EX-99.20 22 g78052exv99w20.txt GREAT PACIFIC NW CRUISE-MONTHLY OPERATING REPORT EXHIBIT 99.20 DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (JCA) MONTHLY OPERATING REPORT AS OF JULY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached July Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ STEVE MOELLER ---------------------- Steve Moeller Director, Accounting DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (JCA) MONTHLY OPERATING REPORT AS OF JULY 31, 2002 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to July Monthly Operating Report
Summary Of Bank, Investment & Petty Cash Accounts Attachment 1 Great Pacific NW Cruise Line, L.L.C. Summary Case No: 01-10977 (JCA) UNAUDITED Great Pacific NW Cruise Line, LLC For Month Of July, 2002 Balances --------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 7/01/02 As Of 7/31/02 Included Included Reconciled ------- ------------- ------------- -------- -------- ---------- Great Pacific NW Cruise Line 0.00 0.00 No - No - No - Payroll Account Account Account U.S. Bank Closed Closed Closed Account # - 153390417191 Great Pacific NW Cruise Line 0.00 0.00 No - No - No - Steamer Account Account Account U.S. Bank Closed Closed Closed Account # - 153390417191 Great Pacific NW Cruise Line 0.00 0.00 No - No - Not No - Columbia Queen Petty Cash No Activity Concentration No Activity Account
Receipts & Disbursements Attachment 2 Great Pacific NW Cruise Line, L.L.C. Summary Case No: 01-10977 (JCA) Great Pacific NW Cruise Line, LLC For Month Of July, 2002 Attach 2
No Receipts Or Disbursements Due To All Accounts Closed Concentration & Investment Account Statements Attachment 3 Great Pacific NW Cruise Line, L.L.C. Summary Case No: 01-10977 (JCA) Great Pacific NW Cruise Line, LLC For Month Of July, 2002 Attach 3
No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 14-AUG-02 16:55:03 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: JUL-02 currency USD Company=24 (COLUMBIA QUEEN)
PTD-Actual 31-Jul-02 ---------- Revenue Gross Revenue 0.00 Allowances 0.00 ---------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses (1,454.50) Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 8,779.63 ---------- Total Operating Expenses 7,325.13 ---------- Gross Profit (7,325.13) SG&A Expenses Sales & Marketing 0.00 Start-Up Costs 0.00 ---------- Total SG&A Expenses 0.00 ---------- EBITDA (7,325.13) Depreciation 0.00 ---------- Operating Income (7,325.13) Other Expense/(Income) Interest Income 0.00 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ---------- Total Other Expense/(Income) 0.00 ---------- Net Pretax Income/(Loss) (7,325.13) Income Tax Expense 0.00 ---------- Net Income/(Loss) (7,325.13) ==========
AMCV US SET OF BOOKS Date: 14-AUG-02 17:04:04 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: JUL-02 currency USD Company=24 (COLUMBIA QUEEN)
YTD-Actual YTD-Actual 31-Jul-02 22-Oct-02 ------------- ------------- ASSETS Cash and Equivalent 0.00 31,623.21 Restricted Cash 0.00 0.00 Accounts Receivable 0.00 11,425.61 Inventories 0.00 199,562.38 Prepaid Expenses 0.00 2,800.00 Other Current Assets 0.00 0.00 ------------- ------------- Total Current Assets 0.00 245,411.20 Fixed Assets 0.00 45,093,524.95 Accumulated Depreciation 0.00 (1,870,234.50) ------------- ------------- Net Fixed Assets 0.00 43,223,290.45 Net Goodwill 0.00 0.00 Intercompany Due To/From (10,107,149.00) (9,983,225.62) Net Deferred Financing Fees 0.00 2,545,011.02 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 12,000,000.00 0.00 ------------- ------------- Total Other Assets 1,892,851.00 (7,438,214.60) ------------- ------------- Total Assets 1,892,851.00 36,030,487.05 ============= =============
AMCV US SET OF BOOKS Date: 14-AUG-02 17:04:04 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: JUL-02 currency USD Company=24 (COLUMBIA QUEEN)
YTD-Actual YTD-Actual 31-Jul-02 22-Oct-02 ------------- ------------- LIABILITIES Accounts Payable 235.00 180.00 Accrued Liabilities 0.00 331,444.68 Deposits 0.00 0.00 ------------- ------------- Total Current Liabilities 235.00 331,624.68 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------- ------------- Total Liabilities 235.00 331,624.68 Liabilities Subject to Compromise 37,788,314.80 37,792,814.64 OWNER'S EQUITY Common Stock 0.00 0.00 Add'l Paid In Capital 0.00 0.00 Current Net Income (Loss) (33,710,792.99) 18,578.51 Retained Earnings (2,184,905.81) (2,112,530.78) ------------- ------------- Total Owner's Equity (35,895,698.80) (2,093,952.27) ------------- ------------- Total Liabilities & Equity 1,892,851.00 36,030,487.05 ============= =============
Great Pacific ATTACHMENT 6 01-10977 (JCA) NW Cruise Line, LLC Summary List of Due To/Due From Accounts For the Month Ended July 31, 2002
BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 15,472,854.20 -- -- 15,472,854.20 AMCV Cruise Operations, Inc. 01-10967 (9,433,330.28) -- 446.30 (9,433,776.58) The Delta Queen Steamboat Co. 01-10970 8,418,523.91 1,454.50 8,333.33 8,411,645.08 DQSB II, Inc. 01-10974 (339.49) -- -- (339.49) Great AQ Steamboat, L.L.C 01-10960 (5,552.79) -- -- (5,552.79) Great River Cruise Line, L.L.C 01-10963 (4,812.08) -- -- (4,812.08) Great Ocean Cruise Line, L.L.C 01-10959 (10,219.55) -- -- (10,219.55) Cruise America Travel, Incorporated 01-10966 (674,733.24) -- -- (674,733.24) Delta Queen Coastal Voyages, L.L.C 01-10964 118,887.26 -- -- 118,887.26 Cape May Light, L.L.C 01-10961 5,380.67 -- -- 5,380.67 Project America, Inc. N/A (27,500.00) -- -- (27,500.00) Oceanic Ship Co. N/A 1,701.33 -- -- 1,701.33 Project America Ship I, Inc. N/A 291,567.65 -- -- 291,567.65 Ocean Development Co. 01-10972 (24,185,738.20) -- -- (24,185,738.20) Great Hawaiian Properties Corporation 01-10971 (66,513.26) -- -- (66,513.26) ---------------------------------------------------------------- (10,099,823.87) 1,454.50 8,779.63 (10,107,149.00) ================================================================
Great Pacific NW Cruise Line, L.L.C. 01-10977 (JCA) Accounts Receivable Aging As of July 31, 2002 Attachment 7 Not Applicable COLUMBIA QUEEN AP-STEAMER CHECKS 24-000-221300-00000 JULY-02 OUTSTANDING CHECKS: 1566 K Tinnin (American Express) 180.00 1611 Charles Saporiti 55.00 ------ TOTAL PER G/L: 235.00 ======
ATTACHMENT # 8 DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF JULY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JULY MONTHLY OPERATING REPORT The information contained herein is unaudited. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid.