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Previous: COLUMBIA DAILY INCOME CO, NSAR-A, 1995-08-28 |
Next: COLUMBIA GROWTH FUND INC, NSAR-A, 1995-08-28 |
<PAGE> 1
August 25, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
Interim Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
The Columbia Gas System, Inc. ("CG")
TriStar Ventures Corporation ("TVC")
File No. 70-8235
Gentlemen:
In accordance with the terms and conditions of Rule 24 under the
Public Utility Holding Company Act of 1935, and the Orders of the Commission
dated December 29, 1994 (the "Orders") authorizing transactions as more fully
described in the Application-Declaration as amended (the "Application"), the
undersigned hereby certifies that during the period from January 1, 1995
through June 30, 1995, in accordance with the undertaking contained in the
Application, TriStar Ventures Corporation(TVC) hereby delivers the following
information required semiannually:
1. A balance sheet as of 6/30/95.
2. An income statement for the six months ended 6/30/95.
3. A Statement of Cash Flow for the six months ended 6/30/95.
4. A narrative description of preliminary development and administrative
activities and the size, nature and purpose of any new, direct or
indirect, investment activity.
5. A Schedule of Common Stock issued and dividends paid for the six
months ended 6/30/95.
6. A Schedule of Short Term Advances and Capital Contributions for the
six months ended 6/30/95.
7. A Schedule of Canceled Debt by TVC for the TVC Subsidiaries for the
six months ended 6/30/95.
Very truly yours,
THE COLUMBIA GAS SYSTEM, INC.
By: /s/ L. J. BAINTER
----------------------
L. J. Bainter
Treasurer
TRISTAR VENTURES CORPORATION
By: /s/ D. P. DETAR
----------------------
D. P. Detar
Treasurer
<PAGE> 2
Item B-1
TRISTAR VENTURES CORPORATION
CONSOLIDATED BALANCE SHEET
AS OF JUNE 30, 1995
($000)
<TABLE>
<S> <C>
ASSETS AND OTHER DEBITS
INVESTMENT
Other Investments $ 36,039
-----------
TOTAL INVESTMENTS 36,039
-----------
CURRENT AND ACCRUED ASSETS
Cash 0
Special Deposits 10
Accounts Receivable 1,209
Accounts Receivable from Associate Companies 6,219
Prepayments 25
-----------
TOTAL CURRENT AND ACCRUED ASSETS 7,463
-----------
DEFFERRED DEBITS
Miscellaneous Deferred Debits 593
Accumulated Deferred Income Taxes 0
-----------
TOTAL DEFERRED DEBITS 593
-----------
TOTAL ASSETS AND OTHER DEBITS $ 44,095
===========
LIABILITIES AND EQUITY
EQUITY
Common Stock Issued $ 15,293
Miscellaneous Paid-in Capital 42,802
Unappropriated Retained Earnings (19,444)
-----------
TOTAL EQUITY 38,651
-----------
CURRENT AND ACCRUED LIABILITIES
Accounts Payable 544
Accounts Payable to Associate Companies (82)
Taxes Accrued (200)
Interest Accrued 277
Miscellaneous Current and Accrued Liabilities 162
-----------
TOTAL CURRENT AND ACCRUED LIABILITIES 701
-----------
DEFERRED CREDITS - OTHER 58
ACCUMULATED DEFERRED INCOME TAXES 4,685
-----------
TOTAL LIABILITIES AND EQUITY $ 44,095
===========
</TABLE>
<PAGE> 3
Item B-2
TRISTAR VENTURES CORPORATION
CONSOLIDATED INCOME STATEMENTS
FOR THE SIX MONTHS ENDED JUNE 30, 1995
($000)
<TABLE>
<S> <C>
INCOME
Income from Investments $ 2,557
Interest on Contingent Taxes 243
Services Rendered to Nonassociate Companies 922
-----------
TOTAL INCOME 3,722
-----------
EXPENSES
Salaries and Wages 694
Office Supplies and Expenses 67
Outside Services Employed 515
Injuries and Damages Insurance 15
Employee Pensions and Benefits 94
Rents 169
Depreciation and Amortization Expense 10
Taxes Other Than Income Taxes 95
Income Taxes 129
Provision for Deferred Income Taxes 625
Other Deductions 5
-----------
TOTAL EXPENSES 2,418
-----------
NET INCOME $ 1,304
===========
</TABLE>
<PAGE> 4
Item B-3
TRISTAR VENTURES CORPORATIONS
CONSOLIDATING STATEMENT OF CASH FLOW
FOR THE SIX MONTHS ENDED JUNE 30, 1995
($000)
<TABLE>
<S> <C>
NET CASH USED FOR OPERATIONS (see below) $ (627)
INVESTMENTS ACTIVITIES
Capital Expenditures - Other (600)
Distributions from Partnerships 715
-----------
NET INVESTMENT ACTIVITIES 115
FINANCING ACTIVITIES
Dividends Paid 0
Retirement of Long-Term Debt 0
Issuance of Common Stock -
Issued by Registrant 0
Issued by Subsidiary to Registrant 0
Issuance of Long-Term Debt -
Issued by Registrant 0
Issued by subsidiary to Registrant 0
Debtor-In-Possession Financing 0
-----------
NET FINANCING ACTIVITIES 0
INCREASE(DECREASE) IN CASH AND TEMPORARY CASH
INVESTMENTS (512)
-----------
CASH AND TEMPORARY CASH INVESTMENTS AT
BEGINNING OF YEAR 512
CASH AND TEMPORARY CASH INVESTMENTS AT
06/30/95 $ 0
===========
CASH PROVIDED BY/USED FOR OPERATION:
Net Income $ 1,304
Items not Requiring Cash:
Amortization 10
Deferred Income Taxes 625
Other - Net (2,547)
Net Change in Working Capital (19)
-----------
NET CASH USED FOR OPERATIONS $ (627)
===========
</TABLE>
<PAGE> 5
Item B-4
TRISTAR VENTURES CORPORATION
DEVELOPMENT AND ADMINISTRATIVE ACTIVITIES
AND INVESTMENT ACTIVITY
FOR THE SIX MONTHS ENDED JUNE 30, 1995
(A) PRELIMINARY DEVELOPMENT:
Preliminary development activities included initial research
conducted by internal personnel with the assistance of external
consultants. This activity was incurred to analyze feasible
investment opportunities.
(B) ADMINISTRATIVE ACTIVITIES:
Administrative activities include the ongoing personnel,
accounting, engineering, legal, financial, and other support
activities necessary for TVC to manage its operations and
investments.
(C) THE SIZE, NATURE AND PURPOSE OF ANY NEW, DIRECT OR INDIRECT
INVESTMENT ACTIVITY:
None
<PAGE> 6
Item B-5
TRISTAR VENTURES CORPORATION
COMMON STOCK AND DIVIDENDS
FOR THE SIX MONTHS ENDED JUNE 30, 1995
(A) ISSUANCE AND SALE OF COMMON STOCK BY THE TVC SUBSIDIARIES TO TVC
<TABLE>
<CAPTION>
TVC Subsidiary Date Amount
-------------- ---- ------
<S> <C> <C>
None
</TABLE>
(B) THE PAYMENT OF ANY DIVIDENDS TO TVC BY THE TVC SUBSIDIARIES OUT
CAPITAL SURPLUS
<TABLE>
<CAPTION>
TVC Subsidiary Date Amount
-------------- ---- ------
<S> <C> <C>
None
</TABLE>
<PAGE> 7
Item B-6
TRISTAR VENTURES CORPORATION
SHORT TERM ADVANCES AND CAPITAL CONTRIBUTIONS
FOR THE SIX MONTHS ENDED JUNE 30, 1995
($000)
SHORT TERM ADVANCES
<TABLE>
SHORT TERM LOANS 1/31/95 2/28/95 3/31/95 4/30/95 5/31/95 6/30/95
------- ------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C>
Pedrick General 8 8 23 50 32 14
Pedrick Limited 28 30 30 116 33 32
Rumford 0 0 0 0 0 0
Binghamton General 0 0 0 14 0 0
Binghamton Limited 0 0 0 12 0 0
Vineland General 0 0 0 0 0 0
Vineland Limited 0 0 0 0 0 0
------- ------- ------- ------- ------- -------
TOTAL SHORT TERM LOANS 36 38 53 192 65 46
======= ======= ======= ======= ======= =======
</TABLE>
CAPITAL CONTRIBUTIONS
None, except for the cancellation of debt noted in Item B-7.
The cancellation of this debt resulted in an increase in contributed capital
for the TVC subsidiaries Fuel Cells, Georgetown General Corporation,
and Georgetown Limited Corporation.
<PAGE> 8
Item B-7
TRISTAR VENTURES CORPORATION
CANCELED DEBT
FOR THE SIX MONTHS ENDED JUNE 30, 1995
($000)
<TABLE>
<CAPTION>
AMOUNT
AMOUNT AUTHORIZED
TVC SUBSIDIARIES DATE CANCELED IN APPLICATION
---------------- ---- -------- --------------
<S> <C> <C> <C>
TriStar Fuel Cells 01/01/95 $ 887 $ 900
TriStar Georgetown General Corporation 01/01/95 97 125
TriStar Georgetown Limited Corporation 01/01/95 4,855 6,200
-------------- --------------
TOTAL Cancelled Debt $ 5,839 $ 7,225
============== ==============
</TABLE>
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