|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: SCI SYSTEMS INC, 10-K, 1994-09-28 |
Next: SPARTON CORP, 10-K, 1994-09-28 |
CERTIFICATE OF NOTIFICATION
filed by
THE SOUTHERN COMPANY
Pursuant to supplemental order of the Securities and Exchange
Commission dated October 25, 1987, in the matter of File No. 70-
6982.
- - - - - - - - - -
The Southern Company (Southern), pursuant to Rule 24,
hereby provides the following information as required by the
above-mentioned supplemental order:
(1) financial statements of Integrated Communication
Systems, Inc. (ICS), as furnished to Southern by
ICS (Reference is made to Exhibit A filed
herewith);
(2) number of shares outstanding of ICS common stock
at June 30, 1994 - 390,746 shares; number of ICS
shares owned by Southern - 130,381 shares;
percentage of ICS shares outstanding owned by
Southern - 33.37%; based on information provided
by American Electric Power, Inc. (AEP), the number
of ICS shares owned by AEP - 80,000 shares;
percentage of ICS shares outstanding owned by
AEP - 20.47%; and
(3) revenues of ICS by major segments, as furnished to
Southern by ICS (Reference is made to Exhibit A
filed herewith).
Filed herewith is the following exhibit:
Exhibit A - Financial statements of ICS at June
30, 1994, including revenues of ICS
by major segment.
SIGNATURE
Pursuant to the requirements of the Public Utility
Holding Company Act of 1935, the undersigned company has duly
caused this certificate to the signed on its behalf by the
undersigned thereunto duly authorized.
Dated: September 28, 1994 SOUTHERN COMPANY
By Tommy Chisholm
Tommy Chisholm
Secretary<PAGE>
EXHIBIT A
INTEGRATED COMMUNICATION SYSTEMS, INC. & SUBSIDIARIES
STATEMENT OF OPERATIONS AND RETAINED EARNINGS
FOR THE TWELVE MONTHS ENDED JUNE 30, 1994
(UNAUDITED)
EARNED REVENUE:
Energy Related:
Interest Earned $ 11,916
Miscellaneous Income 1,330
13,246
COST OF EARNED REVENUE:
General and Administrative $ 167,787
Marketing 117,733
Product Development 168,246
Cost of Sales 27,087
480,853
NET INCOME (LOSS) $(467,607)
RETAINED EARNINGS (DEFICIT) DECEMBER 31, 1993 $(10,377,786)
AUDIT ADJUSTMENTS $26,473
RETAINED EARNINGS (DEFICIT) DECEMBER 31, 1993 $(10,351,313)
RETAINED EARNINGS (DEFICIT) JUNE 30, 1994 $(10,818,920)
-1-<PAGE>
INTEGRATED COMMUNICATION SYSTEMS, INC. & SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
JUNE 30, 1994
(UNAUDITED)
ASSETS
CURRENT ASSETS:
Cash and short term investments $ 403,302
Accounts Receivable 2,552
Prepaid expenses and insurance 4,065
Deposits 501,897
Total Current Assets 921,816
EQUIPMENT, FURNITURE AND FIXTURES:
Equipment 26,265
Furniture and fixtures 31,219
Displays 32,069
89,553
Less: Accumulated Depreciation (63,197)
26,356
Total Assets $ 948,172
LIABILITIES AND STOCKHOLDERS' EQUITY DEFICIT
CURRENT LIABILITIES:
Wages payable $ (5,814)
Benefit allocation 19,701
Other current liabilities (92)
Customer deposits 1,070,000
Total current liabilities 1,083,795
STOCKHOLDERS' EQUITY (DEFICIT):
Common Stock $.10 par value;
authorized shares -- 1,000,000;
issued and outstanding shares --
390,746 in 1994 39,075
Additional paid-in capital 8,184,782
Common Stock rights outstanding --
176,597 shares in 1994 2,459,440
(10,351,313)
Net Income (Loss) (467,607)
Total stockholders'
equity (deficit) (135,623)
Total liabilities and
stockholders' equity (deficit) $ 948,172
-2- <PAGE>
|
|