EX-99.2 4 dex992.txt COMPARATIVE BALANCE SHEETS Exhibit 99.2 Page 6
CASE NAME: Aerovox, Inc. COMPARATIVE BALANCE SHEET CASE NUMBER: 01-14680 jnf FOR MONTH ENDED: FORM OPR-1 FILING DATE MONTH MONTH MONTH MONTH MONTH MONTH 6/6/2001 7/28/2001 8/25/2001 9/29/2001 10/27/2001 12/1/2001 12/29/2001 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ASSETS CURRENT ASSETS: Cash 432,066 3,216,732 2,647,429 3,309,063 3,942,222 4,479,522 4,019,746 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Other negotiable instruments (i.e. CD's, Treasury Bills, etc.) 0 0 0 0 0 0 0 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Accounts Receivable, Gross (OPR-3) 9,303,471 8,296,232 8,653,189 8,252,242 7,769,402 7,467,141 7,230,853 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Less: Allowance for doubtful accounts (470,686) (489,852) (1,289,852) (1,304,057) (1,327,909) (1,340,439) (1,350,439) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Inventory, at cost 13,626,488 12,306,850 12,086,700 11,548,622 11,492,000 10,832,578 10,649,769 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Prepaid expenses and other current assets 326,088 774,440 132,026 93,066 50,405 86,073 110,268 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Other: Intercompany receivables (payables) 1,474,587 1,318,933 1,836,725 709,372 425,860 193,415 505,851 ----------- ----------- ----------- ----------- ----------- ----------- ----------- TOTAL CURRENT ASSETS 24,692,013 $25,423,335 $24,066,217 $22,608,307 $22,351,980 $21,718,290 $21,166,047 ----------- ----------- ----------- ----------- ----------- ----------- ----------- PROPERTY, PLANT, AND EQUIPMENT, AT COST 50,433,309 50,422,044 50,457,405 50,491,398 50,501,177 50,522,978 50,528,861 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Less: Accumulated Depreciation (23,448,974) (24,037,799) (24,324,559) (24,567,963) (24,853,350) (25,145,749) (25,429,439) ----------- ----------- ----------- ----------- ----------- ----------- ----------- NET PROPERTY, PLANT AND EQUIPMENT 26,984,334 $26,384,245 $26,132,847 $25,923,435 $25,647,828 $25,377,229 $25,099,422 =========== =========== =========== =========== =========== =========== =========== OTHER ASSETS Investments 14,100,192 14,380,821 14,437,685 15,789,439 15,663,076 15,712,152 15,522,849 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Other: Def. Fin. Cost and Org Costs 178,687 176,521 175,438 174,355 173,272 172,189 171,106 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Other Assets (includes deposits) 4,747,373 4,800,629 5,301,886 5,119,287 5,223,585 5,347,997 5,114,243 ----------- ----------- ----------- ----------- ----------- ----------- ----------- TOTAL ASSETS $70,702,599 $71,165,551 $70,114,072 $69,614,823 $69,059,741 $68,327,858 $67,073,667 =========== =========== =========== =========== =========== =========== ===========
Exhibit 99.2 Page 7
CASE NAME: Aerovox, Inc. CASE NUMBER: 01-14680 jnf FORM OPR-2 FILING DATE MONTH MONTH MONTH MONTH MONTH MONTH 6-Jun-01 28-Jul-01 25-Aug-01 29-Sep-01 10/27/01 12/01/01 12/29/01 ----------- ----------- ----------- ----------- ----------- ----------- ----------- LIABILITIES POST PETITION LIABILITIES (OPR-4) - 966,949 1,214,663 1,295,437 1,780,479 2,087,607 1,551,132 ----------- ----------- ----------- ----------- ----------- ----------- ----------- PRE PETITION LIABILITIES Priority Debt 1,104,801 834,979 794,862 855,449 804,373 777,612 386,453 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Secured Debt 28,505,919 28,505,919 28,505,919 29,300,919 29,300,919 29,300,919 29,300,919 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Unsecured Debt 20,242,342 20,673,500 20,304,617 19,509,617 19,509,617 19,509,617 19,509,617 =========== =========== =========== =========== =========== =========== =========== TOTAL PRE PETITION LIABILITIES 49,853,063 50,014,399 49,605,398 49,665,985 49,614,910 49,588,148 49,196,989 ----------- ----------- ----------- ----------- ----------- ----------- ----------- OTHER LIABILITIES PER BOOK 4,867,987 4,604,697 4,604,697 5,285,408 5,285,408 5,285,408 5,499,934 ----------- ----------- ----------- ----------- ----------- ----------- ----------- TOTAL LIABILITIES 54,721,050 55,586,045 55,424,758 56,246,831 56,680,798 56,961,164 56,248,055 ----------- ----------- ----------- ----------- ----------- ----------- ----------- SHAREHOLDER'S EQUITY (DEFICIT) REDEEMABLE COMMON STOCK 1,746,400 1,670,495 1,482,800 1,524,800 1,373,800 1,253,800 1,249,800 ----------- ----------- ----------- ----------- ----------- ----------- ----------- COMMON STOCK 5,450,979 5,450,979 5,450,979 5,450,979 5,450,979 5,450,979 5,450,979 ----------- ----------- ----------- ----------- ----------- ----------- ----------- PAID IN CAPITAL 1,172,366 1,172,366 1,172,366 1,172,366 1,172,366 1,172,366 1,172,366 ----------- ----------- ----------- ----------- ----------- ----------- ----------- RETAINED EARNINGS Through Filing Date 9,674,670 9,674,670 9,674,670 9,674,670 9,674,670 9,674,670 9,674,670 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Post Filing Date 0 (437,156) (1,119,359) (1,931,786) (2,669,197) (3,559,922) (3,853,500) ----------- ----------- ----------- ----------- ----------- ----------- ----------- ACCUMULATED OTHER COMPREHENSIVE PROFIT (2,062,867) (1,951,849) (1,972,142) (2,523,036) (2,623,675) (2,625,199) (2,868,703) ----------- ----------- ----------- ----------- ----------- ----------- ----------- TOTAL SHAREHOLDERS' EQUITY 15,981,549 15,579,505 14,689,315 13,367,992 12,378,943 11,366,694 10,825,612 ----------- ----------- ----------- ----------- ----------- ----------- ----------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $70,702,599 $71,165,551 $70,114,072 $69,614,823 $69,059,741 $68,327,858 $67,073,667 =========== =========== =========== =========== =========== =========== ===========
* Massachusetts state income tax liability calculated to be $77,000, and various franchise tax liability totaling $38,000 over the amount previously accrued. ** Corrections to classifications of two liabilities: 1.) Reclassification of Industrial Revenue Bond liability from secured to unsecured ($684,000). 2.) Reclassification of note payable to prior owners of Mexico City business guarenteed by pledge of Aerovox de Mexico stock from unsecured to secured ($1,591,000).