Financial Statements
Texapol Corporation Employees' 401(K) Savings Plan
December 31, 1993 and 1992
TEXAPOL CORPORATION
EMPLOYEES' 401(K) SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
(UNAUDITED)
December 31 December 31
1993 1992
ASSETS:
Cookson American Master Funds $ - $220,616
Hanna Stock Fund 2,475 -
Wells Fargo Collective Investment Funds 297,600 -
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TOTAL INVESTMENTS 300,075 220,616
Receivables:
Contribution receivable - 231
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NET ASSETS AVAILABLE FOR PLAN BENEFITS $300,075 $220,847
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See notes to financial statements.
TEXAPOL CORPORATION
EMPLOYEES' 401(K) SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS
AVAILABLE FOR PLAN BENEFITS
(UNAUDITED)
Cookson Cookson Cookson Cookson Wells Fargo Wellsfunds Wellsfunds
Stock Balanced Bond Money Sweep Asset Money
Fund Fund Fund Market Account Allocation Market
--------- --------- --------- --------- --------- ---------- -----------
NET ASSETS AVAILABLE FOR PLAN
BENEFITS AS OF DECEMBER 31, 1992 $119,401 $35,565 $31,567 $34,314 $0 $0 $0
Investment Income:
Interest 166
Mutual fund income 5,118 2,200 2,485 615 1,472 160
Gain on sale of investments
Unrealized appreciation of
investments (1,733)
--------- --------- --------- --------- --------- ---------- -----------
5,118 2,200 2,485 615 166 (261) 160
Contributions:
Employees 32,726 8,311 6,162 7,684 8,466 1,494
Employer match 7,736 1,831 1,441 1,821 922 179
--------- --------- --------- --------- --------- ---------- -----------
40,462 10,142 7,603 9,505 0 9,388 1,673
Distributions to employees
partially and wholly with-
drawn from the plan (9,048) (2,044) (2,108) (11,788)
Net transfers (from) to other
funds (155,933) (45,863) (39,547) (32,646) (166) 106,043 13,695
--------- --------- --------- --------- --------- ---------- -----------
NET ADDITIONS (119,401) (35,565) (31,567) (34,314) 0 115,170 15,528
--------- --------- --------- --------- --------- ---------- -----------
NET ASSETS AVAILABLE FOR PLAN
BENEFITS AS OF DECEMBER 31, 1993 $0 $0 $0 $0 $0 $115,170 $15,528
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Wellsfunds Wellsfunds Hanna
S&P Treasury Stock
500 Allocation Fund Total
----------- ----------- --------- ------------
NET ASSETS AVAILABLE FOR PLAN
BENEFITS AS OF DECEMBER 31, 1992 $0 $0 $0 $220,847
Investment Income:
Interest 166
Mutual fund income 1,069 582 13,701
Gain on sale of investments (17) (1,166) (1,183)
Unrealized appreciation of
investments (1,319) (673) (3) (3,728)
----------- ----------- --------- ------------
(267) (1,257) (3) 8,956
Contributions:
Employees 11,689 949 77,481
Employer match 1,259 116 2,474 17,779
----------- ----------- --------- ------------
12,948 1,065 2,474 95,260
Distributions to employees
partially and wholly with-
drawn from the plan (24,988)
Net transfers (from) to other
funds 144,714 9,699 4 0
----------- ----------- --------- ------------
NET ADDITIONS 157,395 9,507 2,475 79,228
----------- ----------- --------- ------------
NET ASSETS AVAILABLE FOR PLAN
BENEFITS AS OF DECEMBER 31, 1993 $157,395 $9,507 $2,475 $300,075
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