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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
In the matter of )
)
EASTERN UTILITIES ASSOCIATES )
Boston, Massachusetts )
)
EUA COGENEX CORPORATION ) Certificate of
Lowell, Massachusetts ) Notification
) Pursuant to
) Rule 24
(70-8003) )
)
(Public Utility Holding Company Act of 1935) )
Enclosed herewith for filing by Eastern Utilities Associates and
its wholly-owned subsidiary, EUA Cogenex Corporation, in accordance
with the Order of the Securities and Exchange Commission entered in
the above matter on December 9, 1992 (Release No. 35-25697) and
pursuant to Rule 24, are the balance sheet, the income statement, and
the statement of cash flows of the EUA Nova division of EUA
Cogenex Corporation for the quarter ended June 30, 1994.
EASTERN UTILITIES ASSOCIATES
By: /s/ Clifford J. Hebert, Jr.
Clifford J. Hebert, Jr.
Treasurer
EUA COGENEX CORPORATION
By: /s/ Basil G. Pallone
Basil G. Pallone
Vice President
Dated: August 11, 1994
EUA NOVA
BALANCE SHEET
($ IN THOUSANDS)
Quarter Ended
June 30,
ASSETS 1994
Current assets:
Cash and cash equivalents 21
Customer accounts receivable, net of
allowance for doubtful accounts 2,953
Other accounts receivable 559
Notes receivable 0
Net investment in sales-type leases 0
Inventories 1,274
Prepayments and other current assets 49
Total current assets 4,856
Property and equipment 1,263
Less: accumulated depreciation (691)
Net property and equipment 572
Other non current assets:
Notes receivable 0
Net investment in sales-type leases 0
Contract rights 0
Intangible assets (140)
Invest in subsidiary companies 0
Miscellaneous non current assets 0
Total other non current assets (140)
Total assets 5,288
EUA NOVA
BALANCE SHEET
($ IN THOUSANDS)
Quarter Ended
June 30,
LIABILITIES 1994
Current liabilities:
Notes payable 1,612
Accounts payable - trade 351
- associated companies 110
- other 575
Accrued interest 488
Accrued taxes 105
Miscellaneous current liabilities 11
Total current liabilities 3,252
Long-term liabilities:
Long-term debt 0
Deferred credits 50
Accumulated deferred income taxes 0
Total long-term liabilities 50
Minority interests 0
Stockholder's equity:
Paid in capital 0
Retained Earnings 1,986
Total stockholder's equity 1,986
Total liabilities and equity 5,288
EUA NOVA
INCOME STATEMENT
Six Months Ended
June 30, 1994
Operating Revenues $5,347,226
Cost of Goods Sold 3,406,077
Gross Profit 1,941,149
Operating Expenses 1,980,906
Income from Operations (39,757)
Other Income 24,986
Interest Expense:
Interest Debt-Assoc.Cos. 178,722
Other Interest 52
Total Interest Expense 178,774
Net Income ($193,545)
EUA NOVA
STATEMENT OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 1994
Cash flow from operating activities:
Net loss ($193,545)
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 136,661
Other - net 34,102
Changes in operating assets and liablilties (291,238)
Net cash used in operating activities (314,020)
Cash flow from investing activities:
Construction expenditures 0
Net cash used in investing activities 0
Cash flow from financing activities:
Net increase in short-term debt 70,160
Net cash provided from financing activities 70,160
Net decrease in cash and cash equivalents (243,860)
Cash and cash equivalents at beginning of year 264,920
Cash and cash equivalents at end of year $21,060
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest, net of amounts capitalized $0
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