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<PAGE> 1
File No. 69-188
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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 12, 2000 granted by Office of Public Utility
Regulation on February 29, 2000.
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
La 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 Sale of L.P. Gas and Gas
Business: 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
independent dealers in Minnesota,
Wisconsin, Iowa, North Dakota,
South Dakota and Nebraska.
3.
<PAGE> 4
H. Name: Midwest LPG Insurance
Specialists, 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 and Nature of
Business: Owner and Operator of airport
hangar building.
2. A brief description of the properties of Claimants 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 ..................1,650,750 DECA-THERMS (purchase entirely
in the State of Wisconsin; associated revenues: $7,806,145)
(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 5th day of May,
2000.
MIDWEST BOTTLE GAS CO.
CORPORATE SEAL
By: /s/ James A. Senty
-----------------------------
James A. Senty, President
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 Hwy. 157
P.O. Box 429
La Crosse, WI 54602-0429
6.
<PAGE> 7
<TABLE>
<CAPTION>
TOT TGF TOT DAWSON TOT OTH SUB TOTAL MBG GRAND TOTAL
------- ---------- ----------- --------- -----------
ASSETS CONSOLIDATED 1/31/2000
<S> <C> <C> <C> <C> <C>
CASH 147273.39 -37663.98 77185.83 2447612.05 2634407.29
TRADE NOTES AND ACCOUNTS REC 1038462.24 3425491.47 2064480.86 1146601.27 7675035.84
ALLOWANCE FOR BAD DEBTS -91200.00 -89000.00 -59100.00 -120500.00 -359800.00
INVENTORIES 674832.18 985269.93 376977.32 1853382.23 3890461.66
PREPAID EXPENSES 101684.25 30185.86 102699.10 110043.69 344612.90
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 76750.44 76750.44
NOTES RECEIVABLE, INTERCOMPANY 5457816.12 792433.50 3287.73 16890511.33 23144048.68
OTHER INVESTMENTS 0.00 0.00 750.00 126550.14 127300.14
BUILDINGS & OTHER DEPRECIABLE 12041788.09 1288529.74 18769948.99 18217213.75 50317480.57
ACCUMULATED DEPRECIATION -8498825.05 -428590.08 -7509745.77 -9703589.27 -26140750.17
LAND 786700.13 0.00 89982.96 506778.78 1383461.87
INTANGIBLE ASSETS 0.00 0.00 0.00 11107.26 11107.26
CSV LIFE INSURANCE 0.00 0.00 0.00 1005898.53 1005898.53
INVESTMENT IN WHOLLY OWNED SUB 0.00 0.00 0.00 11753212.89 11753212.89
INVESTMENT IN ASSOCIATED CO 0.00 0.00 0.00 76084.03 76084.03
UNAMORTIZED DEFERRED DEBT EXPE 0.00 0.00 16337.68 52434.95 68772.63
LAND HELD FOR INVESTMENT 0.00 0.00 0.00 0.00 0.00
GOODWILL 5050.00 1000.00 250.00 419601.50 425901.50
MISCELLANEOUS DEFERRED DEBITS 169819.13 0.00 0.00 568576.05 738395.18
----------- ---------- ----------- ----------- ------------
TOTAL ASSETS 11833400.48 5967656.44 13933054.70 45438269.62 77172381.24
=========== ========== =========== =========== ============
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 274529.44 2587542.82 1108857.08 1793196.90 5764126.24
ACCRUED PAYROLL 140181.60 33222.47 85976.37 186556.03 445936.47
TAXES OTHER THAN INCOME 75293.73 2316.81 46385.08 107795.05 231790.67
INTEREST PAYABLE 1260.43 0.00 92866.69 197505.73 291632.85
INCOME TAXES PAYABLE -1653.32 6359.33 41140.70 138103.41 183950.12
CUSTOMER DEPOSITS 175439.70 0.00 63803.26 63517.34 302760.30
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 593.81 8382.88 421870.34 325575.38 756422.41
NOTES PAYABLE INTERCOMPANY 2883147.63 1823551.10 1303045.61 11905057.97 17914802.31
NOTES PAYABLE 171483.82 703614.09 3253584.54 12634406.84 16763089.29
DEFERRED INCOME TAXES 1371400.00 219100.00 1185200.00 1015900.00 3791600.00
OTHER DEFERRED CREDITS 0.00 0.00 10074.13 0.00 10074.13
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 6542257.58 573566.94 3949169.90 16892354.97 27957349.39
TREASURY STOCK 0.00 0.00 0.00 -3900.00 -3900.00
----------- ---------- ----------- ----------- ------------
TOTAL LIABILITIES & EQUITY 11833400.48 5967656.44 13933054.70 45438269.62 77172381.24
=========== ========== =========== =========== ============
</TABLE>
<PAGE> 8
<TABLE>
<CAPTION>
TOT TGF TOT DAWSON TOT OTH SUB TOTAL MBG GRAND TOTAL
------- ---------- ----------- --------- -----------
INCOME CONSOLIDATED 1/31/2000
<S> <C> <C> <C> <C> <C>
GROSS SALES LESS RETURNS 7044677.71 17279082.62 10730603.33 14065751.91 49120115.57
COST OF GOODS SOLD 3197592.58 16493774.09 6985018.00 7342413.95 34018798.62
----------- ------------ ----------- ----------- -----------
GROSS PROFIT 3847085.13 785308.53 3745585.33 6723337.96 15101316.95
DIVIDEND INCOME 0.00 0.00 0.00 45.02 45.02
INTEREST INCOME 166102.09 130872.26 13560.31 1027188.12 1337722.78
GROSS RENTS 443333.02 0.00 47681.28 187260.33 678274.63
GAIN(LOSS)SALE OF FIXED ASSETS 110.08 0.00 66057.06 1125.02 67292.16
SERVICE CALLS & CONTRACTED SER 210274.73 0.00 156712.41 268597.60 635584.74
ADMINISTRATIVE FEE -151896.90 -24000.00 -60555.13 236410.16 -41.87
CYLINDER & LEASE INCOME 142713.17 2556.00 957.45 33575.43 179802.05
MISCELLANEOUS INCOME 16943.89 100.05 2417.04 175628.66 195089.64
----------- ------------ ----------- ----------- -----------
TOTAL INCOME 4674665.21 894836.84 3972415.75 8653168.30 18195086.10
----------- ------------ ----------- ----------- -----------
SALARIES & WAGES 1677109.64 133678.32 875131.90 2695562.19 5381482.05
REPAIRS 157595.36 0.00 166098.24 415943.92 739637.52
BAD DEBTS 72963.71 18000.00 40217.86 44375.92 175557.49
RENTS 16948.71 28697.03 65167.05 142952.00 253764.79
TAXES 212147.29 7894.89 159740.89 301481.01 681264.08
INTEREST 195247.42 257489.53 414625.47 1668432.02 2535794.44
CONTRIBUTIONS 11386.86 0.00 1425.68 5933.45 18745.99
DEPRECIATION 621604.97 113912.36 703158.17 1146641.28 2585316.78
ADVERTISING 51799.71 664.22 20348.76 352638.13 425450.82
PENSION, PROFIT SHARING 6282.80 861.32 3364.13 22003.07 32511.32
EMPLOYEE BENEFIT PROGRAMS 220405.61 3084.42 74175.43 227751.76 525417.22
AMORTIZATION 0.00 0.00 2420.40 210900.33 213320.73
BONDS & LICENSES 10040.13 160.00 744.30 9821.78 20766.21
DUES & SUBSCRIPTIONS 6876.64 3047.95 1843.06 14161.71 25929.36
INSURANCE 130897.00 15271.00 42442.99 139924.25 328535.24
PROFESSIONAL FEES 13961.00 15967.02 68760.44 128380.21 227068.67
ADMINISTRATIVE, OFFICE 115777.01 38679.50 65965.15 236668.78 457090.44
AUTO & TRUCK EXPENSE 514315.77 0.00 121390.22 578057.08 1213763.07
TRAVEL 99768.85 -139923.97 4621.62 201530.47 165996.97
TELEPHONE 64660.09 10433.44 13054.29 64306.01 152453.83
UTILITIES 63615.05 0.00 14999.58 59744.41 138359.04
SELLING EXPENSE 791.75 0.00 13869.40 20217.79 34878.94
SHOP SUPPLIES EXPENSE 17512.89 0.00 11833.58 32303.78 61650.25
MISCELLANEOUS 14669.25 2250.40 41909.44 24623.36 83452.45
OUTSIDE SERVICES & COLLECTION 72241.85 6000.00 107566.47 -85374.07 100434.25
UTILITY MERCHANDISING, JOBBING 0.00 0.00 0.00 0.00 0.00
UTILITY PLANT OPERATING EXPENS 0.00 0.00 35987.25 0.00 35987.25
COMMITMENT FEE 0.00 0.00 0.00 0.00 0.00
----------- ------------ ----------- ----------- -----------
TOTAL DEDUCTIONS 4368619.36 516167.43 3070861.77 8658980.64 16614629.20
INCOME TAXES 115000.00 181800.00 341900.22 6300.00 645000.22
----------- ------------ ----------- ----------- -----------
NET INCOME(LOSS) 191045.85 196869.41 559653.76 -12112.34 935456.68
=========== ============ =========== =========== ===========
</TABLE>
<PAGE> 9
<TABLE>
<CAPTION>
LA CROSSE MONDOVI RICHLAND CTR C & H CHETEK PRAIRIE
--------- ------- ------------ ----- ------ -------
ASSETS MIDWEST BOTTLE GAS CO 1/31/2000
<S> <C> <C> <C> <C> <C> <C>
CASH 2370414.89 -525.02 7575.38 1629.29 10176.38 9164.98
TRADE NOTES AND ACCOUNTS REC 183034.87 64391.50 55252.14 94859.72 64844.09 19986.12
ALLOWANCE FOR BAD DEBTS -20000.00 -3000.00 -4500.00 -11000.00 -2500.00 -2500.00
INVENTORIES 1343743.74 59252.13 51771.28 29968.25 20153.65 27388.46
PREPAID EXPENSES 35193.00 4376.00 5122.00 4350.00 5646.00 2404.00
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 76750.44 0.00 0.00 0.00 0.00 0.00
NOTES RECEIVABLE, INTERCOMPANY 16889866.33 0.00 0.00 0.00 0.00 0.00
OTHER INVESTMENTS 125239.59 734.87 0.00 0.00 0.00 0.00
BUILDINGS & OTHER DEPRECIABLE 5286012.64 681245.49 628852.08 1073528.21 967643.60 376389.07
ACCUMULATED DEPRECIATION -3118219.37 -483454.93 -498112.59 -764034.25 -536077.26 -252803.56
LAND 348806.46 5296.82 1221.00 13022.00 12000.00 9000.00
INTANGIBLE ASSETS 0.00 0.00 0.00 1000.00 1000.00 0.00
CSV LIFE INSURANCE 1005898.53 0.00 0.00 0.00 0.00 0.00
INVESTMENT IN WHOLLY OWNED SUB 11753212.89 0.00 0.00 0.00 0.00 0.00
INVESTMENT IN ASSOCIATED CO 76084.03 0.00 0.00 0.00 0.00 0.00
UNAMORTIZED DEFERRED DEBT EXPE 52434.95 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 405944.50 0.00 0.00 0.00 5611.00 2046.00
MISCELLANEOUS DEFERRED DEBITS 0.00 0.00 0.00 0.00 0.00 0.00
----------- --------- ---------- ---------- ---------- ----------
TOTAL ASSETS 36814417.49 328316.86 247181.29 443323.22 548497.46 191075.07
=========== ========= ========== ========== ========== ==========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 1451445.52 22748.13 47022.36 7429.18 31532.07 3746.36
ACCRUED PAYROLL 107722.71 5158.58 8033.56 2454.71 5193.67 3227.75
TAXES OTHER THAN INCOME 56498.08 3072.52 3208.91 4507.70 3632.75 2489.17
INTEREST PAYABLE 185104.09 0.00 0.00 0.00 0.00 0.00
INCOME TAXES PAYABLE 138103.41 0.00 0.00 0.00 0.00 0.00
CUSTOMER DEPOSITS 35745.78 3900.00 0.00 0.00 0.00 100.00
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 324852.40 0.00 0.00 550.00 0.00 0.00
NOTES PAYABLE INTERCOMPANY 6189006.64 17985.55 20310.00 247958.73 188223.56 301721.99
NOTES PAYABLE 10043451.64 0.00 0.00 0.00 0.00 0.00
DEFERRED INCOME TAXES 161000.00 95200.00 96100.00 45600.00 125500.00 36900.00
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 179700.00 0.00 0.00 0.00 0.00 0.00
PAID IN OR CAPITAL SURPLUS 2500.00 0.00 0.00 0.00 0.00 0.00
RETAINED EARNINGS 17943187.22 180252.08 72506.46 134822.90 194415.41 -157110.20
TREASURY STOCK -3900.00 0.00 0.00 0.00 0.00 0.00
----------- --------- ---------- ---------- ---------- ----------
TOTAL LIABILITIES & EQUITY 36814417.49 328316.86 247181.29 443323.22 548497.46 191075.07
=========== ========= ========== ========== ========== ==========
</TABLE>
<TABLE>
<CAPTION>
TRUCK TRANS TANK CAR WILL`S REEDSGAS
----------- -------- ------ --------
ASSETS MIDWEST BOTTLE GAS CO 1/31/2000
<S> <C> <C> <C> <C>
CASH -5379.87 -85.76 13485.61 15299.37
TRADE NOTES AND ACCOUNTS REC 0.00 46736.74 69500.15 122198.80
ALLOWANCE FOR BAD DEBTS 0.00 0.00 -8000.00 -10000.00
INVENTORIES 0.00 0.00 107135.98 67805.15
PREPAID EXPENSES 3245.00 0.00 9700.00 14671.69
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 0.00
NOTES RECEIVABLE, INTERCOMPANY 0.00 0.00 0.00 0.00
OTHER INVESTMENTS 575.68 0.00 0.00 0.00
BUILDINGS & OTHER DEPRECIABLE 416626.18 344646.00 1606803.54 2043348.83
ACCUMULATED DEPRECIATION -286638.15 -344646.00 -948034.89 -847302.16
LAND 0.00 0.00 7000.00 14000.00
INTANGIBLE ASSETS 0.00 0.00 0.00 0.00
CSV LIFE INSURANCE 0.00 0.00 0.00 0.00
INVESTMENT IN WHOLLY OWNED SUB 0.00 0.00 0.00 0.00
INVESTMENT IN ASSOCIATED CO 0.00 0.00 0.00 0.00
UNAMORTIZED DEFERRED DEBT EXPE 0.00 0.00 0.00 0.00
LAND HELD FOR INVESTMENT 0.00 0.00 0.00 0.00
GOODWILL 0.00 0.00 1000.00 5000.00
MISCELLANEOUS DEFERRED DEBITS 0.00 0.00 0.00 56585.31
---------- ---------- ---------- ----------
TOTAL ASSETS 128428.84 46650.98 858590.39 1481606.99
========== ========== ========== ==========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 12040.47 9576.42 17231.17 65318.72
ACCRUED PAYROLL 4605.45 0.00 12064.01 8618.33
TAXES OTHER THAN INCOME 0.00 0.00 5727.01 7820.93
INTEREST PAYABLE 0.00 0.00 0.00 0.00
INCOME TAXES PAYABLE 0.00 0.00 0.00 0.00
CUSTOMER DEPOSITS 0.00 0.00 0.00 23771.56
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 0.00 0.00 72.98 -200.00
NOTES PAYABLE INTERCOMPANY 23100.00 87714.18 691445.48 1130297.14
NOTES PAYABLE 0.00 0.00 0.00 949999.79
DEFERRED INCOME TAXES 109600.00 14000.00 200800.00 2600.00
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 0.00
PAID IN OR CAPITAL SURPLUS 0.00 0.00 0.00 0.00
RETAINED EARNINGS -20917.08 -64639.62 -68750.26 -706619.48
TREASURY STOCK 0.00 0.00 0.00 0.00
---------- ---------- ---------- ----------
TOTAL LIABILITIES & EQUITY 128428.84 46650.98 858590.39 1481606.99
========== ========== ========== ==========
</TABLE>
<TABLE>
<CAPTION>
EAU CLAIRE SHELL LAKE MINOCQUA TOTAL MBG
---------- ---------- -------- ---------
ASSETS MIDWEST BOTTLE GAS CO 1/31/2000
<S> <C> <C> <C> <C>
CASH -2901.02 18299.32 10458.50 2447612.05
TRADE NOTES AND ACCOUNTS REC 108709.11 111182.91 205905.12 1146601.27
ALLOWANCE FOR BAD DEBTS -10000.00 -14000.00 -35000.00 -120500.00
INVENTORIES 31404.47 30226.69 84532.43 1853382.23
PREPAID EXPENSES 5029.00 5757.00 14550.00 110043.69
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 76750.44
NOTES RECEIVABLE, INTERCOMPANY 645.00 0.00 0.00 16890511.33
OTHER INVESTMENTS 0.00 0.00 0.00 126550.14
BUILDINGS & OTHER DEPRECIABLE 942900.32 1123035.55 2726182.24 18217213.75
ACCUMULATED DEPRECIATION -356775.90 -425787.66 -841702.55 -9703589.27
LAND 46432.50 5000.00 45000.00 506778.78
INTANGIBLE ASSETS 1000.00 1000.00 7107.26 11107.26
CSV LIFE INSURANCE 0.00 0.00 0.00 1005898.53
INVESTMENT IN WHOLLY OWNED SUB 0.00 0.00 0.00 11753212.89
INVESTMENT IN ASSOCIATED CO 0.00 0.00 0.00 76084.03
UNAMORTIZED DEFERRED DEBT EXPE 0.00 0.00 0.00 52434.95
LAND HELD FOR INVESTMENT 0.00 0.00 0.00 0.00
GOODWILL 0.00 0.00 0.00 419601.50
MISCELLANEOUS DEFERRED DEBITS 0.00 0.00 511990.74 568576.05
---------- ----------- ---------- ------------
TOTAL ASSETS 766443.48 854713.81 2729023.74 45438269.62
========== =========== ========== ============
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 29320.55 44342.23 51443.72 1793196.90
ACCRUED PAYROLL 5792.54 9811.13 13873.59 186556.03
TAXES OTHER THAN INCOME 4703.93 3050.73 13083.32 107795.05
INTEREST PAYABLE 0.00 0.00 12401.64 197505.73
INCOME TAXES PAYABLE 0.00 0.00 0.00 138103.41
CUSTOMER DEPOSITS 0.00 0.00 0.00 63517.34
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 300.00 0.00 0.00 325575.38
NOTES PAYABLE INTERCOMPANY 1095684.52 793644.55 1117965.63 11905057.97
NOTES PAYABLE 0.00 0.00 1640955.41 12634406.84
DEFERRED INCOME TAXES -29300.00 63200.00 94700.00 1015900.00
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 -340058.06 -59334.83 -215399.57 16892354.97
TREASURY STOCK 0.00 0.00 0.00 -3900.00
---------- ----------- ---------- ------------
TOTAL LIABILITIES & EQUITY 766443.48 854713.81 2729023.74 45438269.62
========== =========== ========== ============
</TABLE>
<PAGE> 10
<TABLE>
<CAPTION>
LA CROSSE MONDOVI RICHLAND CTR C & H
--------- ------- ------------ -----
INCOME MIDWEST BOTTLE GAS CO. 1/31/2000
<S> <C> <C> <C> <C>
GROSS SALES LESS RETURNS 5821663.58 678854.31 726038.81 568883.94
COST OF GOODS SOLD 3399096.52 362549.92 394986.45 309173.42
---------- --------- ----------- -----------
GROSS PROFIT 2422567.06 316304.39 331052.36 259710.52
DIVIDEND INCOME 0.00 0.00 0.00 0.00
INTEREST INCOME 978069.78 1950.05 3743.82 4570.86
GROSS RENTS 179315.33 2555.00 540.00 200.00
GAIN(LOSS)SALE OF FIXED ASSETS 302.93 0.00 -785.00 0.00
SERVICE CALLS & CONTRACTED SER 146688.35 7670.44 14339.38 6268.25
ADMINISTRATIVE FEE 412188.86 -17287.52 -17639.26 -13770.29
CYLINDER & LEASE INCOME 689.95 500.00 37.00 89.00
MISCELLANEOUS INCOME 173236.21 -3504.48 124.15 130.00
---------- --------- ----------- -----------
TOTAL INCOME 4313058.47 308187.88 331412.45 257198.34
---------- --------- ----------- -----------
SALARIES & WAGES 1390957.63 91244.30 120587.01 94288.75
REPAIRS 228187.39 17930.21 5246.11 12032.17
BAD DEBTS 9020.38 1120.41 3464.22 7591.77
RENTS 131932.00 0.00 2220.00 0.00
TAXES 173763.73 9284.22 11545.91 10597.66
INTEREST 1004862.58 208.90 367.77 17417.53
CONTRIBUTIONS 3522.02 346.39 216.26 83.34
DEPRECIATION 204959.84 42597.07 34660.08 56719.80
ADVERTISING 223349.60 6272.88 8570.34 10571.15
PENSION, PROFIT SHARING 15200.14 426.69 1373.06 -45.00
EMPLOYEE BENEFIT PROGRAMS 56906.97 11999.83 12835.22 14069.08
AMORTIZATION 48268.29 0.00 0.00 0.00
BONDS & LICENSES 1100.00 0.00 180.00 0.00
DUES & SUBSCRIPTIONS 9302.81 419.34 519.34 412.84
INSURANCE 46390.25 6120.00 6849.00 5958.00
PROFESSIONAL FEES 118121.96 700.00 700.00 700.00
ADMINISTRATIVE, OFFICE 140202.52 8867.34 5337.59 8337.00
AUTO & TRUCK EXPENSE 211501.82 24946.38 14728.50 24844.13
TRAVEL 198487.85 561.77 0.00 0.00
TELEPHONE 26560.09 4063.26 3060.27 2360.61
UTILITIES 32877.99 3825.46 1460.09 1734.80
SELLING EXPENSE 7204.45 1965.00 1200.00 1438.24
SHOP SUPPLIES EXPENSE 13672.19 1865.32 535.46 2008.18
MISCELLANEOUS 10107.27 445.01 2700.62 453.04
OUTSIDE SERVICES & COLLECTION -151651.64 6605.81 6512.15 4153.01
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 4154808.13 241815.59 244869.00 275726.10
INCOME TAXES 64300.00 22400.00 29200.00 -6200.00
---------- --------- ----------- -----------
NET INCOME(LOSS) 93950.34 43972.29 57343.45 -12327.76
========== ========= =========== ===========
</TABLE>
<TABLE>
<CAPTION>
CHETEK PRAIRIE TRUCK TRANS TANK CAR WILL`S
------ ------- ----------- -------- ------
INCOME MIDWEST BOTTLE GAS CO. 1/31/2000
<S> <C> <C> <C> <C> <C>
GROSS SALES LESS RETURNS 609502.03 243979.97 0.00 45448.80 1090080.16
COST OF GOODS SOLD 334658.43 117680.82 -446063.12 0.00 570102.04
---------- ---------- ---------- ---------- -----------
GROSS PROFIT 274843.60 126299.15 446063.12 45448.80 519978.12
DIVIDEND INCOME 0.00 0.00 0.00 0.00 0.00
INTEREST INCOME 1905.94 975.98 275.85 0.00 3516.50
GROSS RENTS 1630.00 280.00 0.00 0.00 1000.00
GAIN(LOSS)SALE OF FIXED ASSETS -527.02 100.00 0.00 0.00 0.00
SERVICE CALLS & CONTRACTED SER 7292.76 5625.48 0.00 0.00 15291.73
ADMINISTRATIVE FEE -15861.19 -5307.13 -11400.00 0.00 -24991.32
CYLINDER & LEASE INCOME 3720.95 2426.50 0.00 0.00 465.64
MISCELLANEOUS INCOME 606.11 377.10 0.00 0.00 2205.80
---------- ---------- ---------- ---------- -----------
TOTAL INCOME 273611.15 130777.08 434938.97 45448.80 517466.47
---------- ---------- ---------- ---------- -----------
SALARIES & WAGES 90328.43 61151.67 98414.66 0.00 150181.74
REPAIRS 5224.10 3821.66 58241.76 11887.72 15461.26
BAD DEBTS 2414.28 3.04 0.00 0.00 -995.86
RENTS 0.00 1600.00 0.00 0.00 0.00
TAXES 9737.08 6984.32 0.00 482.26 14829.95
INTEREST 15402.14 22738.91 117.50 7488.20 53868.31
CONTRIBUTIONS 373.34 233.34 0.00 0.00 380.60
DEPRECIATION 70667.70 25393.27 40967.57 0.00 105736.68
ADVERTISING 5654.20 7278.44 0.00 0.00 22740.50
PENSION, PROFIT SHARING 351.36 200.00 0.00 0.00 917.77
EMPLOYEE BENEFIT PROGRAMS 10625.94 2562.04 41782.30 0.00 16482.56
AMORTIZATION 0.00 0.00 0.00 0.00 0.00
BONDS & LICENSES 375.00 150.00 6144.78 0.00 372.00
DUES & SUBSCRIPTIONS 439.34 569.34 0.00 365.00 501.34
INSURANCE 8294.00 3333.00 3109.00 0.00 12447.00
PROFESSIONAL FEES 700.00 700.00 275.00 275.00 1270.50
ADMINISTRATIVE, OFFICE 5946.78 3985.50 62.70 130.69 12738.63
AUTO & TRUCK EXPENSE 14945.66 9444.28 58310.00 0.00 43639.50
TRAVEL 0.00 0.00 2196.33 0.00 66.74
TELEPHONE 1877.64 1788.37 1559.29 0.00 2776.40
UTILITIES 1604.59 1597.02 57.37 0.00 4764.98
SELLING EXPENSE 410.00 380.00 0.00 0.00 1120.73
SHOP SUPPLIES EXPENSE 2680.15 786.82 0.00 0.00 2956.79
MISCELLANEOUS 531.65 260.87 152.67 5894.83 582.00
OUTSIDE SERVICES & COLLECTION 6074.11 6000.00 3600.00 0.00 7368.89
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 254657.49 160961.89 314990.93 26523.70 470209.01
INCOME TAXES 6000.00 -10600.00 40300.00 6500.00 14100.00
---------- ---------- ---------- ---------- -----------
NET INCOME(LOSS) 12953.66 -19584.81 79648.04 12425.10 33157.46
========== ========== ========== ========== ===========
</TABLE>
<TABLE>
<CAPTION>
REEDSGAS EAU CLAIRE SHELL LAKE MINOCQUA TOTAL MBG
-------- ---------- ---------- -------- ---------
INCOME MIDWEST BOTTLE GAS CO. 1/31/2000
<S> <C> <C> <C> <C> <C>
GROSS SALES LESS RETURNS 1203704.80 634582.53 706675.48 1736337.50 14065751.91
COST OF GOODS SOLD 641760.65 335834.70 398458.19 924175.93 7342413.95
----------- ---------- ---------- ---------- -----------
GROSS PROFIT 561944.15 298747.83 308217.29 812161.57 6723337.96
DIVIDEND INCOME 45.02 0.00 0.00 0.00 45.02
INTEREST INCOME 7450.43 3561.00 7488.30 13679.61 1027188.12
GROSS RENTS 370.00 1370.00 0.00 0.00 187260.33
GAIN(LOSS)SALE OF FIXED ASSETS 179.49 -1167.36 -527.02 3549.00 1125.02
SERVICE CALLS & CONTRACTED SER 16735.64 5998.05 8557.55 34129.97 268597.60
ADMINISTRATIVE FEE -30538.45 -16642.06 -19487.39 -2854.09 236410.16
CYLINDER & LEASE INCOME 278.00 977.00 91.00 24300.39 33575.43
MISCELLANEOUS INCOME 250.18 956.94 247.02 999.63 175628.66
----------- ---------- ---------- ---------- -----------
TOTAL INCOME 556714.46 293801.40 304586.75 885966.08 8653168.30
----------- ---------- ---------- ---------- -----------
SALARIES & WAGES 161180.61 103469.57 90362.14 243395.68 2695562.19
REPAIRS 21125.10 12901.05 10191.27 13694.12 415943.92
BAD DEBTS -240.61 4478.41 3268.29 14251.59 44375.92
RENTS 0.00 0.00 0.00 7200.00 142952.00
TAXES 16074.14 14213.09 7830.64 26138.01 301481.01
INTEREST 173137.83 79246.90 58088.88 235486.57 1668432.02
CONTRIBUTIONS 118.34 283.34 169.14 207.34 5933.45
DEPRECIATION 156860.17 93283.11 91216.77 223579.22 1146641.28
ADVERTISING 8582.78 9907.79 4804.81 44905.64 352638.13
PENSION, PROFIT SHARING 82.50 630.75 678.29 2187.51 22003.07
EMPLOYEE BENEFIT PROGRAMS 26108.75 7665.35 4666.37 22047.35 227751.76
AMORTIZATION 75447.24 0.00 0.00 87184.80 210900.33
BONDS & LICENSES 750.00 0.00 375.00 375.00 9821.78
DUES & SUBSCRIPTIONS 419.34 419.34 419.34 374.34 14161.71
INSURANCE 12369.00 7207.00 8112.00 19736.00 139924.25
PROFESSIONAL FEES 700.00 700.00 700.00 2837.75 128380.21
ADMINISTRATIVE, OFFICE 15997.46 4287.48 8599.35 22175.74 236668.78
AUTO & TRUCK EXPENSE 61644.93 30775.12 36472.11 46804.65 578057.08
TRAVEL 164.80 52.98 0.00 0.00 201530.47
TELEPHONE 2974.92 6393.30 2763.00 8128.86 64306.01
UTILITIES 3836.89 2484.58 1356.67 4143.97 59744.41
SELLING EXPENSE 1490.00 1523.07 1736.30 1750.00 20217.79
SHOP SUPPLIES EXPENSE 1580.84 1814.77 848.06 3555.20 32303.78
MISCELLANEOUS 571.68 621.59 361.91 1940.22 24623.36
OUTSIDE SERVICES & COLLECTION 7411.15 6348.95 6203.50 6000.00 -85374.07
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 748387.86 388707.54 339223.84 1038099.56 8658980.64
INCOME TAXES -68500.00 -31600.00 -10500.00 -49100.00 6300.00
----------- ---------- ---------- ---------- -----------
NET INCOME(LOSS) -123173.40 -63306.14 -24137.09 -103033.48 -12112.34
=========== ========== ========== ========== ===========
</TABLE>
<PAGE> 11
<TABLE>
<CAPTION>
TGF-HDQE KAY DAWSON COMMERCIAL EARLY MORING
-------- ---------- ---------- ----- ------
ASSETS TRU- GAS OF FLORIDA, INC. 1/31/2000
<S> <C> <C> <C> <C> <C>
CASH -810.00 -15843.63 11408.70 -8889.74 124563.15
TRADE NOTES AND ACCOUNTS REC 0.00 77364.38 64593.93 86753.41 621127.47
ALLOWANCE FOR BAD DEBTS 0.00 -9000.00 -3000.00 -4700.00 -60000.00
INVENTORIES -154518.03 76446.84 103767.77 43528.22 394605.71
PREPAID EXPENSES 538.00 13234.00 8926.25 5094.00 42948.00
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 5427758.66 0.00 18380.87 0.00 8280.50
OTHER INVESTMENTS 0.00 0.00 0.00 0.00 0.00
BUILDINGS & OTHER DEPRECIABLE 68660.38 1212101.89 1037372.62 621380.68 5533866.56
ACCUMULATED DEPRECIATION -40788.99 -681033.51 -923637.51 -524514.88 -3679775.40
LAND 0.00 18000.00 35445.66 4000.00 75619.92
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 2000.00 0.00 1000.00 1000.00
MISCELLANEOUS DEFERRED DEBITS 0.00 169819.13 0.00 0.00 0.00
---------- ----------- ----------- ----------- -----------
TOTAL ASSETS 5300840.02 863089.10 353258.29 223651.69 3062235.91
========== =========== =========== =========== ===========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 0.00 38165.93 51586.91 10717.53 122436.53
ACCRUED PAYROLL 22792.80 16404.53 14671.37 6058.56 49084.60
TAXES OTHER THAN INCOME 860.68 5870.27 6533.33 7683.44 33875.70
INTEREST PAYABLE 0.00 0.00 0.00 0.00 0.00
INCOME TAXES PAYABLE -1653.32 0.00 0.00 0.00 0.00
CUSTOMER DEPOSITS 0.00 0.00 64850.00 0.00 0.00
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 0.00 0.00 0.00 0.00 630.66
NOTES PAYABLE INTERCOMPANY 0.00 1643698.94 24750.98 45820.55 430530.31
NOTES PAYABLE 0.00 0.00 0.00 0.00 0.00
DEFERRED INCOME TAXES -111000.00 29800.00 142500.00 48700.00 635000.00
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 0.00 500.00 0.00 0.00
PAID IN OR CAPITAL SURPLUS 0.00 0.00 188466.06 0.00 0.00
RETAINED EARNINGS 5389839.86 -870850.57 -140600.36 104671.61 1790678.11
TREASURY STOCK 0.00 0.00 0.00 0.00 0.00
---------- ----------- ----------- ----------- -----------
TOTAL LIABILITIES & EQUITY 5300840.02 863089.10 353258.29 223651.69 3062235.91
========== =========== =========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
THRIFTY TROUP ECONOMY MARION CTY ARROWOOD TOTAL TGF
------- ----- ------- ---------- -------- ---------
ASSETS TRU- GAS OF FLORIDA, INC. 1/31/2000
<S> <C> <C> <C> <C> <C> <C>
CASH 25135.91 12313.99 2171.14 -1317.72 -1458.41 147273.39
TRADE NOTES AND ACCOUNTS REC 56233.56 60357.26 33224.26 45942.81 -7134.84 1038462.24
ALLOWANCE FOR BAD DEBTS -5500.00 -2500.00 -3000.00 -3500.00 0.00 -91200.00
INVENTORIES 74229.36 60662.59 47742.60 28367.12 0.00 674832.18
PREPAID EXPENSES 7019.00 8674.00 5362.00 2070.00 7819.00 101684.25
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 550.98 0.00 1419.38 1425.73 0.00 5457816.12
OTHER INVESTMENTS 0.00 0.00 0.00 0.00 0.00 0.00
BUILDINGS & OTHER DEPRECIABLE 1087325.36 829218.31 602733.42 521680.76 527448.11 12041788.09
ACCUMULATED DEPRECIATION -747559.10 -716680.59 -391105.57 -371960.97 -421768.53 -8498825.05
LAND 98708.06 9000.00 90769.15 15450.00 439707.34 786700.13
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 1050.00 0.00 0.00 0.00 0.00 5050.00
MISCELLANEOUS DEFERRED DEBITS 0.00 0.00 0.00 0.00 0.00 169819.13
---------- ----------- ----------- ------------ ---------- -----------
TOTAL ASSETS 597193.13 261045.56 389316.38 238157.73 544612.67 11833400.48
========== =========== =========== ============ ========== ===========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 1588.17 13244.78 24263.06 10636.69 1889.84 274529.44
ACCRUED PAYROLL 9697.14 11883.73 2655.46 3653.42 3279.99 140181.60
TAXES OTHER THAN INCOME 4144.65 8045.86 2113.45 1991.11 4175.24 75293.73
INTEREST PAYABLE 0.00 0.00 0.00 0.00 1260.43 1260.43
INCOME TAXES PAYABLE 0.00 0.00 0.00 0.00 0.00 -1653.32
CUSTOMER DEPOSITS 52444.70 50730.00 0.00 7415.00 0.00 175439.70
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES -100.50 63.65 0.00 0.00 0.00 593.81
NOTES PAYABLE INTERCOMPANY 151914.68 66982.50 429838.23 30589.03 59022.41 2883147.63
NOTES PAYABLE 0.00 0.00 0.00 0.00 171483.82 171483.82
DEFERRED INCOME TAXES 145800.00 125000.00 118400.00 107000.00 130200.00 1371400.00
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 500.00 2500.00 0.00 0.00 0.00 3500.00
PAID IN OR CAPITAL SURPLUS 0.00 7500.00 0.00 0.00 0.00 195966.06
RETAINED EARNINGS 231204.29 -24904.96 -187953.82 76872.48 173300.94 6542257.58
TREASURY STOCK 0.00 0.00 0.00 0.00 0.00 0.00
---------- ----------- ----------- ------------ ---------- -----------
TOTAL LIABILITIES & EQUITY 597193.13 261045.56 389316.38 238157.73 544612.67 1833400.48
========== =========== =========== ============ ========== ===========
</TABLE>
<PAGE> 12
<TABLE>
<CAPTION>
TGF-HDQ KAY DAWSON COMMERCIAL EARLY MORING THRIFTY
------- ---------- ---------- ----- ------ -------
TRU- GAS OF FLORIDA, INC. 1/31/2000
INCOME
<S> <C> <C> <C> <C> <C> <C>
GROSS SALES LESS RETURNS 0.00 684207.67 603175.05 555011.42 3583207.64 441988.15
COST OF GOODS SOLD 146520.94 299107.29 244023.61 283155.31 1693589.63 127687.27
---------- --------- --------- --------- ----------
GROSS PROFIT -146520.94 385100.38 359151.44 271856.11 1889618.01 314300.88
DIVIDEND INCOME 0.00 0.00 0.00 0.00 0.00 0.00
INTEREST INCOME 114278.47 4589.55 1558.62 1996.61 36494.58 2090.37
GROSS RENTS 10366.46 0.00 4471.70 0.00 14000.00 0.00
GAIN(LOSS)SALE OF FIXED ASSETS 0.00 0.00 0.00 0.00 150.00 0.00
SERVICE CALLS & CONTRACTED SER 0.00 21536.83 33619.42 13365.00 74680.09 23478.41
ADMINISTRATIVE FEE 0.00 -11639.52 -10935.46 -13591.63 -68846.28 -5452.70
CYLINDER & LEASE INCOME 0.00 18201.08 21943.44 15350.48 48.00 24382.00
MISCELLANEOUS INCOME 0.00 1314.44 2149.33 3897.15 2853.52 3461.32
--------- ---------- --------- --------- ---------- ---------
TOTAL INCOME -21876.01 419102.76 411958.49 292873.72 1948997.92 362260.28
--------- ---------- --------- --------- ---------- ---------
SALARIES & WAGES 109155.66 217655.75 149642.40 97893.61 664284.43 118823.11
REPAIRS 294.93 17772.81 15063.02 6011.25 76226.10 9145.99
BAD DEBTS 0.00 13790.50 1078.08 2822.07 50066.77 1235.21
RENTS 0.00 9703.71 3645.00 0.00 0.00 0.00
TAXES 6844.37 18824.50 18066.11 8539.01 69338.48 15572.48
INTEREST 0.00 116885.68 370.14 3401.34 24093.51 1091.77
CONTRIBUTIONS 0.00 108.34 83.34 83.34 10690.14 83.34
DEPRECIATION 6048.98 88930.62 31241.68 24209.57 318942.13 51472.08
ADVERTISING 0.00 4672.50 3487.80 1477.02 17469.90 4204.20
PENSION, PROFIT SHARING 516.00 881.61 895.35 634.23 1370.64 725.79
EMPLOYEE BENEFIT PROGRAMS 10655.71 32682.38 16795.25 15402.37 92464.67 14329.30
AMORTIZATION 0.00 0.00 0.00 0.00 0.00 0.00
BONDS & LICENSES 165.00 1327.50 1053.00 125.00 2578.50 472.00
DUES & SUBSCRIPTIONS 0.00 548.19 548.19 345.74 2237.76 578.19
INSURANCE 0.00 15875.00 11243.00 8781.00 58894.00 9045.00
PROFESSIONAL FEES 625.00 1084.00 1557.25 1450.00 3657.00 1418.75
ADMINISTRATIVE, OFFICE 12.21 20149.07 13262.00 5824.41 39179.12 12611.01
AUTO & TRUCK EXPENSE 0.00 54430.96 35155.77 33381.35 288666.41 22388.54
TRAVEL 94772.57 25.00 1063.56 150.00 1978.75 713.14
TELEPHONE 0.00 11894.95 3688.52 3312.91 31179.31 3764.92
UTILITIES 0.00 4675.19 2647.05 3739.57 10518.26 3627.82
SELLING EXPENSE 0.00 183.25 0.00 0.00 95.40 25.00
SHOP SUPPLIES EXPENSE 0.00 803.89 1218.76 1519.21 12152.72 823.61
MISCELLANEOUS 12.19 2027.60 2771.86 250.64 2699.52 1680.15
OUTSIDE SERVICES & COLLECTION 6000.00 7200.00 7462.46 7200.00 11291.49 7407.93
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 235102.62 642133.00 322039.59 226553.64 1790075.01 281239.33
INCOME TAXES -98100.00 -85000.00 33600.00 24600.00 60700.00 30900.00
--------- ---------- --------- --------- ---------- ---------
NET INCOME(LOSS) -158878.63 -138030.24 56318.90 41720.08 98222.91 50120.95
========= ========= ========= ========= ========== =========
</TABLE>
<TABLE>
<CAPTION>
TROUP ECONOMY MARION CTY ARROWOOD TOTAL TGF
----- ------- ---------- -------- ---------
INCOME
<S> <C> <C> <C> <C> <C>
GROSS SALES LESS RETURNS 432276.47 316656.16 412405.15 15750.00 7044677.71
COST OF GOODS SOLD 139364.14 110353.98 153790.41 0.00 3197592.58
--------- --------- --------- --------- ----------
GROSS PROFIT 292912.33 206302.18 258614.74 15750.00 3847085.13
DIVIDEND INCOME 0.00 0.00 0.00 0.00 0.00
INTEREST INCOME 1877.31 1639.33 1225.38 351.87 166102.09
GROSS RENTS 0.00 0.00 154.00 414340.86 443333.02
GAIN(LOSS)SALE OF FIXED ASSETS 0.00 0.00 -39.92 0.00 110.08
SERVICE CALLS & CONTRACTED SER 22349.90 9149.13 12095.95 0.00 210274.73
ADMINISTRATIVE FEE -5539.72 -5059.71 -6831.88 -24000.00 -151896.90
CYLINDER & LEASE INCOME 34975.00 11576.91 16236.26 0.00 142713.17
MISCELLANEOUS INCOME 1822.92 552.00 893.21 0.00 16943.89
--------- --------- --------- --------- ----------
TOTAL INCOME 348397.74 224159.84 282347.74 406442.73 4674665.21
--------- --------- --------- --------- ----------
SALARIES & WAGES 129484.00 76359.99 81002.50 32808.19 1677109.64
REPAIRS 16462.74 3321.73 2067.29 11229.50 157595.36
BAD DEBTS 2394.85 1568.25 7.98 0.00 72963.71
RENTS 0.00 0.00 3600.00 0.00 16948.71
TAXES 15987.66 7934.76 6550.43 44489.49 212147.29
INTEREST 1451.55 31714.89 135.56 16102.98 195247.42
CONTRIBUTIONS 83.34 83.34 83.34 88.34 11386.86
DEPRECIATION 17604.36 35814.81 32045.74 15295.00 621604.97
ADVERTISING 3147.50 3739.38 9090.71 4510.70 51799.71
PENSION, PROFIT SHARING 602.99 147.50 212.50 296.19 6282.80
EMPLOYEE BENEFIT PROGRAMS 23063.71 7967.69 6298.81 745.72 220405.61
AMORTIZATION 0.00 0.00 0.00 0.00 0.00
BONDS & LICENSES 1337.50 470.00 553.63 1958.00 10040.13
DUES & SUBSCRIPTIONS 530.19 548.19 548.19 992.00 6876.64
INSURANCE 12817.00 6609.00 2492.00 5141.00 130897.00
PROFESSIONAL FEES 1385.00 967.00 967.00 850.00 13961.00
ADMINISTRATIVE, OFFICE 9470.97 7038.48 6399.35 1830.39 115777.01
AUTO & TRUCK EXPENSE 34266.62 22449.77 22768.31 808.04 514315.77
TRAVEL 1065.83 0.00 0.00 0.00 99768.85
TELEPHONE 5404.25 1603.84 2966.16 845.23 64660.09
UTILITIES 3707.77 1210.19 2089.80 31399.40 63615.05
SELLING EXPENSE 26.50 36.60 25.00 400.00 791.75
SHOP SUPPLIES EXPENSE 497.56 356.00 124.08 17.06 17512.89
MISCELLANEOUS 1820.02 1687.38 1003.90 715.99 14669.25
OUTSIDE SERVICES & COLLECTION 7200.00 7688.49 7191.48 3600.00 72241.85
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 289811.91 219317.28 188223.76 174123.22 4368619.36
INCOME TAXES 22300.00 1700.00 35800.00 88500.00 115000.00
--------- --------- --------- --------- ----------
NET INCOME(LOSS) 36285.83 3142.56 58323.98 143819.51 191045.85
========= ========= ========= ========= ==========
</TABLE>
<PAGE> 13
<TABLE>
<CAPTION>
DAWSON NGL DAWSON HDQ TOTAL DAWSON
---------- ---------- ------------
ASSETS DAWSON OIL CO., LTD 1/31/2000
<S> <C> <C> <C>
CASH 50.00 -37713.98 -37663.98
TRADE NOTES AND ACCOUNTS REC 3425463.75 27.72 3425491.47
ALLOWANCE FOR BAD DEBTS -89000.00 0.00 -89000.00
INVENTORIES 1014546.64 -29276.71 985269.93
PREPAID EXPENSES 18675.86 11510.00 30185.86
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 109052.62 683380.88 792433.50
OTHER INVESTMENTS 0.00 0.00 0.00
BUILDINGS & OTHER DEPRECIABLE 42993.00 1245536.74 1288529.74
ACCUMULATED DEPRECIATION -32611.10 -395978.98 -428590.08
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 4490170.77 1477485.67 5967656.44
========== ========== ==========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 2578165.00 9377.82 2587542.82
ACCRUED PAYROLL 13722.47 19500.00 33222.47
TAXES OTHER THAN INCOME 2316.81 0.00 2316.81
INTEREST PAYABLE 0.00 0.00 0.00
INCOME TAXES PAYABLE 0.00 6359.33 6359.33
CUSTOMER DEPOSITS 0.00 0.00 0.00
DIVIDENDS PAYABLE 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 8382.88 0.00 8382.88
NOTES PAYABLE INTERCOMPANY 1823551.10 0.00 1823551.10
NOTES PAYABLE 0.00 703614.09 703614.09
DEFERRED INCOME TAXES 124500.00 94600.00 219100.00
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 -70467.49 644034.43 573566.94
TREASURY STOCK 0.00 0.00 0.00
---------- ---------- ----------
TOTAL LIABILITIES & EQUITY 4490170.77 1477485.67 5967656.44
========== ========== ==========
</TABLE>
<PAGE> 14
<TABLE>
<CAPTION>
DAWSON NGL DAWSON HDQ TOTAL DAWSON
---------- ---------- ------------
INCOME DAWSON OIL CO., LTD. 1/31/2000
<S> <C> <C> <C>
GROSS SALES LESS RETURNS 17279082.62 0.00 17279082.62
COST OF GOODS SOLD 16468852.85 24921.24 16493774.09
----------- --------- -----------
GROSS PROFIT 810229.77 -24921.24 785308.53
DIVIDEND INCOME 0.00 0.00 0.00
INTEREST INCOME 117849.46 13022.80 130872.26
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 100.05 0.00 100.05
----------- --------- -----------
TOTAL INCOME 906735.28 -11898.44 894836.84
----------- --------- -----------
SALARIES & WAGES 114178.32 19500.00 133678.32
REPAIRS 0.00 0.00 0.00
BAD DEBTS 18000.00 0.00 18000.00
RENTS 13043.87 15653.16 28697.03
TAXES 7894.89 0.00 7894.89
INTEREST 193414.75 64074.78 257489.53
CONTRIBUTIONS 0.00 0.00 0.00
DEPRECIATION 2288.58 111623.78 113912.36
ADVERTISING 664.22 0.00 664.22
PENSION, PROFIT SHARING 861.32 0.00 861.32
EMPLOYEE BENEFIT PROGRAMS 3084.42 0.00 3084.42
AMORTIZATION 0.00 0.00 0.00
BONDS & LICENSES 50.00 110.00 160.00
DUES & SUBSCRIPTIONS 1381.95 1666.00 3047.95
INSURANCE 4371.00 10900.00 15271.00
PROFESSIONAL FEES 15342.02 625.00 15967.02
ADMINISTRATIVE, OFFICE 38493.43 186.07 38679.50
AUTO & TRUCK EXPENSE 0.00 0.00 0.00
TRAVEL 1724.16 -141648.13 -139923.97
TELEPHONE 9967.19 466.25 10433.44
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 2223.04 27.36 2250.40
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 426983.16 89184.27 516167.43
INCOME TAXES 215300.00 -33500.00 181800.00
----------- --------- -----------
NET INCOME(LOSS) 264452.12 -67582.71 196869.41
=========== ========= ===========
</TABLE>
<PAGE> 15
<TABLE>
<CAPTION>
HIAWATHA MBG-MINN OLSON`S TOMAH
-------- -------- ------- -----
ASSETS OTHER SUBSIDIARIES 1/31/2000
<S> <C> <C> <C> <C>
CASH 1826.79 7330.42 9492.48 4934.18
TRADE NOTES AND ACCOUNTS REC 89981.17 49011.99 66154.26 74690.78
ALLOWANCE FOR BAD DEBTS -8000.00 -2600.00 -4500.00 -9000.00
INVENTORIES 12688.35 19664.58 32071.84 15180.25
PREPAID EXPENSES 5463.00 5468.00 7067.00 4031.00
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 0.00
NOTES RECEIVABLE, INTERCOMPANY 0.00 0.00 365.00 0.00
OTHER INVESTMENTS 0.00 0.00 0.00 0.00
BUILDINGS & OTHER DEPRECIABLE 612310.18 612829.19 861754.91 653752.19
ACCUMULATED DEPRECIATION -470636.72 -438425.05 -557456.66 -502592.79
LAND 22297.87 20449.84 11037.00 2000.00
INTANGIBLE ASSETS 0.00 0.00 0.00 0.00
CSV LIFE INSURANCE 0.00 0.00 0.00 0.00
INVESTMENT IN WHOLLY OWNED SUB 0.00 0.00 0.00 0.00
INVESTMENT IN ASSOCIATED CO 0.00 0.00 0.00 0.00
UNAMORTIZED DEFERRED DEBT EXPE 0.00 0.00 0.00 0.00
LAND HELD FOR INVESTMENT 0.00 0.00 0.00 0.00
GOODWILL 0.00 0.00 0.00 250.00
MISCELLANEOUS DEFERRED DEBITS 0.00 0.00 0.00 0.00
---------- ---------- ---------- ----------
TOTAL ASSETS 265930.64 273728.97 425985.83 243245.61
========== ========== ========== ==========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 28064.38 43518.67 16600.44 36582.51
ACCRUED PAYROLL 8303.78 9679.49 8099.68 8852.76
TAXES OTHER THAN INCOME 5859.57 5979.63 5472.49 2431.78
INTEREST PAYABLE 0.00 0.00 0.00 0.00
INCOME TAXES PAYABLE 2905.47 2842.69 9138.77 -525.68
CUSTOMER DEPOSITS 5040.00 7040.00 80.00 16550.00
DIVIDENDS PAYABLE 0.00 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 0.00 0.00 0.00 -859.22
NOTES PAYABLE INTERCOMPANY 29242.22 30611.98 43090.45 36146.43
NOTES PAYABLE 0.00 0.00 0.00 0.00
DEFERRED INCOME TAXES 94400.00 67400.00 59600.00 69800.00
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 1000.00 40000.00 136900.00 500.00
PAID IN OR CAPITAL SURPLUS 0.00 3895.00 2755.00 0.00
RETAINED EARNINGS 91115.22 62761.51 144249.00 73767.03
TREASURY STOCK 0.00 0.00 0.00 0.00
---------- ---------- ---------- ----------
TOTAL LIABILITIES & EQUITY 265930.64 273728.97 425985.83 243245.61
========== ========== ========== ==========
</TABLE>
<TABLE>
<CAPTION>
MNG MIDWEST LPG TOTAL OT SUB
--- ----------- ------------
<S> <C> <C> <C>
CASH 64681.89 -11079.93 77185.83
TRADE NOTES AND ACCOUNTS REC 1784642.66 0.00 2064480.86
ALLOWANCE FOR BAD DEBTS -35000.00 0.00 -59100.00
INVENTORIES 297372.30 0.00 376977.32
PREPAID EXPENSES 80404.10 266.00 102699.10
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 2922.73 0.00 3287.73
OTHER INVESTMENTS 750.00 0.00 750.00
BUILDINGS & OTHER DEPRECIABLE 16008866.79 20435.73 18769948.99
ACCUMULATED DEPRECIATION -5522098.82 -18535.73 -7509745.77
LAND 34198.25 0.00 89982.96
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 16337.68 0.00 16337.68
LAND HELD FOR INVESTMENT 0.00 0.00 0.00
GOODWILL 0.00 0.00 250.00
MISCELLANEOUS DEFERRED DEBITS 0.00 0.00 0.00
----------- --------- -----------
TOTAL ASSETS 12733077.58 -8913.93 13933054.70
=========== ========= ===========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 967139.14 16951.94 1108857.08
ACCRUED PAYROLL 51040.66 0.00 85976.37
TAXES OTHER THAN INCOME 26641.61 0.00 46385.08
INTEREST PAYABLE 92866.69 0.00 92866.69
INCOME TAXES PAYABLE 27931.45 -1152.00 41140.70
CUSTOMER DEPOSITS 35093.26 0.00 63803.26
DIVIDENDS PAYABLE 0.00 0.00 0.00
OTHER CURRENT LIABILITIES 422729.56 0.00 421870.34
NOTES PAYABLE INTERCOMPANY 1160639.53 3315.00 1303045.61
NOTES PAYABLE 3253584.54 0.00 3253584.54
DEFERRED INCOME TAXES 868200.00 25800.00 1185200.00
OTHER DEFERRED CREDITS 10074.13 0.00 10074.13
DEFERRED LOSS 0.00 0.00 0.00
PREFERRED STOCK 0.00 0.00 0.00
COMMON STOCK 627070.00 1000.00 806470.00
PAID IN OR CAPITAL SURPLUS 1557961.00 0.00 1564611.00
RETAINED EARNINGS 3632106.01 -54828.87 3949169.90
TREASURY STOCK 0.00 0.00 0.00
----------- --------- -----------
TOTAL LIABILITIES & EQUITY 12733077.58 -8913.93 13933054.70
=========== ========= ===========
</TABLE>
<PAGE> 16
<TABLE>
<CAPTION>
HIAWATHA MBG-MINN OLSON`S TOMAH
-------- -------- ------- -----
INCOME OTHER SUBSIDIARIES 1/31/2000
<S> <C> <C> <C> <C>
GROSS SALES LESS RETURNS 621774.58 618347.70 888608.05 568590.92
COST OF GOODS SOLD 333379.74 343982.96 496952.98 293519.09
---------- ---------- ---------- ----------
GROSS PROFIT 288394.84 274364.74 391655.07 275071.83
DIVIDEND INCOME 0.00 0.00 0.00 0.00
INTEREST INCOME 4507.06 2473.51 3987.85 2363.98
GROSS RENTS 0.00 37766.00 7040.28 0.00
GAIN(LOSS)SALE OF FIXED ASSETS 10000.00 -600.00 60616.61 0.00
SERVICE CALLS & CONTRACTED SER 4934.40 10346.90 14424.80 6189.38
ADMINISTRATIVE FEE -16463.38 -15890.78 -13814.41 -14386.56
CYLINDER & LEASE INCOME 151.00 165.00 510.45 131.00
MISCELLANEOUS INCOME 135.25 323.02 2575.03 -616.26
---------- ---------- ---------- ----------
TOTAL INCOME 291659.17 308948.39 466995.68 268753.37
---------- ---------- ---------- ----------
SALARIES & WAGES 91044.38 96846.47 175691.74 84700.20
REPAIRS 6650.31 8442.71 9685.46 6134.81
BAD DEBTS -414.22 -1009.34 2017.91 7584.08
RENTS 0.00 5684.00 14075.05 569.76
TAXES 9189.61 11008.88 16654.12 8587.38
INTEREST 319.53 1522.03 12447.61 1205.79
CONTRIBUTIONS 703.04 155.28 384.02 183.34
DEPRECIATION 36676.02 27221.19 62850.60 32550.41
ADVERTISING 5424.69 6313.04 6548.26 7188.20
PENSION, PROFIT SHARING 441.57 434.51 460.97 517.04
EMPLOYEE BENEFIT PROGRAMS 9750.86 10200.56 17383.43 8905.50
AMORTIZATION 0.00 0.00 0.00 0.00
BONDS & LICENSES 75.00 40.00 359.30 150.00
DUES & SUBSCRIPTIONS 453.19 551.19 419.34 419.34
INSURANCE 7646.00 8003.00 10753.99 5511.00
PROFESSIONAL FEES 950.00 950.00 2200.00 1200.00
ADMINISTRATIVE, OFFICE 8067.12 9300.06 7285.61 14984.30
AUTO & TRUCK EXPENSE 18939.54 30382.37 18375.16 36035.13
TRAVEL 0.00 73.71 600.20 0.00
TELEPHONE 1986.56 2365.79 3262.15 1487.87
UTILITIES 1745.81 7324.49 4279.38 1649.90
SELLING EXPENSE 630.00 630.00 713.00 490.00
SHOP SUPPLIES EXPENSE 2119.47 3218.99 5771.21 723.91
MISCELLANEOUS 920.48 6113.30 17464.22 491.28
OUTSIDE SERVICES & COLLECTION 6446.31 3421.11 7006.97 6254.38
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 209765.27 239193.34 396689.70 227523.62
INCOME TAXES 28300.00 23900.00 27000.00 15800.00
---------- ---------- ---------- ----------
NET INCOME(LOSS) 53593.90 45855.05 43305.98 25429.75
========== ========== ========== ==========
</TABLE>
<TABLE>
<CAPTION>
MNG MIDWEST LPG TOTAL OT SUB
--- ----------- ------------
INCOME
<S> <C> <C> <C>
GROSS SALES LESS RETURNS 8033282.08 0.00 10730603.33
COST OF GOODS SOLD 5517183.23 0.00 6985018.00
----------- --------- ------------
GROSS PROFIT 2516098.85 0.00 3745585.33
DIVIDEND INCOME 0.00 0.00 0.00
INTEREST INCOME 225.57 2.34 13560.31
GROSS RENTS 2875.00 0.00 47681.28
GAIN(LOSS)SALE OF FIXED ASSETS -3959.55 0.00 66057.06
SERVICE CALLS & CONTRACTED SER 76625.04 44191.89 156712.41
ADMINISTRATIVE FEE 0.00 0.00 -60555.13
CYLINDER & LEASE INCOME 0.00 0.00 957.45
MISCELLANEOUS INCOME 0.00 0.00 2417.04
TOTAL INCOME 2591864.91 44194.23 3972415.75
SALARIES & WAGES 426849.11 0.00 875131.90
REPAIRS 135184.95 0.00 166098.24
BAD DEBTS 32039.43 0.00 40217.86
RENTS 44838.24 0.00 65167.05
TAXES 114300.90 0.00 159740.89
INTEREST 398511.25 619.26 414625.47
CONTRIBUTIONS 0.00 0.00 1425.68
DEPRECIATION 543859.95 0.00 703158.17
ADVERTISING -5125.43 0.00 20348.76
PENSION, PROFIT SHARING 1510.04 0.00 3364.13
EMPLOYEE BENEFIT PROGRAMS 27935.08 0.00 74175.43
AMORTIZATION 2420.40 0.00 2420.40
BONDS & LICENSES 0.00 120.00 744.30
DUES & SUBSCRIPTIONS 0.00 0.00 1843.06
INSURANCE 10113.00 416.00 42442.99
PROFESSIONAL FEES 63060.44 400.00 68760.44
ADMINISTRATIVE, OFFICE 25566.19 761.87 65965.15
AUTO & TRUCK EXPENSE 0.00 17658.02 121390.22
TRAVEL 0.00 3947.71 4621.62
TELEPHONE 0.00 3951.92 13054.29
UTILITIES 0.00 0.00 14999.58
SELLING EXPENSE 11406.40 0.00 13869.40
SHOP SUPPLIES EXPENSE 0.00 0.00 11833.58
MISCELLANEOUS 16920.16 0.00 41909.44
OUTSIDE SERVICES & COLLECTION 84437.70 0.00 107566.47
UTILITY MERCHANDISING,JOBBING 0.00 0.00 0.00
UTILITY PLANT OPERATING EXPENS 35987.25 0.00 35987.25
COMMITMENT FEE 0.00 0.00 0.00
----------- --------- ------------
TOTAL DEDUCTIONS 1969815.06 27874.78 3070861.77
INCOME TAXES 240000.22 6900.00 341900.22
----------- --------- ------------
NET INCOME(LOSS) 382049.63 9419.45 559653.76
=========== ========= ============
</TABLE>
<PAGE> 17
<TABLE>
<CAPTION>
CMI
----------------
ASSETS Consolidated Midwest, Inc. (only) 1/31/2000
<S> <C>
CASH -8351.12
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 18725875.18
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 18717524.06
===========
LIABILITIES & EQUITY
ACCOUNTS PAYABLE 0.00
ACCRUED PAYROLL 0.00
TAXES OTHER THAN INCOME 0.00
INTEREST PAYABLE 0.00
INCOME TAXES PAYABLE 1043.00
CUSTOMER DEPOSITS 0.00
DIVIDENDS PAYABLE 0.00
OTHER CURRENT LIABILITIES 0.00
NOTES PAYABLE INTERCOMPANY 5229246.37
NOTES PAYABLE 783474.64
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 10989794.05
TREASURY STOCK 0.00
-----------
TOTAL LIABILITIES & EQUITY 18717524.06
===========
</TABLE>
<PAGE> 18
<TABLE>
<CAPTION>
CMI
----------------
INCOME Consolidated Midwest, Inc. (only) 1/31/2000
<S> <C>
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 62196.99
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 6.87
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 EXPENS 0.00
COMMITMENT FEE 0.00
---------
TOTAL DEDUCTIONS 62228.86
INCOME TAXES -21000.00
---------
NET INCOME(LOSS) -41228.86
=========
</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, 2000 AND RELATED CONSOLIDATED STATEMENTS 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-31-2000
<PERIOD-START> FEB-01-1999
<PERIOD-END> JAN-31-2000
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 42,659,530
<TOTAL-OPERATING-REVENUES> 50,600,246
<NET-INCOME> 935,457
</TABLE>
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