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Previous: ENTERGY CORP /DE/, 35-CERT, 1997-11-14 |
Next: MIDLAND CO, 10-Q, 1997-11-14 |
UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
In the Matter of
Entergy Corporation
Entergy Enterprises, Inc.
Entergy Integrated Solutions, Inc.
(formerly Entergy Systems and Service, Inc.
and prior thereto Systems and
Service U.S.A., Inc.) CERTIFICATE PURSUANT
TO RULE 24
File No. 70-7947
File No. 70-8509
(Public Utility Holding Company
Act of 1935)
Pursuant to Rule 24 promulgated by the Securities and Exchange
Commission (SEC) under the Public Utility Holding Company Act of 1935,
as amended, modified by the application(s)-declaration(s) in the above
referenced files and the related orders dated December 28, 1992 and
July 27, 1995 (collectively, the "Orders"), this is to certify that the
following paragraphs report transactions carried out by Entergy
Integrated Solutions, Inc. (EIS)<FN1> during the three (3) month and six
(6) month periods ended June 30, 1997 pursuant to the authorization of
the SEC and provide such other information as is required to be
reported in accordance with the provisions of the Orders.
I. Summary of Total Assets and Revenues of EIS By Type of Activity
Energy Management Funding of other
& DSM Consulting Contractors
Total Assets * $131,471,280.05
Total Revenues $23,472,114.00
* Excludes assets that are not appropriately allocated to any specific
business activity, but which support EIS's general business operations.
II. Summary of Total Assets and Revenues of EIS By Geographic Region
Base Region U.S. (excluding World (excluding
Base Region) U.S.)
Total Assets ** $28,726,773.24 $51,062,227.51
Total Revenues $7,926,230.88 $15,545,883.12
** Excludes assets that are not dedicated to EIS's business activities
in any specific geographic region.
III. Financial Statements
EIS's unaudited Balance Sheets, as of June 30, 1997 and as of the
reporting date, respectively, and Income Statements for the six month
period ending June 30, 1997, and for the calendar year to date,
respectively, are attached hereto.
IN WITNESS WHEREOF, the undersigned companies have caused this
certificate to be executed this 14th day of November, 1997.
Entergy Corporation
By: /s/ Michael G. Thompson
Michael G. Thompson
Senior Vice President,
General Counsel and Secretary
Entergy Enterprises, Inc.
By: /s/ Michael G. Thompson
Michael G. Thompson
Senior Vice President
Law and Secretary
Entergy Integrated Solutions, Inc.
By: /s/ Michael G. Thompson
Michael G. Thompson
Vice President and Secretary
_______________________________
<FN1> By amendment to its Certificate of Incorporation, Entergy Systems and
Service, Inc. changed its name to "Entergy Integrated Solutions, Inc.",
effective May 7, 1996
<TABLE>
<CAPTION>
Entergy Integrated Solutions Inc.
Statement of Operations
Quarter and Year-To-Date Ended June 30, 1997
(Unaudited)
Current Quarter Year To Date
<S> <C> <C>
Revenue $ 14,055,506.00 23,472,114.00
Operating Expense 8,493,737.00 15,338,439.00
------------------ --------------
Gross Margin 5,561,769.00 8,133,675.00
Selling Expense 3,875,122.00 7,969,227.00
Marketing Expense 230,796.00 346,323.00
Administrative & General Expense 3,761,954.00 7,800,496.00
Other Expense/Income 1,733,194.00 4,220,165.00
------------------ --------------
Net Operating Profit (Loss) Before Taxes (4,039,297.00) (12,202,536.00)
Income taxes (1,486,952.00) (4,433,909.00)
------------------ --------------
Net Profit (Loss) $ (2,552,345.00) (7,768,627.00)
================== ==============
</TABLE>
<PAGE>
Entergy Integrated Solutions Inc.
Balance Sheet
June 30, 1997
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 6,495,420.69
Accounts receivable 2,524,843.59
Other current assets 800,426.21
-----------------
Total current assets 9,820,690.49
-----------------
Investments:
Investment in SASI, Inc. -
Note receivable - SASI, Inc. -
HES service contracts, net 2,260,323.89
-----------------
Total investments 2,260,323.89
-----------------
Fixed Assets:
Furniture and equipment, net 8,702,967.96
Intangible assets, net 396,629.73
Equipment inventory held for installation 17,870,383.64
Installations in process 9,714,864.56
Installed equipment 65,288,968.71
-----------------
Total fixed assets 101,973,814.60
-----------------
Deferred Debits:
Miscellaneous deferred debits 9,421,101.78
Deferred income taxes 5,797,582.00
Other assets, Net 2,197,767.29
-----------------
Total deferred debits 17,416,451.07
-----------------
TOTAL ASSETS $ 131,471,280.05
=================
<PAGE>
Entergy Integrated Solutions Inc.
Balance Sheet
June 30, 1997
(Unaudited)
LIABILITIES AND CAPITAL
Current & accrued liabilities:
Accounts payable $ 637,163.76
Accrued liabilities 4,679,546.88
Current portion of capital lease obligations 102,295.39
------------------
Total current & accrued liabilities 5,419,006.03
------------------
Long-term liabilities:
Capital lease obligations 25,024.08
Other long-term liabilities 3,373,823.09
------------------
Total long-term liabilities 3,398,847.17
------------------
Deferred Credits:
Service contract revenue 52,802,685.64
------------------
Total deferred credits 52,802,685.64
------------------
Capital:
Common stock, no par value, 50,000 shares authorized,
13,500 shares issued and outstanding 13,500,000.00
Paid in capital 150,000,000.00
Accumulated deficit (93,649,258.79)
------------------
Total capital 69,850,741.21
------------------
Total liabilities and capital $ 131,471,280.05
==================
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