EX-99.3 OTHER FIN ST 6 nnecofinanexh12011503.txt EXHIBIT 1.2 STATEMENT OF INCOME 9/30/02 Exhibit 1.2 NORTHEAST NUCLEAR ENERGY COMPANY PRO FORMA STATEMENT OF INCOME FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 2002 (UNAUDITED) (THOUSANDS OF DOLLARS)
Pro Forma Giving Per Book Pro Forma Adjustments Effect to Adjustments -------- --------------------- --------------------- Operating Revenues $ (923) $ - $ (923) -------- -------- --------- Operating Expenses - - - -------- -------- --------- Operating Loss (923) - (923) -------- -------- --------- Other Income, Net - - - -------- -------- --------- Loss Before Interest Expense and Income Tax Benefit (923) - (923) -------- -------- --------- Interest Expense - - - -------- -------- --------- Loss Before Income Tax Benefit (923) - (923) -------- -------- --------- Income Tax Benefit (923) - (923) -------- -------- --------- Net Loss $ - $ - $ - ======== ======== =========
NORTHEAST NUCLEAR ENERGY COMPANY PRO FORMA STATEMENT OF RETAINED EARNINGS AS OF SEPTEMBER 30, 2002 (UNAUDITED) (THOUSANDS OF DOLLARS)
Pro Forma Giving Per Book Pro Forma Adjustments Effect to Adjustments -------- --------------------- --------------------- Balance at beginning of period $ 851 $ (851) $ - Net Loss - - - -------- -------- -------- Balance at end of period $ 851 $ (851) $ - ======== ======== ========
NORTHEAST NUCLEAR ENERGY COMPANY PRO FORMA CAPITAL STRUCTURE AS OF SEPTEMBER 30, 2002 (UNAUDITED) (THOUSANDS OF DOLLARS)
Pro Forma Giving Per Book Pro Forma Adjustments Effect to Adjustments -------- --------------------- --------------------- Common stockholder's equity $16,095 $(16,095) $ - -------- -------- -------- Total Capitalization $16,095 $(16,095) $ - ======== ======== ========
NORTHEAST NUCLEAR ENERGY COMPANY PRO FORMA ADJUSTMENTS TO FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2002 (THOUSANDS OF DOLLARS)
Debit Credit ----- ------ a) Cash and cash equivalents 16,095 Notes receivable from affiliated companies 16,095 To record transfer of cash to fund dividends and repurchase common stock. b) Retained earnings 851 Dividend payable 851 To record declaration of dividend payable to NU parent. c) Dividend payable 851 Cash and cash equivalents 851 To record dividend payment to NU parent. d) Common Stock 15 Capital surplus, paid in 15,229 Cash and cash equivalents 15,244 To record repurchase of outstanding common stock from NU parent. Note 1> On an NU consolidated basis, the pro forma adjustments herein have no impact, due to the intercompany eliminations of money pool and investment in subsidiary accounts. Note 2> On an NU parent basis, the only impact from the pro forma adjustments herein reduces its investment in subsidiary account and increases its cash and cash equivalents account.