MONTHLY OPERATING REPORT OF DAISYTEK INTERNATIONAL

Monthly Operating Report

CASE NAME:

Daisytek International Corporation

ACCRUAL BASIS-1

CASE NUMBER:

03-35724-SAF-11

02/13/95, RWD, 2/96

EX-99.1 3 dex991.htm MONTHLY OPERATING REPORT OF DAISYTEK INTERNATIONAL MONTHLY OPERATING REPORT OF DAISYTEK INTERNATIONAL

Exhibit 99.1

		Monthly Operating Report

CASE NAME:	Daisytek International Corporation	ACCRUAL BASIS

CASE NUMBER:	03-35724-SAF-11	02/13/95, RWD, 2/96

JUDGE:	H.D. Hale

UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF TEXAS

6 DIVISION

MONTHLY OPERATING REPORT

MONTH ENDING: July 31, 2003

IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.

RESPONSIBLE PARTY:

/s/ Eric T. Logan		Interim Chief Financial Officer
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY		TITLE

Eric T. Logan		August 20, 2003
PRINTED NAME OF RESPONSIBLE PARTY		DATE

PREPARER:

/s/ Mark Corjay		Vice President, Controller
ORIGINAL SIGNATURE OF PREPARER		TITLE

Mark Corjay		August 20, 2003
PRINTED NAME OF PREPARER		DATE

COMPARATIVE BALANCE SHEET

		SCHEDULE AMOUNT		MONTH			MONTH			MONTH
		SCHEDULE AMOUNT		6/30/2003			Jul-03
ASSETS
1.	UNRESTRICTED CASH
2.	RESTRICTED CASH
3.	TOTAL CASH	$	0	$	0		$	0		$	0

4.	ACCOUNTS RECEIVABLE (NET)	$	0
5.	INVENTORY
6.	NOTES RECEIVABLE
7.	PREPAID EXPENSES
8.	OTHER - InterCompany A/R	$	0	$	50,642,641		$	51,018,197
9.	TOTAL CURRENT ASSETS	$	0	$	50,642,641		$	51,018,197		$	0

10.	PROPERTY, PLANT & EQUIPMENT
11.	LESS: ACCUMULATED DEPRECIATION / DEPLETION
12.	NET PROPERTY, PLANT & EQUIPMENT	$	0	$	0		$	0		$	0

13.	DUE FROM INSIDERS			$	1,380,999		$	1,380,999
14.	OTHER ASSETS - Reserve-due from Insiders			$	(1,380,999	)	$	(1,380,999	)
15	OTHER -Investment in Daisytek			$	31,185,325		$	31,185,325
16.	TOTAL ASSETS	$	0	$	81,827,966		$	82,203,522		$	0

POSTPETITION LIABILITIES
17.	ACCOUNTS PAYABLE			$	784,233		$	1,169,138
18.	TAXES PAYABLE
19.	NOTES PAYABLE
20.	PROFESSIONAL FEES
21.	SECURED DEBT
22.	OTHER (ATTACH LIST)
23.	TOTAL POSTPETITION LIABILITIES			$	784,233		$	1,169,138		$	0

PREPETITION LIABILITIES
24.	SECURED DEBT
25.	PRIORITY DEBT
26.	UNSECURED DEBT	$	0
27.	OTHER-A/P on Behalf of Daisytek International			$	2,663,742		$	2,566,024
28.	TOTAL PREPETITION LIABILITIES	$	0	$	2,663,742		$	2,566,024		$	0

29.	TOTAL LIABILITIES	$	0	$	3,447,975		$	3,735,162		$	0

EQUITY
30.	PREPETITION OWNERS’ EQUITY			$	78,261,404		$	78,261,404
31.	POSTPETITION CUMULATIVE PROFIT OR (LOSS)			$	118,587		$	206,956
32.	DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) -Common Stock			$	0
33.	TOTAL EQUITY	$	0	$	78,379,991		$	78,468,360		$	0

34.	TOTAL LIABILITIES & OWNERS’ EQUITY	$	0	$	81,827,966		$	82,203,522		$	0

INCOME STATEMENT

		MONTH			MONTH			MONTH		QUARTER TOTAL
		6/3/03-6/30/03			7/31/2003					QUARTER TOTAL
REVENUES
1.	GROSS REVENUES	$	0
2.	LESS: RETURNS & DISCOUNTS
3.	NET REVENUE	$	0		$	0		$	0	$	0
COST OF GOODS SOLD
4.	MATERIAL
5.	DIRECT LABOR
6.	DIRECT OVERHEAD
7.	TOTAL COST OF GOODS SOLD	$	0		$	0		$	0	$	0

8.	GROSS PROFIT	$	0		$	0		$	0	$	0
OPERATING EXPENSES
9.	OFFICER / INSIDER COMPENSATION
10.	SELLING & MARKETING
11.	GENERAL & ADMINISTRATIVE
12.	RENT & LEASE
13.	OTHER (ATTACH LIST)
14.	TOTAL OPERATING EXPENSES	$	0		$	0		$	0	$	0

15.	INCOME BEFORE NON-OPERATING INCOME & EXPENSE	$	0		$	0		$	0	$	0
OTHER INCOME & EXPENSES
16.	NON-OPERATING INCOME (ATT. LIST)
17.	NON-OPERATING EXPENSE (ATT. LIST)
18.	(INTEREST INCOME) EXPENSE	$	(191,270	)	$	(142,933	)
19.	DEPRECIATION / DEPLETION
20.	AMORTIZATION
21.	OTHER (ATTACH LIST)
22.	NET OTHER INCOME & EXPENSES	$	(191,270	)	$	(142,933	)	$	0	$	0
REORGANIZATION EXPENSES
23.	PROFESSIONAL FEES
24.	U.S. TRUSTEE FEES				$	250
25.	OTHER (ATTACH LIST)
26.	TOTAL REORGANIZATION EXPENSES	$	0		$	250		$	0	$	0

27.	INCOME TAX	$	72,683		$	54,314

28.	NET PROFIT (LOSS)	$	118,587		$	88,369		$	0	$	0

		MONTH		MONTH		MONTH		QUARTER TOTAL
		6/3/03-6/30/03		31-Jul-03				QUARTER TOTAL
CASH RECEIPTS AND DISBURSEMENTS
1.	CASH - BEGINNING OF MONTH			$	0	$	0
RECEIPTS FROM OPERATIONS
2.	CASH SALES	$	0
COLLECTION OF ACCOUNTS RECEIVABLE
3.	PREPETITION
4.	POSTPETITION
5.	TOTAL OPERATING RECEIPTS	$	0	$	0	$	0	$	0
NON - OPERATING RECEIPTS
6.	LOANS & ADVANCES (ATTACH LIST)
7.	SALE OF ASSETS	$	0
8.	OTHER (ATTACH LIST)
	TOTAL OTHER	$	0
9.	TOTAL NON-OPERATING RECEIPTS	$	0	$	0	$	0	$	0

10.	TOTAL RECEIPTS	$	0	$	0	$	0	$	0

11.	TOTAL CASH AVAILABLE	$	0	$	0	$	0	$	0
OPERATING DISBURSEMENTS
12.	NET PAYROLL
13.	PAYROLL TAXES PAID
14.	SALES, USE & OTHER TAXES PAID
15.	SECURED / RENTAL / LEASES
16.	UTILITIES
17.	INSURANCE
18.	INVENTORY PURCHASES
19.	VEHICLE EXPENSES
20.	TRAVEL
21.	ENTERTAINMENT
22.	REPAIRS & MAINTENANCE
23.	SUPPLIES
24.	ADVERTISING
25.	OTHER (ATTACH LIST)
	Bank Fees
	Other operating
	TOTAL OTHER	$	0
26.	TOTAL OPERATING DISBURSEMENTS	$	0	$	0	$	0	$	0
REORGANIZATION EXPENSES
27.	PROFESSIONAL FEES
28.	U.S. TRUSTEE FEES
29.	OTHER (ATTACH LIST)
30.	TOTAL REORGANIZATION EXPENSES	$	0	$	0	$	0	$	0

31.	TOTAL DISBURSEMENTS	$	0	$	0	$	0	$	0

32.	NET CASH FLOW	$	0	$	0	$	0	$	0

33.	CASH - END OF MONTH	$	0	$	0	$	0	$	0

				SCHEDULE AMOUNT		MONTH		MONTH		MONTH
				SCHEDULE AMOUNT		June 30, 2003		31-Jul-03
ACCOUNTS RECEIVABLE AGING
1.	0-30
2.	31-60
3.	61-90
4.	91+

5.	TOTAL ACCOUNTS RECEIVABLE			$	0	$	0	$	0	$	0
6.	AMOUNT CONSIDERED UNCOLLECTIBLE

7.	ACCOUNTS RECEIVABLE (NET)			$	0	$	0	$	0	$	0


AGING OF POSTPETITION TAXES AND PAYABLES

						MONTH: July 31, 2003
		0-30 DAYS		31-60 DAYS		61-90 DAYS		91+ DAYS		TOTAL
		0-30 DAYS		31-60 DAYS		61-90 DAYS		91+ DAYS		TOTAL
TAXES PAYABLE
1.	FEDERAL			$	0	$	0	$	0	$	0
2.	STATE			$	0	$	0	$	0	$	0
3.	LOCAL			$	0	$	0	$	0	$	0
4.	OTHER (ATTACH LIST)	$	0	$	0	$	0	$	0	$	0

5.	TOTAL TAXES PAYABLE	$	0	$	0	$	0	$	0	$	0

6.	ACCOUNTS PAYABLE	$	10,396	$	435,946	$	395,781	$	327,016	$	1,169,138


STATUS OF POSTPETITION TAXES

						MONTH: July 31, 2003
				BEGINNING TAX LIABILITY*		AMOUNT WITHHELD AND/ OR ACCRUED		AMOUNT PAID		ENDING TAX LIABILITY
FEDERAL
1.	WITHHOLDING**			$	0					$	0
2.	FICA-EMPLOYEE**			$	0					$	0
3.	FICA-EMPLOYER**			$	0					$	0
4.	UNEMPLOYMENT			$	0					$	0
5.	INCOME			$	0					$	0
6.	OTHER (ATTACH LIST)			$	0					$	0

7.	TOTAL FEDERAL TAXES			$	0	$	0	$	0	$	0

STATE AND LOCAL
8.	WITHHOLDING			$	0					$	0
9.	SALES			$	0					$	0
10.	EXCISE			$	0					$	0
11.	UNEMPLOYMENT			$	0					$	0
12.	REAL PROPERTY			$	0					$	0
13.	PERSONAL PROPERTY			$	0					$	0
14.	OTHER (ATTACH LIST)			$	0					$	0

15.	TOTAL STATE & LOCAL			$	0	$	0	$	0	$	0

16.	TOTAL TAXES			$	0	$	0	$	0	$	0

The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero.

Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit.

The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.

BANK RECONCILIATIONS

			MONTH: July 31, 2003
		Account #1	Account #2	Account #3	TOTAL
A.	BANK:
B.	ACCOUNT NUMBER:
C.	PURPOSE (TYPE):
1.	BALANCE PER BANK STATEMENT				$	0
2.	ADD: TOTAL DEPOSITS NOT CREDITED				$	0
3.	SUBTRACT: OUTSTANDING CHECKS				$	0
4.	OTHER RECONCILING ITEMS				$	0
5.	MONTH END BALANCE PER BOOKS				$	0
6.	NUMBER OF LAST CHECK WRITTEN

INVESTMENT ACCOUNTS

BANK, ACCOUNT NAME & NUMBER		DATE OF PURCHASE	TYPE OF INSTRUMENT	PURCHASE PRICE		CURRENT VALUE
7.
8.
9.
10.
11.	TOTAL INVESTMENTS			$	0	$	0


CASH

12.	CURRENCY ON HAND
	Petty Cash for IL $ and CA $
13.	TOTAL CASH - END OF MONTH					$	0

		Monthly Operating Report

CASE NAME:	Daisytek International Corporation	ACCRUAL BASIS-6

CASE NUMBER:	03-35724-SAF-11	02/13/95, RWD, 2/96

		MONTH: July 31, 2003

PAYMENTS TO INSIDERS AND PROFESSIONALS

OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.

INSIDERS
NAME		TYPE OF PAYMENT	AMOUNT PAID		TOTAL PAID TO DATE
1.	See Daisytek, Incorporated
2.
3.
4.
5.
6.	TOTAL PAYMENTS TO INSIDERS		$	0	$	0

PROFESSIONALS
NAME		DATE OF COURT ORDER AUTHORIZING PAYMENT	AMOUNT APPROVED		AMOUNT PAID		TOTAL PAID TO DATE		TOTAL INCURRED & UNPAID *
1.	See Daisytek, Incorporated
2.
3.
4.
5.
6.	TOTAL PAYMENTS TO PROFESSIONALS		$	0	$	0	$	0	$	0

INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED

POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS

NAME OF CREDITOR	SCHEDULED MONTHLY PAYMENTS DUE	AMOUNTS PAID DURING MONTH	TOTAL UNPAID POSTPETITION
TOTAL	0.00	0.00	0.00

		Monthly Operating Report

CASE NAME:	Daisytek International Corporation	ACCRUAL BASIS-7

CASE NUMBER:	03-35724-SAF-11	02/13/95, RWD, 2/96

		MONTH: July 31, 2003

QUESTIONNAIRE

		YES	NO
1.	HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?		X
1.			X
2.	HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT?		X
2.			X
3.	ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES?		X
4.	HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD?		X
5.	HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY?		X
6.	ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?		X
7.	ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE?		X
8.	ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?		X
9.	ARE ANY OTHER POSTPETITION TAXES PAST DUE?		X
10.	ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT?		X
11.	HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD?		X
12.	ARE ANY WAGE PAYMENTS PAST DUE?		X

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “YES,” PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.

INSURANCE

		YES	NO
1.	ARE WORKER’S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT?	X
2.	ARE ALL PREMIUM PAYMENTS PAID CURRENT?	X
3.	PLEASE ITEMIZE POLICIES BELOW.

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “NO,” OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.

INSTALLMENT PAYMENTS
TYPE OF POLICY	CARRIER	PERIOD COVERED	PAYMENT AMOUNT & FREQUENCY
TYPE OF POLICY	CARRIER	PERIOD COVERED	PAYMENT AMOUNT & FREQUENCY
See Daisytek, Incorporated