-----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, H8mDIzGyzQLvMZ3EmPvMygOWk5gY43nu107Xf6NPZuyfbzbOg0OAhcCFaDU+w9ue hjLqe1YbUup//uBstpqs9w== 0000859765-06-000026.txt : 20061107 0000859765-06-000026.hdr.sgml : 20061107 20061107124726 ACCESSION NUMBER: 0000859765-06-000026 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060930 FILED AS OF DATE: 20061107 DATE AS OF CHANGE: 20061107 EFFECTIVENESS DATE: 20061107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KAVILCO INC/WA/ CENTRAL INDEX KEY: 0000859765 IRS NUMBER: 920045958 STATE OF INCORPORATION: AK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06027 FILM NUMBER: 061192945 BUSINESS ADDRESS: STREET 1: ONE UNION SQUARE STREET 2: SUITE 3010 CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 2066246166 N-Q 1 nq0906.txt QUARTERLY PORTFOLIO REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-6027 KAVILCO INCORPORATED (Exact name of registrant as specified in charter) 600 UNIVERSITY STREET, SUITE 3010 SEATTLE, WASHINGTON 98101-1129 (Address of Principal executive offices) (Zip Code) Registrant's telephone number, including area code: (206) 624-6166 Date of fiscal year end: December 31, 2006 Date of reporting period: September 30, 2006 ITEM 1. SCHEDULE OF INVESTMENTS KAVILCO INCORPORATED SCHEDULE OF INVESTMENTS For period ended September 30, 2006 (unaudited) PRINCIPAL AMOUNT/SHARES VALUE U.S. GOVERNMENT SECURITIES U.S. Treasury Bond 7.250% due 05-15-16 2,000,000 2,396,875 Federal Home Loan Bank 4.000% due 06-29-07 2,000,000 1,981,875 3.375% due 12-28-07 1,000,000 997,187 3.500% due 12-17-09 1,000,000 996,562 4.000% due 06-30-10 1,000,000 986,875 Federal National Mortgage Association, 6.210% due 11-07-07 1,000,000 1,011,529 6.150% due 12-10-07 1,000,000 1,012,047 4.000% due 12-14-07 1,000,000 986,562 3.375% due 07-07-10 1,000,000 986,875 ----------- Total U.S. Government Securities (adjusted cost $11,466,862) 11,356,388 ----------- CORPORATE BONDS Beverage (soft drink) Coca-Cola Enterprises 8.500% due 02-01-12 700,000 808,163 Diversified financial services General Electric Capital Corp. 8.500% due 07-24-08 1,000,000 1,054,043 Electric utility Potomac Electric Power 6.500% due 03-15-08 190,000 192,683 Entertainment Walt Disney Co. 5.800% due 10-27-08 290,000 292,609 Food Processing Heinz Corp., 6.000% due 03-15-08 229,000 230,498 Retail store Dayton Hudson 8.600% due 01-15-12 100,000 115,561 Wal-Mart Stores 6.875% due 08-10-09 1,000,000 1,047,229 Securities brokerage Bear Stearns Co. Inc. 7.625% due 12-07-09 1,000,000 1,071,725 Merrill Lynch & Co. 6.375% due 10-15-08 1,000,000 1,021,361 Telecommunication services Pacific Bell 6.125% due 02/15/08 1,000,000 1,009,213 Total Corporate Bonds ----------- (adjusted cost $6,546,235) 6,843,086 ----------- COMMON STOCK Coal Industry Fording Canadian Coal Trust 500 13,265 Computer Software & Services Microsoft Corp. 3,640 99,554 Exchange Traded Funds Streettracks Gold Trust 160 9,515 Foreign Telecommunications Industry Telecom Corp. of New Zealand LTD 700 15,701 Natural Gas (diversified) Kinder Morgan Energy Partners 400 17,552 Oil Refining & Marketing Sasol Limited 300 9,867 Suncor Energy Inc. 300 21,615 Sunoco Inc. 300 18,657 Valero Energy Corp. 450 23,161 ----------- Total Common Stock (adjusted cost $183,352) 228,888 ----------- CASH & EQUIVALENTS Money Market 15,864,917 ----------- Total investments in securities (identified cost $34,061,366) TOTAL PORTFOLIO VALUE $34,293,279 ===========
ITEM 2. CONTROLS AND PROCEDURES (a)The registrant's President/Chief Executive Officer and Chief Financial Officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3 (c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these disclosure controls and procedures as of a date within 90 days of the filing date of this document. (b)There were no significant changes in the registrant's internal control over financial reporting that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. ITEM 3. - EXHIBITS The following exhibits are attached to this Form N-Q: (a) Certification of President/Chief Executive Officer (b) Certification of Chief Financial Officer SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of Kavilco Incorporated and in the capacities and on the dates indicated. By /s/Louis A. Thompson Louis A. Thompson Chief Executive Officer Date: November 7, 2006 By /s/Scott Burns Scott Burns Chief Financial Officer Date: November 7, 2006 EX-99.CERT 2 nqlatcert.txt CEO CERTIFICATION CERTIFICATION OF CHIEF EXECUTIVE OFFICER I, Louis A. Thompson, Chief Executive Officer, certify that: 1. I have reviewed this report on Form N-Q of Kavilco Incorporated (Kavilco); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments in this report fairly present in all material respects the investments of Kavilco as of the end of the fiscal quarter for which the report is filed; 4. Kavilco's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company act of 1940) for Kavilco and have: (a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to Kavilco is made known to us by others within those entities,particularly during the period in which this report is being prepared; (b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c)Evaluated the effectiveness of Kavilco's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and (d)Disclosed in this report any change in Kavilco's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. Kavilco's other certifying officer and I have disclosed, to Kavilco's auditors and Kavilco's Board of Directors acting as audit committee (or persons performing the equivalent functions): (a)All significant deficiencies in the design or operation of internal controls which could adversely affect Kavilco's ability to record, process, summarize, and report financial information; (b)Any fraud, whether or not material, that involves manage- ment or other employees who have a significant role in the Kavilco's internal control over financial reporting. /s/Louis A. Thompson Louis A. Thompson Chief Executive Officer Date: November 7, 2006 EX-99.CERT 3 nqsbcert.txt CFO CERTIFICATION CERTIFICATION OF CHIEF FINANCIAL OFFICER I, Scott Burns, Chief Financial Officer, certify that: 1. I have reviewed this report on Form N-Q of Kavilco Incorporated (Kavilco); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, schedules of investments in this report fairly present in all material respects the investments of Kavilco as of the end of the fiscal quarter for which the report is filed; 4. Kavilco's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company act of 1940) for Kavilco and have: (a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to Kavilco is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c)Evaluated the effectiveness of Kavilco's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and (d)Disclosed in this report any change in Kavilco's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. Kavilco's other certifying officer and I have disclosed, to Kavilco's auditors and Kavilco's Board of Directors acting as audit committee (or persons performing the equivalent functions): (a)All significant deficiencies in the design or operation of internal controls which could adversely affect Kavilco's ability to record, process, summarize, and report financial information; (b)Any fraud, whether or not material, that involves manage- ment or other employees who have a significant role in the Kavilco's internal control over financial reporting. /s/Scott Burns Scott Burns Chief Financial Officer Date: November 7, 2006 -----END PRIVACY-ENHANCED MESSAGE-----