EX-99.5 8 dex995.txt INCOME STATEMENT Exhibit 99.5 Page 11
CASE NAME: Aerovox, Inc. INCOME STATEMENT FORM OPR-5 CASE NUMBER: 01-14680 jnf FOR MONTH ENDED: December 01, December 29, January 26, February 23, March 30, FILING 2001 2001 2002 2002 2002 TO DATE -------------- -------------- -------------- -------------- -------------- ------------ NET REVENUE (INCOME) $5,275,190 $3,615,244 $4,348,787 $4,393,907 $5,824,946 $47,234,373 -------------- -------------- -------------- -------------- -------------- ------------ COST OF GOODS SOLD: Materials 3,098,513 2,042,127 2,604,864 2,815,366 3,547,290 27,723,519 -------------- -------------- -------------- -------------- -------------- ------------ Labor 457,118 317,440 360,765 490,911 597,403 4,489,707 -------------- -------------- -------------- -------------- -------------- ------------ Manufacturing Overhead 977,402 680,790 811,011 1,026,348 1,277,831 9,446,229 -------------- -------------- -------------- -------------- -------------- ------------ COST OF GOODS SOLD AT STANDARD 4,533,033 3,040,357 3,776,640 4,332,625 5,422,524 41,659,456 -------------- -------------- -------------- -------------- -------------- ------------ Variances (favorable)/ unfavorable 448,862 (238,579) 134,480 (342,209) (54,515) 212,537 -------------- -------------- -------------- -------------- -------------- ------------ ACTUAL COST OF GOODS SOLD 4,981,895 2,801,778 3,911,119 3,990,416 5,368,008 41,871,992 -------------- -------------- -------------- -------------- -------------- ------------ GROSS PROFIT 293,295 813,466 437,668 403,492 456,938 5,362,381 -------------- -------------- -------------- -------------- -------------- ------------ OPERATING EXPENSES: Selling and Marketing 161,382 122,768 119,104 134,513 212,677 1,308,337 -------------- -------------- -------------- -------------- -------------- ------------ R & D and Product Services 95,950 80,489 83,704 79,004 97,189 885,616 -------------- -------------- -------------- -------------- -------------- ------------ General and Administrative 574,064 391,403 350,358 333,772 718,069 3,949,460 -------------- -------------- -------------- -------------- -------------- ------------ TOTAL OPERATING EXPENSES 831,396 594,660 553,166 547,289 1,027,935 6,143,413 ============== ============== ============== ============== ============== ============ INCOME BEFORE INTEREST, DEPRECIATION, TAXES, OR EXTRAORDINARY EXPENSES (538,101) 218,805 (115,498) (143,798) (570,997) (781,032) -------------- -------------- -------------- -------------- -------------- ------------ INTEREST EXPENSE 167,026 162,683 141,470 144,052 184,368 1,570,308 -------------- -------------- -------------- -------------- -------------- ------------ DEPRECIATION 292,399 283,689 286,545 267,909 268,358 2,803,276 -------------- -------------- -------------- -------------- -------------- ------------ INCOME TAX EXPENSE (BENEFIT) 0 (61,536) 0 0 36,901 52,527 -------------- -------------- -------------- -------------- -------------- ------------ OTHER INCOME (EXPENSE) (13,198) (131,548) (568,939) 29,160 (123,280) (1,965,912) -------------- -------------- -------------- -------------- -------------- ------------ NET INCOME (LOSS) ($1,010,724) ($297,579) ($1,112,452) ($526,599) ($1,183,903) ($7,173,055) ============== ============== ============== ============== ============== ============