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Previous: SOUTHERN CO, 35-CERT, 1995-08-14 |
Next: SOUTHERN INDIANA GAS & ELECTRIC CO, 10-Q, 1995-08-14 |
CERTIFICATE OF NOTIFICATION
filed by
SOUTHERN COMMUNICATIONS SERVICES, INC.
Pursuant to order of the Securities and Exchange Commission dated December 30,
1994, in the matter of File No. 70-8233.
--------------------------
Southern Communications Services, Inc. (Southern Communications), pursuant to
Rule 24, hereby provides the following information as required by the
above-mentioned order:
Requested Response to IV. 1:
a. A copy of Southern Communications' balance sheet, income statement and
statement of cash flow.
<TABLE>
<CAPTION>
SOUTHERN COMMUNICATIONS
BALANCE SHEET
JUNE 30, 1995
(Unaudited)
ASSETS
<S> <C>
Current Assets:
Cash $ 23,999
Accounts Receivable
Affiliate 3,560,329
Other 31,212
Prepayments 8,620,566
Materials & Supplies 314,666
Total Current Assets 12,550,772
Property & Equipment
Office Furniture, Fixtures, net 474,718
Construction Work in Progress 38,568,573
Frequencies 2,766,605
Organization costs 229,177
--------------
Total Property & Equipment 42,039,073
TOTAL ASSETS $54,589,845
CAPITALIZATION AND LIABILITIES
LIABILITIES
Current Liabilities:
Accounts Payable
Affiliate $ 7,219,317
Other 728,032
Miscellaneous 489,419
------------
Total Current Liabilities 8,436,768
Deferred Credits & Other Liabilities:
Post Retirement 196,540
Miscellaneous 5,503
Total Deferred Credits & Other Liabilities 202,043
CAPITALIZATION
Common Stock 500
Additional Paid in Capital 50,823,928
Retained Earnings (4,873,394)
------------
Total Capitalization 45,951,034
TOTAL CAPITALIZATION AND LIABILITIES $54,589,845
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SOUTHERN COMMUNICATIONS
INCOME STATEMENT
YEAR-TO-DATE, JUNE 1995
(Unaudited)
<S> <C>
REVENUES:
Affiliate $ 0
External 0
Interest Revenue 2,917
-------------
Total Revenues 2,917
EXPENSES:
Salaries 1,287,102
Rent 202,181
Depreciation 46,338
Travel 277,565
Legal 1,053,103
Affiliate Companies
Southern Company Services 2,851,735
Georgia Power 306,270
Alabama Power 270,114
Gulf Power 274,490
Mississippi Power 62,961
Other 1,556,896
Total Expense 8,188,755
NET INCOME BEFORE TAXES (8,185,838)
TAXES 3,312,444
NET INCOME AFTER TAXES $(4,873,394)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SOUTHERN COMMUNICATIONS
CONSOLIDATED STATEMENT OF CASH FLOWS
SIX MONTHS ENDING JUNE 30, 1995
(Unaudited)
<S> <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss $ (4,873,394)
-------------
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation/Amortization 46,338
Changes in operating assets and liabilities:
Accounts Receivable (3,591,541)
Deferred Income Taxes and Other Deferred Assets (68,789)
Prepaids and Other Current Assets (13,639)
Accounts Payable and Other Accrued Liabilities (4,770,421)
-------------
Total Adjustments (8,398,052)
Net Cash Used in Operating Activities (13,271,446)
------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Project Investment (33,917,048)
Purchase of Other Property and Equipment (792,059)
(34,709,107)
CASH FLOWS FROM FINANCING ACTIVITIES:
Additional Capital Contributions* 46,754,052
INCREASE (DECREASE) IN CASH & TEMPORARY INVESTMENTS (1,226,501)
-------------
CASH AND TEMPORARY INVESTMENTS AT 1/1/95 1,250,500
------------
CASH AND TEMPORARY INVESTMENTS AT 6/30/95 $ 23,999
=============
*Does not include capital contribution of $ 4,069,875 made 12/31/94.
</TABLE>
b. A schedule of reported revenues and expenses. Revenues will be
identified by source, i.e., affiliated and non-affiliated. Expenses
will be classified as relating specifically to either affiliated or
non-alliliated customers, or common costs. Expenses believed to be
associated with a feature, service or facility which is unique to a
specific class of customers will be classified as relating specifically
to that class of customers.
Southern Communication did not have any revenues in the first six
months of 1995.
Requested Response to IV. 3:
a. A statement of revenues, distinguishing and setting forth
non-associate revenues and revenues derived from each associate
company.
Southern Communications did not have any revenues in the second quarter
of 1995.
b. The price charged to associates for each type of service rendered to
associates.
N/A, See (a) above.
c. A statement as to whether the prices charged to associates were
based upon market or cost.
N/A, See(a) above.
d. An explanation of how the market or cost pricing utilized was derived.
N/A, See (a) above.
Requested Response to IV. 4:
a. The actual calculation used to calculate costs;
Southern Communications is currently not in commercial operations.
b. An explanation of how costs were allocated;
Southern Communications is currently not in commercial operations.
c. A description of the rationale and methodology employed in determining
allocations of cost;
Southern Communications is currently not in commercial operations.
d. A categorical (associate vs. non-associate) analysis of corporate costs
(1) depreciation, (2) outside services, (3) labor costs, (4)
administrative and general expenses, (5) cost of capital, (6) costs of
goods and materials, and (7) other costs, including an analysis of
direct costs and common costs; and
Southern Communications is currently not in commercial operations.
e. An analysis of cost versus market pricing, comparing market pricing for
associates to system-wide costs for associates and showing the basis
for allocations to the associates. The foregoing information may be
included in the report furnished pursuant to 1(b) above.
Southern Communications is currently not in commercial operations.
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 August 14, 1995 SOUTHERN COMMUNICATIONS SERVICES, INC.
By /s/ Tommy Chisholm
Tommy Chisholm
Secretary
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