|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: RPS REALTY TRUST, DEFA14A, 1994-05-18 |
Next: DREYFUS MUNICIPAL CASH MANAGEMENT PLUS, 497, 1994-05-18 |
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 statements of cash flows, the income
statements and the balance sheets of the EUA Nova division of EUA
Cogenex Corporation for the quarters ended March 31, 1993, June 30,
1993, September 30, 1993, December 31, 1994, and March31, 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: May 18, 1994
EUA NOVA
BALANCE SHEET
($ IN THOUSANDS)
Quarter Ended
March 31,
ASSETS 1993
Current assets:
Cash and cash equivalents 95
Customer accounts receivable, net of
allowance for doubtful accounts 2,856
Other accounts receivable 0
Notes receivable 0
Net investment in sales-type leases 0
Inventories 1,213
Prepayments and other current assets 52
Total current assets 4,216
Property and equipment 992
Less: accumulated depreciation (624)
Net property and equipment 368
Other non current assets:
Notes receivable 0
Net investment in sales-type leases 0
Contract rights 0
Intangible assets 0
Invest in subsidiary companies 0
Miscellaneous non current assets 0
Total other non current assets 0
Total assets 4,584
LIABILITIES
Current liabilities:
Notes payable 744
Accounts payable - trade 1,460
- associated companies
- other
Accrued interest 0
Accrued taxes 57
Miscellaneous current liabilities 120
Total current liabilities 2,381
Long-term liabilities:
Long-term debt 256
Deferred credits 0
Accumulated deferred income taxes 0
Total long-term liabilities 256
Minority interests 0
Stockholder's equity:
Paid in capital 2
Retained Earnings 1,945
Total stockholder's equity 1,947
Total liabilities and equity 4,584
EUA NOVA
INCOME STATEMENT
Three Months Ended
March 31, 1993
Operating Revenues $ 2,831
Cost of Goods Sold 1,715
Gross Profit 1,116
Operating Expenses 930
Income from Operations 186
Other Income 19
Interest Expense:
Other Interest 2
Total Interest Expense 2
Net Income $ 203
EUA NOVA
STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 1993
(in thousands)
Cash flow from operating activities:
Net income $203
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 45
Changes in operating assets and liablilties (262)
Net cash used in operating activities (14)
Cash flow from investing activities:
Construction expenditures (13)
Net cash used in investing activities (13)
Cash flow from financing activities:
Net increase in short-term debt 115
Net cash provided from financing activities 115
Net increase in cash and cash equivalents 88
Cash and cash equivalents at beginning of year 7
Cash and cash equivalents at end of year $95
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest, net of amounts capitalized $0
EUA NOVA
BALANCE SHEET
($ IN THOUSANDS)
Quarter Ended
June 30,
ASSETS 1993
Current assets:
Cash and cash equivalents 72
Customer accounts receivable, net of
allowance for doubtful accounts 3,640
Other accounts receivable 0
Notes receivable 0
Net investment in sales-type leases 0
Inventories 1,180
Prepayments and other current assets 27
Total current assets 4,919
Property and equipment 1,082
Less: accumulated depreciation (673)
Net property and equipment 409
Other non current assets:
Notes receivable 0
Net investment in sales-type leases 0
Contract rights 0
Intangible assets 0
Invest in subsidiary companies 0
Miscellaneous non current assets 0
Total other non current assets 0
Total assets 5,328
LIABILITIES
Current liabilities:
Notes payable 1,133
Accounts payable - trade 1,533
- associated companies
- other
Accrued interest 0
Accrued taxes 60
Miscellaneous current liabilities 179
Total current liabilities 2,905
Long-term liabilities:
Long-term debt 256
Deferred credits 0
Accumulated deferred income taxes 0
Total long-term liabilities 256
Minority interests 0
Stockholder's equity:
Paid in capital 2
Retained Earnings 2,165
Total stockholder's equity 2,167
Total liabilities and equity 5,328
EUA NOVA
INCOME STATEMENT
Six Months Ended
June 30, 1993
Operating Revenues $ 6,703
Cost of Goods Sold 4,142
Gross Profit 2,561
Operating Expenses 2,023
Income from Operations 538
Other Income 51
Interest Expense:
Interest Debt-Assoc.Cos. 161
Other Interest 5
Total Interest Expense 166
Net Income $ 423
EUA NOVA
STATEMENT OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 1993
(in thousands)
Cash flow from operating activities:
Net income $423
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 94
Changes in operating assets and liablilties (853)
Net cash used in operating activities (336)
Cash flow from investing activities:
Construction expenditures (103)
Net cash used in investing activities (103)
Cash flow from financing activities:
Net increase in short-term debt 504
Net cash provided from financing activities 504
Net increase in cash and cash equivalents 65
Cash and cash equivalents at beginning of year 7
Cash and cash equivalents at end of year $72
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest, net of amounts capitalized $0
EUA NOVA
BALANCE SHEET
($ IN THOUSANDS)
Quarter Ended
September 30,
ASSETS 1993
Current assets:
Cash and cash equivalents 12
Customer accounts receivable, net of
allowance for doubtful accounts 3,477
Other accounts receivable 27
Notes receivable 0
Net investment in sales-type leases 0
Inventories 1,354
Prepayments and other current assets 2
Total current assets 4,872
Property and equipment 1,188
Less: accumulated depreciation (708)
Net property and equipment 480
Other non current assets:
Notes receivable 0
Net investment in sales-type leases 0
Contract rights 0
Intangible assets 3,650
Invest in subsidiary companies 0
Miscellaneous non current assets 0
Total other non current assets 3,650
Total assets 9,002
LIABILITIES
Current liabilities:
Notes payable 1,330
Accounts payable - trade 1,067
- associated companies
- other
Accrued interest 250
Accrued taxes 88
Miscellaneous current liabilities 262
Total current liabilities 2,997
Long-term liabilities:
Long-term debt 3,749
Deferred credits 0
Accumulated deferred income taxes 0
Total long-term liabilities 3,749
Minority interests 0
Stockholder's equity:
Paid in capital 2
Retained Earnings 2,254
Total stockholder's equity 2,256
Total liabilities and equity 9,002
EUA NOVA
INCOME STATEMENT
Nine Months Ended
September 30, 1993
Operating Revenues $10,132
Cost of Goods Sold 6,240
Gross Profit 3,892
Operating Expenses 3,134
Income from Operations 758
Other Income 95
Interest Expense:
Interest Debt-Assoc.Cos. 246
Other Interest 13
Total Interest Expense 259
Net Income $ 594
EUA NOVA
STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1993
(in thousands)
Cash flow from operating activities:
Net income $594
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 199
Other - net (3,802)
Changes in operating assets and liablilties (971)
Net cash used in operating activities (3,980)
Cash flow from investing activities:
Construction expenditures (209)
Net cash used in investing activities (209)
Cash flow from financing activities:
Net increase in short-term debt 4,194
Net cash provided from financing activities 4,194
Net increase in cash and cash equivalents 5
Cash and cash equivalents at beginning of year 7
Cash and cash equivalents at end of year $12
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest, net of amounts capitalized $0
EUA NOVA
BALANCE SHEET
($ IN THOUSANDS)
Quarter Ended
December 31,
ASSETS 1993
Current assets:
Cash and cash equivalents 265
Customer accounts receivable, net of
allowance for doubtful accounts 3,304
Other accounts receivable 149
Notes receivable 0
Net investment in sales-type leases 0
Inventories 1,006
Prepayments and other current assets 19
Total current assets 4,743
Property and equipment 1,271
Less: accumulated depreciation (628)
Net property and equipment 643
Other non current assets:
Notes receivable 0
Net investment in sales-type leases 0
Contract rights 0
Intangible assets (93)
Invest in subsidiary companies 0
Miscellaneous non current assets 3
Total other non current assets (90)
Total assets 5,296
EUA NOVA
BALANCE SHEET
($ IN THOUSANDS)
Quarter Ended
December 31,
LIABILITIES 1993
Current liabilities:
Notes payable 1,542
Accounts payable - trade 319
- associated companies 80
- other 630
Accrued interest 339
Accrued taxes 107
Miscellaneous current liabilities 100
Total current liabilities 3,117
Long-term liabilities:
Long-term debt 0
Deferred credits 0
Accumulated deferred income taxes 0
Total long-term liabilities 0
Minority interests 0
Stockholder's equity:
Paid in capital 0
Retained Earnings 2,179
Total stockholder's equity 2,179
Total liabilities and equity 5,296
EUA NOVA
INCOME STATEMENT
Twelve Months Ended
December 31, 1993
Operating Revenues $13,997
Cost of Goods Sold 8,911
Gross Profit 5,086
Operating Expenses 4,381
Income from Operations 705
Other Income 78
Interest Expense:
Interest Debt-Assoc.Cos. 331
Other Interest 16
Total Interest Expense 347
Net Income $ 436
EUA NOVA
STATEMENT OF CASH FLOWS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1993
(in thousands)
Cash flow from operating activities:
Net income $436
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 174
Other - net (36)
Changes in operating assets and liablilties (681)
Net cash used in operating activities (107)
Cash flow from investing activities:
Construction expenditures (292)
Net cash used in investing activities (292)
Cash flow from financing activities:
Net increase in short-term debt 657
Net cash provided from financing activities 657
Net increase in cash and cash equivalents 258
Cash and cash equivalents at beginning of year 7
Cash and cash equivalents at end of year $265
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest, net of amounts capitalized $0
EUA NOVA
BALANCE SHEET
($ IN THOUSANDS)
Quarter Ended
March 31,
ASSETS 1994
Current assets:
Cash and cash equivalents 26
Customer accounts receivable, net of
allowance for doubtful accounts 2,619
Other accounts receivable 245
Notes receivable 0
Net investment in sales-type leases 0
Inventories 986
Prepayments and other current assets 40
Total current assets 3,916
Property and equipment 1,277
Less: accumulated depreciation (673)
Net property and equipment 604
Other non current assets:
Notes receivable 0
Net investment in sales-type leases 0
Contract rights 0
Intangible assets (116)
Invest in subsidiary companies 0
Miscellaneous non current assets 3
Total other non current assets (113)
Total assets 4,407
EUA NOVA
BALANCE SHEET
($ IN THOUSANDS)
Quarter Ended
March 31,
LIABILITIES 1994
Current liabilities:
Notes payable 1,250
Accounts payable - trade 277
- associated companies 79
- other 360
Accrued interest 397
Accrued taxes 115
Miscellaneous current liabilities 95
Total current liabilities 2,573
Long-term liabilities:
Long-term debt 0
Deferred credits 25
Accumulated deferred income taxes 0
Total long-term liabilities 25
Minority interests 0
Stockholder's equity:
Paid in capital 0
Retained Earnings 1,809
Total stockholder's equity 1,809
Total liabilities and equity 4,407
EUA NOVA
INCOME STATEMENT
Three Months Ended
March 31, 1994
Operating Revenues $2,058
Cost of Goods Sold 1,384
Gross Profit 674
Operating Expenses 964
Income from Operations (290)
Other Income 8
Interest Expense:
Interest Debt-Assoc.Cos. 88
Other Interest
Total Interest Expense 88
Net Income ($370)
EUA NOVA
STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 1994
Cash flow from operating activities:
Net loss ($370)
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 63
Other - net 30
Changes in operating assets and liablilties 336
Net cash provided from operating activities 59
Cash flow from investing activities:
Construction expenditures (6)
Net cash used in investing activities (6)
Cash flow from financing activities:
Net decrease in short-term debt (292)
Net cash used in financing activities (292)
Net decrease in cash and cash equivalents (239)
Cash and cash equivalents at beginning of year 265
Cash and cash equivalents at end of year $26
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest, net of amounts capitalized $0
|
|