EX-99.3 OTHER FIN ST 11 nnecoproforma81.txt NNEC BAL. SHEET NORTHEAST NUCLEAR ENERGY COMPANY 8.1 PRO FORMA BALANCE SHEET -- ASSETS AS OF DECEMBER 31, 2002 Unaudited (Thousands of Dollars)
PRO FORMA GIVING PRO EFFECT FORMA TO PER BOOK ADJ. ADJ. ASSETS ------------------------------ Current Assets: Cash and cash equivalents $ 54 $ 75,000 a $ 75,054 Notes receivable from affiliated companies 52,300 52,300 Notes and accounts receivable, net 727 727 ---------- ---------- ---------- 53,081 75,000 128,081 ---------- ---------- ---------- Deferred Debits and Other Assets: Other 66 66 ---------- ---------- ---------- 66 66 ---------- ---------- ---------- Total Assets $ 53,147 $ 75,000 $ 128,147 ========== ========== ==========
PRO FORMA GIVING PRO EFFECT FORMA TO PER BOOK ADJ. ADJ. LIABILITIES AND CAPITALIZATION ------------------------------ Current Liabilities: Notes payable to banks $ - $ 75,000 a $ 75,000 Accounts payable 110 110 Accounts payable to affiliated companies 4,125 4,125 Accrued taxes 799 (677) b 123 Accrued pension 49,439 b 49,439 Accrued Interest - 1,691 1,691 Other 5 5 ---------- ---------- ---------- 54,478 76,015 130,493 ---------- ---------- ---------- Deferred Credits and Other Liabilities: Accumulated deferred income taxes (28,353) (28,353) Accumulated deferred investment tax credits 1,562 1,562 Other 9,244 9,244 ---------- ---------- ---------- (17,547) - (17,547) ---------- ---------- ---------- Capitalization: Common Stockholder's Equity: Common stock 15 15 Capital surplus, paid in 15,350 15,350 Retained earnings 851 (1,015) b (164) ---------- ---------- ---------- Common Stockholder's Equity 16,216 (1,015) 15,201 ---------- ---------- ---------- Total Capitalization 16,216 (1,015) 15,201 ---------- ---------- ---------- Total Liabilities and Capitalization $ 53,147 $ 75,000 $ 128,147 ========== ========== ==========
NORTHEAST NUCLEAR ENERGY COMPANY 8.2 PRO FORMA INCOME STATEMENT FOR THE 12 MONTHS ENDED DECEMBER 31, 2002 Unaudited (Thousands of Dollars)
PRO FORMA GIVING PRO EFFECT FORMA TO PER BOOK ADJ. ADJ. Operating Revenues $ - $ $ - ---------- ---------- ---------- Operating Expenses - - Operating Loss - - ---------- ---------- ---------- Other Income, net - - - Interest Expense - 1,691 b 1,691 Loss Before Income Tax Benefit - (1,691) (1,691) ---------- ---------- ---------- Income Tax Benefit - (677) b (677) ---------- ---------- ---------- Net Loss $ - $ (1,015) $ (1,015) ========== ========== ==========
NORTHEAST NUCLEAR ENERGY COMPANY 8.2 PRO FORMA STATEMENT OF RETAINED EARNINGS FOR THE 12 MONTHS ENDED DECEMBER 31, 2002 Unaudited (Thousands of Dollars)
PRO FORMA GIVING PRO EFFECT FORMA TO PER BOOK ADJ. ADJ. Balance at beginning of period $ 851 $ $ 851 Net loss - (1,015) b (1,015) ---------- ---------- ---------- Balance at end of period $ 851 $ (1,015) $ (164) ========== ========== ==========
NORTHEAST NUCLEAR ENERGY COMPANY 8.2 PRO FORMA CAPITAL STRUCTURE AS OF DECEMBER 31, 2002 Unaudited (Thousands of Dollars)
PRO FORMA GIVING PRO EFFECT FORMA TO PER BOOK ADJ. ADJ. Common stockholder's equity $ 16,216 $ (1,015) b $ 15,201 ---------- ---------- ---------- Total Capitalization $ 16,216 $ (1,015) $ 15,201 ========== ========== ==========
NORTHEAST NUCLEAR ENERGY COMPANY 8.2 PRO FORMA ADJUSTMENTS TO FINANCIAL STATEMENTS (Thousands of Dollars) Debit Credit a) Cash and cash equivalents 75,000 Notes payable to banks 75,000 To record the issuance of additional short-term debt. b) Other interest 1,691 Accrued taxes 677 Accrued interest 1,691 Income tax benefit 677 To record interest expense associated with increased level of short-term debt and related tax effect.