-----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, R29yPx2zgI7tgBa/B3f6uaXoZ7+LmP7iDEXw+fhlP0txxWJAui6cvZj/YfYLVhn5 SaLMMuJgxXbgYnK+4BRYdA== 0000033073-96-000007.txt : 19960701 0000033073-96-000007.hdr.sgml : 19960701 ACCESSION NUMBER: 0000033073-96-000007 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960628 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENVIRODYNE INDUSTRIES INC CENTRAL INDEX KEY: 0000033073 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 952677354 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-05485 FILM NUMBER: 96587772 BUSINESS ADDRESS: STREET 1: 701 HARGER ROAD STE 1190 CITY: OAK BROOK STATE: IL ZIP: 60521 BUSINESS PHONE: 7085718800 FORMER COMPANY: FORMER CONFORMED NAME: MGN INC DATE OF NAME CHANGE: 19790425 11-K 1 FOR YRS ENDED 12/94-94 VISKASE CORPORATION SAVE PROGRAM FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES FOR THE YEARS ENDED DECEMBER 31, 1995 AND 1994 AND REPORT OF INDEPENDENT ACCOUNTANTS VISKASE CORPORATION SAVE PROGRAM INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES Page(s) Report of Independent Accountants 1-2 Financial Statements: Statement of Net Assets Available for Plan Benefits, December 31, 1995 and 1994 3-4 Statement of Changes in Net Assets Available for Plan Benefits, for the years ended December 31, 1995 and 1994 5-6 Notes to Financial Statements 7-12 Supplemental Schedules: 13-19 Schedule of Assets Held for Investment Purposes, December 31, 1995 - Item 27(a), Form 5500 (Unaudited) Schedule of Reportable Transactions, for the year ended December 31, 1995 - Item 27(d), Form 5500 (Unaudited) Note: Supplemental schedules required by the Employee Retirement Income Security Act of 1974 that have not been included herein are not applicable to the Viskase Corporation SAVE Program. REPORT OF INDEPENDENT ACCOUNTANTS To the Compensation and Benefits Committee Viskase Corporation SAVE Program We have audited the accompanying statements of net assets available for benefits of Viskase Corporation SAVE Program (the Plan) as of December 31, 1995 and 1994, and the related statement of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. Except as explained in the following paragraph, we conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. As permitted by 29 CFR 2520.103-8 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, the Plan Administrator instructed us not to perform, and we did not perform, any auditing procedures for the Plan's 1994 financial statements with respect to the information summarized in Note 4, which was certified by The Northern Trust Company, trustee of the Plan, except for comparing such information with the related information included in the financial statements. We have been informed by the Plan Administrator that the trustee holds the Plan's investment assets and executes investment transactions. The Plan Administrator has obtained a certification from the trustee as of and for the year ended December 31, 1994 that the information provided to the Plan Administrator by the trustee is complete and accurate. Because of the significance of the information that we did not audit, we are unable to, and do not, express an opinion on the Plan's financial statements as of December 31, 1994 and for the year then ended. The form and content of the information included in the 1994 financial statements other than that derived from the information certified by the trustee, have been audited by us and, in our opinion, are presented in compliance with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the financial statements, referred to above, of the Plan as of December 31, 1995, and for the year then ended present fairly, in all material respects, the net assets available for plan benefits of the Plan as of December 31, 1995, and changes in net assets available for plan benefits for the year then ended in conformity with generally accepted accounting principles. Our audit of the 1995 financial statements was performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of Item (a), Schedule of Assets Held for Investment Purposes, and Item 27(d), Schedule of Reportable Transactions, are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department for Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The Fund Information in the 1995 statement of net assets available for plan benefits and the 1995 statement of changes in net assets available for plan benefits is presented for purposes of additional analysis rather than to present the net assets available for plan benefits and changes in net assets available for plan benefits of each fund. The supplemental schedules and Fund Information have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. Chicago, Illinois May 31, 1996 VISKASE CORPORATION SAVE PROGRAM STATEMENT OF NET ASSETS AVAILABLE fOR PLAN BENEFITS with Fund Information December 31, 1995
Inter- Fixed Equity Aggressive national Envirodyne Total Income Investment Balanced Equity Equity Stock Loan December Fund Fund Fund Fund Fund Fund Fund Other 31, 1995 ----------- ----------- ---------- ---------- -------- --------- ---------- -------- ----------- Investments: Short-term investments $ 4,245,077 $ 15,272 $ 4,460 $ 5,589 $ 3,305 $ 962 $ 4,274,665 Insurance company contracts 18,305,587 18,305,587 Value of interest in registered investment company 14,357,393 12,277,866 2,564,022 1,396,484 788,616 31,384,381 Common stock 11,074 11,074 Loans to participants $2,302,262 2,302,262 ----------- ----------- ---------- ---------- -------- -------- ---------- ----------- 36,908,057 12,293,138 2,568,482 1,402,073 791,921 12,036 2,302,262 56,277,969 ----------- ----------- ---------- ---------- -------- -------- ---------- ----------- Receivables: Investment income 1,501 93 25 89 31 7 1,746 Interfund receiv- able (payable) 9,453 (83,028) 8,035 (23,887) 87,031 2,396 ----------- ----------- ---------- ---------- -------- -------- ----------- 10,954 (82,935) 8,060 (23,798) 87,062 2,403 1,746 Other $122,495 122,495 ----------- ----------- ---------- ---------- -------- -------- ---------- -------- ----------- Net assets available for plan benefits $36,919,011 $12,210,203 $2,576,542 $1,378,275 $878,983 $ 14,439 $2,302,262 $122,495 $56,402,210 =========== =========== ========== ========== ======== ======== ========== ======== =========== The accompanying notes are an integral part of the financial statements.
VISKASE CORPORATION SAVE PROGRAM STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS December 31, 1994
Fixed Equity Total Income Investment Balanced Loan December Fund Fund Fund Fund 31, 1994 ----------- ---------- ---------- ---------- ----------- Investments: Short-term investments $ 507,182 $ 154,477 $ 54,887 $ 716,546 Corporate bonds 4,788,322 1,764,394 6,552,716 Insurance company contracts 31,570,072 31,570,072 Value of interest in registered investment company 9,400,852 9,400,852 Loans to participants $2,328,216 2,328,216 ----------- ---------- ---------- ---------- ----------- 36,865,576 9,555,329 1,819,281 2,328,216 50,568,402 ----------- ---------- ---------- ---------- ----------- Receivables: Participant contributions 20 20 Investment income 411 121 116 648 Interfund receivable (payable) 191,979 (188,156) (3,823) ----------- ---------- ---------- ----------- 192,410 (188,035) (3,707) 668 ---------- ----------- Cash 14 14 ----------- ---------- ---------- ---------- ----------- Net assets available for plan benefits $37,057,986 $9,367,294 $1,815,588 $2,328,216 $50,569,084 =========== ========== ========== ========== =========== The accompanying notes are an integral part of the financial statements.
VISKASE CORPORATION SAVE PROGRAM STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS with Fund Information for the year ended December 31, 1995
Inter- Fixed Equity Aggressive national Envirodyne Total Income Investment Balanced Equity Equity Stock Loan December Fund Fund Fund Fund Fund Fund Fund Other 31, 1995 ----------- ----------- ---------- ---------- -------- --------- ---------- -------- ----------- Additions: Interest income: Short-term investments $ 14,347 $ 1,656 $ 636 $ 989 $ 345 $ 11 $ 143,464 $ 161,448 Insurance company's contracts 2,156,380 2,156,380 ----------- ----------- ---------- ---------- -------- -------- ---------- ----------- 2,170,727 1,656 636 989 345 11 143,464 2,317,828 Net investment gain from interest in registered investment companies 374,077 3,453,402 498,509 179,831 87,669 4,593,488 Net (depreciation) in the fair value of investments (984) (984) ----------- ----------- ---------- ---------- -------- -------- ---------- ----------- 2,544,804 3,455,058 499,145 180,820 88,014 (973) 143,464 6,910,332 ----------- ----------- ---------- ---------- -------- -------- ---------- ----------- Contributions: Participants 2,351,913 927,815 296,745 494,981 250,459 10,502 4,332,415 Employer 795,348 314,964 98,588 167,820 86,677 3,000 1,466,397 ----------- ----------- ---------- ---------- -------- -------- ---------- 3,147,261 1,242,779 395,333 662,801 337,136 13,502 5,798,812 ----------- ----------- ---------- ---------- -------- -------- ---------- ---------- Interfund transfers (573,359) (622,249) 175,598 541,960 497,109 1,910 (143,464) $122,495 Participant loan payments received 752,587 284,371 47,609 57,175 30,062 (1,171,804) ----------- ----------- ---------- ---------- -------- -------- ---------- -------- 179,228 (337,878) 223,207 599,135 527,171 1,910 (1,315,268) 122,495 ----------- ----------- ---------- ---------- -------- -------- ---------- -------- Deductions: Benefit payments 5,150,635 1,290,451 302,437 57,990 61,013 6,862,526 Administrative expenses 13,493 13,493 Loans to participants 846,141 226,599 54,294 6,491 12,325 (1,145,850) ----------- ----------- ---------- ---------- -------- ---------- ----------- 6,010,269 1,517,050 356,731 64,481 73,338 (1,145,850) 6,876,019 ----------- ----------- ---------- ---------- -------- ---------- ----------- Net increase/ (decrease) in net assets available for plan benefits (138,976) 2,842,909 760,954 1,378,275 878,983 14,439 (25,954) 122,495 5,833,125 Net assets available for plan benefits, beginning of year 37,057,986 9,367,294 1,815,588 2,328,216 50,569,084 ----------- ----------- ---------- ---------- -------- -------- ---------- -------- ----------- Net assets available for plan benefits, end of year $36,919,010 $12,210,203 $2,576,542 $1,378,275 $878,983 $14,439 $2,302,262 $122,495 $56,402,209 =========== =========== ========== ========== ======== ======== ========== ======== =========== The accompanying notes are an integral part of the financial statements.
Viskase Corporation Save Program STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS for the year ended December 31, 1994
Fixed Equity Total Income Investment Balanced Loan December Fund Fund Fund Fund 31, 1994 ----------- ---------- ---------- ---------- ----------- Additions: Interest income: Short-term investments $ 3,818 $ 875 $ 553 $ 100,861 $ 106,107 Insurance company's contracts 2,250,151 2,250,151 ----------- ---------- ---------- ---------- ----------- 2,253,969 875 553 100,861 2,356,258 Dividends 304,494 304,494 Net appreciation (depreciation) in the fair value of investments 232,264 (406,509) 11,794 (162,451) ----------- ---------- ---------- ---------- ----------- 2,486,233 (101,140) 12,347 100,861 2,498,301 ----------- ---------- ---------- ---------- ----------- Contributions: Participants 2,693,395 1,200,791 276,571 4,170,757 Employer 921,421 415,217 97,836 1,434,474 ----------- ---------- ---------- ----------- 3,614,816 1,616,008 374,407 5,605,231 ----------- ---------- ---------- ----------- Interfund transfers 220,235 (24,843) (94,531) (100,861) Participant loan payments received 467,158 260,983 44,582 (772,723) Other receipts (disbursements) (1,359) (1,359) ----------- ---------- ---------- ---------- ----------- 686,034 236,140 (49,949) (873,584) (1,359) ----------- ---------- ---------- ---------- ----------- Deductions: Benefit payments 2,401,604 228,768 127,399 2,757,771 Administrative expenses 14,199 14,199 Loans to participants 997,205 526,062 61,058 (1,584,325) ----------- ---------- ---------- ---------- ----------- 3,413,008 754,830 188,457 (1,584,325) 2,771,970 ----------- ---------- ---------- ---------- ----------- Net increase in net assets available for plan benefits 3,374,075 996,178 148,348 811,602 5,330,203 Net assets available for plan benefits, beginning of year 33,683,911 8,371,116 1,667,240 1,516,614 45,238,881 ----------- ---------- ---------- ---------- ----------- Net assets available for plan benefits, end of year $37,057,986 $9,367,294 $1,815,588 $2,328,216 $50,569,084 =========== ========== ========== ========== =========== The accompanying notes are an integral part of the financial statements.
VISKASE CORPORATION SAVE PROGRAM NOTES TO FINANCIAL STATEMENTS 1. Description of the Plan The following description of the Plan provides only general information. Participants should refer to the Plan agreement for a more complete description of the Plan's provisions. A. General The Plan is a defined contribution plan established to provide deferred compensation benefits to eligible employees. Under the Plan, all of the employees of Viskase Corporation ("Employer") who have met the eligibility requirements may elect to participate in the Plan. Employees who are covered by a collective bargaining agreement will be eligible only if their participation is provided for in the agreement. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). B. Participation Regular full-time employees may become Plan members upon employment. C. Contributions Participating employees make before-tax contributions to the Plan of 1% to 6% of their regular pay. Participants who contribute at least 6% may contribute up to an additional 10% on a before or after-tax basis. Employer contributions to the Plan are equal to 50% of the participant's contributions up to 6% of regular pay. Employee before-tax and after-tax contributions in excess of 6% of the participant's compensation are not eligible to receive Employer matching contributions. The Internal Revenue Service limits the dollar amount a participant can contribute to the Plan in any year on a before-tax basis. All contributions to the Plan are also subject to the nondiscrimination tests of the Internal Revenue Code which may also limit the contributions that may be made to the Plan. D. Vesting Participant contributions plus the earnings thereon are always fully vested. Vesting in the Employer contributions and the earnings thereon is based on years of credited service. A participant is 100% vested after three years of credited service. If a participant voluntarily leaves before completing 3 years of credited service, contributions made by the Employer and earnings thereon will be forfeited. If a participant attains age 65, or becomes permanently and totally disabled, dies, or is terminated by the Employer for reasons other than cause, the full value of the Employer contribution account becomes immediately vested and is nonforfeitable. E. Payment of Benefits On termination of service, participants with account balances in excess of $3,500 may elect to either receive a lump-sum amount or defer payment until any date up to the plan year in which the participant attains age 65. Participants who terminate employment with account balances less than or equal to $3,500 are to receive a lump-sum payment. Participants may choose to make a direct rollover to another qualified plan or to an Individual Retirement Account (IRA). Spouse beneficiaries may make a direct rollover to an IRA. Non-spouse beneficiaries may not make a direct rollover to an IRA. A participant who receives a lump sum payment may choose to receive payment of his account invested in the Envirodyne Stock Fund in the form of whole shares of common stock with fractional shares paid in cash. Certain employees may receive installment payments under the Plan. Payment to any participant must be made no later than the April 1 following the year he reaches 70-1/2, even if he has not retired. F. Participant Loans Loans up to specified amounts are available to all participants. Each loan must be evidenced by the participant's collateral promissory note with interest at a rate commensurate with the interest rates being charged by area banking business for loans made under similar circumstances. The period for repayment of the loan cannot exceed five years from the date of the loan, unless the loan is for purchase of a principal residence in which case, the repayment period cannot exceed ten years. G. Withdrawals While Employed The Plan permits participants to make withdrawals while they are employed. The Plan sets out the limits and priority of any withdrawal. The Plan permits hardship of before-tax contributions in accordance with Internal Revenue Code requirements. H. Forfeitures Forfeitures of a terminated participant are required to be held by the Plan pending the participant's possible return to employment and reinstatement in the Plan. If reinstatement does not occur by the end of the year following the year during which the participant terminated his/her employment, such forfeitures are reallocated to the remaining participants' accounts in proportion to the allocation of Employer matching contributions. I. Allocation of Investment Earnings Investment earnings of an investment fund are allocated to individual participant accounts based on the ratio of an employee's year-to-date contributions to that fund to the total of all contributions made for the plan year to that fund. 2. Summary of Significant Accounting Policies The financial statements are presented in accordance with generally accepted accounting principles. The following is a summary of significant accounting policies of the Plan. Investments The Plan reports investments, other than insurance company contracts, at fair value. Mutual funds and common stocks are stated at the quoted market price on the last business day of the year. Short-term investments are stated at cost which approximates market value. The investment contracts are stated at contract value, which represents contributions made under the contracts, plus accrued interest at the current contract rates, less funds withdrawn. The contract value of the investment contracts approximates fair value. The average yield for the years ended December 31, 1995 and 1994 and crediting interest rate at December 31, 1995 and 1994 for each of the insurance company contracts is summarized below 1995 1994 ------------------- ------------------- Average Crediting Average Crediting Yield Interest Yield Interest Rate Rate Canada Life Insurance Company group annuity contract, due 2/14/00 7.82% 7.82% Hartford GA Insurance Company group annuity contract, due 2/7/98 7.50% 7.50% Metropolitan Life Insurance Company group annuity contract, open maturity date 7.25% 7.25% 7.25% 7.25% New York Life Insurance Company group annuity contract, due 12/31/96 7.05% 7.05% 6.80% 6.54% John Hancock Insurance Company group annuity contract, due 12/31/95 8.16% 8.05% Provident National Insurance Company guaranteed investment contract, due 12/31/94 7.63% 7.75% Dividend income is recorded on the ex-dividend date. Income from other investments is recorded as earned on an accrual basis. Investment transactions are reflected on a trade-date basis. Realized gains or losses on sales of securities are based on average cost. In accordance with the policy of stating investments at fair value, the change in net unrealized appreciation or depreciation on investments for the year is included in the statements of changes in net assets available for plan benefits. The Plan presents in the statements of changes in net assets the net appreciation (depreciation) in the fair value of its investments which consists of the realized gains or losses and the unrealized appreciation (depreciation) on investments. The investment held by the Plan other than interests in registered investment companies that represents 5 percent or more of the Plan's net assets at December 31, 1995 is the Metropolitan Life Insurance Company group annuity contract whose market value is $12,207,224. Administration Expenses Expenses of the Plan, other than brokerage commissions which are included in the cost of the investments, were paid by the Employer in 1995 and 1994. Although the Employer has elected to pay these expenses, it is not obligated to do so. If the Employer ceases to pay all or part of these expenses in the future, they will be paid by the Plan. Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. 3. Investment Program The plan provides for investment election alternatives which allow participants to invest their contributions in six different funds. Participants may change their investment election during any calendar month as provided by the Plan agreement. The fund options are as follows. Fixed Income Fund - The assets of the Fixed Income Fund are - ----------------- invested in investment contracts from a variety of high-quality issuers, primarily insurance carriers ranked "AA" or better by the national rating agencies. The objective of the fund is to provide stable returns and to preserve the principle investment. Equity Investment Fund - The assets of the Equity Investment Fund - ---------------------- are exclusively invested in the Vanguard Windsor II Mutual Fund which invests primarily in common stocks which are believed to be undervalued by the market at the time of purchase. The fund seeks to provide long-term growth of capital and income. Balanced Fund - The assets of the Balanced Fund are exclusively - ------------- invested in the American Balanced Fund which invests in a broadly diversified portfolio of securities, including common stocks, preferred stocks, corporate bonds or U.S. government securities and cash. The objective of the fund is to preserve capital and provide current income while seeking long-term growth of both capital and income. Aggressive Equity Fund - The assets of the Aggressive Equity fund - ---------------------- are exclusively invested in the Twentieth Century Ultra Mutual Fund which invests primarily in common stock of companies with accelerating earnings and revenues. The fund seeks to provide capital growth over time. International Equity Fund - The assets of the International Equity - ------------------------- Fund are exclusively invested in the American Europacific Growth Fund which invests in stocks of companies based outside the United States. The objective of the fund is to achieve long-term capital appreciation through international diversification. Envirodyne Stock Fund - The assets of the Envirodyne Stock Fund are - --------------------- exclusively invested in Envirodyne Industries, Inc. common stock. Only new contributions may be invested in this Fund. No amount in another Fund may be transferred to this Fund. At December 31, 1995 and 1994, there were 1,977 and 1,940 participants, respectively, invested in one or more of the Plan's investment funds. Employer contributions are invested in the investment funds to which the participants contribute. Set forth below is the number of participants investing in each fund: 1995 1994 ----- ----- Fixed Income Fund 1,816 1,804 Equity Investment Fund 873 841 Balanced Fund 424 352 Aggressive Equity Fund 237 International Equity Fund 316 Envirodyne Stock Fund 59 4. Federal Income Tax Status The Internal Revenue Service has determined and informed the Employer by a letter dated April 10, 1995, that the Plan, and related trust, as then designed, are in compliance with the applicable sections of the Internal Revenue Code (Code). The Plan has subsequently been amended. However, the Plan administrator believes the Plan is designed and operated in accordance with the applicable sections of the Code. 5. Plan Termination The Employer reserves the right to alter, amend or terminate the Plan. In the event of Plan termination, Plan accounts will become fully vested and participants will be entitiled to a distribution. Presently, there is no intention on the part of the Employer to terminate the Plan. 6. Reconciliation of Net Assets Available for Plan Benefits to Form 5500 The difference between the total net assets available for plan benefits on Form 5500 and the financial statements on pages 2 and 4 at December 31, 1995 is a payable to participants of $907,043 and other unallocated items of $122,495. SUPPLEMENTAL SCHEDULES - ---------------------- 00-08970 VISKASE CORPORATION - SAVE PLAN DECEMBER 29, 1995 SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES - ITEM 27a ----------------------------------------------------------
IDENTITY OF ISSUE, BORROWER, PAR CURRENT LESSOR OR SIMILAR PARTY VALUE COST VALUE - --------------------------- -------------- -------------- -------------- NON-INTEREST BEARING CASH ========================= CASH 0.00 0.00 TOTAL NON-INTEREST BEARING CASH 0.00 0.00 RECEIVABLES - OTHER =================== PROCEEDS FROM PENDING SALE 0.00 0.00 COST OF PENDING PURCHASES 0.00 0.00 TOTAL RECEIVABLES - OTHER 0.00 0.00 INTEREST BEARING CASH ===================== CF CONTINENTAL SHORT TERM INVESTORS 2,000,065.66 2,000,065.66 2,000,065.66 MONEY MARKET FUND I COLTV SHORT TERM INVT FD 2,253,905.01 2,253,905.01 2,253,905.01 INVESTED CASH COLTV SHORT TERM INVT FD 15,271.70 15,271.70 15,271.70 INVESTED CASH COLTV SHORT TERM INVT FD 4,460.47 4,460.47 4,460.47 INVESTED CASH TOTAL INTEREST BEARING CASH 4,273,702.84 4,273,702.84 OTHER LOANS =========== ** VARIOUS LOANS TO PARTICIPANTS ** 2,302,262.02 2,302,262.02 2,302,262.02 TOTAL OTHER LOANS 2,302,262.02 2,302,262.02 INTEREST IN REGISTERED INVESTMENT CO. ==================================== CF CONTINENTAL BANK GIC FUND 860,588.34 15,884,883.42 14,357,393.21 MFO AMERICAN BALANCED FUND, INC., 181,202.96 2,284,258.66 2,564,021.88 CAPITAL STOCK, $1 PAR OPEN END FUND MFO EUROPACIFIC GROWTH FUND OPEN END 34,094.92 731,086.86 788,615.50 FUND MFO TWENTIETH CENTURY INVESTORS INC., 53,484.65 1,282,594.02 1,396,484.21 ULTRA SHARES, $1 PAR OPEN END FUND MFO VANGUARD / WINDSOR FD INC VANGUARD / 594,281.99 9,637,011.31 12,277,865.91 WINDSOR II PORTFOLIO OPEN END FUND TOTAL INTEREST IN REGISTERED INVESTMENT CO. 27,819,834.27 31,384,380.71 INSURANCE COMPANY GENERAL ACCOUNT ================================= CANADA LIFE CONTRACT 45862 2,136,475.40 2,136,475.40 2,136,475.40 7.82% DUE 2/14/00 HARTFORD GA-10285 2,133,450.09 2,133,450.09 2,133,450.09 7.50%, 2/7/98 METROPOLITAN LIFE INS GAC-8739-9 12,207,223.54 12,207,223.54 12,207,223.54 7.25% OPEN DUE DATE NEW YORK LIFE INS CO. #6464 7.05% 1,828,438.22 1,828,438.22 1,828,438.22 DUE 12/31/96 TOTAL INSURANCE COMPANY GENERAL ACCOUNT 18,305,587.25 18,305,587.25 TOTAL ASSETS 52,701,386.38 56,265,932.82
00-08970 VISKASE CORPORATION - SAVE PLAN DECEMBER 29, 1995 SCHEDULE OF REPORTABLE 5% TRANSACTIONS 12-30-94 THROUGH 12-29-95 ----------------------------------------------------------
AVERAGE PURCHASE OR TRANSACTION COST OF CURRENT NET GAIN DESCRIPTION OF ASSET SALE PRICE EXPENSE ASSET VALUE OF ASSET OR (LOSS) TURNOVER -------------------- ------------ ----------- ------------- -------------- -------------- -------- ($) ($) ($) ($) ($) (%) TRANSACTIONS BY ISSUE - --------------------- MFO AMER BALANCE FD INC CAP OPEN END FD 200,702.93 SHR BOUGHT IN 39 TRANSACTIONS 12.582 2,525,307.38 2,525,307.38 4.99 19,499.97 SHR SOLD IN 11 TRANSACTIONS 13.554 241,048.72 264,301.53 23,252.81 0.52 ------------- ----------- ------ 2,789,608.91 23,252.81 5.51 ============= =========== ====== MFO VANGUARD / WINDSOR FD INC VANGUARD / WINDSOR II PORTFOLIO OPEN END FD 108,918.16 UNITS BOUGHT IN 37 TRANS 19.186 2,089,747.83 2,089,747.83 4.13 108,874.66 UNITS SOLD IN 13 TRANSACTIONS 17.953 1,705,893.45 1,954,599.46 248,706.01 3.87 ------------- ----------- ------ 4,044,347.29 248,706.01 8.00 ============= =========== ====== COLTV SHORT TERM INVT FD 14,141,806.12 INCREASES ON 244 DAYS 14,141,806.12 14,141,806.12 27.97 12,395,083.15 DECREASES ON 110 DAYS 12,395,083.15 12,395,083.15 0.00 24.51 ------------- ----------- ------ 26,536,889.27 0.00 52.48 ============= =========== ====== COLTV SHORT TERM INVT FD 2,130,705.59 INCREASES ON 78 DAYS 2,130,715.59 2,130,705.59 4.21 2,269,911.07 DECREASES ON 49 DAYS 2,269,911.07 2,269,911.07 0.00 4.49 ------------- ----------- ------ 4,400,616.66 0.00 8.70 ============= =========== ====== CF CONTL BNK GIC FD 822,281.95 UNITS BOUGHT IN 14 TRANS 16.326 13,424,675.21 13,424,675.21 26.55 267,734.95 UNITS SOLD IN 4 TRANSACTIONS 15.794 4,062,696.84 4,228,593.01 165,896.17 8.36 ------------- ----------- ------ 17,653,268.22 165,896.17 34.91 ============= =========== ====== CF CONTL SHORT TERM INVESTORS MONEY MKT FD I 16,569,815.29 UNITS BOUGHT IN 18 TRANS 1.000 16,569,815.29 16,569,815.29 32.77 14,569,749.64 UNITS SOLD IN 11 TRANS 1.000 14,569,749.64 14,569,749.64 0.00 28.81 ------------- ----------- ------ 31,139,564.93 0.00 61.58 ============= =========== ====== METROPOLITAN LIFE INS GAC-8739-9 7.25% OPEN DUE DATE 1,587,802.08 CV BOUGHT IN 12 TRANS 1.000 1,587,802.08 1,587,802.08 3.14 13,241,628.70 CV SOLD IN 9 TRANSACTIONS 1.000 13,241,628.70 13,241,628.70 0.00 26.19 ------------- ----------- ------ 14,829,430.78 0.00 29.33 ============= =========== ====== JOHN HANCOCK INSURANCE CO. GAC #5846 RATE 8.27% DUE 12-31-95 165,836.60 CV BOUGHT IN 12 TRANSACTIONS 1.000 165,836.60 165,836.60 0.33 2,440,185.79 CV SOLD IN 17 TRANSACTIONS 1.000 2,440,185.79 2,440,185.79 0.00 4.83 ------------- ----------- ------ 2,606,022.39 0.00 5.16 ============= =========== ====== PROVIDENT NATIONAL GIC #027-04968 RATE 7.75% DUE 12-31-94 1,502.07 CV BOUGHT ON 01-06-95 1.000 1,502.07 1,502.07 0.00 3,378,217.08 CV SOLD ON 01-03-95 1.000 3,378,217.08 3,378,217.08 0.00 6.68 ------------- ----------- ------ 3,379,719.15 0.00 6.68 ============= =========== ====== NOTE: TURNOVER % BASED ON THE 12-30-94 VALUE (EXCLUDING ACCRUALS AND PENDING TRANSACTIONS) OF $50,568,417.00.
TRANSACTIONS BY BROKER - ---------------------- NO REPORTABLE TRANSACTIONS OCCURRED WITH ANY ONE BROKER -----END PRIVACY-ENHANCED MESSAGE-----