EX-99.3 6 g86787exv99w3.txt EX-99.3 STATEMENT OF ASSETS & LIABILITIES . . . EXHIBIT 99.3 REPTRON ELECTRONICS, INC. CONSOLIDATED BALANCE SHEET AS OF CONFIRMATION
UNAUDITED PRO FORMA OCT-03 ADJUSTMENTS CONFIRMATION ------ ----------- ------------ ASSETS CURRENT ASSETS Cash 805 - 805 Accounts Receivable, net 16,878 - 16,878 Inventories 20,577 - 20,577 Prepaids & Other 4,785 - 4,785 Tax Assets - - - ------- ------- ------ Total Current Assets 43,045 - 43,045 PROPERTY, PLANT & EQUIPMENT 20,628 - 20,628 GOODWILL 26,779 - 26,779 DEFERRED TAX ASSETS (1) 2,480 (2,480) - OTHER ASSETS (2) 1,695 (350) 1,345 ------- ------- ------ TOTAL ASSETS 94,627 (2,830) 91,797 =================================================== LIABILITIES & EQUITY CURRENT LIABILITIES Accounts Payable 18,200 - 18,200 Current Portion Of LTD 617 - 617 Accrued Expenses (3) 9,966 (6,009) 3,957 Income Tax Payable - - - Other - - - --------------------------------------------------- Total Current Liabilities 28,783 (6,009) 22,774 LONG-TERM DEBT Inter-Company Payable/Receivable 3 - 3 Convertible Notes (4) 76,315 (46,315) 30,000 Capital Leases & Mortgages 3,617 - 3,617 Bank Line Of Credit 7,715 - 7,715 --------------------------------------------------- Total Long-Term Debt 87,650 (46,315) 41,335 DEFERRED TAX LIABILITIES - - - EQUITY Combined Equity / Retained Earnings (5) (21,806) 51,974 30,168 TOTAL LIABILITIES & EQUITY 94,627 (350) 94,277 ===================================================
(1) Remove asset based on limitations of the asset going forward as well as potential offset by the debt relief gain. (2) Remove asset related to previous financing expenses. (3) Remove accrued unpaid interest on the convertible notes. (4) Effect change of old notes for new notes. (5) Effect balance sheet changes to equity and retained earnings.