EX-99.2 4 dex992.txt COMP. BALANCE SHEETS 4/28-5/25/02 Exhibit 99.2 Page 6 COMPARATIVE BALANCE SHEET FORM OPR-1 FOR MONTH ENDED: CASE NAME: Aerovox, Inc. CASE NUMBER: 01-14680 jnf
1/26/2002 2/23/2002 3/30/2002 4/27/2002 5/25/2002 ------------ ------------ ------------ ------------ ------------ ASSETS CURRENT ASSETS: Cash $ 4,033,165 $ 3,547,973 $ 3,485,561 $ 3,516,778 $ 4,578,641 ------------ ------------ ------------ ------------ ------------ Other negotiable instruments (i.e. CD's, Treasury Bills, etc.) 0 0 0 0 0 ------------ ------------ ------------ ------------ ------------ Accounts receivable, gross (OPR-3) 7,167,409 7,698,454 7,498,202 7,458,906 7,695,437 ------------ ------------ ------------ ------------ ------------ Less: Allowance for doubtful accounts (1,359,439) (1,368,595) (973,473) (983,473) (995,173) ------------ ------------ ------------ ------------ ------------ Inventory, at cost 10,257,300 10,068,804 9,699,305 9,908,088 9,613,857 ------------ ------------ ------------ ------------ ------------ Prepaid expenses and other current assets 174,304 193,414 158,018 123,719 89,769 ------------ ------------ ------------ ------------ ------------ Other: Intercompany receivables (payables) 620,899 413,359 208,359 625,566 1,481,182 ------------ ------------ ------------ ------------ ------------ TOTAL CURRENT ASSETS 20,893,637 20,553,408 20,075,971 20,649,584 22,463,713 ------------ ------------ ------------ ------------ ------------ PROPERTY, PLANT, AND EQUIPMENT, AT COST 49,481,592 49,483,072 49,483,286 49,486,509 49,486,509 ------------ ------------ ------------ ------------ ------------ Less: Accumulated depreciation (25,032,360) (25,300,269) (25,568,732) (25,837,088) (26,105,443) ------------ ------------ ------------ ------------ ------------ NET PROPERTY, PLANT AND EQUIPMENT 24,449,232 24,182,803 23,914,554 23,649,421 23,381,066 ------------ ------------ ------------ ------------ ------------ OTHER ASSETS Investments 15,287,298 15,402,070 15,310,416 14,661,274 8,967,965 ------------ ------------ ------------ ------------ ------------ Other: Def. fin. cost and org costs 170,023 168,940 167,857 166,774 165,691 ------------ ------------ ------------ ------------ ------------ Other assets (includes deposits) 5,144,145 5,246,874 5,162,920 5,124,481 5,104,495 ------------ ------------ ------------ ------------ ------------ TOTAL ASSETS $ 65,944,337 $ 65,554,095 $ 64,631,719 $ 64,251,534 $ 60,082,931 ============ ============ ============ ============ ============
Exhibit 99.2 Page 7 CASE NAME: Aerovox, Inc. CASE NUMBER: 01-14680 jnf FORM OPR-2
01/26/02 02/23/02 03/30/02 04/27/02 05/25/02 ----------- ------------ ------------ ------------ ------------ LIABILITIES POST PETITION LIABILITIES (OPR-4) $ 1,679,602 $ 2,067,654 $ 2,653,424 $ 2,928,695 $ 3,440,899 ----------- ----------- ----------- ----------- ----------- PRE PETITION LIABILITIES Priority debt 228,490 228,490 228,490 228,490 228,490 ----------- ----------- ----------- ----------- ----------- Secured debt 29,300,919 29,300,919 29,300,919 29,300,919 26,100,919 ----------- ----------- ----------- ----------- ----------- Unsecured debt 19,509,617 19,283,684 18,997,942 18,997,942 18,997,942 ----------- ----------- ----------- ----------- ----------- TOTAL PRE PETITION LIABILITIES 49,039,027 48,813,093 48,527,351 48,527,351 45,327,351 ----------- ----------- ----------- ----------- ----------- OTHER LIABILITIES PER BOOK 5,499,934 5,499,934 5,499,934 5,499,934 5,499,934 ----------- ----------- ----------- ----------- ----------- TOTAL LIABILITIES 56,218,563 56,380,682 56,680,710 56,955,981 54,268,185 ----------- ----------- ----------- ----------- ----------- SHAREHOLDERS' EQUITY REDEEMABLE COMMON STOCK 1,099,800 1,071,800 937,800 885,800 718,800 ----------- ----------- ----------- ----------- ----------- COMMON STOCK 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 ----------- ----------- ----------- ----------- ----------- RETAINED EARNINGS Through filing date 9,674,670 9,674,670 9,674,670 9,674,670 9,674,670 ----------- ----------- ----------- ----------- ----------- Post filing date (4,815,953 (5,314,553) (6,364,455) (6,998,329) (7,945,525) ----------- ----------- ----------- ----------- ----------- ACCUMULATED OTHER COMPREHENSIVE PROFIT (LOSS) (2,856,089 (2,881,849) (2,920,351) (2,889,933) (3,256,544) ----------- ----------- ----------- ----------- ----------- TOTAL SHAREHOLDERS' EQUITY 9,725,774 9,173,413 7,951,009 7,295,553 5,814,746 ----------- ----------- ----------- ----------- ----------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $65,944,337 $65,554,095 $64,631,719 $64,251,534 $60,082,931 =========== ============ ============ ============ ===========