APPENDIX B UNITED PUBLIC UTILITIES CORPORATION AND SUBSIDIARY COMPANIES Consolidated Balance Sheets --Per Books, Per Books Adjusted and Pro Forma November 30, 1947 NOTES: APPENDIX B--Continued a Reflecting following transactions: (1) Receipt by UPU of $100,073 representing common stock dividends declared by subsidiaries in December 1947. (2) Payment by UPU of $145,993 representing 6 months dividends on its preferred stocks, as declared on December 23, 1947, and paid on January 5, 1948. (3) Collection by UPU of all open accounts receivable from Ohio subsidiaries. (4) Sale by UPU of securities of its Ohio subsidiaries at the assumed date of March 1, 1948 for an amount of cash estimated at $8,111,000. bReflecting following transactions: (1) All transactions detailed in Note a above. (2) Redemption of preferred stocks at stated value of $34.00 per share plus arrearages. (3) Distribution of $5.00 to each share of common stock. APPENDIX C UNITED PUBLIC UTILITIES CORPORATION AND SUBSIDIARY COMPANIES Consolidated Income Statements--Per Books and Per Books Adjusted Twelve Months Ending November 30, 1947 a Reflecting the sale by UPU of securities of its Ohio subsidiaries. Dividend Accruals, Payments and Arrearages on Preferred Stocks January 1, 1935--November 30, 1947 Total arrearages--both series a Including payments made on Jan. 5, 1948. Corporate Earnings Coverage of Income Deductions and Preferred Requirements Calendar Years 1935-1946 and 12 Months Ended November 30, 1947 a Not reflecting deduction of $34, 109 in 1943, $27, 234 in 1944 and $167, 981 in 1945 of premium and expense on redemption of UPU's collateral trust bonds, which amounts UPU charged to its income accounts. () denotes negative figures. |