Document nkppN48NY4KMgQYOxG52mV9b6

company .'tame - AbLA. LUki' i\i.H New York, New York February 11, 1997 F-2 tiunguate: iJ/Si/iVVO PNEUMO ABEX CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (DOLLARS IN MILLIONS, EXCEPT SHARE DATA) ASSETS CURRENT ASSETS: Cash and cash equivalents.......... Trade accounts receivable, net Inventories .................................... Prepaid expenses and other.... Total current assets........................................................................................................................................ Property, plant and equipment, net......................................................................................................................... Pension asset............................................................................................................................................................................ Deferred tax asset................................................................................................................................................................ Intangibles and other assets........................................................................................................................................ TOTAL ASSETS.............................................................................................................................................................................. LIABILITIES & STOCKHOLDER'S EQUITY (DEFICIT) CURRENT LIABILITIES: Current portion of long-term debt.................................................................................................................. Foreign borrowings...................................................................................................................................................... Accounts payable........................................................................................................................................................... Accrued interest........................................................................................................................................................... Accrued compensation andbenefits.................................................................................................................... Income taxes payable................................................................................................................................................. Payable to parent......................................................................................................................................................... Accrued expenses and other........................................................................................................... ....................... Total current liabilities............................................................................................................................ Long-term debt......................................................................................................................................................................... Other liabilities.............................................................................................................................................................. Commitments and contingencies.............................................................................................. STOCKHOLDER'S EQUITY (DEFICIT): Common stock, par value $1.00 per share, 1,000 shares authorized, issued and outstanding................................................................................................................................... Additional paid-in-capital................................................................................................................................... Accumulated deficit.................................................................................................................................................... Currency translation adjustment....................................................................................................................... TOTAL STOCKHOLDER'S EQUITY (DEFICIT)..................................................................................................................... TOTAL LIABILITIES 6 STOCKHOLDER'S EQUITY (DEFICIT)................................................................................... See Notes to Consolidated Financial Statements F-3 DECEMBER 31, 1996 1995 3.5 11.3 46.3 2.2 63.3 10.4 14.1 34.8 4.0 $126.6 $ 8.5 10.4 45.5 3.5 67.9 10.6 1.0 5.8 $85.3 $ 5.2 1.3 3.1 1.4 7.1 4.7 22.8 91.9 6.9 $ 10.2 0.7 5.6 1.3 2.4 0.6 0.6 21.4 108.1 3.1 51.2 (47.41 1.2 5.0 $126.6 (49.2) 1.9 (47.3) $ 85.3 PNEUMO ABEX CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (DOLLARS IN MILLIONS) 1994 NET SALES.................................................................................................................................................... Cost of sales.......................................................................................................................................... 1996 YEAR ENDED DECEMBER 1995 1994 $103.4 57.4 $103.2 60.0 $95.6 57.4 Disclosure Page 27