------------------------------------------------------ ---------------------- ----------------- --------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. - --------------------------------------- ------------------------- Signature of Debtor Date - --------------------------------------- ------------------------- Signature of Joint Debtor Date /s/ Jeffrey P. Freimark - --------------------------------------- ------------------------- Signature of Authorized Individual* Date Jeffrey P. Freimark February 1, 2001 - --------------------------------------- ------------------------- Printed Name of Authorized Individual Date - ----------------------------------- * Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. In re: GRAND UNION Case No. 00-39613 (NW) ----------- ------------- Debtor Reporting Period: January 06, 2001 ---------------- SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column must equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" column should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursement listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)] SEE ATTACHED DETAIL
- ---------------------------- ------------------------------------------ --------------------------- ------------------------------- BANK ACCOUNTS CURRENT MONTH CUMULATIVE FILING TO DATE OPER. PAYROLL TAX OTHER ACTUAL PROJECTED ACTUAL PROJECTED - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- CASH BEGINNING OF MONTH - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- RECEIPTS - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- CASH SALES - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- ACCOUNTS RECEIVABLE - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- LOANS AND ADVANCES - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- SALE OF ASSETS - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- OTHER (ATTACH LIST) - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- TRANSFERS (FROM DIP ACCTS) - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- TOTAL RECEIPTS - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- DISBURSEMENTS - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- NET PAYROLL - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- PAYROLL TAXES - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- SALES, USE & OTHER TAXES - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- INVENTORY PURCHASES - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- SECURED/RENTAL/LEASES - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- INSURANCE - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- ADMINISTRATIVE - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- SELLING - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- OTHER (ATTACH LIST) - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- OWNER DRAW* - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- TRANSFERS (TO DIP ACCTS) - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- PROFESSIONAL FEES - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- U.S. TRUSTEE QUARTERLY FEES - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- COURT COSTS - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- TOTAL DISBURSEMENTS - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- NET CASH FLOW - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- CASH - END OF MONTH - ---------------------------- ------- -------------- -------- ---------- ------------ -------------- ----------------- ------------- *COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE THE FOLLOWING SECTION MUST BE COMPLETED - ---------------------------------------------------------------------------------------------------- ------------------- DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN) - ---------------------------------------------------------------------------------------------------- ------------------- TOTAL DISBURSEMENTS $ - ---------------------------------------------------------------------------------------------------- ------------------- LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS $ - ---------------------------------------------------------------------------------------------------- ------------------- PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCE (i.e. from escrow accounts) $ - ---------------------------------------------------------------------------------------------------- ------------------- TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES $ - ---------------------------------------------------------------------------------------------------- ------------------- Form MOR (9/99)
THE GRAND UNION COMPANY - ----------------------- CONSOLIDATED STATEMENT OF CASH FLOWS - ------------------------------------ (dollars in thousands) - ---------------------- (unaudited) - -----------
---------------------------------- --------------------------- 4 Weeks 92 Days Ended Ended January 6, 2001 January 6, 2001 ---------------------------------- --------------------------- OPERATING ACTIVITIES: Net (loss) $ 10,146 $ (44,941) Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities before reorganization items paid: Unusual items 1,828 5,300 Cumulative effect of accounting change - - Extraordinary items - - Depreciation and amortization 3,640 14,399 Pension and other non-cash items 361 1,312 Deferred taxes - - Non-cash interest 157 535 Gain on sale of property - - Net changes in assets and liabilities: Receivables (399) 1,459 Inventories 5,696 11,705 Other current assets (2,643) (6,976) Other assets (200) 274 Accounts payable and accrued liabilities (43,593) (27,059) Other noncurrent liabilities (871) (866) ---------------------------------- --------------------------- Net cash provided by (used for) operating activities before reorganization items paid (46,170) (51,777) Reorganization items paid - - ---------------------------------- --------------------------- Net cash provided by (used for) operating activities (46,170) (51,777) ---------------------------------- --------------------------- INVESTMENT ACTIVITIES: Capital expenditures (52) (4,064) Proceeds from sale of property - - Disposals of property - 198 ---------------------------------- --------------------------- Net cash provided by (used for) investment activities (52) (3,866) ---------------------------------- --------------------------- FINANCING ACTIVITIES: Proceeds from Revolving Credit Facility - 7,801 Proceeds from DIP facility 19,000 60,428 Repayment of Term Loan - (66) Repayment of Revolving Credit Facility - - Repayment of DIP Facility (17,000) (45,000) Auction Bid Escrow 32,755 65,565 Obligations under capital leases discharged (346) (1,219) ---------------------------------- --------------------------- Net cash provided by (used for) financing activities 34,409 87,509 ---------------------------------- --------------------------- NET INCREASE (DECREASE) IN CASH (11,813) 31,866 CASH AT BEGINNING OF PERIOD 60,230 16,551 ---------------------------------- --------------------------- CASH AT END OF PERIOD $ 48,417 $ 48,417 ================================== ===========================
In re: GRAND UNION Case No. 00-39613 (NW) ----------- ------------- Debtor Reporting Period: January 06, 2001 ---------------- BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
- ---------------------------------------------------------------------- ---------------------------- ------------------------------ ASSETS BOOK VALUE AT END OF BOOK VALUE ON PETITION CURRENT REPORTING MONTH DATE - ---------------------------------------------------------------------- ---------------------------- ------------------------------ JANUARY 6, 2001 OCTOBER 2, 2000 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ CURRENT ASSETS - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Unrestricted Cash and Equivalents 48,417 31,222 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Restricted Cash and Cash Equivalents (see continuation sheet) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Accounts Receivable (Net) 27,644 29,140 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Notes Receivable - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Inventories 105,096 116,876 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Prepaid Expenses 29,222 5,810 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Professional Retainers - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Other Current Assets (attach schedule) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL CURRENT ASSETS $ 210,379 $ 183,048 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ PROPERTY AND EQUIPMENT - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Real Property and Improvements - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Machinery and Equipment - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Furniture, Fixtures and Office Equipment - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Leasehold Improvements - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Vehicles - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Less Accumulated Depreciation - ---------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL PROPERTY & EQUIPMENT $ 307,441 $ 345,187 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ OTHER ASSETS - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Loans to Insiders* - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Other Assets (attached schedule) 50,105 60,215 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ - ---------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL OTHER ASSETS $ 50,105 $ 60,215 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ - ---------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL ASSETS $ 567,925 $ 588,450 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ - ---------------------------------------------------------------------- ---------------------------- ------------------------------ LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF BOOK VALUE ON PETITION CURRENT REPORTING MONTH DATE - ---------------------------------------------------------------------- ---------------------------- ------------------------------ LIABILITIES NOT SUBJECT TO COMPROMISE (POST-PETITION) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Accounts Payable (123,800) (162,593) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Taxes Payable (refer to FORM MOR-4) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Wages Payable - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Notes Payable (16,000) (263,060) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Rent/Leases - Building/Equipment (137,800) (160,737) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Secured Debt/Adequate Protection Payments - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Professional Fees - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Amounts Due to Insiders* - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Other Postpetition Liabilities (attach schedule) (135,870) (210,800) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL POSTPETITION LIABILITIES $ 413,470 $ (797,190) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ LIABILITIES SUBJECT TO COMPROMISE (PRE-PETITION) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Secured Debt (263,060) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Priority Debt - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Unsecured Debt 181,094 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL PRE-PETITION LIABILITIES $ 444,154 $ - ---------------------------------------------------------------------- ---------------------------- ------------------------------ - ---------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL LIABILITIES $ (857,624) (797,190) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ OWNER EQUITY - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Capital Stock (300) (300) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Additional Paid in Capital (384,800) (384,800) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Partners' Capital Account - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Owner's Equity Account - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Retained Earnings - Pre-Petition 593,840 593,840 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Retained Earnings - Post-Petition 80,959 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Adjustments to Owner Equity (attach schedule) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ Postpetition Contributions (Distributions)(Draws)(attach schedule) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ NET OWNER EQUITY $ 289,699 $ 208,740 - ---------------------------------------------------------------------- ---------------------------- ------------------------------ - ---------------------------------------------------------------------- ---------------------------- ------------------------------ TOTAL LIABILITIES AND OWNERS EQUITY $ (567,925) $ (588,450) - ---------------------------------------------------------------------- ---------------------------- ------------------------------ FORM MOR
STATEMENT OF OPERATIONS (Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.
- ------------------------------------------------------------------------------- ------------------------ -------------------------- REVENUES 28 days ended 68 days ended January 6, 2001 January 6, 2001 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Gross Revenues 144,617 494,994 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Less: Returns and Allowances - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Net Revenue 144,617 494,994 - ------------------------------------------------------------------------------- ------------------------ -------------------------- COST OF GOODS SOLD - ------------------------------------------------------------------------------- ------------------------ -------------------------- Beginning Inventory 110,792 116,875 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Add: Purchases 99,399 351,835 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Add: Cost of Labor - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Add: Other Costs (attach schedule) 1,712 5,714 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Less: Ending Inventory 105,096 105,096 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Cost of Goods Sold 106,807 369,328 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Gross Profit 37,810 125,666 - ------------------------------------------------------------------------------- ------------------------ -------------------------- OPERATING EXPENSES - ------------------------------------------------------------------------------- ------------------------ -------------------------- Advertising 1,469 5,141 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Auto and Truck Expense - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Bad Debts - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Contributions - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Employee Benefits Programs 2,773 9,501 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Insider Compensation - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Insurance 1,594 5,567 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Management Fees/Bonuses - 44 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Office Expense - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Pension & Profit-Sharing Plans 197 675 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Repairs and Maintenance 1,905 6,133 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Rent and Lease Expense 3,644 13,057 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Salaries/Commissions/Fees 17,472 60,716 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Supplies 874 3,347 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Taxes-Payroll 1,545 5,053 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Taxes-Real Estate 889 3,019 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Taxes-Other - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Travel and Entertainment - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Utilities 3,137 11,249 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Other (attach schedule) 3,907 15,348 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Total Operating Expenses Before Depreciation 39,406 138,850 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Depreciation/Depletion/Amortization 2,855 30,546 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Net Profit (Loss) Before Other Income & Expenses (4,451) (43,730) - ------------------------------------------------------------------------------- ------------------------ -------------------------- OTHER INCOME AND EXPENSES - ------------------------------------------------------------------------------- ------------------------ -------------------------- Other Income (attach schedule) - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Interest Expense 4,612 15,187 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Other Expense (attach schedule) (746) (1,267) - ------------------------------------------------------------------------------- ------------------------ -------------------------- Net Profit (Loss) Before Reorganization Items (8,318) (57,650) - ------------------------------------------------------------------------------- ------------------------ -------------------------- REORGANIZATION ITEMS - ------------------------------------------------------------------------------- ------------------------ -------------------------- Professional Fees - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- U.S. Trustee Quarterly Fees - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet) - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Gain (Loss) from Sale of Equipment - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Other Reorganization Expenses (attach schedule) 1,828 5,301 - ------------------------------------------------------------------------------- ------------------------ -------------------------- Total Reorganization Expenses - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Income Taxes - - - ------------------------------------------------------------------------------- ------------------------ -------------------------- Net Profit (Loss) (10,146) (62,951) - ------------------------------------------------------------------------------- ------------------------ --------------------------
STATEMENT OF OPERATIONS - CONTINUATION SHEET
- -------------------------------------------------------------------- -------------------------------- -------------------------- OTHER COSTS OF GOODS SOLD 28 days ended 68 days ended January 6, 2001 January 6, 2001 - -------------------------------------------------------------------- -------------------------------- -------------------------- TRUCKING 596 2,749 WAREHOUSING 3,419 11,046 S & G SERVICES 299 972 --------------------- --------------------- TOTAL DISTRIBUTION 4,314 14,767 ADVERTISING & PROMO ALLOWANCE (3,825) (15,216) SPECIALTY FOODS (67) (212) CASH DISCOUNTS (122) (707) STOCK GAIN OR (LOSS) - GROCERY 455 1,894 - -LIQUOR - (4) - -GEN MDSE 413 1,294 - -PHARMACY (20) (84) - -SHRINK PROJ 27 87 --------------------- --------------------- TOTAL STOCK GAIN OR (LOSS) 874 3,186 --------------------- --------------------- SPECIAL PROMOTIONS 699 4,631 --------------------- --------------------- TRADING-MERCHANDISE (165) (879) - -MEAT (461) (1,144) - -PRODUCE (208) (812) - -SERVICE (19) (64) LABEL EXP/ALLOW - - VENDOR COUPONS (41) (164) STATISTICAL GROSS ADJUSTMENT 43 148 WHSE INV GAIN(LOSS)-GROCERY 50 171 PHARMACY THIRD PARTY REC ADJ 28 80 FREQUENT SHOPPER EXPENSE 486 1,358 CLIPLESS COUPON EXPENSE 126 195 ADVERTISING PROGRAMS - - --------------------- --------------------- OTHER ADJ. TO GROSS MARGIN (161) (811) --------------------- --------------------- LIFO PROVISION - 75 --------------------- --------------------- TOTAL OTHER COSTS OF GOODS SOLD 1,712 5,713 ===================== =====================
STATEMENT OF OPERATIONS - CONTINUATION SHEET - ---------------------------------------------------------------- -------------------------------- -------------------------- 28 days ended 40 days ended OTHER OPERATING EXPENSES January 6, 2001 January 6, 2001 - ---------------------------------------------------------------- -------------------------------- -------------------------- CHARGE CARD EXPENSE 524 1,794 OTHER OPERATING EXPENSES LIGHT REPAIRS & LAMP REPLACE 76 258 STORE DISBURSEMENTS 79 280 PENALTIES & FINES 26 57 BAD CHECKS 90 334 PREMISE SECURITY 110 434 LAUNDRY 52 166 CASH (OVER) SHORT 68 203 REFRIGERATION & WATER DAMAGE 3 7 EQUIPMENT RENTAL 23 83 CASUALTY LOSS 7 82 SIGNS - 1 EXTERMINATING 6 22 SHOPPING CARTS 4 25 MISCELLANEOUS INCOME (206) (753) BANK SERVICE CHG/ARMORED CAR 145 596 CUSTOMER SERVICE CHARGES 1 (2) OTHER 103 495 --------------------- --------------------- TOTAL OTHER OPERATING EXPENSE 586 2,287 --------------------- --------------------- CAPITAL PROJECT EXPENSE - - CORPORATE ADMIN EXPENSE 2,659 9,147 GRAND PROPERTIES 125 421 GRAND VIDEO - - CORPORATE COMMISSARY - - PRE-OPEN EXPENSE - 0 CLOSED STORE EXPENSE 14 1,699 TECHNOLOGY INITIATIVES - - MANAGEMENT FEE - - SUNDRY - - --------------------- --------------------- TOTAL OTHER OPERATING EXPENSES 3,907 15,348 ===================== =====================
STATEMENT OF OPERATIONS - CONTINUATION SHEET - ------------------------------------------------------------------ -------------------------------- -------------------------- 28 days ended 40 days ended OTHER INCOME AND EXPENSES January 6, 2001 January 6, 2001 - ------------------------------------------------------------------ -------------------------------- -------------------------- LEASED/OWNED NORMALIZATION ITEMS (1,286) (4,604) BANK SERVICE CHARGES 18 62 GAIN/(LOSS) ON DISPOSAL OF FIXED ASSETS - 123 SALES TAX COLLECTION COMMISSIONS (2) (5) SALES USE TAX 9 26 EXECUTIVE INCENTIVE PLAN 347 1,190 ADMINISTRATIVE PENSION 19 65 BOARD OF DIRECTORS FEES 114 391 BOARD OF DIRECTORS EXPENSES 30 110 OTHER 5 1,375 ---------------- ---------------- TOTAL OTHER INCOME AND EXPENSES (746) 1,267 ================ ================
In re: Grand Union Case No. 00-39613 (NW) ----------- ------------- Debtor December 10 - January 6 STATUS OF POSTPETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attached photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attached photocopies of any tax returns filed during the reporting period.
- -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- BEGINNING AMOUNT AMOUNT DATE PAID CHECK NO ENDING TAX WITHHELD OR PAID OR EFT TAX LIABILITY ACCRUED LIABILITY ================================ ============== ================= =============== =============== =============== ============== FEDERAL - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Withholding 0 5,703,600 5,703,600 VAR EFT 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- FICA-Employee 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- FICA-Employer 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Unemployment 38,400 83,100 0 121,500 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Income 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Other: NJ Litter 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Total Federal Taxes 38,400 5,786,700 5,703,600 121,500 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- STATE AND LOCAL - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Withholding 346,000 631,700 600,300 VAR CHK 377,400 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Sales 2,273,700 2,055,200 2,327,400 VAR CHK 2,001,500 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Excise 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Unemployment 131,900 212,800 0 344,700 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Real Property 0 0 0 0 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Personal Property 48,100 23,100 1,700 VAR CHK 69,400 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Other: 22,400 9,300 0 31,700 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- Total State and Local 2,822,000 2,932,000 2,929,400 2,824,700 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- TOTAL TAXES 2,860,500 8,718,700 8,633,000 2,946,300 - -------------------------------- -------------- ----------------- --------------- --------------- --------------- -------------- SUMMARY OF UNPAID POSTPETITION DEBTS Attach aged listing of accounts payable. - ----------------------------------------- ----------------------------------------------------------------------------------------- NUMBER OF DAYS PAST DUE ========================================= ============= ============== =============== =============== ============= ============== Current 0-30 31-60 61-90 Over 90 Total - ----------------------------------------- ------------- -------------- --------------- --------------- ------------- -------------- Accounts Payable 17,033,000 17,033,000 (724,000) 1,784,000 0 18,103,000 - ----------------------------------------- ------------- -------------- --------------- --------------- ------------- -------------- Wages Payable 3,711,000 3,711,000 0 0 0 0 - ----------------------------------------- ------------- -------------- --------------- --------------- ------------- -------------- Taxes Payable 2,946,300 0 0 0 0 0 - ----------------------------------------- ------------- -------------- --------------- --------------- ------------- -------------- Rent/Leases-Building 0 0 0 0 0 0 - ----------------------------------------- ------------- -------------- --------------- --------------- ------------- -------------- Rent/Leases-Equipment 0 0 0 0 0 0 - ----------------------------------------- ------------- -------------- --------------- --------------- ------------- -------------- Secured Debt/Adequate Protection Payments 0 0 0 0 0 0 - ----------------------------------------- ------------- -------------- --------------- --------------- ------------- -------------- Professional Fees 512,000 0 0 0 0 512,000 - ----------------------------------------- ------------- -------------- --------------- --------------- ------------- -------------- Amounts Due to Insiders* 0 0 0 0 0 0 - ----------------------------------------- ------------- -------------- --------------- --------------- ------------- -------------- Other: 0 0 0 0 0 0 - ----------------------------------------- ------------- -------------- --------------- --------------- ------------- -------------- Other: 0 0 0 0 0 0 - ----------------------------------------- ------------- -------------- --------------- --------------- ------------- -------------- TOTAL POSTPETITION DEBTS 0 0 0 0 0 0 - ----------------------------------------- ------------- -------------- --------------- --------------- ------------- --------------
EXPLAIN HOW AND WHEN THE DEBTOR INTENDS TO PAY ANY PAST-DUE POSTPETITION DEBTS. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- * "Insider" is defined in 11 U.S.C. Section 101(31) Form MOR (9/99) In re: The Grand Union Company Case No. 00-39613 (NW) ----------------------- ------------- Debtor Reporting Period: January 6, 2001 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
- ---------------------------------------------------------------------------------------- ------------------------------ Accounts Receivable Reconciliation Amount - ---------------------------------------------------------------------------------------- ------------------------------ Total Accounts Receivable at the beginning of the reporting period 27,553,000 - ---------------------------------------------------------------------------------------- ------------------------------ + Amounts billed during the period 3,724,000 - ---------------------------------------------------------------------------------------- ------------------------------ - - Amounts collected during the period 4,514,000 - ---------------------------------------------------------------------------------------- ------------------------------ Total Accounts Receivable at the end of the reporting period 27,763,000 - ---------------------------------------------------------------------------------------- ------------------------------ - ---------------------------------------------------------------------------------------- ------------------------------ - ---------------------------------------------------------------------------------------- ------------------------------ Accounts Receivable Aging Amount - ---------------------------------------------------------------------------------------- ------------------------------ 0-30 days old 19,492,000 - ---------------------------------------------------------------------------------------- ------------------------------ 31-62 days old 3,049,000 - ---------------------------------------------------------------------------------------- ------------------------------ 61-90 days old 683,000 - ---------------------------------------------------------------------------------------- ------------------------------ 91 + days old 7,464,000 - ---------------------------------------------------------------------------------------- ------------------------------ Total Accounts Receivable 30,689,000 - ---------------------------------------------------------------------------------------- ------------------------------ Amount considered uncollectable (Bad Debt) 3,927,000 - ---------------------------------------------------------------------------------------- ------------------------------ Accounts Receivable (Net) 26,762,000 - ---------------------------------------------------------------------------------------- ------------------------------ - ---------------------------------------------------------------------------------------- ------------------------------ DEBTOR QUESTIONNAIRE - -------------------------------------------------------------------------------- ---------------------- ---------------------- Must be completed each month Yes No - -------------------------------------------------------------------------------- ---------------------- ---------------------- 13. Have any assets been sold or transferred outside the normal course X of business this reporting period? If yes, provide an explanation below. - -------------------------------------------------------------------------------- ---------------------- ---------------------- 14. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an X explanation below. - -------------------------------------------------------------------------------- ---------------------- ---------------------- 15. Have all postpetition tax returns been timely filed? If no, X provide an explanation below. - -------------------------------------------------------------------------------- ---------------------- ---------------------- 16. Are workers compensation, general liability and other necessary X insurance coverages in effect? If no, provide an explanation below. - -------------------------------------------------------------------------------- ---------------------- ---------------------- - -------------------------------------------------------------------------------- ---------------------- ----------------------
-----END PRIVACY-ENHANCED MESSAGE-----