0000092122-95-000094.txt : 19950815 0000092122-95-000094.hdr.sgml : 19950815 ACCESSION NUMBER: 0000092122-95-000094 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19950814 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN CO CENTRAL INDEX KEY: 0000092122 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 580690070 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-08233 FILM NUMBER: 95563713 BUSINESS ADDRESS: STREET 1: 64 PERIMETER CTR EAST CITY: ATLANTA STATE: GA ZIP: 30346 BUSINESS PHONE: 4043930650 35-CERT 1 CERTIFICATE OF NOTIFICATION CERTIFICATE OF NOTIFICATION filed by SOUTHERN COMMUNICATIONS SERVICES, INC. Pursuant to order of the Securities and Exchange Commission dated December 30, 1994, in the matter of File No. 70-8233. -------------------------- Southern Communications Services, Inc. (Southern Communications), pursuant to Rule 24, hereby provides the following information as required by the above-mentioned order: Requested Response to IV. 1: a. A copy of Southern Communications' balance sheet, income statement and statement of cash flow.
SOUTHERN COMMUNICATIONS BALANCE SHEET JUNE 30, 1995 (Unaudited) ASSETS Current Assets: Cash $ 23,999 Accounts Receivable Affiliate 3,560,329 Other 31,212 Prepayments 8,620,566 Materials & Supplies 314,666 Total Current Assets 12,550,772 Property & Equipment Office Furniture, Fixtures, net 474,718 Construction Work in Progress 38,568,573 Frequencies 2,766,605 Organization costs 229,177 -------------- Total Property & Equipment 42,039,073 TOTAL ASSETS $54,589,845 CAPITALIZATION AND LIABILITIES LIABILITIES Current Liabilities: Accounts Payable Affiliate $ 7,219,317 Other 728,032 Miscellaneous 489,419 ------------ Total Current Liabilities 8,436,768 Deferred Credits & Other Liabilities: Post Retirement 196,540 Miscellaneous 5,503 Total Deferred Credits & Other Liabilities 202,043 CAPITALIZATION Common Stock 500 Additional Paid in Capital 50,823,928 Retained Earnings (4,873,394) ------------ Total Capitalization 45,951,034 TOTAL CAPITALIZATION AND LIABILITIES $54,589,845
SOUTHERN COMMUNICATIONS INCOME STATEMENT YEAR-TO-DATE, JUNE 1995 (Unaudited) REVENUES: Affiliate $ 0 External 0 Interest Revenue 2,917 ------------- Total Revenues 2,917 EXPENSES: Salaries 1,287,102 Rent 202,181 Depreciation 46,338 Travel 277,565 Legal 1,053,103 Affiliate Companies Southern Company Services 2,851,735 Georgia Power 306,270 Alabama Power 270,114 Gulf Power 274,490 Mississippi Power 62,961 Other 1,556,896 Total Expense 8,188,755 NET INCOME BEFORE TAXES (8,185,838) TAXES 3,312,444 NET INCOME AFTER TAXES $(4,873,394)
SOUTHERN COMMUNICATIONS CONSOLIDATED STATEMENT OF CASH FLOWS SIX MONTHS ENDING JUNE 30, 1995 (Unaudited) CASH FLOWS FROM OPERATING ACTIVITIES: Net Loss $ (4,873,394) ------------- Adjustments to reconcile net loss to net cash used in operating activities: Depreciation/Amortization 46,338 Changes in operating assets and liabilities: Accounts Receivable (3,591,541) Deferred Income Taxes and Other Deferred Assets (68,789) Prepaids and Other Current Assets (13,639) Accounts Payable and Other Accrued Liabilities (4,770,421) ------------- Total Adjustments (8,398,052) Net Cash Used in Operating Activities (13,271,446) ------------ CASH FLOWS FROM INVESTING ACTIVITIES: Project Investment (33,917,048) Purchase of Other Property and Equipment (792,059) (34,709,107) CASH FLOWS FROM FINANCING ACTIVITIES: Additional Capital Contributions* 46,754,052 INCREASE (DECREASE) IN CASH & TEMPORARY INVESTMENTS (1,226,501) ------------- CASH AND TEMPORARY INVESTMENTS AT 1/1/95 1,250,500 ------------ CASH AND TEMPORARY INVESTMENTS AT 6/30/95 $ 23,999 ============= *Does not include capital contribution of $ 4,069,875 made 12/31/94.
b. A schedule of reported revenues and expenses. Revenues will be identified by source, i.e., affiliated and non-affiliated. Expenses will be classified as relating specifically to either affiliated or non-alliliated customers, or common costs. Expenses believed to be associated with a feature, service or facility which is unique to a specific class of customers will be classified as relating specifically to that class of customers. Southern Communication did not have any revenues in the first six months of 1995. Requested Response to IV. 3: a. A statement of revenues, distinguishing and setting forth non-associate revenues and revenues derived from each associate company. Southern Communications did not have any revenues in the second quarter of 1995. b. The price charged to associates for each type of service rendered to associates. N/A, See (a) above. c. A statement as to whether the prices charged to associates were based upon market or cost. N/A, See(a) above. d. An explanation of how the market or cost pricing utilized was derived. N/A, See (a) above. Requested Response to IV. 4: a. The actual calculation used to calculate costs; Southern Communications is currently not in commercial operations. b. An explanation of how costs were allocated; Southern Communications is currently not in commercial operations. c. A description of the rationale and methodology employed in determining allocations of cost; Southern Communications is currently not in commercial operations. d. A categorical (associate vs. non-associate) analysis of corporate costs (1) depreciation, (2) outside services, (3) labor costs, (4) administrative and general expenses, (5) cost of capital, (6) costs of goods and materials, and (7) other costs, including an analysis of direct costs and common costs; and Southern Communications is currently not in commercial operations. e. An analysis of cost versus market pricing, comparing market pricing for associates to system-wide costs for associates and showing the basis for allocations to the associates. The foregoing information may be included in the report furnished pursuant to 1(b) above. Southern Communications is currently not in commercial operations. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned company has duly caused this certificate to the signed on its behalf by the undersigned thereunto duly authorized. Dated August 14, 1995 SOUTHERN COMMUNICATIONS SERVICES, INC. By /s/ Tommy Chisholm Tommy Chisholm Secretary