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Previous: ENERGY INITIATIVES INC, 35-CERT, 1994-11-15 |
Next: SEARS CREDIT ACCOUNT TRUST 1989 E, 8-K, 1994-11-15 |
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 September 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: November 15, 1994
EUA NOVA
BALANCE SHEET
($ IN THOUSANDS)
Quarter Ended
September 30,
ASSETS 1994
Current assets:
Cash and cash equivalents 32
Customer accounts receivable, net of
allowance for doubtful accounts 4,403
Other accounts receivable 283
Inventories 1,958
Prepayments and other current assets 36
Total current assets 6,712
Property and equipment 1,268
Less: accumulated depreciation 720
Net property and equipment 548
Other non current assets:
Intangible assets (163)
Miscellaneous non current assets 4
Total other non current assets (159)
Total assets 7,101
EUA NOVA
BALANCE SHEET
($ IN THOUSANDS)
Quarter Ended
September 30,
LIABILITIES 1994
Current liabilities:
Notes payable 2,777
Accounts payable - trade 680
- associated companies 197
- other 291
Accrued interest 588
Accrued taxes 109
Miscellaneous current liabilities 58
Total current liabilities 4,700
Long-term liabilities:
Deferred credits 74
Total long-term liabilities 74
Stockholder's equity:
Retained Earnings 2,327
Total stockholder's equity 2,327
Total liabilities and equity 7,101
EUA NOVA
INCOME STATEMENT
Nine Months Ended
September 30, 1994
(In Thousands)
Operating Revenues $9,428
Cost of Goods Sold 6,045
Gross Profit 3,383
Operating Expenses 3,012
Income from Operations 371
Other Income 56
Interest Expense:
Interest Debt-Assoc.Cos. 280
Total Interest Expense 280
Net Income $ 147
EUA NOVA
STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1994
(In Thousands)
Cash flow from operating activities:
Net income $147
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 199
Other - net 39
Changes in operating assets and liablilties (1,853)
Net cash used in operating activities (1,468)
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 1,235
Net cash provided from financing activities 1,235
Net decrease in cash and cash equivalents (233)
Cash and cash equivalents at beginning of year 265
Cash and cash equivalents at end of year $32
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest, net of amounts capitalized $0
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<ARTICLE> OPUR1
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> SEP-30-1994
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 548
<OTHER-PROPERTY-AND-INVEST> (159)
<TOTAL-CURRENT-ASSETS> 6712
<TOTAL-DEFERRED-CHARGES> 0
<OTHER-ASSETS> 0
<TOTAL-ASSETS> 7101
<COMMON> 0
<CAPITAL-SURPLUS-PAID-IN> 0
<RETAINED-EARNINGS> 2327
<TOTAL-COMMON-STOCKHOLDERS-EQ> 2327
0
0
<LONG-TERM-DEBT-NET> 0
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 0
0
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 74
<TOT-CAPITALIZATION-AND-LIAB> 7101
<GROSS-OPERATING-REVENUE> 9428
<INCOME-TAX-EXPENSE> 0
<OTHER-OPERATING-EXPENSES> 3012
<TOTAL-OPERATING-EXPENSES> 9057
<OPERATING-INCOME-LOSS> 371
<OTHER-INCOME-NET> 56
<INCOME-BEFORE-INTEREST-EXPEN> 427
<TOTAL-INTEREST-EXPENSE> 280
<NET-INCOME> 147
0
<EARNINGS-AVAILABLE-FOR-COMM> 147
<COMMON-STOCK-DIVIDENDS> 0
<TOTAL-INTEREST-ON-BONDS> 0
<CASH-FLOW-OPERATIONS> (1468)
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
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