-----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, J1XqiVFvQa0mMsCplJQXyfoha/M0IA9aSPidldBBFWArEY/+ccRIx3iKLRvhSbMt 2RwzpH+nyorcljnGxDIonA== 0000785791-95-000006.txt : 19951004 0000785791-95-000006.hdr.sgml : 19951004 ACCESSION NUMBER: 0000785791-95-000006 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19950515 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19951002 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASSOCIATED PLANNERS REALTY FUND CENTRAL INDEX KEY: 0000785791 STANDARD INDUSTRIAL CLASSIFICATION: LESSORS OF REAL PROPERTY, NEC [6519] IRS NUMBER: 954036980 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-16805 FILM NUMBER: 95578103 BUSINESS ADDRESS: STREET 1: 5933 W CENTURY BLVD STREET 2: 9TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90045-5454 BUSINESS PHONE: 3106700800 MAIL ADDRESS: STREET 1: 5933 W CENTURY BLVD STREET 2: 9TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90045-5454 8-K/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ FORM 8-K/A AMENDMENT TO GENERAL FORM FOR REGISTRATION OF SECURITIES Filed pursuant to Section 13 or 15(d) of THE SECURITIES EXCHANGE ACT OF 1934 ASSOCIATED PLANNERS REALTY FUND (Exact name of registrant as specified in its charter) AMENDMENT NO. 1 File No. 0-16805 The undersigned Registrant hereby amends the following items, financial statements, exhibits or other portions of its General Form for Registration of Securities on Form 8-K as set forth in the pages attached hereto: 8-K for the Period ending May 15, 1995 Item 2 Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Amendment to be signed on its behalf by the undersigned thereunto duly authorized. Associated Planners Realty Fund. (Registrant) Date: By: West Coast Realty Advisors, Inc. (Advisor) By: Michael G. Clark, Vice President/Treasurer ASSOCIATED PLANNERS REALTY FUND AND CONSOLIDATED ENTITIES A CALIFORNIA LIMITED PARTNERSHIP EXPLANATION OF AND ADJUSTMENTS TO PRO FORMA INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 1994 The pro forma income statement gives the operating results of the Partnership for the year ended Decomber 31, 1994 as if the sale of the Shurgard mini-warehouse had taken place on December 31, 1994. The gain on sale of the property ($116,749) and any interest income that was earned on cash held between the time of sale and distribution to investors, is not reflected in these pro-forma financial statements. Explanation of adjustments (1) Rental income - to deduct the actual rental income earned on the property during calendar 1994. (2) Operating Costs - to deduct property management fees, property taxes, and other property-related costs incurred during calendar 1994. (3) Depreciation Expense - to reduce depreciation expense for amount incurred in connection with the Shurgard property during 1994. ASSOCIATED PLANNERS REALTY FUND AND CONSOLIDATED ENTITIES A CALIFORNIA LIMITED PARTNERSHIP PRO FORMA INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 1994 For the year Pro Forma For the year ended Adjustments ended December 31,1994 December 31,1994 (adjusted)
REVENUES Rental $749,824 ($295,271) (1) $454,553 Interest 5,126 0 5,126 754,950 (295,271) 459,679 COSTS AND EXPENSES Operating 295,890 (127,405) (2) 168,485 General and Administrative 108,025 108,025 Depreciation 141,493 (33,984) (3) 107,509 Unrealized loss governement securities 2,757 0 2,757 548,165 (161,389) 386,776 LESS MINORITY INTEREST IN NET LOSS OF JOINT VENTURE 11,107 11,107 NET INCOME 217,892 (133,882) 84,010 NET INCOME PER LIMITED PARTNERSHIP UNIT $24.45 $9.43
ASSOCIATED PLANNERS REALTY FUND AND CONSOLIDATED ENTITIES A CALIFORNIA LIMITED PARTNERSHIP EXPLANATION OF AND ADJUSTMENTS TO PRO FORMA BALANCE SHEET DECEMBER 31, 1994 The pro forma balance sheet gives the financial condition of the Partnership as if the sale of the Shurgard Mini-warehouse facility had taken place on December 31, 1994. No effect is given to the eventual distribution of proceeds of the sale that took place approximately one month after consummation of the sale. Explanation of adjustments (A) To record the sale of the property. Among the balance sheet items affected by the sale of the property are: Rental Real Estate - To record the decrease in balance based on the book value at the time of sale. The book value was not increased for the depreciation expense incurred from January 1, 1995 to May 15, 1995; such amount was nominal. Other Assets - Reduction in rent receivable pertaining to amounts due from tenants at the time of sale. Accounts Payable - Reduction in amounts due to vendors pertaining to amounts due at the time of sale. Security deposits and prepaid rent - Reduction for amounts that transferred to the buyer of the property at the time of sale. Cash - Net cash received from the Partnership from the sale of the Shurgard property. Amount of cash actually received in connection with the sale of property was $1,522,182. The $11,206 reduction pertains to the transfer of accounts payable, security deposits, prepaid rent and other assets mentioned above. ASSOCIATED PLANNERS REALTY FUND AND CONSOLIDATED ENTITIES A CALIFORNIA LIMITED PARTNERSHIP PRO FORMA BALANCE SHEET DECEMBER 31, 1994 DECEMBER 31, PRO FORMA DECEMBER 31, 1994 ADJUSTMENTS 1994 (AS ADJUSTED)
ASSETS RENTAL REAL ESTATE 5,982,471 (1,405,433) (A) 4,577,038 CASH 36,227 1,510,976 (A) 1,547,203 INVESTMENT-GOVERNMENT SECURITIES 55,554 55,554 CONSTRUCTION IN PROGRESS 68,411 68,411 OTHER ASSETS 112,713 (3,228) (A) 109,485 TOTAL ASSETS 6,255,376 102,315 6,357,691 LIABILITIES AND PARTNERS EQUITY ACCOUNTS PAYABLE 24,757 (3,866) (A) 20,891 SECURITY DEPOSITS AND PREPAID RENT 20,103 (10,568) (A) 9,535 TOTAL LIABILITIES 44,860 (14,434) 30,426 MINORITY INTEREST 224,618 224,618 PARTNERS EQUITY LIMITED 5,653,977 105,074 (A) 5,759,051 PARTNERS EQUITY GENERAL 331,921 11,675 (A) 343,596 TOTAL PARTNERS EQUITY 5,985,898 116,749 6,102,647 TOTAL LIABILITIES AND EQUITY 6,255,376 102,315 6,357,691
ASSOCIATED PLANNERS REALTY FUND AND CONSOLIDATED ENTITIES A CALIFORNIA LIMITED PARTNERSHIP EXPLANATION OF AND ADJUSTMENTS TO PRO FORMA INCOME STATEMENT FOR THE THREE MONTHS ENDED MARCH 31, 1995 The pro forma income statement gives the operating results of the Partnership for the quarter ended March 31, 1995 as if the sale of the Shurgard mini-warehouse had taken place on December 31, 1994. The gain on the sale of the property ($116,749) and any interest income that was earned on cash held between the time of sale and the distribution to investors, is not reflected in these pro forma financial statements. Explanation of adjustments 1) Rental income - to deduct the actual rental income earned on the property during the first three months of the year. 2) Operating Costs - to deduct property management fees, property taxes, and other property-related costs incurred during the first quarter of 1995 in connection with the operation of the property. 3) Depreciation Expense - to reduce depreciation expense by the amount charged during the first three months of the year. ASSOCIATED PLANNERS REALTY FUND AND CONSOLIDATED ENTITIES A CALIFORNIA LIMITED PARTNERSHIP PRO FORMA INCOME STATEMENT FOR THE THREE MONTHS ENDED MARCH 31, 1995 For the three Pro Forma For the three months ended Adjustments months ended March 31, 1995 March 31, 1995 (adjusted)
REVENUES Rental $189,017 ($72,342) (1) $116,675 Interest 878 0 878 189,895 (72,342) 117,553 COSTS AND EXPENSES Operating 71,615 (40,877) (2) 30,738 General and Administrative 31,555 31,555 Depreciation 36,231 (8,460) (3) 27,771 139,401 (49,337) 90,064 LESS MINORITY INTEREST IN NET INCOME (LOSS) OF JOINT VENTURE (2,030) (2,030) NET INCOME $48,464 ($23,005) $25,459 NET INCOME PER LIMITED PARTNERSHIP UNIT $5.38 $2.83
-----END PRIVACY-ENHANCED MESSAGE-----