EX-99 2 0002.txt KINARK CORPORATION AND SUBSIDIARY UNAUDITED PRO FORMA BALANCE SHEET DECEMBER 31, 1999 Pro Forma Kinark Pro Forma As (Dollars in Thousands) 12/31/99 Adjustments Adjusted -------- ----------- --------- ASSETS ------ Cash & cash equivalents $ 253 $ (85) $ 168 Trade receivables, net 6,229 (912) 5,317 Inventories 4,799 (28) 4,771 Other current assets 629 (95) 534 Deferred tax asset, net 693 (162) 531 Net assets of discontinued operations --- 1,254 1,254 ------ ------ ------ Current Assets 12,603 (28) 12,575 Property, plant and equipment, net 18,160 (1,488) 16,672 Goodwill 3,765 --- 3,765 Other assets 181 (76) 105 ------ ------ ------ Total Assets $ 34,709 $ (1,592) $ 33,117 ====== ====== ====== LIABILITIES & STOCKHOLDERS' EQUITY ---------------------------------- Current portion of long- term obligations $ 1,131 $ (12) $ 1,119 Trade accounts payable 1,404 (214) 1,190 Accrued liabilities 2,868 (1,209) 1,659 ------ ------ ------ Current Liabilities 5,403 (1,435) 3,968 Deferred tax liability, net 458 --- 458 Pension & related liabilities 309 (156) 153 Long-term obligations 9,986 (1) 9,985 ------ ------ ------ Total Liabilities 16,156 (1,592) 14,564 Common stock 819 --- 819 Additional paid-in capital 17,364 --- 17,364 Retained earnings 6,350 --- 6,350 Treasury stock (5,980) --- (5,980) ------ ------ ------ Total Stockholders' Equity 18,553 --- 18,553 Total Liabilities and Stockholders' Equity $ 34,709 $ (1,592) $ 33,117 ====== ====== ======