EX-5 7 w62638exv5.txt FINANCIAL STATEMENTS Columbia Insurance Corporation, LTD Balance Sheet As of June 30, 2002 ($000) ASSETS Investment and other assets 11,349 ---------- Current Assets Cash and temporary cash investments 22,542 Accounts receivable, net Intercompany 4 Other 197 Prepayments 2,619 ---------- Total Current Assets 25,362 ---------- Deferred Charges 1,527 ---------- TOTAL ASSETS 38,237 ========== CAPITALIZATION AND LIABILITIES Capitalization Common Stock Equity Common stock 370 Additional paid-in capital 1,142 Unrealized gain/(loss) on investments 172 Retained earnings 4,102 ---------- Total Capitalization 5,787 ---------- Current Liabilities Accounts and drafts payable 77 Intercompany accounts payable - Accrued taxes 1,711 Other 516 ---------- Total Current Liabilities 2,303 ---------- Other Liabilities and Deferred Credits 30,148 ---------- TOTAL CAPITALIZATION AND LIABILITIES 38,237 ========== Columbia Insurance Corporation, LTD Income Statement Year-to-Date, June 30, 2002 ($000) Operating Revenues 3,855 Operating Expenses 4,361 ------------ Operating Income (506) ------------ Other Income (Deductions) Interest income and other, net 461 ------------ Total Other Income (Deductions) 461 ------------ Income Before Income Taxes (45) Income Taxes (16) ------------ Net Income (29) ============