SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date Report (Date of earliest event reported) September 16, 1996
BONNEVILLE PACIFIC CORPORATION
(Exact name of registrant as specified in charter)
Delaware 0-14846 87-0363215
(State or other (Commission (IRA Employer
jurisdiction of File Number) Identification No.)
incorporation)
50 West 300 South, Suite 300, Salt Lake City, Utah 84101
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (801) 363-2520
(Former name or former address, if changed since last report) Not applicable
<PAGE>
Item 3. Bankruptcy or Receivership.
On December 5, 1991, the Registrant filed a petition in the United States
Bankruptcy Court for the District of Utah, Central Division, Case No. 91A-27701,
seeking protection to reorganize under Chapter 11 of the Federal Bankruptcy
Code. Subsequent to the filing, the Registrant has applied to the Securities and
Exchange Commission (the "Commission") to modify its reporting obligations under
the Securities Exchange Act of 1934, as amended (the "Exchange Act"). On April
9, 1992, the Commission indicated that it would raise no objection if the
Registrant modified its reporting obligations under the Exchange Act. A copy of
the Monthly Financial Report for the period August 1, 1996 to August 31, 1996,
as filed with the bankruptcy court is included as an exhibit hereto. On June 12,
1992, Roger G. Segal was appointed as the Chapter 11 Bankruptcy Trustee for the
Company.
Item 5. Other Events.
For information on litigation and matters previously reported, refer to the
narrative on pages Form 2-G of the accompanying bankruptcy report.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused its report to be signed on its behalf by the
undersigned thereunto duly authorized.
BONNEVILLE PACIFIC CORPORATION
By: Roger G. Segal, Chapter 11 Trustee
DATED September 16, 1996
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused its report to be signed on its behalf by the
undersigned thereunto duly authorized.
BONNEVILLE PACIFIC CORPORATION
By: R. Stephen Blackham, Assistant Controller
DATED September 16, 1996
<PAGE>
INDEX TO EXHIBITS
Exhibit Page No.
28.1 Monthly Financial Report - Chapter 11, for the period
August 1, 1996 to August 31, 1996, of the Registrant, dated
September 16, 1996 as filed by the Registrant with the
United States Bankruptcy Court for the District of Utah,
Central Division on September 16, 1996. . . . . .5
<PAGE>
MONTHLY FINANCIAL REPORT
CHAPTER 11
DEBTOR: BONNEVILLE PACIFIC CORPORATION
CASE NO. 91A-27701 For Period August 1 to August 31 , 1996
Accounting Method Used: x Accrual Basis Cash Basis
COVER SHEET
THIS REPORT IS DUE 15 DAYS AFTER THE END OF THE MONTH.
Mark One Box For Each The debtor must attach each of the following reports
Required Report/Document /documents unless the U.S. Trustee has waived the
requirement in writing. File original with Clerk of
Court. File duplicate with U.S. Trustee.
Report/Document Previously
Attached Waived REQUIRED REPORTS/DOCUMENTS
[ x ] [ ] Cash Receipts & Disbursements Statement (Form 2-B)
[ x ] [ ] Balance Sheet (Form 2-C)
[ x ] [ ] Profit and Loss Statement (Form 2-D)
[ x ] [ ] Supporting Schedules (Form 2-E)
[ x ] [ ] Quarterly Fee Summary (Form 2-F)
[ x ] [ ] Narrative (Form 2-G)
[ x ] [ ] Bank Statement(s) for Debtor in Possession
Account(s)
I declare under penalty of perjury that the following Monthly Financial Report
and any attachments thereto, is true and correct to the best of my knowledge and
belief.
Executed on: September 16, 1996
Debtor(s): BONNEVILLE PACIFIC CORPORATION
By: R. Stephen Blackham
Position: Assistant Controller
<PAGE>
Statement of Chapter 11 Trustee
Roger G. Segal, Chapter 11 Trustee of the bankruptcy case of Bonneville
Pacific Corporation, having been so appointed on June 12, 1992, hereby states
that he has reviewed the following Monthly Financial Report and any attachments
thereto and that, based on his review and the representations of officers and
employees of the debtor, Bonneville Pacific Corporation, he believes that the
information contained in the Monthly Financial Report and attachments is true
and correct. However, neither Roger G. Segal, Chapter 11 Trustee, nor Neilson,
Elggren, Durkin & Company, as accountants for Roger G. Segal, Chapter 11
Trustee, has had an opportunity to independently verify that the information
contained in the following Monthly Financial Report and the attachments thereto
is true and correct.
DATED this 16th day of September 1996.
---------------------------------------
Roger G. Segal, Chapter 11 Trustee
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Bankruptcy No. 91A-27701
Narrative
For the Month Ended August 31, 1996
- ----------------------------------------------------------------------------
Bonneville Pacific Corporation (the "Company" or "Bonneville") has continued to
conduct its normal business activities during the month of August 1996 (the
reporting period). These activities have included responding to the Operating
Guidelines and Reporting Requirements for Chapter 11 debtors.
Significant actions related to the Company during the month of August and the
first part of September 1996 (other than administrative matters, including
professional fee applications) in accordance with various provisions of the
Bankruptcy Code are as follows:
1. The Segal v. Portland General, et al. action pending in the United States
District Court, Case No. 92-C-364-J (the "Litigation") has been discussed
at length in the previous Monthly Financial Reports filed by the Trustee
and in the Trustee's three (3) Annual Reports Concerning the Administration
of the Estate. These Reports (which are on file with both the Bankruptcy
Court and the Securities & Exchange Commission) must be reviewed for an
understanding of the history and nature of the Litigation, including
previous settlements reached by the Trustee. The $65,000,000.00 Deloitte
settlement was approved by the Bankruptcy Court and the litigation by the
Trustee against Deloitte was dismissed by theDistrict Court; however, two
appeals to the United States District Court for the District of Utah were
filed concerning the Bankruptcy Court's Order approving the Deloitte
settlement. As a result of the appeals, Deloitte & Touche was required,
pursuant to the terms of theSettlement Agreement, as approved by the
Bankruptcy Court, to pay the $65,000,000.00 into an interest-bearing escrow
account; Deloitte & Touche did, on June 21, 1996, pay the $65,000,000.00
into an escrow account created for the settlement. All parties to the
appeals fully briefed the issues on appeal. The Trustee also filed a Motion
to Consolidate the Appeals and at a hearing held on July 22, 1996 the
Court, in the absence of an objection, granted the Motion to Consolidate.
At a hearing held on July 26, 1996, on the merits of the appeal, all
parties to the appeals presented a Stipulated Order which affirmed the
Bankruptcy Court's order approving the settlement and resolved the appeals
in the Trustee's favor; the District Court on July 26, 1996 entered its
Order Affirming the Bankruptcy Court Order Approving the Deloitte & Touche
Settlement. The $65,000,000.00, plus accrued interest, was paid from the
escrow account to the Company on September 5, 1996 at which time
$21,450,000.00 in attorney fees, previously approved by the United States
Bankruptcy Court (order dated July 23, 1996), was paid to Beus, Gilbert &
Morrill.
On August 8, 1996, the Trustee entered into a comprehensive settlement
agreement with defendants Fraser & Beatty and J. Michael Bradley. The
settlement2 provided for payment to Bonneville Pacific Corporation of Ten
Million ($10,000,000.00) U.S. Dollars during the month of September 1996 in
exchange for a complete release of any and all claims which the Trustee or
the estate has against Fraser & Beatty, J. Michael Bradley and related
parties. The settlement was conditioned upon approval by the United States
District Court and the United States Bankruptcy Court. The motion to the
Bankruptcy Court for approval of the settlement was heard as scheduled on
September 3, 1996, at which hearing the Bankruptcy Court approved the
settlement. The United States District Court, based upon the Stipulated
Motion for Final Judgment and Order of Dismissal of the Parties, on
September 4, 1996, signed the Judgment and Order of Dismissal of Fraser &
Beatty and J. Michael Bradley from the Litigation. The $10,000,000.00
settlement was paid to the Company on September 9, 1996.
On August 12, 1996, the Trustee entered into a comprehensive settlement
agreement with Piper Jaffray Inc. The settlement2 provided for payment to
Bonneville Pacific Corporation of Seven Million ($7,000,000.00) dollars
during the month of September 1996 in exchange for a complete release of
any and all claims which the Trustee or the estate has against Piper
Jaffray Inc. and related parties. The settlement also provides for payment
by Piper Jaffray Inc. of another $1,500,000.00 to the Company on September
9, 1997 and an additional $1,500,000.00 to the Company on September 9,
1998. The settlement was conditioned upon approval by the United States
District Court and the United States Bankruptcy Court. The motion to the
Bankruptcy Court for approval of the settlement was heard by the Bankruptcy
Court as scheduled on September 9, 1996, at which hearing the Bankruptcy
Court approved the motion. The United States District Court, based upon the
stipulated motion of the parties, on September 10, 1996, signed the Final
Judgment and Order of Dismissal of Piper Jaffray from the Litigation. The
Trustee expects that the initial $7,000,000.00 settlement payment will be
paid to the Company sometime in September 1996.
On August 22, 1996 the Trustee entered into a comprehensive verbal settlement
agreement with Portland General Corporation ("PGC"), its wholly owned
subsidiary Portland General Holding Inc. ("PGHI") and certain past and
present officers of PGC or PGHI (collectively such entities and persons are
referred to as "Portland"). Pursuant to the settlement, which was
documented by formal settlement agreement2 dated September 9, 1996,
Portland will release any and all claims against Bonneville, its estate and
related entities and individuals except that PGHI will retain ownership of
2,000,000 shares of common stock of Bonneville. PGHI will surrender
ownership of approximately 7,842,000 shares of common stock of Bonneville
and Portland will withdraw with prejudice its filed claim (in the amount of
$230,369,276.00) against Bonneville and will dismiss its counterclaim
against Bonneville and its estate now pending in the Litigation. In
exchange Portland will receive a release from Bonneville and its estate of
all claims and causes of action, including those asserted in the
Litigation. The settlement, if approved, is intended to resolve any and all
claims and/or rights and interest of the parties against one another and
related entities and individuals except for such restricted rights as PGHI
will have as the owner of 2,000,000 shares of common stock of Bonneville,
and will result in Thirty Million Six Hundred Twenty Thousand Five Hundred
Forty Dollars ($30,620,540.00) of liabilities now reflected on Bonneville's
Balance Sheet being removed therefrom as well as a reduction of
approximately Two Hundred Million Dollars ($200,000,00.00) from the amount
of unbooked liabilities reflected in note 6 to the Balance Sheet. The
settlement is conditioned upon approval by the United States District Court
and the United States Bankruptcy Court. The Trustee has filed a Motion for
Approval of the Settlement Agreement with the United States Bankruptcy
Court and a hearing on the motion has been scheduled for October 7, 1996.
All litigation settlement recoveries actually received by the Company on or
after June 1, 1996 are subject to a contingency fee in favor of the law
firm of Beus, Gilbert & Morrill, special litigation counsel for the
Trustee. The "Legal Representation Agreement" between the Trustee and Beus,
Gilbert & Morrill, which agreement sets forth the terms of the contingent
fee arrangement, was approved by the Bankruptcy Court in 1992. Pursuant to
the contingent fee agreement, Beus, Gilbert & Morrill would, after
subtracting for litigation costs, be paid forty percent (40%) of any
settlement or litigation recoveries received after trial commences,
thirty-three percent (33%) of any settlement sums received after the
litigation is filed but before trial commences, or, as the case may be,
twenty percent (20%) of the settlement sum received if the settlement
occurs before litigation is commenced ( in all instances less amounts paid
to the Trustee's General Counsel, Cohne, Rappaport & Segal, P.C., for fees
related to the Litigation). Any fees or costs to be paid to Beus, Gilbert &
Morrill must first be allowed (approved) by the Bankruptcy Court upon
application after notice and hearing. Beus, Gilbert & Morrill, on July 2,
1996, filed its Fourth Application for Allowance of Interim Fees seeking
allowance of $34,583,542.92 of which $13,133,542.92 (based upon settlement
recoveries received by the Company on or before May 31, 1996) would be
payable immediately upon approval and the remaining $21,450,000.00 would be
paid after approval when the estate receives the Deloitte & Touche
settlement funds from the escrow. At a hearing held on July 23, 1996 the
Bankruptcy Court approved Beus, Gilbert & Morrill's Fourth Application for
Allowance of Interim Fees. The $13,133,542.92 was paid to Beus, Gilbert &
Morrill on July 27, 1996 and the $21,450,000.00 was paid to Beus, Gilbert &
Morrill on September 5, 1996 from the Deloitte & Touche settlement
proceeds.
The remaining defendants in the Litigation are Kidder Peabody and
Westinghouse Electric Corporation. On March 31, 1996, the Trustee filed
with the Court a revised damage calculation pursuant to which the
bankruptcy estate continued to assert damage claims against the remaining
defendants totaling several hundred million dollars. The remaining
defendants adamantly disputed the Trustee's damage claims and the
defendants filed motions to strike the revised damage calculation. At
various pretrial hearings beginning on July 30, 1996 and continuing on
various days therafter, the Court struck some of the Trustee's remaining
causes of action against the remaining defendants and substantially reduced
the amount of possible damages recoverable from that sought by the Trustee
in his March 31, 1996 revised damage calculation. The Court indicated that
the case against Kidder Peabody would proceed first and confirmed the
October 1, 1996 trial date. The Trustee continues to believe that the
remaining defendants, to the extent they do not settle, will have to defend
the litigation on the merits.
As with any litigation, the ultimate net return to the estate from the
remaining defendants is uncertain. It is estimated that the Litigation,
taking into account appeals, may take years to fully resolve.
2. On June 28, 1996 Deedee Corradini and Yan Ross made their last $50,000.00
settlement payment and on August 1, 1996 they caused to be transferred to
the Trustee shares of Fiscorp stock representing the one-third interest to
which the Trustee is entitled pursuant to the Court approved August 17,
1993 Settlement Agreement with the Trustee. The value of the shares is
undetermined as Fiscorp is in the process of being liquidated.
3. On July 17, 1996 the Trustee entered into a comprehensive settlement
agreement with National Union Fire Insurance Company of Pittsburgh,
Pennsylvania ("National Union") and Mark E. Rinehart wherein the Company
would waive all claims against National Union and Rinehart (and vice-versa)
in exchange for a payment of $400,000.00 by National Union to the Company.
The settlement agreement itself must be read in its entirety for all terms
and conditions. The agreement was conditioned upon approval by the United
States Bankruptcy Court. The hearing on the Trustee's motion to approve the
settlement was heard as scheduled on August 20, 1996 at which hearing the
Court approved the motion. The settlement payment of $400,000.00 was paid
to the Company on September 6, 1996.
In addition to the above described litigation matters, the Company continues in
its business operations. Significant actions and events during August 1996
related to business matters are as follows:
1. The Trustee and his counsel continue to monitor the Company's 50% general
partnership interest in NCA #1 owned through the Company's wholly owned
subsidiary, Bonneville Nevada Corporation. NCA #1 is a Nevada general
partnership that owns an 85-megawatt cogeneration project located near Las
Vegas, Nevada. As previously reported, Nevada Power Company ("NPC")
curtailed its purchases of electrical power from NCA #1 during significant
portions of 1994 and 1995. The curtailments have continued during 1996.
As previously reported, NCA #1 together with NCA #2 (a related power
project in which the Company does not have any ownership interest) filed a
Demand for Arbitration and Statement of Claims with the Las Vegas office of
the American Arbitration Association ("AAA") seeking redress of the NPC
curtailments during 1994-1995. NPC filed a petition with the Eighth
Judicial District Court for Clark County Nevada seeking to enjoin the
arbitration. This petition was denied both upon initial consideration and
upon a Motion or Reconsideration. The Arbitration proceeded and has now
been concluded. NPC filed an appeal with the Nevada Supreme Court relative
to its Motion to Enjoin Arbitration. In response, NCA #1 and NCA #2 filed
its Answering Brief with the Supreme Court on August 9, 1996. Oral
arguments on the appeal are expected to be heard in the Spring of 1997.
Since January 1, 1996, curtailments of NCA #1 have continued but at a
dramatically lower level than during the same period in 1995. No NPC
curtailments occurred during the reporting period. There is no assurance
that this trend will continue. It is NCA #1's position that the
curtailments are in possible violation of applicable curtailment protocols
and possible breach of NCA #1's Power Purchase Contract with NPC. The
Trustee will continue to monitor this situation.
On June 7, 1995, NPC filed a petition with the Public Service Commission of
Nevada ("PSCN") seeking to ratify its prior curtailment practices. NCA #1
filed an objection to this petition and the First Judicial District Court
of the State of Nevada stayed further action on the petition pending
resolution of collateral matters. No further action took place relative
this matter during the reporting period.
Analysis of Claims and Possible Distributions.
Claims against the Bonneville Pacific bankruptcy estate total several hundred
million dollars; this number will be reduced by approximately Two Hundred
Million Dollars ($200,000,000.00) of unbooked liabilities if the respective
Courts approve the Trustee's settlement with Portland (as discussed in this
narrative). The exact amount of such claims (which include unfiled claims
relating to the sale of the Company's stock and bonds for which a December 16,
1996 bar date has now been established) and the distribution priority for such
claims are still being researched, investigated, litigated or negotiated by the
Trustee and other parties in interest.
On August 20, 1996 the Trustee filed a Motion for Establishment of a
Supplementary Claims Bar Date seeking to set December 16, 1996 as the
supplementary claims bar date by which all creditors of Bonneville who had not
previously been adequately notified to file claims must complete and file a
proof of claim with the Clerk of the Bankruptcy Court. The Trustee believes that
most of the new claims which may be filed would relate to possible claims
against Bonneville arising out of the purchase or sale of its securities. The
Motion also sought approval of a form of notice to be sent to potential
creditors, approval of a form proof of claim, approval of a procedure to
identify potential claimants and a procedure for notice by publication. A
hearing on the Motion was scheduled before the Bankruptcy Court on September 10,
1996. No objections to the Motion were filed and at the hearing the Court
granted the Motion and signed an order establishing the supplementary claims bar
deadline. Consequently, the Trustee is proceeding with the action authorized by
the order granting the Motion.
At this time it is not known whether interest will ever be paid on any allowed
unsecured claim because (a) it is not at all clear that the estate will possess
sufficient funds to pay interest on any particular class of claims, and (b) the
law concerning payment of interest to any particular class of claims is not
clear and therefore even if sufficient funds did exist, the issue of payment of
interest to any particular class of claims would have to be either consensually
resolved in a plan of reorganization or would have to be adjudicated by a court
of competent jurisdiction.
No plan of reorganization negotiations which include the Trustee are now being
conducted. However, in light of the settlements to date reached in the
Litigation (and if the Portland Settlement is approved and implemented), the
Company is now in the position to have all claims filed and to begin the process
of formulating and proposing a plan of reorganization. Plan negotiations with
creditors may not begin for several weeks and it will be several months, if not
substantially more, before any creditor with an allowed claim can anticipate
receiving any distribution from the estate.
For a discussion of some of the claims against the estate, see Section VIII of
the Trustee's Third Annual Report for the period from July 1, 1994 through June
30, 1995. As indicated therein, claims of the bondholders may be subordinate in
payment priority to the claims of banks and those creditors similarly situated.
For additional discussion concerning claims against the estate also see the
damage calculation filed by the Trustee with the District Court on March 31,
1996 in the Segal v. Portland General, et al. Litigation.
The Trustee has employed the law firm of Weil, Gotshall & Manges, L.L.P., with
its principal office in New York City, as Special Plan Counsel. The purpose of
the employment includes, but is not limited to, assisting the Trustee and the
Trustee's General Counsel concerning a plan of reorganization and issues
relating thereto, including, in some instances, dealing with claims against the
estate and tax issues.
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Cash Receipts and Disbursements Statement
For Period August 1 - August 31, 1996
CASH RECONCILIATION
1. Beginning Cash Balance: $55,258,118.77
2. Cash Receipts: (See Page 2 of 2) 330,417.50
3. Cash Disbursements: (See Page 2 of 2) (1,092,955.09)
4. Net Cash Flow: (762,537.59)
5. Ending Cash Balance: (to Form 2-C) $54,495,581.18
CASH ACCOUNT SUMMARY - ENDING BALANCES
ACCOUNT AMOUNT FINANCIAL INSTITUTION
PAYROLL ACCOUNT $1,116.27 FIRST SECURITY BANK OF UT
PAYROLL TAX ACCOUNT 365.87 KEY BANK OF UTAH
GENERAL CORP CASH 377,780.56 KEY BANK OF UTAH
CHPTR 11 TRUSTEE JOINT ACCT 769,850.68 (A) KEY BANK OF UTAH
CHPTR 11 TRUSTEE - CD ACCT 10,701,362.96 (A) US BANK
CHPTR 11 TRUSTEE - JNT CD 5,208,408.50 (A) KEY BANK OF UTAH
CHPTR 11 TRUSTEE JOINT ACCT 5,063,845.14 (A) BANK ONE
CHPTR 11 TRUSTEE JT SAVINGS 42,203.92 (A) BANK ONE
UNITED STATES TREASURY BONDS 32,148,214.26 (A) BANK ONE
PROCEEDS FROM ASSET SALES 3,936.57 (A) KEY BANK OF UTAH
NCA 1 SALES TAX ESCROW 25,952.00* (B) ABN AMRO BANK OF N.Y.
KYOCERA MAINTENANCE RESERVE 152,544.45 KEY BANK OF UTAH
$54,495,581.18
* RESTRICTED CASH $25,952.00
(A) Accounts requiring signatures of both the US Trustee and Chapter 11 Trustee
for disbursements.
(B) Funds on deposit in the NCA 1 Sales Tax Escrow account are pledged as
collateral to the State of Nevada. Monthly, an amount of approximately
$26,000 is released and transferred to the Chapter 11 Trustee Joint
Account. It is expected that the final payment will be made in the current
month and the account will be closed.
FORM 2-B
Page 1 of 2
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Cash Receipts and Disbursements Statement
For Period August 1 - August 31, 1996
CASH RECEIPTS JOURNALS
BANK ACCOUNT TOTAL PAGE REF
PAYROLL ACCOUNT $21,187.16 A
PAYROLL TAX ACCOUNT 9,429.20 B
GENERAL CORP CASH 256,520.34 C
CHPTR 11 TRUSTEE JOINT ACCT 30,008.53 E
CHPTR 11 TRUSTEE - CD ACCT 0.00 N/A
CHPTR 11 TRUSTEE - JNT CD 65,928.33 F
CHPTR 11 TRUSTEE JOINT ACCT 0.00 N/A
CHPTR 11 TRUSTEE JT SAVINGS 4,374.14 G
UNITED STATES TREASURY BONDS 0.00 N/A
PROCEEDS FROM ASSET SALES 10.49 H
NCA 1 SALES TAX ESCROW 245.08 I
KYOCERA MAINTENANCE RESERVE 11,720.67 J
LESS: ACCOUNT TRANSFERS 399,423.94
(69,006.44)
TOTAL CASH RECEIPTS $330,417.50
CASH DISBURSEMENTS JOURNALS
BANK ACCOUNT TOTAL PAGE REF
PAYROLL ACCOUNT $21,218.74 A
PAYROLL TAX ACCOUNT 9,434.06 B
GENERAL CORP CASH 1,104,069.75 D
CHPTR 11 TRUSTEE JOINT ACCT 43.90 E
CHPTR 11 TRUSTEE - CD ACCT 0.00 N/A
CHPTR 11 TRUSTEE - JNT CD 0.00 F
CHPTR 11 TRUSTEE JOINT ACCT 0.00 N/A
CHPTR 11 TRUSTEE JT SAVINGS 0.00 G
UNITED STATES TREASURY BONDS 0.00 N/A
PROCEEDS FROM ASSET SALES 0.00 H
NCA 1 SALES TAX ESCROW 27,195.08 I
KYOCERA MAINTENANCE RESERVE 0.00 J
1,161,961.53
LESS: ACCOUNT TRANSFERS (69,006.44)
TOTAL CASH DISBURSEMENTS $1,092,955.09
FORM 2-B
Page 2 of 2
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Payroll Account
For Period August 1 - August 31, 1996
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
8/13/96 CK# 5803 BPC - GENERAL $10,392.66 PAYROLL TRANSFER
8/28/96 CK# 5825 BPC - GENERAL 10,794.50 PAYROLL TRANSFER
TOTAL CASH RECEIPTS $21,187.16
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
8/15/96 PAYROLL SUMMARY $10,392.66
8/31/96 PAYROLL SUMMARY 10,794.50
8/31/96 BNK STMT 1stSECURITY BANK/UT 31.58 SERVICE CHARGE
TOTAL CASH DISBURSEMENTS $21,218.74
A
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Payroll Tax Account
For Period August 1 - August 31, 1996
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
8/13/96 CK# 5804 BPC - GENERAL $4,597.25 PR TAX TRANSFER
8/28/96 CK# 5826 BPC - GENERAL 4,831.95 PR TAX TRANSFER
TOTAL CASH RECEIPTS $9,429.20
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
8/13/96 CK# 1202 KEY BANK OF UTAH $3,816.02 FEDERAL TAX DEPOSIT
8/28/96 CK# 1203 KEY BANK OF UTAH 4,011.96 FEDERAL TAX DEPOSIT
8/28/96 CK# 1204 UTAH STATE TAXCOMM. 1,601.22 STATE INCOME TAX
8/31/96 BNK STMT KEY BANK OF UTAH 4.86 SERVICE CHARGE
TOTAL CASH DISBURSEMENTS $9,434.06
B
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
General Corp Cash
For Period August 1 - August 31, 1996
CASH RECEIPTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
8/07/96 DS080796 US BANK $131,956.99 INTEREST INCOME
8/07/96 DS080796 C. CAMOZZI 236.00 INSURANCE REIMBURSEMENT
8/07/96 DS080796 D. GARDINER 240.00 INSURANCE REIMBURSEMENT
8/07/96 DS080796 WORKERS COMP.UTAH 91.42 INSURANCE REIMBURSEMENT
8/19/96 DS081996 SAN DIEGO GAS/ELECT. 2,649.85 ENERGY REV-KYOCERA
8/30/96 DS083096 MASTER LEASE 2,533.98 DEPOSIT REFUND
8/30/96 DS083096 C. CAMOZZI 236.00 INSURANCE REIMBURSEMENT
8/30/96 DS083096 KYOCERA AMERICA 114,283.53 ENERGY REV-KYOCERA
8/30/96 DS083096 D. GARDINER 240.00 INSURANCE REIMBURSEMENT
8/30/96 DS083096 LEWIS & ROCA 947.85 EXPENSE REIMBURSEMENT
8/31/96 BNK STMT KEY BANK OF UTAH 3,104.72 INTEREST INCOME
TOTAL CASH RECEIPTS $256,520.34
C
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
General Corp Cash
For Period August 1 - August 31, 1996
CASH DISBURSEMENTS JOURNAL
<TABLE>
DATE CHECK # PAYEE AMOUNT DESCRIPTION
<S> <C> <C> <C> <C>
8/1/96 1005788 VOID VOID
8/1/96 1005789 VOID VOID
8/1/96 1005790 CYMA HELP! 270.00 OFFICE SUPPLIES & EXPENSE
8/1/96 1005791 50 WEST BROADWAY ASSOC INC 12,513.00 RENT-OFFICE SPACE & PARKING
8/1/96 1005792 AIRBORNE EXPRESS 9.50 EXPRESS MAIL EXPENSE
8/1/96 1005793 AUTOMATED OFFICE SYSTEMS INC. 310.95 OFFICE SUPPLIES & EXPENSE
8/1/96 1005794 BENEFICIAL LIFE INSURANCE 682.32 INSURANCE-LIFE
8/1/96 1005795 BPC-KYOCERA MAINT RESERVE 11,195.00 TRANSFER-MAINT RESERVE
8/1/96 1005796 GEM INSURANCE CO 3,328.00 INSURANCE-HEALTH
8/1/96 1005797 MOUNT OLYMPUS WATER 23.14 OFFICE SUPPLIES & EXPENSE
8/1/96 1005798 CLARK MOWER 430.78 TRAVEL REIMBURSEMENT
8/1/96 1005799 REDMAN VAN & STORAGE CO INC. 84.87 RENT-STORAGE
8/1/96 1005800 WESTERN TRAVEL INC. 746.50 TRAVEL EXPENSE
8/7/96 1005801 COHNE RAPPAPORT & SEGAL PC 244,610.26 PROFESSIONAL FEES & COSTS
8/7/96 1005802 ROGER G. SEGAL (TRUSTEE) 74,868.10 TRUSTEE FEES & COSTS
8/13/96 1005803 BONNEVILLE PACIFIC/PAYROLL 10,392.66 TRANSFER-PAYROLL ACCT
8/13/96 1005804 BPC PAYROLL TAX ACCOUNT 4,597.25 TRANSFER-PAYROLL TAX ACCT
8/13/96 1005805 WELLS FARGO BANK 783.30 401K CONTRIBUTIONS
8/13/96 1005806 CALIFORNIA FRANCHISE TAX BOARD 12,500.00 STATE INCOME TAX (EST.)
8/13/96 1005807 KEY BANK 615,000.00 FEDERAL INCOME TAX (EST.)
8/13/96 1005808 UTAH STATE TAX COMMISSION 72,000.00 STATE INCOME TAX (EST.)
8/13/96 1005809 CALIFORNIA FRANCHISE TAX BOARD 800.00 STATE INCOME TAX (EST.)
8/16/96 1005810 APPLE SPICE JUNCTION 26.24 LUNCHEON MEETING
8/16/96 1005811 A T & T 956.40 TELEPHONE EXPENSE
8/16/96 1005812 AUTOMATED OFFICE SYSTEMS INC 39.80 OFFICE SUPPLIES & EXPENSE
8/16/96 1005813 BONNEVILLE PACIFIC SERVICE 69.30 O&M EXPENSE-KYOCERA
8/16/96 1005814 FIRST INTERSTATE BANK OF CA 1,275.94 401K TRUST FEES
8/16/96 1005815 GENERATOR POWER SYSTEMS INC 16,120.04 O&M EXPENSE-KYOCERA
8/16/96 1005816 MOUNT OLYMPUS WATER 27.96 OFFICE SUPPLIES & EXPENSE
8/16/96 1005817 MOUNTAIN STATES OFF PRODCT 82.78 OFFICE SUPPLIES & EXPENSE
8/16/96 1005818 PITNEY BOWES INC 160.78 OFFICE SUPPLIES & EXPENSE
8/16/96 1005819 THE PRUDENTIAL 980.76 INSURANCE-DISABILITY
8/16/96 1005820 PROTEL 62.61 OFFICE SUPPLIES & EXPENSE
8/16/96 1005821 REDMAN VAN & STORAGE CO INC 680.93 RENT-STORAGE
8/16/96 1005822 SAN DIEGO GAS & ELECTRIC 101.26 O&M EXPENSE-KYOCERA
8/16/96 1005823 UNUM LIFE INS. CO OF AMERICA 1,562.96 INSURANCE-DISABILITY
8/16/96 1005824 XEROX CORPORATION 290.65 OFFICES SUPPLIES & EXPENSE
8/28/96 1005825 BONNEVILLE PACIFIC/PAYROLL 10,794.50 TRANSFER-PAYROLL ACCT
8/28/96 1005826 BPC PAYROLL TAX ACCOUNT 4,831.95 TRANSFER-PAYROLL TAX ACCT
8/28/96 1005827 WELLS FARGO BANK 788.67 401K CONTRIBUTIONS
8/31/96 BNK STMT KEY BANK 70.59 SERVICE CHARGE
TOTAL CASH DISBURSEMENTS $1,104,069.75
</TABLE>
D
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 Trustee Joint Account
For Period August 1 - August 31, 1996
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
8/19/96 GJ278 ABN AMRO $27,195.08 TRANSFER
8/31/96 BNK STMT KEY BANK OF UTAH 2,813.45 INTEREST INCOME
TOTAL CASH RECEIPTS $30,008.53
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
8/31/96 BANK STMT KEY BANK OF UTAH $43.90 BANK SERVICE CHARGE
E
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 Trustee - JOINT CD ACCOUNT
For Period August 1 - August 31, 1996
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
8/31/96 BNK STMT KEY BANK $65,928.33 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
NONE
F
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Chapter 11 Trustee JT Savings
For Period August 1 - August 31, 1996
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
8/31/96 BNK STMT BANK ONE $4,374.14 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
NONE
G
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Proceeds From Asset Sales
For Period August 1 - August 31, 1996
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
8/31/96 BNK STMT KEY BANK OF UTAH $10.49 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
NONE
H
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
NCA 1 Sales Tax Escrow
For Period August 1 - August 31, 1996
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
8/31/96 BNK STMT KEY BANK OF UTAH $245.08 INTEREST INCOME
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
8/19/96 GJ278 ABN AMRO $27,195.08 TRANSFER
I
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Kyocera Maintenance Reserve
For Period August 1 - August 31, 1996
CASH RECEIPTS JOURNAL
DATE DOC # PAYOR AMOUNT DESCRIPTION
8/01/96 CK# 5795 BONNEVILLE PACIFIC CORP $11,195.00 TRANSFER
8/31/96 BNK STMT KEY BANK OF UTAH 525.67 INTEREST INCOME
TOTAL CASH RECEIPTS $11,720.67
CASH DISBURSEMENTS JOURNAL
DATE DOC # PAYEE AMOUNT DESCRIPTION
NONE
J
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Balance Sheet
As of August 31, 1996
ASSETS
Current Assets:
Cash $ 54,495,581
Accounts receivable - trade 91,740
Accounts receivable - settlements (Note 7) 67,102,325
Accounts receivable - affiliates 297,938
Prepaid Insurance 68,782
Accrued interest receivable 682,852
Total current assets $122,739,218
Fixed Assets:
Land 198,424
Equipment, furniture and fixtures 3,745,635
Total fixed assets 3,944,059
Less: Accumulated depreciation -2,937,990
Net fixed assets 1,006,069
Other Assets:
Investment in and advances to subsidiaries
and partnership 29,475,406
Other assets 63,649
Total other assets 29,539,055
TOTAL ASSETS $153,284,342
LIABILITIES
Post-petition liabilities:
Accounts payable - trade $ 77,673
Accounts payable - professional fees
and costs (Note 7) 24,093,973
Accrued income taxes payable 1,032,360
Taxes payable 84,246
Accrued interest 57,233
Total post-petition liabilities $ 25,345,485
Pre-petition liabilities:
Priority claims 61,186
Secured debt 2,664,535
Unsecured debt (Note 5) 131,840,639
Total pre-petition liabilities 134,566,360
TOTAL LIABILITIES 159,911,845
Commitments and Contingent Liabilities (Notes 3, 4 and 6)
OWNERS' EQUITY
Capital stock or owners' investment 213,752
Paid-in-capital 91,835,029
Treasury stock -2,308,255
Retained earnings:
Pre-petition -56,551,908
Post-petition -39,816,121
TOTAL OWNERS' EQUITY -6,627,503
TOTAL LIABILITIES AND OWNERS' EQUITY $153,284,342
Form 2-C
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Profit and Loss Statement
For Period August 1 - August 31, 1996
Gross operating revenue $ 182,886
Less discount, returns and allowances 0
Net operating revenue $ 182,886
Cost of goods sold -92,098-
Gross profit 90,788
Operating expenses:
Salaries and wages 31,364
Rent and leases 12,363
Payroll taxes 1,596
Insurance 8,962
Other 64,621
Total operating expenses -118,906
Operating income (loss) -28,118
Legal and professional fees and costs
(Note 7) 841,297
Depreciation, depletion and amortization 1,203
Interest expense 27,722
Total -870,222
Net operating income (loss) -898,340
Non-operating income and (expenses):
Interest income 655,731
Other income 737,979
Other income - settlements (Note 7)
Equity in earnings (losses) of subsidiaries
and partnerships (Note 2) 1,029,801
Net non-operating income or (expenses) 2,423,511
Net income (loss) before income taxes 1,525,171
Provision for income taxes (Note 8) 30,503
NET INCOME (LOSS) $1,494,668
Form 2-D
Page 1 of 3
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
General Notes to Financial Statements
For Period August 1 to August 31, 1996
1. The Balance Sheet and Income Statement of Bonneville Pacific Corporation,
included in the Monthly Financial Report, are prepared on the accrual
basis. As a result, revenues are generally recorded when earned rather than
when received and expenses are generally recognized when the obligation is
incurred rather than when the expenses are paid. During bankruptcy accrued
interest payable is recorded only on post petition debt and pre-petition
secured debt to the extent that the underlying collateral equals or exceeds
the outstanding principal plus the accrued interest payable. These
financial statements are prepared in a format required by the U.S.
Bankruptcy Code. While every effort is made to comply with generally
accepted accounting principles (GAAP), these financial statements may not
comply with GAAP in all respects.
2. Equity in earnings of subsidiaries and partnerships represents an accrual of
the Company's share of earnings or losses of its operating subsidiaries and
partnerships. These earnings are affected by a number of factors including
seasonality, operating costs and operating efficiency. The operating
entities which comprise these earnings include Bonneville Pacific Services
Company, Bonneville Fuels Corporation, and Bonneville Nevada Corporation
through its investment in the NCA #1 Partnership.
3. The balance sheet does not reflect deeply subordinated claims totalling
$14,945,000 which are claims resulting from court approved settlement
agreements pursuant to which a creditor has agreed to subordinate its
particular claim in payment priority to all other claims of any kind
whatsoever including, but not limited to late filed claims, subordinated
debenture holder claims, equity claims, claims of equity holder or
subordinated debenture holders who had sold their stock or bonds, and claims
which have been subordinated pursuant to 11 U.S.C. Section 510 (b).
4. The balance sheet does not reflect CIGNA's settled and allowed $10,000,000
subordinated claim which is on par with any allowed equity claims.
Form 2-D
Page 2 of 3
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
General Notes to Financial Statements
For Period August 1 to August 31, 1996
5. Included in recorded liabilities are liabilities of approximately
$31,000,000 that are being disputed by the Trustee. In addition, numerous
liabilities are being investigated by the Trustee for possible objection.
6. Total liabilities as shown in the accompanying balance sheet do not reflect
certain liabilities and other claims, contingent or otherwise, that are the
subject matter of filed or potentially filed claims. To date, claims and
potential claims have been estimated to exceed $350,000,000. This amount
includes claims under investigation, potential claims of limited partners,
potential claims of equity holders, disputed claims, and accrued interest on
certain claims.
7. Accounts Receivable Settlements represent only court approved settlements
where all conditions precedent have occurred and the settlements were fully
effective as of August 31, 1996 and are reflected on the August 31, 1996
Financial Statements.
Settlements reached between the Trustee and any person or entity where all
conditions for the settlement to become fully effective has not occurred as
of August 31, 1996 are not reflected on the August 31, 1996 Financial
Statements. Such settlements include those with:
Fraser Beatty/Michael Bradley $10,000,000
Piper Jaffray Inc. $10,000,000
Contingent professional fees of up to approximately $6,600,000 relating to
the two settlements have not been reflected on the financial statements
(further information concerning the settlements is contained in the
narrative, which is attached).
8. As of April 30, 1995, Bonneville and Subsidiaries had approximately
$124,000,000 in federal net operating loss carryforwards and approximately
$114,000,000 in alternative minimum tax loss carryforwards for Federal
Income Tax purposes. Pursuant to current tax law, only 90 percent of current
alternative minimum taxable income can be offset by alternative minimum tax
loss carryforwards. The financial statements reflect the accrual of an
estimated $1,730,000 alternative minimum tax liability resulting from
operations and the receipt of proceeds from settlements.
Form 2-D
Page 3 of 3
<PAGE>
BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Taxes Payable Schedule (Post-Petition)
For Period August 1 to August 31, 1996
<TABLE>
<CAPTION>
Beginning Payments Date Check Ending
Balance Adjustments Additions Deposits Paid Numb. Balance
<S> <C> <C> <C> <C> <C> <C> <C>
Income tax withheld:
Federal .............. $-0- $ $(4,637.08) $ 2,266.16 8/13/96 1202
2,370.92 8/28/96 1203 $-0-
State ................ -0- (1,601.22) 1,601.22 8/28/96 1204 -0-
FICA tax withheld ....... -0- (1,595.45) 774.93 8/13/96 1202
820.52 8/28/96 1203 -0-
Employer's FICA tax ..... -0- (1,595.45) 667.45 8/13/96 1202
672.36 8/28/96 1203 -0-
Unemployment tax:
Federal .............. -0- -0-
State ................ -0- -0-
Sales, use & excise taxes -0- -0-
Property taxes .......... ( 82,029.00) (2,217.00) (842469.00)
Accrued income tax:
Federal .............. ( 1,693,600.00) (30,503.00) 615,000.00 8/15/96 5807 (1,109,103.00)
State ................ ( 8,557.00) 85,300.00 8/15/96 76,743.00
Delaware franchise tax .. -0- -0-
Employee withholding ....-0- (1,573.97) 783.30 8/13/96 -0-
783.67 8/28/96 -0-
TOTALS .................. $(1,784,386.00)$-0- $(43,721.17) $711,301.17 $(1,116,606.00)
</TABLE>
<PAGE>
9EBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Insurance Schedule
For Period August 1 to August 31, 1996
<TABLE>
<CAPTION>
Policy
Amount of Expiration Premium Paid
Carrier/Agent Coverage Date Thru Date
<S> <C> <C> <C> <C>
Worker's Compensation Various State Funds Statutory
$1,000,000 (A) 08/31/96
General Liability Travelers Insurance/
Sedgwick James 5,000,000 06/06/97 06/06/97
Vehicles Travelers Insurance/
[Hired/Non-owned] Sedgwick James 5,000,000 06/06/97 06/06/97
Property:
Bonneville Pacific Federal Insurance Co./
Sedgwick James 735,000 08/17/96 08/17/97
Kyocera Federal/Hartford Steam/
Sedgwick James 5,352,879 08/17/96 08/17/97
</TABLE>
(A) All workers compensation insurance policies are insured through various
state insurance funds. As such, they continue in force as premiums are
paid and have no policy expiration dates.
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Accounts Receivable and Payable Aging
For Period August 1 to August 31, 1996
Non-Affiliate
Accounts Accounts
Receivable Payable
Under 30 days $67,193,468 $23,490,937
30 to 60 days 8 3,938
61 to 90 days 9 0
Over 90 days 579 676,771
Total post-petition 67,194,064 24,171,646
Pre-petition amounts 0 3,994,994
Total accounts receivable $67,194,064
Total accounts payable $28,166,640
Affiliate
Accounts
Receivable
Under 30 days $ 8,042
30 to 60 days 10,454
61 to 90 days 48,364
Over 90 days 231,078
Total post-petition affiliate
accounts receivable $ 297,938
(*) Accounts payable over 90 days past due primarily represents professional
fees incurred prior to the Trustee's appointment currently being considered
by the court for payment.
Form 2-E
Page 3 of 5
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Schedule of Payments of Fees and Costs to Attorneys and Other Professionals
For Period August 1 to August 31, 1996
Date of
Court Estimated
Amount Paid Approval Balance Due
Debtor's Counsel $0 $100,000
Counsel for Unsecured
Creditors' Committee 0 139,487
Court Appointed Trustee 0 121,974 **
Trustee's Counsel 0 431,750 **
Trustee's Accountants 0 152,617
Special Litigation Counsel for
Trustee - Costs 0 511,734
Trustee - Fees 0 22,456,179***
Buccino and Associates 0 132,853
Financial Advisors for
Unsecured Creditors
Committee 0 290,223
Creditor's Committee 0 9,634
Total $0 $24,093,973
* Settlement amounts under advisement by the Court.
** Includes only hourly rate and miscellaneous Trustee costs. Does not include
any additional amounts that may be awarded by the court relating to 11 USC
Section 326 or as an enhanced fee to either the Trustee or the Trustee's
general counsel.
*** Includes an accrual for any contingent fees due as a result of court
approved settlements or recoveries. Estimated contingent fees will be
accrued when settlements are approved by the court and the accrual will be
revised when fee applications are filed with the Bankruptcy Court.
Further information concerning settlements is contained in the narrative which
is attached.
Form 2-E
Page 4 of 5
<PAGE>
DEBTOR: BONNEVIllE PACIFIC CORPORATION
Case No. 91A-27701
Schedule of Payments to Principal/Executives
For Period August 1 to August 31, 1996
Payee Name Position Nature of Payment Amount
Ralph F Cox Director Director fees -0-
Calvin L Rampton Director Director fees -0-
Clark M Mower President Salary 12,014.60
Expense Reimbursement 430.78
Form 2-E
Page 5 of 5
<PAGE>
DEBTOR: BONNEVILLE PACIFIC CORPORATION
Case No. 91A-27701
Quarterly Fee Summary (1)
Month Ended August 31, 1996
Cash Quarterly Payment
Disbursement Fee Due Check No. Date
January $1,328,436.60
February 250,804.29
March 2,301,171.04
Total 1st Quarter 3,880,411.93 $5,000.00 1005634 4/23/96
April 262,428.76
May 113,914.30
June 793,980.15
Total 2nd Quarter 1,170,323.21 3,750.00 1005783 7/25/96
July 14,435,215.07
August 1,092,955.09
September
Total 3rd Quarter 15,528,170.16
October
November
December
Total 4th Quarter
(1) This summary is to reflect the current calendar year's information
cumulative to the end of the current reporting period.
Form 2-F
