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Entech MOR

UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re: Entech, LLC	Case No.	03-11917 (KJC)
	Reporting Period:	June 20, 2003 - July 31, 2003
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month
Submit copy of report to any official committee appointed in the case.
		Document	Explanation
REQUIRED DOCUMENTS	Form No.	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	X
Bank Reconciliation (or copies of debtor's bank reconciliations)	MOR-1 (CON'T)	X
Copies of bank statements
Cash disbursements journals
Statement of Operations	MOR-2	X
Balance Sheet	MOR-3	X
Status of Postpetition Taxes	MOR-4	X
Copies of IRS Form 6123 or payment receipt
Copies of tax returns filed during reporting period
Summary of Unpaid Postpetition Debts	MOR-4	X
Listing of aged accounts payable
Accounts Receivable Reconciliation and Aging	MOR-5	X
Debtor Questionnaire	MOR-5	X
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents
are true and correct to the best of my knowledge and belief.
_______________________________________
Signature of Debtor	Date
_______________________________________
Signature of Joint Debtor	Date
/s/ J. P. Pederson	August 27, 2003
Signature of Authorized Individual*	Date
J. P. Pederson	Vice Chairman and CFO
Printed Name of Authorized Individual	Title of Authorized Individual
*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor
is a partnership; a manager or member if debtor is a limited liability company.
			FORM MOR
			(9/99)
In re: ENTECH, LLC							Case No. 03-11917 (KJC)
Debtor							Reporting Period: 06/19/03 thru 07/31/03
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the
first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column must
equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIAL
REPORT (FORM IR-1) . Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal
must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]
	BANK ACCOUNTS					CURRENT MONTH			CUMULATIVE FILING TO DATE
	General					ACTUAL	PROJECTED		ACTUAL	PROJECTED
CASH BEGINNING OF MONTH	0.00					0.00			0.00
RECEIPTS
CASH SALES
ACCOUNTS RECEIVABLE
LOANS AND ADVANCES
SALE OF ASSETS
OTHER (ATTACH LIST)
TRANSFERS (FROM DIP ACCTS)
TRANSER FROM GENERAL
TOTAL RECEIPTS	0	0				0			0
DISBURSEMENTS
NET PAYROLL
PAYROLL TAXES
SALES, USE, & OTHER TAXES
INVENTORY PURCHASES
SECURED/ RENTAL/ LEASES
INSURANCE
ADMINISTRATIVE
SELLING
OTHER (ATTACH LIST)
REC ITEMS SUB ACCOUNTS
OWNER DRAW *
TRANSFERS (TO DIP ACCTS)
PROFESSIONAL FEES
U.S. TRUSTEE QUARTERLY FEES
COURT COSTS
TOTAL DISBURSEMENTS	0	0				0			0
NET CASH FLOW	0	0				0			0
(RECEIPTS LESS DISBURSEMENTS)
CASH - END OF MONTH	0.00	0.00				0.00			0.00
* COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
THE FOLLOWING SECTION MUST BE COMPLETED
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS										0
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS										$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)										$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES										0
										FORM MOR-1
										(9/99)
In re: ENTECH, LLC						Case No. 03-11917 (KJC)
Debtor						Reporting Period:06/20/03 thru 07/31/03
BANK RECONCILIATIONS
Continuation Sheet for MOR-1
A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page.
		General				Tax		Other
		#1562 1085 1093				#		#
BALANCE PER BOOKS		0.00
BANK BALANCE		0.00
(+) DEPOSITS IN TRANSIT (ATTACH LIST)		0.00
(-) OUTSTANDING CHECKS (ATTACH LIST)		0.00
OTHER (REC ITEM SUB ACCTS)		0.00
ADJUSTED BANK BALANCE *		0.00
* Adjusted bank balance must equal
balance per books
DEPOSITS IN TRANSIT		Date	Amount	Date	Amount	Date	Amount	Date	Amount
CHECKS OUTSTANDING		Ck. #	Amount	Ch. #	Amount	Ck. #	Amount	Ck. #	Amount
OTHER
									FORM MOR-1 (CON'T)
									(9/99)
In re: Entech, LLC	Case No.	03-11917 (KJC)
	Reporting Period.:	June 20, 2003 - July 31, 2003
STATEMENT OF OPERATIONS
(Income Statement)
The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is
realized and expenses when they are incurred, regardless of when cash is actually received or paid.
		Cumulative
REVENUES	Month	Filing to Date
Gross Revenues	$	$
Less: Returns and Allowances
Net Revenue	0	0
COST OF GOODS SOLD
Beginning Inventory
Add: Purchases
Add: Cost of Labor
Add: Other Costs (attach schedule)
Less: Ending Inventory
Cost of Goods Sold
Gross Profit
OPERATING EXPENSES
Advertising
Auto and Truck Expense
Bad Debts
Contributions
Employee Benefits Programs	50,739.01	50,739.01
Insider Compensation*
Insurance
Management Fees/Bonuses
Office Expense
Pension & Profit-Sharing Plans
Repairs and Maintenance
Rent and Lease Expense
Salaries/Commissions/Fees
Supplies
Taxes - Payroll
Taxes - Real Estate
Taxes - Other
Travel and Entertainment
Utilities
Other (attach schedule)
Total Operating Expenses Before Depreciation	50,739.01	50,739.01
Depreciation/Depletion/Amortization
Net Profit (Loss) Before Other Income & Expenses	-50,739.01	-50,739.01
OTHER INCOME AND EXPENSES
Other Income (attach schedule)
Interest Expense
Other Expense (attach schedule)
Net Profit (Loss) Before Reorganization Items	-50,739.01	-50,739.01
REORGANIZATION ITEMS
Professional Fees
U. S. Trustee Quarterly Fees (a)
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
Gain (Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Total Reorganization Expenses
Income Taxes
Net Profit (Loss)	-50,739.01	-50,739.01
*"Insider" is defined in 11 U.S.C. Section 101(31).
		FORM MOR-2
		(9/99)
In re: Entech, LLC		Case No.	03-11917 (KJC)
		Reporting Period:	June 20, 2003 - July 31, 2003
STATEMENT OF OPERATIONS - continuation sheet
			Cumulative
BREAKDOWN OF "OTHER" CATEGORY		Month	Filing to Date
Other Costs
Other Operational Expenses
Other Income
Other Expenses
Other Reorganization Expenses
Reorganization Items - Interest Earned on Accumulated Cash from Chapter 11:
Interest earned on cash accumulated during the chapter 11 case, which would not have been earned but for the
bankruptcy proceeding, should be reported as a reorganization item.
			FORM MOR-2 (CON'T)
			(9/99)
In re : Entech, LLC.		Case No. 03-11917 (KJC)
Debtor		Reporting Period: July 31, 2003
BALANCE SHEET
The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
	BOOK VALUE AT END OF	BOOK VALUE ON
ASSETS	CURRENT REPORTING MONTH	PETITION DATE
CURRENT ASSETS
Unrestricted Cash and Equivalents(b)	0.00	0.00
Restricted Cash and Cash Equivalents (see continuation sheet)	0.00	0.00
Accounts Receivable (Net)(d)	6,612,692.54	6,612,692.54
Accounts Receivable - Intercompany	147,898,958.50	147,898,958.50
Notes Receivable	14,156.31	14,156.31
Inventories	0.00	0.00
Prepaid Expenses	0.00	0.00
Professional Retainers	0.00	0.00
Other Current Assets (attach schedule)	0.00	0.00
TOTAL CURRENT ASSETS	154,525,807.35	$154,525,807.35
PROPERTY AND EQUIPMENT
Real Property and Improvements	0.00	0.00
Machinery and Equipment	0.00	0.00
Furniture, Fixtures and Office Equipment	0.00	0.00
Leasehold Improvements	0.00	0.00
Vehicles	0.00	0.00
Less Accumulated Depreciation	0.00	0.00
TOTAL PROPERTY & EQUIPMENT	0.00	$0.00
OTHER ASSETS
Loans to Insiders*	0.00	0.00
Other Assets (Value of insurance policies)(c)	7,868,579.98	7,868,579.98
TOTAL OTHER ASSETS	7,868,579.98	$7,868,579.98
TOTAL ASSETS	162,394,387.33	$162,394,387.33
	BOOK VALUE AT END OF	BOOK VALUE ON
LIABILITIES AND OWNER EQUITY	CURRENT REPORTING MONTH	PETITION DATE
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
Accounts Payable	0.00	0.00
Accounts Payable - Intercompany	4,770.18
Taxes Payable (refer to FORM MOR-4)	0.00	0.00
Wages Payable	0.00	0.00
Notes Payable	0.00	0.00
Rent / Leases - Building/Equipment	0.00	0.00
Secured Debt / Adequate Protection Payments	0.00	0.00
Professional Fees	0.00	0.00
Amounts Due to Insiders*	0.00	0.00
Other Postpetition Liabilities (attach schedule)	45,968.83	0.00
TOTAL POSTPETITION LIABILITIES	50,739.01	$0.00
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
Secured Debt	0.00	0.00
Priority Debt	0.00	0.00
Uncleared Checks(a)	12,501.44	12,501.44
Unsecured Debt - intercompany	12,521,229.10	12,521,229.10
Unsecured Debt - priority claims	1,958,952.25	1,958,952.25
Unsecured Debt - nonpriority - non qualified retirement plan	5,833,058.00	5,833,058.00
Unsecured Debt - nonpriority - income taxes payable(e)	7,902,538.24	7,902,538.24
Unsecured Debt - nonpriority - divestiture expenses and other	11,632,443.54	11,632,443.54
TOTAL PRE-PETITION LIABILITIES	$39,860,722.57	$39,860,722.57
TOTAL LIABILITIES	$39,911,461.58	$39,860,722.57
OWNER EQUITY
Capital Stock	500.00	500.00
Additional Paid-In Capital	130,081,009.26	130,081,009.26
Partners' Capital Account		0.00
Owner's Equity Account		0.00
Retained Earnings - Pre-Petition	-7,547,844.42	-7,547,844.42
Retained Earnings - Postpetition	-50,739.01	0.00
Adjustments to Owner Equity (attach schedule)		0.00
Postpetition Contributions (Distributions) (Draws) (attach schedule)		0.00
NET OWNER EQUITY	$122,482,925.75	$122,533,664.76
TOTAL LIABILITIES AND OWNERS' EQUITY	$162,394,387.33	$162,394,387.33
		FORM MOR-3
*"Insider" is defined in 11 U.S.C. Section 101(31).		(9/99)
(a)- Outstanding checks not cleared at the date of filing. These amounts represent an unsecured claim.
(b)- Initial cash balance as reported on the Bankruptcy schedules, as filed, was overstated by $1,016.00.
(c)- Initial cash value of insurance policies as reported on the Bankruptcy Schedules was understated by $248,475.15.
(d)- Initial amount reported on the Bankruptcy Schedules was $10,612,692.54. A $4,000,000 reserve was not
reported on the Bankruptcy Schedules. The resulting net accounts receivable is $6,612,692.54.
(e) Entech's federal tax return is filed on a consolidated basis and as such there is no tax liability owed. However,
these amounts are reported on the Debtor's books as if it filed its own federal tax return.
In re : Entech, LLC.			Case No. 03-11917 (KJC)
Debtor			Reporting Period: July 31, 2003
BALANCE SHEET - continuation sheet
		BOOK VALUE AT END OF	BOOK VALUE ON
ASSETS		CURRENT REPORTING MONTH	PETITION DATE
Other Current Assets
Other Assets
	Benefit Restoration Plan	7,840,079.98	7,840,079.98
	Other investments	28,500.00	28,500.00
	Total	7,868,579.98	7,868,579.98
		BOOK VALUE AT END OF	BOOK VALUE ON
LIABILITIES AND OWNER EQUITY		CURRENT REPORTING MONTH	PETITION DATE
Other Postpetition Liabilities
	Divestiture expenditures - Oil and Gas	-2,978.96
	Benefit restoration plan	48,972.23
	Post employment benefits - FAS 88	-24.44					��
	Total	45,968.83
Adjustments to Owner Equity
Postpetition Contributions (Distributions) (Draws)
Restricted Cash: cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated
	into a separate account, such as an escrow account.
			FORM MOR-3 (CON'T)
			(9/99)
In re: Entech, LLC				Case No.	03-11917 (KJC)
				Reporting Period:	June 20, 2003 - July 31, 2003
STATUS OF POSTPETITION TAXES
The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero.
Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.
Attach photocopies of any tax returns filed during the reporting period.
	Beginning	Amount				Ending
	Tax	Withheld or	Amount	Date	Check No.	Tax
	Liability	Accrued	Paid	Paid	or EFT	Liability
Federal
Withholding
FICA-Employee
FICA-Employer
Unemployment
Income
Other:_________________
Total Federal Taxes	0	0	0	0	0	0
State and Local
Withholding
Sales
Excise
Unemployment
Real Property
Personal Property
Other:_________________
Total State and Local	0	0	0	0	0	0
Total Taxes	0	0	0	0	0	0
SUMMARY OF UNPAID POSTPETITION DEBTS
Attach aged listing of accounts payable.
		Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable
Wages Payable
Taxes Payable
Rent/Leases-Building
Rent/Leases-Equipment
Secured Debt/Adequate Protection Payments
Professional Fees
Amounts Due to Insiders*
Other:__________________________
Other:__________________________
Total Postpetition Debts	0	0	0	0	0	0
Explain how and when the Debtor intends to pay any past-due postpetition debts.
*"Insider" is defined in 11 U.S.C. Section 101(31).						FORM MOR-4
						(9/99)
In re: Entech, LLC	Case No.		03-11917 (KJC)
	Reporting Period:		June 20, 2003 - July 31, 2003
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
Accounts Receivable Reconciliation		Amount
Total Accounts Receivable at the beginning of the reporting period			6,612,692.54
+ Amounts billed during the period
- Amounts collected during the period
Total Accounts Receivable at the end of the reporting period			6,612,692.54
Accounts Receivable Aging		Amount
0 - 30 days old
31 - 60 days old
61 - 90 days old
91+ days old			10,612,692.54
Total Accounts Receivable			10,612,692.54
Amount considered uncollectible (Bad Debt)			4,000,000.00
Accounts Receivable (Net)			6,612,692.54
DEBTOR QUESTIONNAIRE
Must be completed each month		Yes	No
1. Have any assets been sold or transferred outside the normal course of business			X
this reporting period? If yes, provide an explanation below.
2. Have any funds been disbursed from any account other than a debtor in possession			X
account this reporting period? If yes, provide an explanation below.
3. Have all postpetition tax returns been timely filed? If no, provide an explanation		X
below.
4. Are workers compensation, general liability and other necessary insurance		X
coverages in effect? If no, provide an explanation below.
			FORM MOR-5
			(9/99)

Last Updated on 9/11/2003
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