ANC Rental (ANCQ) 8-K Financial statements and exhibits

Exhibit 99.1

ANC Rental Corporation, et al. Case Number 01-11200 Substantively Consolidated
COMBINED SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS — SUBSTITUTE MOR-1
For the Period June 1, 2004 to June 30, 2004

	Current Period			Activity - Filing
	Activity			Period to Date
	Actual			Actual
Cash — Beginning of Period	$	13,590,119		$	101,226,814
Receipts:
Credit Card and Local Deposits	$	—		$	3,783,977,111
Collections of Accounts Receivable		31,484			1,129,305,949
Other Receipts — See Note 5 Below		218,397			1,134,058,213
Total Receipts	$	249,881		$	6,047,341,273
Disbursements:
US Trustee Fees Paid		—			656,250
4            Fleet Operating Expenses		—			312,469,217
5a          Personnel — Net Cash Payroll		—			470,673,178
5b          Personnel — Payroll Taxes Paid		—			177,255,692
5c          Personnel — Benefits Payments		—			140,980,642
5d          Personnel — Payments of Garnishments Withheld		—			3,982,091
6            Travel Expenses Paid		—			9,755,142
7            Fuel Payments For Rental Fleet		—			88,990,045
8            Airport — Agency — Concession Fees Paid		—			375,635,115
9            Insurance Payments All		—			215,564,562
11            Facility and Other Fixed Operating Expenses Paid		—			375,115,781
13            Travel Agency Tour Operator Commission Payments		—			158,023,825
14            Advertising Payments		—			106,395,931
15            IT Consulting Payments		—			111,295,973
16            IT Other Cash Payments		—			39,361,917
17            Sales Taxes and Other Taxes Paid		1,141,549			452,294,588
18            Professional Fees Paid — Ordinary Course		—			28,465,108
19            Professional Fees Paid — Bankruptcy Professionals		76,650			49,727,458
20            Other Miscellaneous Operating Expenses Paid		7,651			191,019,458
23            Capital Expenditures		—			31,422,159
24            Interest and Financing Fees Paid		—			58,831,871
25            Vehicle Holding Costs Paid		—			1,796,983,772
25.1            Fleet Purchase Payments and Financing Enhancements		—			626,101,604
26            Working Capital Fundings to Subsidiaries		—			4,000,000
Cash Purchased by Vanguard at Closing		—			94,153,390
Loan Repayment to Congress and LOC Collateralization		—			55,117,839
Payoff Lehman Supplemental Facility		—			40,000,000
Partial Payment to Lehman — Bridge Loan Facility		—			121,681,330
Total Disbursements	$	1,225,850		$	6,135,953,937
Net Cash Flow		(975,969	)		(88,612,664	)
Cash at End of Period	$	12,614,150		$	12,614,150

Note 1	All Operations effectively in Vanguard’s control as of 10/01/03 — Sale to Vanguard closed 10/14/03.
Note 2	“Projected” amounts no longer valid as no cash budget prepared for post-sale liquidation.
Note 3	Effective July 2002, category 12 “Other” has been combined with Category 20 “Other”
Note 4	Effective August 2002, all Insurance payments combined in item 9 “Insurance All”
Note 5	Other receipts for this reporting period consist primarily of tax refunds.

ANC Rental Corporation, et al.,
Case Number 01-11200 Substantively ConsolidatedBalance Sheet
June 30, 2004

ASSETS
Current Assets
Cash—Investments and Other Cash in Bank	$	1,333,981
Cash — ANC Primary Disbursement		292
Total Unrestricted Cash					1,334,273
Restricted Cash — Professional Fee Escrow		5,583,078
California DMV Restricted Cash		38,067
Restricted Cash — Tax Escrow		5,658,732
Total Restricted Cash					11,279,877
Accounts Receivable Other		119,020
Corporate Accounts		3,640,625
Collission Damage Recovery A/R		2,873,499
Collision Damage Recovery Reserve		(2,873,499	)
Provision — Trade A/R		(3,640,625	)
Total Accounts Receivable — Net of Allowances					119,020
Total Current Assets					12,733,170
Other Assets
Deposits — Insurance Collateralization		58,215
Total Other Assets					58,215
Total Assets				$	12,791,385
LIABILITIES AND CAPITAL
Administrative Liabilities: (Note 1)
Accounts Payable — A/P System	$	4,794,875
Administrative Claim — Legal and Professional Fee Holdback 20%		—
Accrued Interest On 3rd Party Debt		6,500,000
Reserve for Other Administrative Claims		825,000
Estimated Administrative and Professional Fee Reserves					12,119,875
Secured Liabilities:
Accrued Ad-Valorem Tax Reserve					5,893,951
Priority Liabilities:
Accrued Prepetition Personal Property Taxes					2,264,409
Other Priority Creditor Accruals					444,127
General Unsecured Liabilities:
Reserves for General Unsecured Claims					459,825,725
Total Liabilities					480,548,087
Total Capital					(467,756,702	)
Total Liabilities & Capital				$	12,791,385

Note 1:	Total administrative claims submitted by creditors exceed $18.0 million. Debtors are disputing balances not accrued above. Accruals will be made and reported as required under APB5 as claims are resolved.
Note 2:	Administrative AP Reflects Final Professional Fees incurred prior to June 30, 2004 and approved by the Court July 8, 2004

ANC Rental Corporation, et al.,
Case Number 01-11200 Substantively Consolidated
Statement of Operations
June 30, 2004

	For the one			For the six
	month ended			month ended
	6/30/04			6/30/04
Revenues
Oth Inc/Exp (Admin Only)	$	—		$	830,851
Total Revenues	$	—		$	830,851
Cost of Sales		—			—
Total Cost of Sales		—			—
Gross Profit		—			830,851
Expenses Citations		(1,639	)		(2,568	)
Turnback Expense Charges		—			356
Damage Repair—Collections		(22,081	)		(85,046	)
Unemployment Taxes—State		—			258
P/R Taxes—Other		—			3,250
Bank Service Charges		1,640			15,428
Consulting Fees		270,894			1,153,594
Acctg/Audit Fees		2,894			3,236
Legal Fees		245,699			1,789,550
Data Processing Services		7,855			41,794
Printed Forms/Stationery		—			276
Rent Expense		—			3,750
Utilities		—			(754	)
Telephone/Communications		—			(482	)
Personal Property Taxes		(11,128	)		(676,617	)
Non-Property Taxes		(166,282	)		(135,402	)
Environmental Costs		—			(8,782	)
Misc Other Expense (Operating)		1,690			(13,670	)
Interest Exp—Other Notes		235,500			235,500
Total Expenses		565,042			2,323,672
Net Income	$	(565,042	)	$	(1,492,821	)