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Previous: ALLTEL CORP, 10-Q, 1999-05-13 |
Next: MICRO GENERAL CORP, 8-K, 1999-05-13 |
<PAGE> 1
File No. 69-188
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-3A-2
STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2 FROM THE
PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
To Be Filed Annually Prior to March 1*
*Extension until May 15, 1999 granted by Office of Public Utility Regulation on
February 24, 1999.
MIDWEST BOTTLE GAS CO.
(Name of company)
hereby files with the Securities and Exchange Commission, pursuant to Rule 2,
its statement claiming exemption as a holding company from the provisions of the
Public Utility Holding Company Act of 1935, and submits the following
information:
1. Name, State of organization, location and nature of business of
claimant and every subsidiary thereof.
CLAIMANT:
Name: Midwest Bottle Gas Co.
State of Organization: Wisconsin
Principal Office: 3600 Hwy. 157
Le Crosse, WI 54601
Location & Nature of
Business: Sale of L.P. Gas and Gas
Appliances in and around
La Crosse, Mondovi, Richland
Center, Black River Falls,
Chetek, Prairie du Chien, Owen
Mauston, Shell Lake, Eau Claire,
Menomonie, and Minocqua, WI
1.
<PAGE> 2
SUBSIDIARIES:
A. Name: Olson's L.P. Gas, Inc.
State of Organization: Wisconsin
Principal Office: Blair, Wisconsin
Location & Nature of
Business: Sale of L.P. Gas and Gas
Appliances and fertilizer in
and around Blair, WI.
B. Name: Midwest Bottle Gas Company of
Minnesota
State of Organization: Minnesota
Principal Office: 107 East Main Street
Caledonia, MN
Location & Nature of
Business: Sale of L.P. Gas and Gas
Appliances in and around
Caledonia, MN.
C. Name: Midwest Natural Gas, Inc.
State of Organization: Wisconsin
Principal office: 3600 Hwy. 157
La Crosse, WI 54601
Location & Nature of
Business: This Corporation operates
natural gas distribution
facilities in the following
communities in Western
Wisconsin.
Arcadia East Farmington
Independence Somerset
Mondovi Houlton
Whitehall Roberts
Westby Burkhart
Viola Ettrick
LaFarge Galesville
Coon Valley Trempealeau
Eleva New Amsterdam
Strum Centerville
St. Joseph
2.
<PAGE> 3
D. Name: Tomah LP Gas Service, Inc.
State of Organization; Wisconsin
Principal Office: 305 Arthur Street
Tomah, WI 54660
Location & Nature of
Business: Sale of L.P. Gas, fuel oil and
appliances in and around Tomah,
WI.
E. Name: Hiawatha Valley Gas Company
State of Organization: Minnesota
Principal Office: Hwy. 61
Minnesota City, MN 55959
Location & Nature of
Business: Sale of L.P, Gas and appliances
in and around Winona, MN.
F. Name: Tru-Gas of Florida, Inc.
State of Organization: Florida
Principal office: 206 E. New Haven Avenue
Melbourne, FL 32901
Location & Nature of
Business: Sale of L.P. Gas and appliances
in and around Melbourne, Cocoa,
Chiefland, Crystal River, New
Smyrna Beach, Bronson, Old Town,
Silver Springs, Hernando, High
Springs, Florida and Blakely,
Georgia. Development of an
adult mobile home park in West
Melbourne, Florida.
G. Name: Dawson Oil Company, Ltd.
State of Organization: Wisconsin
Principal Office: 3600 Hwy. 157
La Crosse, WI 54601
Location & Nature of
Business: Wholesale of L.P. Gas to in-
dependent dealers in Minnesota,
Wisconsin, Iowa, North Dakota,
South Dakota and Nebraska.
3.
<PAGE> 4
H. Name: Midwest LPG Insurance
Specialist, Inc.
State of Organization: Wisconsin
Principal Office: 3600 Hwy. 157
La Crosse, WI 54601
Location & Nature of
Business: Insurance Agency selling
insurance in Wisconsin,
Minnesota, Florida and
Georgia
I. Name: La Crosse Hangar Co. - 50% Owned
Partnership
State of Organization: Wisconsin
Principal Office: 3600 Hwy. 157
La Crosse, WI 54601
Location & Nature of
Business: Owner and operator of airport
hangar building.
2. A brief description of the properties Of Claimant and each of its
subsidiary public utility companies used for the generation, transmission and
distribution of electric energy for sale, or for the production, transmission
and distribution of natural or manufactured gas, indicating the location of
principal generating plants, transmission lines, producing fields, gas
manufacturing plants, and electric and gas distribution facilities, including
all such properties which are outside the State of which Claimant and its
subsidiaries are organized and all transmission or pipelines which deliver or
receive electric energy or gas at the borders of such State.
The only properties described above are those of the Claimant's subsidiary
public utility company -- Midwest Natural Gas, Inc., which has gas distribution
facilities located in the following communities in Western Wisconsin:
Arcadia East Farmington
Independence Somerset
Mondovi Houlton
Whitehall Roberts
Westby Burkhart
Viola Ettrick
LaFarge Galesville
Coon Valley Trempealeau
Eleva New Amsterdam
Strum Centerville
St. Joseph
4.
<PAGE> 5
Midwest Natural Gas, Inc, purchases natural gas at the communities within the
State of Wisconsin from Oxy USA Inc. and Renaissance Energy Inc. and transported
through Northern Natural Gas Company which has a transmission pipeline to the
communities.
Midwest Natural Gas, Inc. has no properties outside of the State of Wisconsin.
3. The following information for the last-calendar year with respect to
Claimant and each of its subsidiary public utility companies:
(a) Number of Mcf. of natural or manufactured as, distributed at retail
................................................1,575,980 DECA-THERMS
(purchase entirely in the State of Wisconsin; associated revenues:
$7,209,008)
(b) Number of Kwh. of electric energy and Mcf. of Natural or manufactured
gas distributed at retail outside of the State in which each such
company is organized..............................................None
(c) Number of Kwh. of electric energy and Mcf. of natural or manufactured
gas sold at wholesale outside the State in which each such company is
organized, or at the State line...................................None
(d) Number of Kwh. of electric energy and Mcf. of natural or manufactured
gas purchased outside the State in which each such company is
organized or at the State line....................................None
4. The following information for the reporting period with respect to claimant
and each interest it holds directly or indirectly in an EWG or a foreign utility
company, stating monetary amounts in United State dollars:
(a) Name, location, business address and description of the facilities
used by the EWG or foreign utility company for the generation,
transmission, and distribution of electric energy for sale or for the
distribution at retail of natural or manufactured gas.............None
(b) Name of each system company that holds an interest in such EWG or
foreign utility company; and description of the interest held.....None
(c) Type and amount of capital invested, directly or indirectly, by the
holding company claiming exemption; any direct or indirect guarantee
of the security of the EWG or foreign utility company by the holding
company claiming exemption; and any debt or other financial
5.
<PAGE> 6
obligation for which there is recourse, directly or indirectly, to the
holding company claiming exemption or another system company, other
than the EWG or foreign utility company...........................None
(d) Capitalization and earnings of the EWG or foreign utility company
during the reporting period.......................................None
(e) Identify any service, sales or construction contract(s) between the
EWG or foreign utility company and a system company, and describe the
services to be rendered or goods sold and fees or revenues under such
agreement(s)......................................................None
EXHIBIT A
A consolidating statement of income and surplus of the claimant and its
subsidiary companies for the last calendar year, together with a consolidating
balance sheet of claimant and its subsidiary companies as of the close of such
calendar year, is attached hereto.
EXHIBIT B
Financial Data Schedule is attached hereto.
EXHIBIT C
Not Applicable
The above-named claimant has caused this statement to be duly executed
on its behalf by its authorized officer on this 10th day of May, 1999.
Midwest Bottle Gas Co.
By: /s/ JAMES A. SENTY
---------------------------
James A. Senty, President
CORPORATE SEAL
Attest:
/s/ RICHARD A. LINTON
- ----------------------------------------
Richard A. Linton, Treasurer
Name, title and address of officer to whom notices
and correspondence concerning this statement should
be addressed:
Richard A. Linton, Treasurer
Midwest Bottle Gas Co.
3600 Highway 157
P.O. Box 429
LaCrosse, WI 54602-0429
6.
<PAGE> 7
EXHIBIT A
<TABLE>
<CAPTION>
TOT TGF TOT DAWSON TOT OTH SUB TOTAL MBG GRAND TOTAL
----------- ------------ ----------- ------------- -------------
<S> <C> <C> <C> <C> <C>
ASSETS CONSOLIDATED 1/31/99
CASH 66216.88 -33001.45 28222.61 1523354.97 1584793.01
TRADE NOTES AND ACCOUNTS REC 868216.97 2414921.63 1584423.74 906633.79 5774196.13
ALLOWANCE FOR BAD DEBTS -79400.00 -71000.00 -41100.00 -117000.00 -308500.00
INVENTORIES 662158.83 3901761.35 430160.25 1723417.38 6717497.81
PREPAID EXPENSES 101680.00 68659.67 165335.78 102472.76 438148.21
ACCRUED INTEREST RECEIVABLE 0.00 0.00 0.00 0.00 0.00
NOTES RECEIVABLE,OTHER 0.00 0.00 0.00 0.00 0.00
LOANS TO STOCKHOLDERS 0.00 0.00 0.00 80757.48 80757.48
NOTES RECEIVABLE, INTERCOMPANY 5120400.07 887664.47 957.04 18270957.06 24279978.64
OTHER INVESTMENTS 0.00 0.00 750.00 26576.40 27326.40
BUILDINGS & OTHER DEPRECIABLE 11693903.20 1297898.69 18454202.67 18063574.38 49509578.94
ACCUMULATED DEPRECIATION -8029422.91 -331125.08 -7153162.62 -8736560.06 -24250270.67
LAND 786700.13 0.00 88047.30 538058.78 1412806.21
INTANGIBLE ASSETS 0.00 0.00 0.00 11758.38 11758.38
CSV LIFE INSURANCE 0.00 0.00 0.00 844249.46 844249.46
INVESTMENT IN WHOLLY OWNED SUB 0.00 0.00 0.00 11666083.65 11666083.65
INVESTMENT IN ASSOCIATED CO 0.00 0.00 0.00 67376.79 67376.79
UNAMORTIZED DEFERRED DEBT EXPE 0.00 0.00 18758.08 50854.36 69612.44
LAND HELD FOR INVESTMENT 0.00 0.00 0.00 0.00 0.00
GOODWILL 5050.00 1000.00 250.00 433934.78 440234.78
MISCELLANEOUS DEFERRED DEBITS 169819.13 0.00 0.00 730556.97 900376.10
----------- ----------- ----------- ------------ ------------
TOTAL ASSETS 11365322.30 8136779.28 13576844.85 46187057.33 79266003.76
=========== =========== =========== ============ ============
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 256313.72 3347477.88 955601.28 1205979.29 5765372.17
ACCRUED PAYROLL 143288.81 10460.53 73317.98 137557.31 364624.63
TAXES OTHER THAN INCOME 68637.68 2713.85 43555.40 98917.78 213824.71
INTEREST PAYABLE 0.00 0.00 100088.91 198706.13 298795.04
INCOME TAXES PAYABLE 18537.68 18644.33 22433.70 89709.41 149325.12
CUSTOMER DEPOSITS 176304.70 0.00 60451.49 62292.34 299048.53
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 889.54 3685.70 209039.91 308379.29 521994.44
NOTES PAYABLE INTERCOMPANY 2573953.56 3631812.83 1599608.96 11366288.10 19171663.45
NOTES PAYABLE 206518.82 767986.63 3560658.38 14775769.40 19310933.23
DEFERRED INCOME TAXES 1370200.00 -32700.00 1062300.00 1065200.00 3465000.00
OTHER DEFERRED CREDITS 0.00 0.00 11811.91 0.00 11811.91
DEFERRED LOSS 0.00 0.00 0.00 0.00 0.00
PREFERRED STOCK 0.00 0.00 0.00 0.00 0.00
COMMON STOCK 3500.00 10000.00 806470.00 179700.00 999670.00
PAID IN OR CAPITAL SURPLUS 195966.06 0.00 1564611.00 2500.00 1763077.06
RETAINED EARNINGS 6351211.73 376697.53 3506895.93 16699958.28 26934763.47
TREASURY STOCK 0.00 0.00 0.00 -3900.00 -3900.00
----------- ----------- ----------- ------------ ------------
TOTAL LIABILITIES & EQUITY 11365322.30 8136779.28 13576844.85 46187057.33 79266003.76
=========== =========== =========== ============ ============
</TABLE>
<PAGE> 8
<TABLE>
<CAPTION>
TOT TGF TOT DAWSON TOT OTH SUB TOTAL MBG GRAND TOTAL
------------ ------------ ------------- ------------- -------------
<S> <C> <C> <C> <C> <C>
INCOME CONSOLIDATED 1/31/99
GROSS SALES LESS RETURNS 6674246.46 24437829.95 9974869.60 12748958.88 53835904.89
COST OF GOODS SOLD 2587101.22 24278615.58 6346061.11 6615185.94 39826963.85
---------- ----------- ---------- ----------- ------------
GROSS PROFIT 4087145.24 159214.37 3628808.49 6133772.94 14008941.04
DIVIDEND INCOME 0.00 0.00 0.00 116.33 116.33
INTEREST INCOME 169006.53 96492.16 16481.64 1056763.52 1338743.85
GROSS RENTS 415731.89 0.00 44826.35 188714.00 649272.24
GAIN (LOSS)SALE OF FIXED ASSETS 3030.94 0.00 25.00 -5601.02 -2545.08
SERVICE CALLS & CONTRACTED SER 183040.56 0.00 160692.93 249608.56 593342.05
ADMINISTRATIVE FEE -154173.10 -24000.00 -61338.37 239382.69 -128.78
CYLINDER & LEASE INCOME 139297.24 2556.00 449.40 33785.12 176087.76
MISCELLANEOUS INCOME 12604.83 0.00 593.67 7705.93 20904.43
---------- ----------- ---------- ------------ ------------
TOTAL INCOME 4855684.13 234262.53 3790539.11 7904248.07 16784733.84
---------- ----------- ---------- ------------ ------------
SALARIES & WAGES 1617052.38 117479.80 818259.58 2506683.51 5059475.27
REPAIRS 138617.26 0.00 145527.09 416610.93 700755.28
BAD DEBTS 89094.85 18000.00 20662.21 69849.34 197606.40
RENTS 15191.25 27516.74 55611.77 142772.00 241091.76
TAXES 204722.67 8040.73 188224.04 290929.46 691916.90
INTEREST 207636.64 281421.33 461276.91 1705693.25 2656028.13
CONTRIBUTIONS 9840.21 0.00 1591.97 5034.78 16466.96
DEPRECIATION 616480.10 115036.33 664832.39 1164963.15 2561311.97
ADVERTISING 54841.15 1213.37 23746.74 411642.24 491443.50
PENSION, PROFIT SHARING 5575.11 880.14 4312.36 22142.66 32910.27
EMPLOYEE BENEFIT PROGRAMS 161070.76 2637.44 71754.09 245584.72 481047.01
AMORTIZATION 0.00 0.00 2420.40 240246.39 242666.79
BONDS & LICENSES 11084.25 520.00 610.00 15191.65 27405.90
DUES & SUBSCRIPTIONS 7549.37 3339.95 1947.78 16786.63 29623.73
INSURANCE 134592.00 15265.00 41826.00 137959.10 329642.10
PROFESSIONAL FEES 16791.65 11604.29 66443.24 113666.51 208505.69
ADMINISTRATIVE, OFFICE 119063.31 44946.93 47246.63 175086.23 386343.10
AUTO & TRUCK EXPENSE 479495.56 0.00 79823.15 528008.62 1087327.33
TRAVEL 114391.10 -142861.61 1173.88 181437.15 154140.52
TELEPHONE 66659.46 8701.22 8394.44 58001.10 141756.22
UTILITIES 68440.32 0.00 12477.94 58082.38 139000.64
SELLING EXPENSE 1226.21 0.00 14154.72 18386.27 33767.20
SHOP SUPPLIES EXPENSE 17259.78 0.00 13124.83 21705.55 52090.16
MISCELLANEOUS 16705.01 2914.12 51077.73 23647.68 94344.54
OUTSIDE SERVICES & COLLECTION 73309.29 6000.00 104670.04 -82012.11 101967.22
UTILITY MERCHANDISING, JOBBING 0.00 0.00 0.00 0.00 0.00
UTILITY PLANT OPERATING EXPENS 0.00 0.00 38851.73 0.00 38851.73
COMMITMENT FEE 0.00 0.00 0.00 0.00 0.00
---------- ---------- ---------- ----------- -----------
TOTAL DEDUCTIONS 4246689.69 522655.78 2940041.66 8488099.19 16197486.32
INCOME TAXES 231200.00 -131100.00 327500.07 -215600.00 212000.07
---------- ---------- ---------- ----------- -----------
NET INCOME (LOSS) 377794.44 -157293.25 522997.38 -368251.12 375247.45
========== ========== ========== =========== ===========
</TABLE>
<PAGE> 9
<TABLE>
<CAPTION>
LA CROSSE MONDOVI RICHLAND CTR C & H CHETEK
----------- ------------ ------------ ------------- --------------
<S> <C> <C> <C> <C> <C>
Midwest Bottle Gas Co. 1/31/99
ASSETS
CASH 1447481.40 1421.05 12456.31 2473.53 6105.18
TRADE NOTES AND ACCOUNTS REC 249880.10 31522.24 38176.40 63358.97 41647.10
ALLOWANCE FOR BAD DEBTS -20000.00 -3000.00 -3500.00 -9000.00 -2500.00
INVENTORIES 1299426.66 52813.59 54377.55 40677.03 20365.99
PREPAID EXPENSES 39403.76 3907.00 4629.00 4026.00 5065.00
ACCRUED INTEREST RECEIVABLE 0.00 0.00 0.00 0.00 0.00
NOTES RECEIVABLE, OTHER 0.00 0.00 0.00 0.00 0.00
LOANS TO STOCKHOLDERS 80757.48 0.00 0.00 0.00 0.00
NOTES RECEIVABLE, INTERCOMPANY 18270914.91 0.00 0.00 42.15 0.00
OTHER INVESTMENTS 25255.85 744.87 0.00 0.00 0.00
BUILDINGS & OTHER DEPRECIABLE 5262026.18 646804.17 589165.63 1046015.12 975645.46
ACCUMULATED DEPRECIATION -3030342.59 -445541.81 -475740.14 -709496.83 -467517.61
LAND 380086.46 5296.82 1221.00 13022.00 12000.00
INTANGIBLE ASSETS 0.00 0.00 0.00 1000.00 1000.00
CSV LIFE INSURANCE 844249.46 0.00 0.00 0.00 0.00
INVESTMENT IN WHOLLY OWNED SUB 11666083.65 0.00 0.00 0.00 0.00
INVESTMENT IN ASSOCIATED CO 67376.79 0.00 0.00 0.00 0.00
UNAMORTIZED DEFERRED DEBT EXPE 50854.36 0.00 0.00 0.00 0.00
LAND HELD FOR INVESTMENT 0.00 0.00 0.00 0.00 0.00
GOODWILL 420277.78 0.00 0.00 0.00 5611.00
MISCELLANEOUS DEFERRED DEBITS 0.00 0.00 0.00 0.00 0.00
----------- ---------- ----------- ------------ ----------
TOTAL ASSETS 37053732.25 293967.93 220785.75 452117.97 597422.12
=========== ========== =========== ============ ==========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 852704.49 13611.94 44812.70 8039.97 40490.82
ACCRUED PAYROLL 70598.55 4539.29 6313.10 3925.45 4418.18
TAXES OTHER THAN INCOME 50739.99 2992.51 3011.23 5007.39 3316.33
INTEREST PAYABLE 184807.34 0.00 0.00 0.00 0.00
INCOME TAXES PAYABLE 89709.41 0.00 0.00 0.00 0.00
CUSTOMER DEPOSITS 35005.78 3760.00 0.00 0.00 0.00
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 309014.49 5.10 0.00 -99.25 0.00
NOTES PAYABLE INTERCOMPANY 5961886.52 15119.24 16151.80 238693.75 241635.04
NOTES PAYABLE 11695443.23 0.00 0.00 0.00 0.00
DEFERRED INCOME TAXES 198700.00 87300.00 85500.00 49400.00 126100.00
OTHER DEFERRED CREDITS 0.00 0.00 0.00 0.00 0.00
DEFERRED LOSS 0.00 0.00 0.00 0.00 0.00
PREFERRED STOCK 0.00 0.00 0.00 0.00 0.00
COMMON STOCK 179700.00 0.00 0.00 0.00 0.00
PAID IN OR CAPITAL SURPLUS 2500.00 0.00 0.00 0.00 0.00
RETAINED EARNINGS 17426822.45 166639.85 64996.92 147150.66 181461.75
TREASURY STOCK -3900.00 0.00 0.00 0.00 0.00
------------ ---------- ----------- ------------ ----------
TOTAL LIABILITIES & EQUITY 37053732.25 293967.93 220785.75 452117.97 597422.12
============ ========== =========== ============ ==========
</TABLE>
<TABLE>
<CAPTION>
PRAIRIE TRUCK TRANS TANK CAR WILL`S REEDSGAS
--------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C>
ASSETS
CASH 2216.94 -5128.50 0.00 15793.55 -11926.39
TRADE NOTES AND ACCOUNTS REC 10164.58 0.00 36624.52 41356.97 104303.07
ALLOWANCE FOR BAD DEBTS -3000.00 0.00 0.00 -8000.00 -10000.00
INVENTORIES 28025.45 0.00 0.00 37335.68 53276.77
PREPAID EXPENSES 2020.00 3026.00 0.00 9899.00 8042.00
ACCRUED INTEREST RECEIVABLE 0.00 0.00 0.00 0.00 0.00
NOTES RECEIVABLE, OTHER 0.00 0.00 0.00 0.00 0.00
LOANS TO STOCKHOLDERS 0.00 0.00 0.00 0.00 0.00
NOTES RECEIVABLE, INTERCOMPANY 0.00 0.00 0.00 0.00 0.00
OTHER INVESTMENTS 0.00 575.68 0.00 0.00 0.00
BUILDINGS & OTHER DEPRECIABLE 387611.46 416626.18 344646.00 1661953.95 1983081.15
ACCUMULATED DEPRECIATION -237013.83 -245670.58 -344646.00 -852283.21 -699324.04
LAND 9000.00 0.00 0.00 7000.00 14000.00
INTANGIBLE ASSETS 0.00 0.00 0.00 0.00 0.00
CSV LIFE INSURANCE 0.00 0.00 0.00 0.00 0.00
INVESTMENT IN WHOLLY OWNED SUB 0.00 0.00 0.00 0.00 0.00
INVESTMENT IN ASSOCIATED CO 0.00 0.00 0.00 0.00 0.00
UNAMORTIZED DEFERRED DEBT EXPE 0.00 0.00 0.00 0.00 0.00
LAND HELD FOR INVESTMENT 0.00 0.00 0.00 0.00 0.00
GOODWILL 2046.00 0.00 0.00 1000.00 5000.00
MISCELLANEOUS DEFERRED DEBITS 0.00 0.00 0.00 0.00 132032.55
--------- ---------- ---------- ----------- -----------
TOTAL ASSETS 201070.60 169428.78 36624.52 914055.94 1578485.11
========= ========== ========== =========== ===========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 992.55 12867.58 1866.36 22931.54 58769.00
ACCRUED PAYROLL 2560.30 3114.89 0.00 9741.52 8044.79
TAXES OTHER THAN INCOME 2330.18 0.00 0.00 4429.66 8401.58
INTEREST PAYABLE 0.00 0.00 0.00 0.00 0.00
INCOME TAXES PAYABLE 0.00 0.00 0.00 0.00 0.00
CUSTOMER DEPOSITS 0.00 0.00 0.00 0.00 23526.56
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 0.00 0.00 0.00 0.00 0.00
NOTES PAYABLE INTERCOMPANY 288512.96 23900.00 100522.88 731868.66 880689.43
NOTES PAYABLE 0.00 0.00 0.00 60292.28 1149999.83
DEFERRED INCOME TAXES 44200.00 92400.00 11300.00 186700.00 32500.00
OTHER DEFERRED CREDITS 0.00 0.00 0.00 0.00 0.00
DEFERRED LOSS 0.00 0.00 0.00 0.00 0.00
PREFERRED STOCK 0.00 0.00 0.00 0.00 0.00
COMMON STOCK 0.00 0.00 0.00 0.00 0.00
PAID IN OR CAPITAL SURPLUS 0.00 0.00 0.00 0.00 0.00
RETAINED EARNINGS -137525.39 37146.31 -77064.72 -101907.72 -583446.08
TREASURY STOCK 0.00 0.00 0.00 0.00 0.00
---------- ---------- ---------- ----------- -----------
TOTAL LIABILITIES & EQUITY 201070.60 169428.78 36624.52 914055.94 1578485.11
========== ========== ========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
EAU CLAIRE SHELL LAKE MINOCQUA TOTAL MBG
---------- ---------- ---------- -----------
<S> <C> <C> <C> <C>
ASSETS
CASH 8136.17 8607.32 35718.41 1523354.97
TRADE NOTES AND ACCOUNTS REC 62864.80 81162.72 145572.32 906633.79
ALLOWANCE FOR BAD DEBTS -10000.00 -13000.00 -35000.00 -117000.00
INVENTORIES 27354.17 29040.51 80723.98 1723417.38
PREPAID EXPENSES 4568.00 4861.00 13026.00 102472.76
ACCRUED INTEREST RECEIVABLE 0.00 0.00 0.00 0.00
NOTES RECEIVABLE, OTHER 0.00 0.00 0.00 0.00
LOANS TO STOCKHOLDERS 0.00 0.00 0.00 80757.48
NOTES RECEIVABLE, INTERCOMPANY 0.00 0.00 0.00 18270957.06
OTHER INVESTMENTS 0.00 0.00 0.00 26576.40
BUILDINGS & OTHER DEPRECIABLE 911735.49 1120690.39 2717573.20 18063574.38
ACCUMULATED DEPRECIATION -266454.65 -336678.94 -625849.83 -8736560.06
LAND 46432.50 5000.00 45000.00 538058.78
INTANGIBLE ASSETS 1000.00 1000.00 7758.38 11758.38
CSV LIFE INSURANCE 0.00 0.00 0.00 844249.46
INVESTMENT IN WHOLLY OWNED SUB 0.00 0.00 0.00 11666083.65
INVESTMENT IN ASSOCIATED CO 0.00 0.00 0.00 67376.79
UNAMORTIZED DEFERRED DEBT EXPE 0.00 0.00 0.00 50854.36
LAND HELD FOR INVESTMENT 0.00 0.00 0.00 0.00
GOODWILL 0.00 0.00 0.00 433934.78
MISCELLANEOUS DEFERRED DEBITS 0.00 0.00 598524.42 730556.97
----------- ---------- ---------- -----------
TOTAL ASSETS 785636.48 900683.00 2983046.88 46187057.33
=========== ========== ========== ===========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 24824.61 38229.03 85838.70 1205979.29
ACCRUED PAYROLL 3559.99 8177.53 12563.72 137557.31
TAXES OTHER THAN INCOME 3222.27 2509.04 12957.60 98917.78
INTEREST PAYABLE 0.00 0.00 13898.79 198706.13
INCOME TAXES PAYABLE 0.00 0.00 0.00 89709.41
CUSTOMER DEPOSITS 0.00 0.00 0.00 62292.34
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 50.00 0.00 -591.05 308379.29
NOTES PAYABLE INTERCOMPANY 1049431.53 824165.14 993711.15 11366288.10
NOTES PAYABLE 0.00 0.00 1870034.06 14775769.40
DEFERRED INCOME TAXES -18700.00 62800.00 107000.00 1065200.00
OTHER DEFERRED CREDITS 0.00 0.00 0.00 0.00
DEFERRED LOSS 0.00 0.00 0.00 0.00
PREFERRED STOCK 0.00 0.00 0.00 0.00
COMMON STOCK 0.00 0.00 0.00 179700.00
PAID IN OR CAPITAL SURPLUS 0.00 0.00 0.00 2500.00
RETAINED EARNINGS -276751.92 -35197.74 -112366.09 16699958.28
TREASURY STOCK 0.00 0.00 0.00 -3900.00
----------- ---------- ---------- -----------
TOTAL LIABILITIES & EQUITY 785636.48 900683.00 2983046.88 46187057.33
=========== ========== ========== ===========
</TABLE>
<PAGE> 10
<TABLE>
<CAPTION>
LA CROSSE MONDOVI RICHLAND CTR C & H CHETEK
------------ ------------ ------------ ------------- --------------
<S> <C> <C> <C> <C> <C>
MIDWEST BOTTLE GAS CO 1/31/99
INCOME
GROSS SALES LESS RETURNS 5397546.40 613113.96 679002.04 471000.83 564533.23
COST OF GOODS SOLD 3284320.90 304324.59 363159.06 230012.50 296165.38
----------- ----------- ----------- ----------- ------------
GROSS PROFIT 2113225.50 308789.37 315842.98 240988.33 268367.85
DIVIDEND INCOME 69.62 0.00 0.00 0.00 0.00
INTEREST INCOME 1001869.18 1857.39 3487.35 5278.66 2238.41
GROSS RENTS 183842.21 2020.00 370.29 220.00 957.50
GAIN/LOSS SALE OF FIXED ASSETS 3665.65 0.00 0.00 0.00 400.00
SERVICE CALLS & CONTRACTED SER 134713.53 8108.79 10687.92 5557.99 7470.43
ADMINISTRATIVE FEE 413844.91 -17261.83 -17818.30 -13865.86 -16393.72
CYLINDER & LEASE INCOME 914.98 152.00 23.00 59.95 4928.65
MISCELLANEOUS INCOME 1589.83 -2701.00 364.22 343.23 329.85
----------- ----------- ----------- ----------- ------------
TOTAL INCOME 3853735.41 300964.72 312957.46 238582.30 268298.97
----------- ----------- ----------- ----------- ------------
SALARIES & WAGES 1243945.56 87934.58 114911.99 80977.91 84736.15
REPAIRS 238711.72 15600.40 5732.26 8310.01 10736.56
BAD DEBTS 7582.08 -1350.29 2098.08 12440.26 561.04
RENTS 131732.00 0.00 2240.00 0.00 0.00
TAXES 167163.39 9067.59 11107.17 9623.30 8962.67
INTEREST 1011424.70 163.12 179.52 20001.60 19929.46
CONTRIBUTIONS 3038.20 413.49 284.78 350.00 158.33
DEPRECIATION 207146.31 41026.54 32086.24 50509.88 71805.80
ADVERTISING 257112.73 7488.08 11506.25 14326.75 8818.34
PENSION, PROFIT SHARING 16445.12 457.80 952.07 175.00 200.00
EMPLOYEE BENEFIT PROGRAMS 79546.75 15004.30 11553.54 8399.02 11186.59
AMORTIZATION 51989.06 0.00 0.00 0.00 0.00
BONDS & LICENSES 4904.00 8.00 180.00 900.00 300.00
DUES & SUBSCRIPTIONS 12504.95 318.00 534.68 402.53 402.53
INSURANCE 46304.50 5881.00 7518.00 6124.60 7870.00
PROFESSIONAL FEES 103379.20 700.00 700.00 700.00 700.00
ADMINISTRATIVE, OFFICE 93834.82 6958.41 4699.70 6348.39 5596.07
AUTO & TRUCK EXPENSE 183491.75 19391.85 18611.93 21816.78 17688.52
TRAVEL 177622.55 558.79 1.55 0.00 0.00
TELEPHONE 22973.72 4288.23 3483.75 2755.01 1364.24
UTILITIES 31843.31 3343.08 1207.14 1479.57 1699.47
SELLING EXPENSE 7132.05 1071.41 939.61 4080.19 280.00
SHOP SUPPLIES EXPENSE 6287.52 1560.87 811.23 1160.22 480.76
MISCELLANEOUS 8480.24 397.21 9936.70 249.51 515.94
OUTSIDE SERVICES & COLLECTION -149793.84 7357.17 6413.61 4263.95 6048.59
UTILITY MERCHANDISING, JOBBING 0.00 0.00 0.00 0.00 0.00
UTILITY PLANT OPERATING EXPENS 0.00 0.00 0.00 0.00 0.00
COMMITMENT FEE 0.00 0.00 0.00 0.00 0.00
----------- ----------- ----------- ----------- ------------
TOTAL DEDUCTIONS 3964802.39 227639.63 247689.80 255394.48 260041.06
INCOME TAXES -63900.00 25700.00 22400.00 -5900.00 2800.00
----------- ----------- ----------- ----------- ------------
NET INCOME (LOSS) -47166.98 47625.09 42867.66 -10912.18 5457.91
=========== =========== =========== =========== ============
</TABLE>
<TABLE>
<CAPTION>
PRAIRIE TRUCK TRANS TANK CAR WILL`S REEDSGAS
----------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C>
INCOME
GROSS SALES LESS RETURNS 233826.03 0.00 30199.61 945347.66 1054833.07
COST OF GOODS SOLD 116256.32 -468385.03 0.00 499864.19 542404.50
------------ ----------- ----------- ----------- -----------
GROSS PROFIT 117569.71 468385.03 30199.61 445483.47 512428.57
DIVIDEND INCOME 0.00 0.00 0.00 0.00 46.71
INTEREST INCOME 1035.54 429.27 0.00 3289.50 10337.01
GROSS RENTS 110.00 0.00 0.00 0.00 1115.00
GAIN (LOSS)SALE OF FIXED ASSETS 0.00 0.00 0.00 0.00 0.00
SERVICE CALLS & CONTRACTED SER 4710.20 0.00 0.00 18038.22 14159.08
ADMINISTRATIVE FEE -5914.43 -11400.00 0.00 -25413.88 -31004.72
CYLINDER & LEASE INCOME 2455.50 0.00 0.00 214.00 335.70
MISCELLANEOUS INCOME 387.30 0.00 0.00 2593.09 784.54
------------ ----------- ----------- ----------- -----------
TOTAL INCOME 120353.82 457414.30 30199.61 444204.40 508201.89
------------ ----------- ----------- ----------- -----------
SALARIES & WAGES 56097.52 102642.25 0.00 150177.64 159276.81
REPAIRS 7382.27 51285.89 17024.33 10911.73 19920.12
BAD DEBTS 1046.53 0.00 0.00 7990.11 3596.88
RENTS 1600.00 0.00 0.00 0.00 0.00
TAXES 7612.20 0.00 72.24 14103.35 15736.32
INTEREST 19532.27 110.45 7717.54 61283.15 180282.24
CONTRIBUTIONS 83.33 0.00 0.00 133.33 83.33
DEPRECIATION 23745.02 47848.55 0.00 127885.89 163245.79
ADVERTISING 9337.38 0.00 0.00 23174.48 13083.59
PENSION, PROFIT SHARING 0.00 0.00 0.00 709.38 278.00
EMPLOYEE BENEFIT PROGRAMS 2323.03 44503.81 0.00 15532.11 21624.34
AMORTIZATION 0.00 0.00 0.00 25625.29 75447.24
BONDS & LICENSES 150.00 6634.65 0.00 180.00 405.00
DUES & SUBSCRIPTIONS 18.00 0.00 367.00 560.28 471.07
INSURANCE 3229.00 3918.00 0.00 12198.00 12175.00
PROFESSIONAL FEES 700.00 275.00 275.00 700.00 700.00
ADMINISTRATIVE, OFFICE 3782.10 201.60 94.50 14574.27 11408.37
AUTO & TRUCK EXPENSE 14669.79 65835.42 0.00 26744.08 64530.75
TRAVEL 0.00 3034.02 0.00 0.00 60.50
TELEPHONE 2083.00 186.40 0.00 3604.35 3583.57
UTILITIES 1664.20 167.98 0.00 5265.06 4053.09
SELLING EXPENSE 210.00 0.00 0.00 807.10 770.00
SHOP SUPPLIES EXPENSE 789.45 0.00 0.00 3007.14 2465.91
MISCELLANEOUS 320.69 385.96 5.00 457.27 539.40
OUTSIDE SERVICES & COLLECTION 6006.10 3600.00 0.00 8227.51 7356.98
UTILITY MERCHANDISING, JOBBING 0.00 0.00 0.00 0.00 0.00
UTILITY PLANT OPERATING EXPENS 0.00 0.00 0.00 0.00 0.00
COMMITMENT FEE 0.00 0.00 0.00 0.00 0.00
------------ ----------- ----------- ----------- -----------
TOTAL DEDUCTIONS 162381.88 330629.98 25555.61 513851.52 761094.30
INCOME TAXES -14900.00 43300.00 1500.00 -25300.00 -86200.00
------------ ----------- ----------- ----------- -----------
NET INCOME (LOSS) -27128.06 83484.32 3144.00 -44347.12 -166692.41
============ =========== =========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
EAU CLAIRE SHELL LAKE MINOCQUA TOTAL
----------- ----------- ---------- -----------
<S> <C> <C> <C> <C>
INCOME
GROSS SALES LESS RETURNS 520725.79 643522.60 1595307.66 12748958.88
COST OF GOODS SOLD 266241.97 352452.56 828369.00 6615185.94
----------- ----------- ----------- -----------
GROSS PROFIT 254483.82 291070.04 766938.66 6133772.94
DIVIDEND INCOME 0.00 0.00 0.00 116.33
INTEREST INCOME 4515.60 8447.79 13977.82 1056763.52
GROSS RENTS 79.00 0.00 0.00 188714.00
GAIN (LOSS) SALE OF FIXED ASSETS 0.00 0.00 -9666.67 -5601.02
SERVICE CALLS & CONTRACTED SER 5093.50 5169.39 35899.51 249608.56
ADMINISTRATIVE FEE -15842.69 -19546.79 0.00 239382.69
CYLINDER & LEASE INCOME 112.95 82.00 24506.39 33785.12
MISCELLANEOUS INCOME 3325.06 66.76 623.05 7705.93
----------- ----------- ----------- -----------
TOTAL INCOME 251767.24 285289.19 832278.76 7904248.07
----------- ----------- ----------- ------------
SALARIES & WAGES 90234.34 82993.82 252754.94 2506683.51
REPAIRS 15750.49 5257.32 9987.83 416610.93
BAD DEBTS 3651.63 15664.84 16568.18 69849.34
RENTS 0.00 0.00 7200.00 142772.00
TAXES 12933.60 7709.08 26838.55 290929.46
INTEREST 75191.23 61506.29 248371.68 1705693.25
CONTRIBUTIONS 148.33 193.33 148.33 5034.78
DEPRECIATION 86926.38 90869.75 221867.00 1164963.15
ADVERTISING 12184.88 7926.59 46683.17 411642.24
PENSION, PROFIT SHARING 287.00 627.46 2010.83 22142.66
EMPLOYEE BENEFIT PROGRAMS 8087.74 4137.32 23686.17 245584.72
AMORTIZATION 0.00 0.00 87184.80 240246.39
BONDS & LICENSES 750.00 450.00 330.00 15191.65
DUES & SUBSCRIPTIONS 402.53 402.53 402.53 16786.63
INSURANCE 7203.00 7716.00 17822.00 137959.10
PROFESSIONAL FEES 700.00 700.00 3437.31 113666.51
ADMINISTRATIVE, OFFICE 5119.45 6422.51 16046.04 175086.23
AUTO & TRUCK EXPENSE 19274.34 33994.28 41959.13 528008.62
TRAVEL 159.74 0.00 0.00 181437.15
TELEPHONE 3504.66 3431.31 6742.86 58001.10
UTILITIES 2469.13 1268.09 3622.26 58082.38
SELLING EXPENSE 1075.22 23.21 1997.48 18386.27
SHOP SUPPLIES EXPENSE 790.33 1233.14 3118.98 21705.55
MISCELLANEOUS 569.37 323.78 1466.61 23647.68
OUTSIDE SERVICES & COLLECTION 6217.06 6290.76 6000.00 -82012.11
UTILITY MERCHANDISING, JOBBING 0.00 0.00 0.00 0.00
UTILITY PLANT OPERATING EXPENS 0.00 0.00 0.00 0.00
COMMITMENT FEE 0.00 0.00 0.00 0.00
----------- ----------- ----------- ------------
TOTAL DEDUCTIONS 353630.45 339141.41 1046246.68 8488099.19
INCOME TAXES -32300.00 -16300.00 -66500.00 -215600.00
----------- ----------- ----------- ------------
NET INCOME (LOSS) -69563.21 -37552.22 -147467.92 -368251.12
=========== =========== =========== ============
</TABLE>
<PAGE> 11
<TABLE>
<CAPTION>
TGF-HDQ KAY DAWSON COMMERCIAL EARLY MORING THRIFTY
----------- ----------- ---------- ---------- ----------- ------------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
CASH 0.00 11572.02 6156.33 -18459.26 30062.68 11360.59
TRADE NOTES AND ACCOUNTS REC 0.00 95094.27 59874.18 60913.67 483883.61 55103.33
ALLOWANCE FOR BAD DEBTS 0.00 -7000.00 -3400.00 -3500.00 -50000.00 -6000.00
INVENTORIES -7997.09 64430.15 71145.39 43070.02 325548.85 47472.78
PREPAID EXPENSES 630.00 9958.00 8192.75 6996.00 46236.25 5579.00
ACCRUED INTEREST RECEIVABLE 0.00 0.00 0.00 0.00 0.00 0.00
NOTES RECEIVABLE, OTHER 0.00 0.00 0.00 0.00 0.00 0.00
LOANS TO STOCKHOLDERS 0.00 0.00 0.00 0.00 0.00 0.00
NOTES RECEIVABLE, INTERCOMPANY 5101942.94 0.00 449.05 0.00 16900.96 0.00
OTHER INVESTMENTS 0.00 0.00 0.00 0.00 0.00 0.00
BUILDINGS & OTHER DEPRECIABLE 68660.38 1135403.01 1041412.20 626083.56 5307269.50 1042749.04
ACCUMULATED DEPRECIATION -34740.01 -606050.96 -906912.94 -508629.76 -3414498.07 -736025.80
LAND 0.00 18000.00 35445.66 4000.00 75619.92 98708.06
INTANGIBLE ASSETS 0.00 0.00 0.00 0.00 0.00 0.00
CSV LIFE INSURANCE 0.00 0.00 0.00 0.00 0.00 0.00
INVESTMENT IN WHOLLY OWNED SUB 0.00 0.00 0.00 0.00 0.00 0.00
INVESTMENT IN ASSOCIATED CO 0.00 0.00 0.00 0.00 0.00 0.00
UNAMORTIZED DEFERRED DEBT EXPE 0.00 0.00 0.00 0.00 0.00 0.00
LAND HELD FOR INVESTMENT 0.00 0.00 0.00 0.00 0.00 0.00
GOODWILL 0.00 2000.00 0.00 1000.00 1000.00 1050.00
MISCELLANEOUS DEFERRED DEBITS 0.00 169819.13 0.00 0.00 0.00 0.00
---------- ---------- ---------- ---------- ----------- ----------
TOTAL ASSETS 5128496.22 893225.62 312362.62 211474.23 2822023.70 519997.00
========== ========== ========== ========== =========== ==========
TGF-HDQ KAY DAWSON COMMERCIAL EARLY MORING THRIFTY
----------- ----------- ---------- ---------- ----------- ------------
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 0.00 1433.46 24276.32 14353.22 93717.76 25523.68
ACCRUED PAYROLL 24833.33 14679.46 15264.44 12734.21 46805.78 9487.05
TAXES OTHER THAN INCOME 831.92 5274.19 6344.39 5898.62 31315.52 3061.50
INTEREST PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00
INCOME TAXES PAYABLE 18537.68 0.00 0.00 0.00 0.00 0.00
CUSTOMER DEPOSITS 0.00 0.00 64510.00 0.00 0.00 53404.70
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 0.00 209.79 76.53 -44.84 635.06 13.00
NOTES PAYABLE INTERCOMPANY 0.00 1534548.90 33500.00 67891.44 338794.38 23126.64
NOTES PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00
DEFERRED INCOME TAXES -52400.00 57000.00 133100.00 38700.00 618300.00 135200.00
OTHER DEFERRED CREDITS 0.00 0.00 0.00 0.00 0.00 0.00
DEFERRED LOSS 0.00 0.00 0.00 0.00 0.00 0.00
PREFERRED STOCK 0.00 0.00 0.00 0.00 0.00 0.00
COMMON STOCK 0.00 0.00 500.00 0.00 0.00 500.00
PAID IN OR CAPITAL SURPLUS 0.00 0.00 188466.06 0.00 0.00 0.00
RETAINED EARNINGS 5136693.29 -732820.33 -153675.12 71941.58 1692455.20 269680.43
TREASURY STOCK 0.00 0.00 0.00 0.00 0.00 0.00
---------- ---------- ---------- --------- ---------- ---------
TOTAL LIABILITIES & EQUITY 5128496.22 893225.62 312362.62 211474.23 2822023.70 519997.00
========== ========== ========== ========= ========== =========
TROUP ECONOMY MARION CTY ARROWOOD TOTAL TGF
---------- ---------- ----------- ---------- -----------
ASSETS
CASH 6883.13 10051.96 7407.20 1182.23 66216.88
TRADE NOTES AND ACCOUNTS REC 58760.75 31593.25 33279.72 -10285.81 868216.97
ALLOWANCE FOR BAD DEBTS -2500.00 -3500.00 -3500.00 0.00 -79400.00
INVENTORIES 61809.56 33474.25 23204.92 0.00 662158.83
PREPAID EXPENSES 8467.00 5222.00 2407.00 7992.00 101680.00
ACCRUED INTEREST RECEIVABLE 0.00 0.00 0.00 0.00 0.00
NOTES RECEIVABLE, OTHER 0.00 0.00 0.00 0.00 0.00
LOANS TO STOCKHOLDERS 0.00 0.00 0.00 0.00 0.00
NOTES RECEIVABLE, INTERCOMPANY 0.00 12.49 1094.63 0.00 5120400.07
OTHER INVESTMENTS 0.00 0.00 0.00 0.00 0.00
BUILDINGS & OTHER DEPRECIABLE 825258.78 599679.19 521847.43 525540.11 11693903.20
ACCUMULATED DEPRECIATION -713552.97 -358385.36 -344153.51 -406473.53 -8029422.91
LAND 9000.00 90769.15 15450.00 439707.34 786700.13
INTANGIBLE ASSETS 0.00 0.00 0.00 0.00 0.00
CSV LIFE INSURANCE 0.00 0.00 0.00 0.00 0.00
INVESTMENT IN WHOLLY OWNED SUB 0.00 0.00 0.00 0.00 0.00
INVESTMENT IN ASSOCIATED CO 0.00 0.00 0.00 0.00 0.00
UNAMORTIZED DEFERRED DEBT EXPE 0.00 0.00 0.00 0.00 0.00
LAND HELD FOR INVESTMENT 0.00 0.00 0.00 0.00 0.00
GOODWILL 0.00 0.00 0.00 0.00 5050.00
MISCELLANEOUS DEFERRED DEBITS 0.00 0.00 0.00 0.00 169819.13
---------- ---------- ---------- ---------- -----------
TOTAL ASSETS 254126.25 408916.93 257037.39 557662.34 11365322.30
========== ========== ========== ========== ===========
TROUP ECONOMY MARION CTY ARROWOOD TOTAL TGF
---------- ---------- ----------- ---------- -----------
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 49219.63 7985.17 19447.92 7456.56 256313.72
ACCRUED PAYROLL 11061.50 2993.09 2679.32 2750.48 143288.81
TAXES OTHER THAN INCOME 7746.29 1972.05 1850.47 4342.73 68637.68
INTEREST PAYABL E 0.00 0.00 0.00 0.00 0.00
INCOME TAXES PAYABLE 0.00 0.00 0.00 0.00 18537.68
CUSTOMER DEPOSITS 50285.00 0.00 8105.00 0.00 176304.70
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 0.00 0.00 0.00 0.00 889.54
NOTES PAYABLE INTERCOMPANY 31100.00 462763.00 31106.79 51122.41 2573953.56
NOTES PAYABLE 0.00 0.00 0.00 206518.82 206518.82
DEFERRED INCOME TAXES 117100.00 124300.00 98200.00 100700.00 1370200.00
OTHER DEFERRED CREDITS 0.00 0.00 0.00 0.00 0.00
DEFERRED LOSS 0.00 0.00 0.00 0.00 0.00
PREFERRED STOCK 0.00 0.00 0.00 0.00 0.00
COMMON STOCK 2500.00 0.00 0.00 0.00 3500.00
PAID IN OR CAPITAL SURPLUS 7500.00 0.00 0.00 0.00 195966.06
RETAINED EARNINGS -22386.17 -191096.38 95647.89 184771.34 6351211.73
TREASURY STOCK 0.00 0.00 0.00 0.00 0.00
--------- ---------- --------- --------- -----------
TOTAL LIABILITIES & EQUITY 254126.25 408916.93 257037.39 557662.34 11365322.30
========= ========== ========= ========= ===========
</TABLE>
<PAGE> 12
<TABLE>
<CAPTION>
TGF-HDQ KAY DAWSON COMMERCIAL EARLY MORING THRIFTY
----------- ----------- ----------- ----------- ------------ -----------
<S> <C> <C> <C> <C> <C> <C>
INCOME TRU-GAS OF FLORIDA, INC. 1/31/99
GROSS SALES LESS RETURNS 0.00 651376.34 639646.74 486323.54 3224580.44 456934.53
COST OF GOODS SOLD -51305.78 255697.85 237311.70 229342.98 1408937.67 140996.37
----------- ----------- ----------- ----------- ------------ -----------
GROSS PROFIT 51305.78 395678.49 402335.04 256980.56 1815642.77 315938.16
DIVIDEND INCOME 0.00 0.00 0.00 0.00 0.00 0.00
INTEREST INCOME 109512.75 4431.62 1635.42 3905.46 39639.60 2736.96
GROSS RENTS 9517.41 0.00 0.00 0.00 6843.03 0.00
GAIN(LOSS)SALE OF FIXED ASSETS 0.00 0.00 0.00 0.00 10801.65 0.00
SERVICE CALLS & CONTRACTED SER 0.00 18206.56 32759.31 14285.20 57035.69 26328.03
ADMINISTRATIVE FEE 0.00 -12407.23 -11460.15 -13083.53 -69494.84 -5636.87
CYLINDER & LEASE INCOME 0.00 18237.43 15451.65 15634.50 250.00 23607.92
MISCELLANEOUS INCOME 0.00 867.32 2898.31 1255.88 3152.17 1782.09
----------- ----------- ----------- ----------- ------------ -----------
TOTAL INCOME 170335.94 425014.19 443619.58 278978.07 1863870.07 364756.29
----------- ----------- ----------- ----------- ------------ -----------
SALARIES & WAGES 105434.57 218311.46 145080.48 108398.40 638597.08 119274.15
REPAIRS 1508.03 10892.31 12457.97 6680.10 66583.73 9878.04
BAD DEBTS 0.00 7676.53 2057.27 20483.51 47890.01 1779.18
RENTS 0.00 7991.25 3600.00 0.00 0.00 0.00
TAXES 6393.65 19551.77 17310.71 8483.12 69743.61 15816.64
INTEREST 0.00 114101.51 188.00 3095.81 34153.25 374.24
CONTRIBUTIONS 0.00 113.33 83.33 98.33 8875.98 300.92
DEPRECIATION 6048.98 88271.41 35415.53 22570.98 314850.78 42354.67
ADVERTISING 0.00 8619.07 3675.80 1517.92 16161.43 4236.66
PENSION, PROFIT SHARING 502.91 620.00 960.97 635.53 936.89 612.56
EMPLOYEE BENEFIT PROGRAMS 10998.34 21895.18 13166.77 16240.99 55752.09 7964.60
AMORTIZATION 0.00 0.00 0.00 0.00 0.00 0.00
BONDS & LICENSES 385.00 1042.50 1404.00 300.00 2634.00 457.00
DUES & SUBSCRIPTIONS 0.00 725.44 570.71 761.54 2255.84 600.71
INSURANCE 0.00 14108.00 12787.00 11148.00 57847.00 9387.00
PROFESSIONAL FEES 625.00 1080.00 1295.12 1450.00 6590.28 1418.75
ADMINISTRATIVE, OFFICE 10.26 11993.45 11104.95 6198.03 49659.17 13487.65
AUTO & TRUCK EXPENSE 0.00 53547.17 35481.84 25888.68 252236.04 30968.15
TRAVEL 110338.98 268.18 686.76 710.63 1596.87 753.68
TELEPHONE 0.00 11681.28 3438.07 3516.31 34679.47 4654.73
UTILITIES 0.00 5283.19 2628.99 3347.49 10990.39 4357.68
SELLING EXPENSE 0.00 50.00 104.60 0.00 304.64 25.00
SHOP SUPPLIES EXPENSE 0.00 499.27 1850.39 975.00 10843.38 1541.05
MISCELLANEOUS 12.30 1668.31 3504.47 293.25 4949.88 1580.80
OUTSIDE SERVICES & COLLECTION 6000.00 7200.00 7426.60 7200.00 11988.71 7352.22
UTILITY MERCHANDISING,JOBBING 0.00 0.00 0.00 0.00 0.00 0.00
UTILITY PLANT OPERATING EXPENS 0.00 0.00 0.00 0.00 0.00 0.00
COMMITMENT FEE 0.00 0.00 0.00 0.00 0.00 0.00
----------- ----------- ----------- ----------- ------------ -----------
TOTAL DEDUCTIONS 248258.02 607190.61 316280.33 249993.62 1700120.52 279176.08
INCOME TAXES -29100.00 -68300.00 47500.00 12400.00 64000.00 31900.00
----------- ----------- ----------- ----------- ------------ -----------
NET INCOME(LOSS) -48822.08 -113876.42 79839.25 16584.45 99749.55 53680.21
=========== =========== =========== =========== ============ ===========
<CAPTION>
TROUP ECONOMY MARION CTY ARROWOOD TOTAL TGF
------------ ------------ ----------- ----------- ------------
<S> <C> <C> <C> <C> <C>
INCOME
GROSS SALES LESS RETURNS 482336.79 325872.96 391777.62 15397.50 6674246.46
COST OF GOODS SOLD 139703.00 99629.76 126788.47 -0.80 2587101.22
------------ ------------ ---------- ---------- ------------
GROSS PROFIT 342633.79 226243.20 264989.15 15398.30 4087145.24
DIVIDEND INCOME 0.00 0.00 0.00 0.00 0.00
INTEREST INCOME 2760.82 2311.33 1649.60 422.97 169006.53
GROSS RENTS 0.00 0.00 42.00 399329.45 415731.89
GAIN(LOSS)SALE OF FIXED ASSETS -800.00 0.00 0.00 -6970.71 3030.94
SERVICE CALLS & CONTRACTED SER 20012.89 5961.53 8451.35 0.00 183040.56
ADMINISTRATIVE FEE -6446.51 -4976.85 -6667.12 -24000.00 -154173.10
CYLINDER & LEASE INCOME 35038.00 12627.00 18450.74 0.00 139297.24
MISCELLANEOUS INCOME 1384.10 786.75 473.21 5.00 12604.83
------------ ------------ ---------- ---------- ------------
TOTAL INCOME 394583.09 242952.96 287388.93 384185.01 4855684.13
------------ ------------ ---------- ---------- ------------
SALARIES & WAGES 111822.92 67667.25 71973.14 30492.93 1617052.38
REPAIRS 9880.49 3683.65 6646.53 10406.41 138617.26
BAD DEBTS 4215.41 3442.48 1550.46 0.00 89094.85
RENTS 0.00 0.00 3600.00 0.00 15191.25
TAXES 13456.92 7293.00 4744.30 41928.95 204722.67
INTEREST 200.72 34160.46 1853.22 19509.43 207636.64
CONTRIBUTIONS 108.33 83.33 83.33 93.33 9840.21
DEPRECIATION 22347.33 34687.47 32834.46 17098.49 616480.10
ADVERTISING 2886.06 3677.39 9767.06 4299.76 54841.15
PENSION, PROFIT SHARING 448.25 300.00 -2.00 560.00 5575.11
EMPLOYEE BENEFIT PROGRAMS 19999.75 4476.96 10359.93 216.15 161070.76
AMORTIZATION 0.00 0.00 0.00 0.00 0.00
BONDS & LICENSES 1375.00 480.00 573.75 2433.00 11084.25
DUES & SUBSCRIPTIONS 570.71 570.71 570.71 923.00 7549.37
INSURANCE 14150.00 6780.00 2846.00 5539.00 134592.00
PROFESSIONAL FEES 1365.00 965.00 1152.50 850.00 16791.65
ADMINISTRATIVE, OFFICE 12583.61 6553.50 5490.04 1982.65 119063.31
AUTO & TRUCK EXPENSE 40276.38 18256.03 22431.59 409.68 479495.56
TRAVEL 36.00 0.00 0.00 0.00 114391.10
TELEPHONE 5421.69 1182.82 1427.41 657.68 66659.46
UTILITIES 3800.55 1216.90 2354.08 34461.05 68440.32
SELLING EXPENSE 84.39 25.00 25.00 607.58 1226.21
SHOP SUPPLIES EXPENSE 1164.05 155.12 170.04 61.48 17259.78
MISCELLANEOUS 1690.73 1050.24 887.35 1067.68 16705.01
OUTSIDE SERVICES & COLLECTION 7200.00 8008.66 7333.10 3600.00 73309.29
UTILITY MERCHANDISING,JOBBING 0.00 0.00 0.00 0.00 0.00
UTILITY PLANT OPERATING EXPENS 0.00 0.00 0.00 0.00 0.00
COMMITMENT FEE 0.00 0.00 0.00 0.00 0.00
------------ ------------ ---------- ---------- ------------
TOTAL DEDUCTIONS 275084.29 204715.97 188672.00 177198.25 4246689.69
INCOME TAXES 44600.00 14000.00 36800.00 77400.00 231200.00
------------ ------------ ---------- ---------- ------------
NET INCOME(LOSS) 74898.80 24236.99 61916.93 129586.76 377794.44
============ ============ ========== ========== ============
</TABLE>
<PAGE> 13
<TABLE>
<CAPTION>
DAWSON NGL DAWSON HDQ TOTAL DAWSON
---------- ----------- ------------
<S> <C> <C> <C>
ASSETS Dawson Oil Co., Ltd. 1/31/99
CASH -889.62 -32111.83 -33001.45
TRADE NOTES AND ACCOUNTS REC 2413983.19 938.44 2414921.63
ALLOWANCE FOR BAD DEBTS -71000.00 0.00 -71000.00
INVENTORIES 3901761.35 0.00 3901761.35
PREPAID EXPENSES 59473.67 9186.00 68659.67
ACCRUED INTEREST RECEIVABLE 0.00 0.00 0.00
NOTES RECEIVABLE,OTHER 0.00 0.00 0.00
LOANS TO STOCKHOLDERS 0.00 0.00 0.00
NOTES RECEIVABLE, INTERCOMPANY 142618.64 745045.83 887664.47
OTHER INVESTMENTS 0.00 0.00 0.00
BUILDINGS & OTHER DEPRECIABLE 52361.95 1245536.74 1297898.69
ACCUMULATED DEPRECIATION -46769.88 -284355.20 -331125.08
LAND 0.00 0.00 0.00
INTANGIBLE ASSETS 0.00 0.00 0.00
CSV LIFE INSURANCE 0.00 0.00 0.00
INVESTMENT IN WHOLLY OWNED SUB 0.00 0.00 0.00
INVESTMENT IN ASSOCIATED CO 0.00 0.00 0.00
UNAMORTIZED DEFERRED DEBT EXPE 0.00 0.00 0.00
LAND HELD FOR INVESTMENT 0.00 0.00 0.00
GOODWILL 1000.00 0.00 1000.00
MISCELLANEOUS DEFERRED DEBITS 0.00 0.00 0.00
---------- ----------- ------------
TOTAL ASSETS 6452539.30 1684239.98 8136779.28
========== =========== ============
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 3329703.07 17774.81 3347477.88
ACCRUED PAYROLL 10460.53 0.00 10460.53
TAXES OTHER THAN INCOME 2596.78 117.07 2713.85
INTEREST PAYABLE 0.00 0.00 0.00
INCOME TAXES PAYABLE 0.00 18644.33 18644.33
CUSTOMER DEPOSITS 0.00 0.00 0.00
DIVIDENDS PAYABLE 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 3685.70 0.00 3685.70
NOTES PAYABLE INTERCOMPANY 3631812.83 0.00 3631812.83
NOTES PAYABLE 0.00 767986.63 767986.63
DEFERRED INCOME TAXES -200800.00 168100.00 -32700.00
OTHER DEFERRED CREDITS 0.00 0.00 0.00
DEFERRED LOSS 0.00 0.00 0.00
PREFERRED STOCK 0.00 0.00 0.00
COMMON STOCK 10000.00 0.00 10000.00
PAID IN OR CAPITAL SURPLUS 0.00 0.00 0.00
RETAINED EARNINGS -334919.61 711617.14 376697.53
TREASURY STOCK 0.00 0.00 0.00
---------- ----------- ------------
TOTAL LIABILITIES & EQUITY 6452539.30 1684239.98 8136779.28
========== =========== ============
</TABLE>
<PAGE> 14
<TABLE>
<CAPTION>
DAWSON NGL DAWSON HDQ TOTAL DAWSON
----------- ---------- ------------
DAWSON OIL CO., LTD 1/31/99
<S> <C> <C> <C>
INCOME
GROSS SALES LESS RETURNS 24437829.95 0.00 24437829.95
COST OF GOODS SOLD 24329822.29 -51206.71 24278615.58
----------- ---------- -----------
GROSS PROFIT 108007.66 51206.71 159214.37
DIVIDEND INCOME 00.00 00.00 0.00
INTEREST INCOME 81035.52 15456.64 96492.16
GROSS RENTS 0.00 0.00 0.00
GAIN(LOSS)SALE OF FIXED ASSETS 0.00 0.00 0.00
SERVICE CALLS & CONTRACTED SER 0.00 0.00 0.00
ADMINISTRATIVE FEE -24000.00 0.00 -24000.00
CYLINDER & LEASE INCOME 2556.00 0.00 2556.00
MISCELLANEOUS INCOME 0.00 0.00 0.00
----------- ---------- -----------
TOTAL INCOME 167599.18 66663.35 234262.53
----------- ---------- -----------
SALARIES & WAGES 117479.80 0.00 117479.80
REPAIRS 0.00 0.00 0.00
BAD DEBTS 18000.00 0.00 18000.00
RENTS 11863.58 15653.16 27516.74
TAXES 8040.73 0.00 8040.73
INTEREST 212235.79 69185.54 281421.33
CONTRIBUTIONS 0.00 0.00 0.00
DEPRECIATION 3412.55 111623.78 115036.33
ADVERTISING 1213.37 0.00 1213.37
PENSION, PROFIT SHARING 880.14 0.00 880.14
EMPLOYEE BENEFIT PROGRAMS 2518.72 118.72 2637.44
AMORTIZATION 0.00 0.00 0.00
BONDS & LICENSES 50.00 470.00 520.00
DUES & SUBSCRIPTIONS 1331.95 2008.00 3339.95
INSURANCE 4270.00 10995.00 15265.00
PROFESSIONAL FEES 10979.29 625.00 11604.29
ADMINISTRATIVE, OFFICE 44916.60 30.33 44946.93
AUTO & TRUCK EXPENSE 0.00 0.00 0.00
TRAVEL 619.06 -143480.67 -142861.61
TELEPHONE 7723.78 977.44 8701.22
UTILITIES 0.00 0.00 0.00
SELLING EXPENSE 0.00 0.00 0.00
SHOP SUPPLIES EXPENSE 0.00 0.00 0.00
MISCELLANEOUS 2720.47 193.65 2914.12
OUTSIDE SERVICES & COLLECTION 0.00 6000.00 6000.00
UTILITY MERCHANDISING,JOBBING 0.00 0.00 0.00
UTILITY PLANT OPERATING EXPENS 0.00 0.00 0.00
COMMITMENT FEE 0.00 0.00 0.00
----------- ---------- -----------
TOTAL DEDUCTIONS 448255.83 74399.95 522655.78
INCOME TAXES -133321.00 2221.00 -131100.00
----------- ---------- -----------
NET INCOME(LOSS) -147335.65 -9957.60 -157293.25
=========== ========== ===========
</TABLE>
<PAGE> 15
<TABLE>
<CAPTION>
HIAWATHA MBG-MINN OLSON`S TOMAH MNG MIDWEST LPG TOTAL OT SUB
-------- -------- ------- ------ ------ ----------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
ASSETS OTHER SUBSIDIARIES 1/31/99
CASH 7263.58 5471.40 10572.58 1703.50 3211.55 0.00 28222.61
TRADE NOTES AND ACCOUNTS REC 53182.06 94021.70 36453.00 26762.77 1374004.21 0.00 1584423.74
ALLOWANCE FOR BAD DEBTS -8000.00 -2600.00 -2500.00 -5000.00 -23000.00 0.00 -41100.00
INVENTORIES 14318.16 31658.56 81101.31 22507.63 280574.59 0.00 430160.25
PREPAID EXPENSES 4676.00 4757.00 55641.14 3480.00 96557.64 224.00 165335.78
ACCRUED INTEREST RECEIVABLE 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOTES RECEIVABLE,OTHER 0.00 0.00 0.00 0.00 0.00 0.00 0.00
LOANS TO STOCKHOLDERS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOTES RECEIVABLE, INTERCOMPANY 80.95 604.51 237.82 0.00 33.76 0.00 957.04
OTHER INVESTMENTS 0.00 0.00 0.00 0.00 750.00 0.00 750.00
BUILDINGS & OTHER DEPRECIABLE 613231.87 562611.27 1179328.69 626365.39 15452229.72 20435.73 18454202.67
ACCUMULATED DEPRECIATION -458957.35 -419448.54 -778805.06 -472636.99 -5004778.95 -18535.73 -7153162.62
LAND 22297.87 20449.84 11037.00 2000.00 32262.59 0.00 88047.30
INTANGIBLE ASSETS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CSV LIFE INSURANCE 0.00 0.00 0.00 0.00 0.00 0.00 0.00
INVESTMENT IN WHOLLY OWNED SUB 0.00 0.00 0.00 0.00 0.00 0.00 0.00
INVESTMENT IN ASSOCIATED CO 0.00 0.00 0.00 0.00 0.00 0.00 0.00
UNAMORTIZED DEFERRED DEBT EXPE 0.00 0.00 0.00 0.00 18758.08 0.00 18758.08
LAND HELD FOR INVESTMENT 0.00 0.00 0.00 0.00 0.00 0.00 0.00
GOODWILL 0.00 0.00 0.00 250.00 0.00 0.00 250.00
MISCELLANEOUS DEFERRED DEBITS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
---------- --------- ---------- --------- ----------- --------- -----------
TOTAL ASSETS 248093.14 297525.74 593066.48 205432.30 12230603.19 2124.00 13576844.85
========== ========= ========== ========= =========== ========= ===========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 25626.85 106347.55 30572.66 11313.36 779742.61 1998.25 955601.28
ACCRUED PAYROLL 6975.96 8789.46 8136.37 8348.78 41067.41 0.00 73317.98
TAXES OTHER THAN INCOME 4938.35 4005.91 5698.32 2644.06 26268.76 0.00 43555.40
INTEREST PAYABLE 0.00 0.00 0.00 0.00 100088.91 0.00 100088.91
INCOME TAXES PAYABLE 1526.47 2327.69 6430.77 1625.32 10902.45 -379.00 22433.70
CUSTOMER DEPOSITS 5040.00 6620.00 80.00 16120.00 32591.49 0.00 60451.49
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 0.00 0.00 0.00 50.94 208988.97 0.00 209039.91
NOTES PAYABLE INTERCOMPANY 20742.08 35306.54 256950.34 40739.54 1236794.92 9075.54 1599608.96
NOTES PAYABLE 0.00 0.00 0.00 0.00 3560658.38 0.00 3560658.38
DEFERRED INCOME TAXES 83100.00 57500.00 44600.00 67000.00 786600.00 23500.00 1062300.00
OTHER DEFERRED CREDITS 0.00 0.00 0.00 0.00 11811.91 0.00 11811.91
DEFERRED LOSS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PREFERRED STOCK 0.00 0.00 0.00 0.00 0.00 0.00 0.00
COMMON STOCK 1000.00 40000.00 136900.00 500.00 627070.00 1000.00 806470.00
PAID IN OR CAPITAL SURPLUS 0.00 3895.00 2755.00 0.00 1557961.00 0.00 1564611.00
RETAINED EARNINGS 99143.43 32733.59 100943.02 57090.30 3250056.38 -33070.79 3506895.93
TREASURY STOCK 0.00 0.00 0.00 0.00 0.00 0.00 0.00
---------- --------- ---------- --------- ----------- --------- -----------
TOTAL LIABILITIES & EQUITY 248093.14 297525.74 593066.48 205432.30 12230603.19 2124.00 13576844.85
========== ========= ========== ========= =========== ========= ===========
</TABLE>
<PAGE> 16
<TABLE>
<CAPTION>
HIAWATHA MBG-MINN OLSON'S TOMAH
--------- --------- --------- ----------
<S> <C> <C> <C> <C>
OTHER SUBSIDIARIES 1/31/99
INCOME
GROSS SALES LESS RETURNS 567977.80 582337.94 917291.37 505351.66
COST OF GOODS SOLD 280663.61 313408.69 509288.39 253435.09
--------- --------- --------- ---------
GROSS PROFIT 287314.19 268929.25 408002.98 251916.57
DIVIDEND INCOME 0.00 0.00 0.00 0.00
INTEREST INCOME 5911.48 2453.08 5306.23 2490.77
GROSS RENTS 225.00 39144.00 2832.35 0.00
GAIN(LOSS)SALE OF FIXED ASSETS 25.00 0.00 0.00 0.00
SERVICE CALLS & CONTRACTED SER 6055.75 8972.95 14758.24 6778.48
ADMINISTRATIVE FEE -16748.28 -16556.58 -14247.56 -13785.95
CYLINDER & LEASE INCOME 34.00 61.00 290.40 64.00
MISCELLANEOUS INCOME -2.00 244.02 89.56 262.09
--------- --------- --------- ---------
TOTAL INCOME 282815.14 303247.72 417032.20 247725.96
--------- --------- --------- ---------
SALARIES & WAGES 87543.18 97258.24 166402.34 85217.88
REPAIRS 12937.69 6307.50 6191.68 12449.89
BAD DEBTS 1622.60 4996.99 1988.92 3421.70
RENTS 0.00 5573.00 12545.73 514.99
TAXES 9102.12 13057.10 15980.03 8346.07
INTEREST 237.69 670.59 11176.89 1868.41
CONTRIBUTIONS 1077.69 347.62 83.33 83.33
DEPRECIATION 40161.41 24403.79 54789.40 28718.08
ADVERTISING 8198.34 6106.27 7952.92 6417.23
PENSION, PROFIT SHARING 263.93 501.00 891.85 492.00
EMPLOYEE BENEFIT PROGRAMS 8418.68 10751.58 11611.89 8118.28
AMORTIZATION 0.00 0.00 0.00 0.00
BONDS & LICENSES 130.00 150.00 185.00 35.00
DUES & SUBSCRIPTIONS 420.71 528.71 595.83 402.53
INSURANCE 7034.00 8095.00 10367.00 5742.00
PROFESSIONAL FEES 950.00 950.00 2200.00 1200.00
ADMINISTRATIVE, OFFICE 7610.13 5114.67 6854.44 8336.39
AUTO & TRUCK EXPENSE 22182.10 22191.44 15958.43 18352.71
TRAVEL 0.00 0.00 722.33 0.00
TELEPHONE 1783.03 2312.30 3057.48 944.86
UTILITIES 1250.29 6498.83 3072.82 1656.00
SELLING EXPENSE 648.21 830.00 1601.15 310.00
SHOP SUPPLIES EXPENSE 2280.68 2812.89 7580.42 450.84
MISCELLANEOUS 1103.81 12985.27 23445.51 297.91
OUTSIDE SERVICES & COLLECTION 6861.39 2497.86 6325.88 6500.17
UTILITY MERCHANDISING,JOBBING 0.00 0.00 0.00 0.00
UTILITY PLANT OPERATING EXPENS 0.00 0.00 0.00 0.00
COMMITMENT FEE 0.00 0.00 0.00 0.00
--------- --------- --------- ---------
TOTAL DEDUCTIONS 221817.68 234940.65 371581.27 199876.27
INCOME TAXES 21800.00 24300.00 18500.00 18900.00
--------- --------- --------- ---------
NET INCOME(LOSS) 39197.46 44007.07 26950.93 28949.69
========= ========= ========= =========
</TABLE>
<TABLE>
<CAPTION>
MNG MIDWEST LPG TOTAL OT SUB
---------- --------- ----------
<S> <C> <C> <C>
INCOME
GROSS SALES LESS RETURNS 7401910.83 0.00 9974869.60
COST OF GOODS SOLD 4989265.33 0.00 6346061.11
---------- --------- ----------
GROSS PROFIT 2412645.50 0.00 3628808.49
DIVIDEND INCOME 0.00 0.00 0.00
INTEREST INCOME 291.98 28.10 16481.64
GROSS RENTS 2625.00 0.00 44826.35
GAIN(LOSS)SALE OF FIXED ASSETS 0.00 0.00 25.00
SERVICE CALLS & CONTRACTED SER 79162.47 44965.04 160692.93
ADMINISTRATIVE FEE 0.00 0.00 -61338.37
CYLINDER & LEASE INCOME 0.00 0.00 449.40
MISCELLANEOUS INCOME 0.00 0.00 593.67
---------- -------- ----------
TOTAL INCOME 2494724.95 44993.14 3790539.11
---------- -------- ----------
SALARIES & WAGES 381837.94 0.00 818259.58
REPAIRS 107640.33 0.00 145527.09
BAD DEBTS 8632.00 0.00 20662.21
RENTS 36978.05 0.00 55611.77
TAXES 141738.72 0.00 188224.04
INTEREST 447020.69 302.64 461276.91
CONTRIBUTIONS 0.00 0.00 1591.97
DEPRECIATION 514906.15 1853.56 664832.39
ADVERTISING -4928.02 0.00 23746.74
PENSION, PROFIT SHARING 2163.58 0.00 4312.36
EMPLOYEE BENEFIT PROGRAMS 32853.66 0.00 71754.09
AMORTIZATION 2420.40 0.00 2420.40
BONDS & LICENSES 0.00 110.00 610.00
DUES & SUBSCRIPTIONS 0.00 0.00 1947.78
INSURANCE 10127.00 461.00 41826.00
PROFESSIONAL FEES 60743.24 400.00 66443.24
ADMINISTRATIVE, OFFICE 19177.54 153.46 47246.63
AUTO & TRUCK EXPENSE 0.00 1138.47 79823.15
TRAVEL 0.00 451.55 1173.88
TELEPHONE 0.00 296.77 8394.44
UTILITIES 0.00 0.00 12477.94
SELLING EXPENSE 10765.36 0.00 14154.72
SHOP SUPPLIES EXPENSE 0.00 0.00 13124.83
MISCELLANEOUS 13245.23 0.00 51077.73
OUTSIDE SERVICES & COLLECTION 82484.74 0.00 104670.04
UTILITY MERCHANDISING,JOBBING 0.00 0.00 0.00
UTILITY PLANT OPERATING EXPENS 38851.73 0.00 38851.73
COMMITMENT FEE 0.00 0.00 0.00
---------- -------- ----------
TOTAL DEDUCTIONS 1906658.34 5167.45 2940041.66
INCOME TAXES 228300.07 15700.00 327500.07
---------- -------- ----------
NET INCOME(LOSS) 359766.54 24125.69 522997.38
========== ======== ==========
</TABLE>
<PAGE> 17
<TABLE>
<CAPTION>
CMI
---------
ASSETS Consolidated Midwest, Inc. (Only) 1/31/99
<S> <C>
CASH -9820.00
TRADE NOTES AND ACCOUNTS REC 0.00
ALLOWANCE FOR BAD DEBTS 0.00
INVENTORIES 0.00
PREPAID EXPENSES 0.00
ACCRUED INTEREST RECEIVABLE 0.00
NOTES RECEIVABLE,OTHER 0.00
LOANS TO STOCKHOLDERS 0.00
NOTES RECEIVABLE, INTERCOMPANY 0.00
OTHER INVESTMENTS 0.00
BUILDINGS & OTHER DEPRECIABLE 0.00
ACCUMULATED DEPRECIATION 0.00
LAND 0.00
INTANGIBLE ASSETS 0.00
CSV LIFE INSURANCE 0.00
INVESTMENT IN WHOLLY OWNED SUB 18350627.73
INVESTMENT IN ASSOCIATED CO 0.00
UNAMORTIZED DEFERRED DEBT EXPE 0.00
LAND HELD FOR INVESTMENT 0.00
GOODWILL 0.00
MISCELLANEOUS DEFERRED DEBITS 0.00
-----------
TOTAL ASSETS 18340807.73
===========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 0.00
ACCRUED PAYROLL 0.00
TAXES OTHER THAN INCOME 0.00
INTEREST PAYABLE 0.00
INCOME TAXES PAYABLE 930.00
CUSTOMER DEPOSITS 0.00
DIVIDENDS PAYABLE 0.00
OTHER CURRENT LIABILITIES 0.00
NOTES PAYABLE INTERCOMPANY 5108315.19
NOTES PAYABLE 861841.08
DEFERRED INCOME TAXES 0.00
OTHER DEFERRED CREDITS 0.00
DEFERRED LOSS 0.00
PREFERRED STOCK 0.00
COMMON STOCK 178725.00
PAID IN OR CAPITAL SURPLUS 1535221.00
RETAINED EARNINGS 10655775.46
TREASURY STOCK 0.00
-----------
TOTAL LIABILITIES & EQUITY 18340807.73
===========
</TABLE>
<PAGE> 18
<TABLE>
<CAPTION>
CMI
-----
CONSOLIDATED MIDWEST, INC. (ONLY) 1/31/99
<S> <C>
INCOME
GROSS SALES LESS RETURNS 0.00
COST OF GOODS SOLD 0.00
---------
GROSS PROFIT 0.00
DIVIDEND INCOME 0.00
INTEREST INCOME 0.00
GROSS RENTS 0.00
GAIN(LOSS)SALE OF FIXED ASSETS 0.00
SERVICE CALLS & CONTRACTED SER 0.00
ADMINISTRATIVE FEE 0.00
CYLINDER & LEASE INCOME 0.00
MISCELLANEOUS INCOME 0.00
---------
TOTAL INCOME 0.00
---------
SALARIES & WAGES 0.00
REPAIRS 0.00
BAD DEBTS 0.00
RENTS 0.00
TAXES 0.00
INTEREST 72148.00
CONTRIBUTIONS 0.00
DEPRECIATION 0.00
ADVERTISING 0.00
PENSION, PROFIT SHARING 0.00
EMPLOYEE BENEFIT PROGRAMS 0.00
AMORTIZATION 0.00
BONDS & LICENSES 25.00
DUES & SUBSCRIPTIONS 0.00
INSURANCE 0.00
PROFESSIONAL FEES 0.00
ADMINISTRATIVE, OFFICE 6.65
AUTO & TRUCK EXPENSE 0.00
TRAVEL 0.00
TELEPHONE 0.00
UTILITIES 0.00
SELLING EXPENSE 0.00
SHOP SUPPLIES EXPENSE 0.00
MISCELLANEOUS 0.00
OUTSIDE SERVICES & COLLECTION 0.00
UTILITY MERCHANDISING,JOBBING 0.00
UTILITY PLANT OPERATING EXPENSE 0.00
COMMITMENT FEE 0.00
---------
TOTAL DEDUCTIONS 72179.65
INCOME TAXES -24500.00
---------
NET INCOME(LOSS) -47679.65
=========
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET OF MIDWEST BOTTLE GAS CO. AND SUBSIDIARIES AS AT
JANUARY 31, 1999 AND RELATED CONSOLIDATED STATEMENT OF INCOME FOR THE YEAR THEN
ENDED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JAN-31-1999
<PERIOD-START> FEB-01-1998
<PERIOD-END> JAN-31-1999
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 44,074,152
<TOTAL-OPERATING-REVENUES> 55,394,473
<NET-INCOME> 375,248
</TABLE>
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