Exhibit 99.1
------------
UNITED STATES BANKRUPTCY COURT
DISTRICT OF
------------------------------
In: Grand Union Case No. 00-39613(NW)
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Debtor
MONTHLY OPERATING REPORT (March 4-March 31)
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.
- --------------------------------------------------------------- ------------------ ------------------- ------------------
REQUIRED DOCUMENTS Form No. Document Explanation
Attached Attached
- --------------------------------------------------------------- ------------------ ------------------- ------------------
Schedule of Cash Receipts and Disbursements MOR-1
- --------------------------------------------------------------- ------------------ ------------------- ------------------
Bank Reconciliation (or copies of debtor's bank MOR-1 (CONT)
reconciliations)
- --------------------------------------------------------------- ------------------ ------------------- ------------------
Copies of bank statements
- --------------------------------------------------------------- ------------------ ------------------- ------------------
Cash disbursements journals
- --------------------------------------------------------------- ------------------ ------------------- ------------------
Statement of Operations MOR-2
- --------------------------------------------------------------- ------------------ ------------------- ------------------
Balance Sheet MOR-3
- --------------------------------------------------------------- ------------------ ------------------- ------------------
Status of Postpetition Taxes MOR-4
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Copies of IRS Form 6123 or payment receipt
- --------------------------------------------------------------- ------------------ ------------------- ------------------
Copies of tax returns filed during reporting period
- --------------------------------------------------------------- ------------------ ------------------- ------------------
Summary of Unpaid Postpetition Debts MOR-4
- --------------------------------------------------------------- ------------------ ------------------- ------------------
Listing of aged accounts payable
- --------------------------------------------------------------- ------------------ ------------------- ------------------
Accounts Receivable Reconciliation and Aging MOR-5
- --------------------------------------------------------------- ------------------ ------------------- ------------------
Debtor Questionnaire MOR-5
- --------------------------------------------------------------- ------------------ ------------------- ------------------
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/ Jeffrey P. Freimark
- ------------------------------------------------------- ----------------------------------------------------
Signature of Authorized Individual* Date
Jeffrey P. Freimark April 27, 2001
- ------------------------------------------------------- ----------------------------------------------------
Printed Name of Authorized Individual Date
*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.
In re: Grand Union Case No. 00-39613 (NW)
----------- -------------
Debtor Reporting Period: March 31, 2001
--------------
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" column 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 disbursement 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)]
SEE ATTACHED DETAIL
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CUMULATIVE FILING
BANK ACCOUNTS CURRENT MONTH TO DATE
OPER. PAYROLL TAX OTHER ACTUAL PROJECTED ACTUAL PROJECTED
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CASH BEGINNING OF MONTH
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RECEIPTS
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CASH SALES
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ACCOUNTS RECEIVABLE
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LOANS AND ADVANCES
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SALE OF ASSETS
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OTHER (ATTACH LIST)
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TRANSFERS (FROM DIP ACCTS)
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TOTAL RECEIPTS
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DISBURSEMENTS
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NET PAYROLL
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PAYROLL TAXES
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SALES, USE & OTHER TAXES
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INVENTORY PURCHASES
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SECURED/ RENTAL/LEASES
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INSURANCE
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ADMINISTRATIVE
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SELLING
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OTHER (ATTACH LIST)
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OWNER DRAW*
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TRANSFERS (TO DIP ACCTS)
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PROFESSIONAL FEES
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U.S. TRUSTEE QUARTERLY FEES
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COURT COSTS
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TOTAL DISBURSEMENTS
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NET CASH FLOW
(RECEIPTS LESS DISBURSEMENTS)
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CASH - END OF MONTH
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*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 $
- ----------------------------------------------------------------------------------------------------------------- ------------
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS $
- ----------------------------------------------------------------------------------------------------------------- ------------
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCE (i.e. from escrow accounts) $
- ----------------------------------------------------------------------------------------------------------------- ------------
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES $
- ----------------------------------------------------------------------------------------------------------------- ------------
THE GRAND UNION COMPANY
- -----------------------
CONSOLIDATED STATEMENT OF CASH FLOWS
- ------------------------------------
(dollars in thousands)
- ----------------------
unaudited)
- ----------
--------------------------------
4 Weeks 180 Days
Ended Ended
March 31, March 31,
2001 2001
--------------------------------
OPERATING ACTIVITIES:
Net (loss) $ 313,943 $ 150,455
Adjustments to reconcile net income (loss) to net cash provided by
(used for) operating activities before reorganization items paid:
Unusual items 169 8,316
Cumulative effect of accounting change - -
Extraordinary items - -
Depreciation and amortization - 21,382
Pension and other non-cash items - 2,034
Deferred taxes - -
Non-cash interest - 847
Gain on sale of property - (821)
Net changes in assets and liabilities: (292,384) (251,471)
Receivables 959 2,070
Inventories 1 38,002
Other current assets 7,925 7,209
Other assets (8) 128
Accounts payable and accrued liabilities (29,653) (110,080)
Other noncurrent liabilities 1,527 23,256
----------- -----------
Net cash provided by (used for) operating activities before 2,479 (107,883)
reorganization items paid
Reorganization items paid - -
----------- -----------
Net cash provided by (used for) operating activities 2,479 (107,883)
----------- -----------
INVESTMENT ACTIVITIES:
Capital expenditures - (4,114)
Proceeds from sale of property - -
Disposals of property - 15,384
----------- -----------
Net cash provided by (used for) investment activities - 11,270
----------- -----------
FINANCING ACTIVITIES:
Proceeds from Revolving Credit Facility - 7,801
Proceeds from DIP facility - 102,074
Repayment of Term Loan - (66)
Repayment of Revolving Credit Facility - -
Repayment of DIP Facility - (82,646)
Auction Bid Escrow 4,800 140,325
Obligations under capital leases discharged - (1,859)
----------- -----------
Net cash provided by (used for) financing activities 4,800 165,629
----------- -----------
Net increase (decrease) in cash 7,279 69,017
Cash at beginning of period 78,289 16,551
----------- -----------
Cash at end of period $ 85,568 $ 85,568
=========== ===========
The Grand Union Company Case No. 00-39613 (NW)
- ----------------------- -------------
Debtor Reporting Period March 31, 2001
--------------
BALANCE SHEET
The Balance Sheet is to be completed on an accrual basis only. Pre-petition
liabilities must be classified separately from postpetition obligations.
- -----------------------------------------------------------------------------------------------------------------------------------
ASSETS BOOK VALUE AT END OF CURRENT BOOK VALUE ON PETITION DATE
REPORTING MONTH
- -----------------------------------------------------------------------------------------------------------------------------------
March 31, 2001 October 2, 2000
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CURRENT ASSETS
- -----------------------------------------------------------------------------------------------------------------------------------
Unrestricted Cash and Equivalents 85,568 31,222
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Restricted Cash and Cash Equivalents (see continuation sheet)
- -----------------------------------------------------------------------------------------------------------------------------------
Accounts Receivable (Net) 27,926 29,140
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Notes Receivable
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Inventories (225) 116,876
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Prepaid Expenses 4,051 5,810
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Professional Retainers
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Other Current Assets (attach schedule)
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TOTAL CURRENT ASSETS $ 117,320 $ 183,048
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PROPERTY AND EQUIPMENT
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Real Property and Improvements
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Machinery and Equipment
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Furniture, Fixtures and Office Equipment
- -----------------------------------------------------------------------------------------------------------------------------------
Leasehold Improvements
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Vehicles
- -----------------------------------------------------------------------------------------------------------------------------------
Less Accumulated Depreciation
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TOTAL PROPERTY & EQUIPMENT $ - $ 345,187
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OTHER ASSETS
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Loans to Insiders*
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Other Assets (attach schedule) 52 60,215
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TOTAL OTHER ASSETS $ 52 $ 60,215
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- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 117,372 $ 588,450
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- -----------------------------------------------------------------------------------------------------------------------------------
LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF CURRENT BOOK VALUE ON PETITION DATE
REPORTING MONTH
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LIABILITIES NOT SUBJECT TO COMPROMISE (Post-Petition)
- -----------------------------------------------------------------------------------------------------------------------------------
Accounts Payable (37,066) (162,593)
- -----------------------------------------------------------------------------------------------------------------------------------
Taxes Payable (refer to FORM MOR-4)
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Wages Payable
- -----------------------------------------------------------------------------------------------------------------------------------
Notes Payable - (263,060)
- -----------------------------------------------------------------------------------------------------------------------------------
Rent / Leases - Building/Equipment - (160,737)
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Secured Debt / Adequate Protection Payments
- -----------------------------------------------------------------------------------------------------------------------------------
Professional Fees
- -----------------------------------------------------------------------------------------------------------------------------------
Amounts Due to Insiders*
- -----------------------------------------------------------------------------------------------------------------------------------
Other Postpetition Liabilities (attach schedule) (50,227) (210,800)
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL POSTPETITION LIABILITIES $ (87,293) $ (797,190)
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LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
- -----------------------------------------------------------------------------------------------------------------------------------
Secured Debt (263,060)
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Priority Debt
- -----------------------------------------------------------------------------------------------------------------------------------
Unsecured Debt 156,687
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL PRE-PETITION LIABILITIES $ (106,373) $ -
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL LIABILITIES $ (193,666) $ (797,190)
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OWNER EQUITY
- -----------------------------------------------------------------------------------------------------------------------------------
Capital Stock (300) (300)
- -----------------------------------------------------------------------------------------------------------------------------------
Additional Paid in Capital (384,800) (384,800)
- -----------------------------------------------------------------------------------------------------------------------------------
Partners' Capital Account
- -----------------------------------------------------------------------------------------------------------------------------------
Owner's Equity Account
- -----------------------------------------------------------------------------------------------------------------------------------
Retained Earnings - Pre-Petition 593,840 593,840
- -----------------------------------------------------------------------------------------------------------------------------------
Retained Earnings - Post-Petition (132,446)
- -----------------------------------------------------------------------------------------------------------------------------------
Adjustments to Owner Equity (attach schedule)
- -----------------------------------------------------------------------------------------------------------------------------------
Postpetition Contributions (Distributions) (Draws) (attach
schedule)
- -----------------------------------------------------------------------------------------------------------------------------------
NET OWNER EQUITY $ 76,294 $ 208,740
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL LIABILITIES AND OWNERS' EQUITY $ (117,372) $ (588,450)
- -----------------------------------------------------------------------------------------------------------------------------------
FORM MOR-3
* "Insider is defined in 11 U.S.C. Section 101(31). (9/99)
The Grand Union Company Case No. 00-39613 (NW)
- ----------------------- -------------
Debtor Reporting Period March 31, 2001
--------------
BALANCE SHEET
- -----------------------------------------------------------------------------------------------------------------------------------
ASSETS BOOK VALUE AT END OF CURRENT BOOK VALUE ON PETITION DATE
REPORTING MONTH
- -----------------------------------------------------------------------------------------------------------------------------------
March 31, 2001 October 2, 2000
- -----------------------------------------------------------------------------------------------------------------------------------
Other Current Assets
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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Other Assets
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Beneficial leases, net - 48,026
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Other assets 52 12,189
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- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
LIABILITIES AND OWNER EQUITY BOOK VALUE AT END OF CURRENT BOOK VALUE ON PETITION DATE
REPORTING MONTH
- -----------------------------------------------------------------------------------------------------------------------------------
Other Postpetition Liabilities
- -----------------------------------------------------------------------------------------------------------------------------------
Adverse leases, net - (61,079)
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Other noncurrent liabilities (50,227) (149,721)
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- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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- -----------------------------------------------------------------------------------------------------------------------------------
Adjustments to Owner Equity
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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- -----------------------------------------------------------------------------------------------------------------------------------
Postpetition Contributions (Distributions) (Draws)
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- -----------------------------------------------------------------------------------------------------------------------------------
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- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
The Grand Union Company Case No. 00-39613 (NW)
- ----------------------- -------------
Debtor Reporting Period March 31, 2001
--------------
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.
- -------------------------------------------------------------------------------------------------------------------------
REVENUES 28 days ended 180 days ended
March 31, 2001 March 31, 2001
- -------------------------------------------------------------------------------------------------------------------------
Gross Revenues - 750,217
- -------------------------------------------------------------------------------------------------------------------------
Less: Returns and Allowances - -
- -------------------------------------------------------------------------------------------------------------------------
Net Revenue - 750,217
- -------------------------------------------------------------------------------------------------------------------------
COST OF GOODS SOLD
- -------------------------------------------------------------------------------------------------------------------------
Beginning Inventory (224) 116,875
- -------------------------------------------------------------------------------------------------------------------------
Add: Purchases (1) 434,976
- -------------------------------------------------------------------------------------------------------------------------
Add: Cost of Labor - -
- -------------------------------------------------------------------------------------------------------------------------
Add: Other Costs (attach schedule) 415 19,385
- -------------------------------------------------------------------------------------------------------------------------
Less: Ending Inventory (225) (225)
- -------------------------------------------------------------------------------------------------------------------------
Cost of Goods Sold 415 571,461
- -------------------------------------------------------------------------------------------------------------------------
Gross Profit (415) 178,756
- -------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
- -------------------------------------------------------------------------------------------------------------------------
Advertising 462 8,414
- -------------------------------------------------------------------------------------------------------------------------
Auto and Truck Expense - -
- -------------------------------------------------------------------------------------------------------------------------
Bad Debts - -
- -------------------------------------------------------------------------------------------------------------------------
Contributions - -
- -------------------------------------------------------------------------------------------------------------------------
Employee Benefits Programs 1,574 16,629
- -------------------------------------------------------------------------------------------------------------------------
Insider Compensation - -
- -------------------------------------------------------------------------------------------------------------------------
Insurance 2 8,760
- -------------------------------------------------------------------------------------------------------------------------
Management Fees/Bonuses - 44
- -------------------------------------------------------------------------------------------------------------------------
Office Expense - -
- -------------------------------------------------------------------------------------------------------------------------
Pension & Profit-Sharing Plans - 1,069
- -------------------------------------------------------------------------------------------------------------------------
Repairs and Maintenance 9 10,000
- -------------------------------------------------------------------------------------------------------------------------
Rent and Lease Expense - 20,576
- -------------------------------------------------------------------------------------------------------------------------
Salaries/Commissions/Fees 940 94,164
- -------------------------------------------------------------------------------------------------------------------------
Supplies 26 5,041
- -------------------------------------------------------------------------------------------------------------------------
Taxes-Payroll (1,411) 6,797
- -------------------------------------------------------------------------------------------------------------------------
Taxes-Real Estate - 4,644
- -------------------------------------------------------------------------------------------------------------------------
Taxes-Other - -
- -------------------------------------------------------------------------------------------------------------------------
Travel and Entertainment - -
- -------------------------------------------------------------------------------------------------------------------------
Utilities (252) 16,642
- -------------------------------------------------------------------------------------------------------------------------
Other (attach schedule) 4,269 6,868
- -------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses Before Depreciation 5,619 199,648
- -------------------------------------------------------------------------------------------------------------------------
Depreciation/Depletion/Amortization - 43,074
- -------------------------------------------------------------------------------------------------------------------------
Net Profit (Loss) Before Other Income & Expenses (6,033) (63,965)
- -------------------------------------------------------------------------------------------------------------------------
OTHER INCOME AND EXPENSES
- -------------------------------------------------------------------------------------------------------------------------
Other Income (attach schedule) - -
- -------------------------------------------------------------------------------------------------------------------------
Interest Expense (1) 23,396
- -------------------------------------------------------------------------------------------------------------------------
Other Expense (attach schedule) (320,144) (228,124)
- -------------------------------------------------------------------------------------------------------------------------
Net Profit (Loss) Before Reorganization Items 314,112 140,763
- -------------------------------------------------------------------------------------------------------------------------
REORGANIZATION ITEMS
- -------------------------------------------------------------------------------------------------------------------------
Professional Fees - -
- -------------------------------------------------------------------------------------------------------------------------
U.S. Trustee Quarterly Fees - -
- -------------------------------------------------------------------------------------------------------------------------
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet) - -
- -------------------------------------------------------------------------------------------------------------------------
Gain (Loss) from Sale of Equipment - -
- -------------------------------------------------------------------------------------------------------------------------
Other Reorganization Expenses (attach schedule) 169 8,317
- -------------------------------------------------------------------------------------------------------------------------
Total Reorganization Expenses - -
- -------------------------------------------------------------------------------------------------------------------------
Income Taxes - -
- -------------------------------------------------------------------------------------------------------------------------
Net Profit (Loss) 313,943 132,446
- -------------------------------------------------------------------------------------------------------------------------
The Grand Union Company Case No. 00-39613 (NW)
- ----------------------- -------------
Debtor Reporting Period March 31, 2001
--------------
STATEMENT OF OPERATIONS - continuation sheet
- -------------------------------------------------------------------------------
OTHER OPERATING EXPENSES 28 days ended 180 days ended
March 31, 2001 March 31, 2001
- -------------------------------------------------------------------------------
CHARGE CARD EXPENSE (1) 2,824
OTHER OPERATING EXPENSES
LIGHT REPAIRS & LAMP REPLACE - 161
STORE DISBURSEMENTS 3 451
PENALTIES & FINES 15 126
BAD CHECKS (45) 530
PREMISE SECURITY (14) 853
LAUNDRY - 253
CASH (OVER) SHORT - 320
REFRIGERATION & WATER DAMAGE - 31
EQUIPMENT RENTAL 5 153
CASUALTY LOSS - 109
SIGNS - 1
EXTERMINATING - 42
SHOPPING CARTS 2 43
MISCELLANEOUS INCOME (16) (1,094)
BANK SERVICE CHG/ARMORED CAR - 852
CUSTOMER SERVICE CHARGES - (2)
OTHER 49 899
-- ---
TOTAL OTHER OPERATING EXPENSE 1 3,727
- -----
CAPITAL PROJECT EXPENSE - -
CORPORATE ADMIN EXPENSE 4,265 18,499
GRAND PROPERTIES (43) (20,424)
GRAND VIDEO - -
CORPORATE COMMISSARY - -
PRE-OPEN EXPENSE - -
CLOSED STORE EXPENSE 47 2,242
TECHNOLOGY INITIATIVES - -
MANAGEMENT FEE - -
SUNDRY - -
- -
TOTAL OTHER OPERATING EXPENSES 4,269 6,868
===== =====
The Grand Union Company Case No. 00-39613 (NW)
- ----------------------- -------------
Debtor Reporting Period March 31, 2001
--------------
STATEMENT OF OPERATIONS - continuation sheet
- --------------------------------------------------------------------------------
OTHER COSTS OF GOODS SOLD 28 days ended 180 days ended
March 31, 2001 March 31, 2001
- --------------------------------------------------------------------------------
TRUCKING - 3,511
WAREHOUSING 4 17,970
S & G SERVICES 264 1,879
--- -----
TOTAL DISTRIBUTION 268 23,359
--- ------
ADVERTISING & PROMO ALLOWANCE (137) (21,785)
SPECIALTY FOODS - (295)
CASH DISCOUNTS (1) (833)
STOCK GAIN OR (LOSS) - GROCERY 127 9,481
- LIQUOR - (26)
- GEN MDSE 150 3,471
- PHARMACY - (251)
- SHRINK PROJ 19 153
-- ---
TOTAL STOCK GAIN OR (LOSS) 296 12,828
--- ------
SPECIAL PROMOTIONS (3) 5,200
--- -----
TRADING-MERCHANDISE 11 (683)
-MEAT (34) (1,257)
-PRODUCE (16) (1,202)
-SERVICE (33) (270)
LABEL EXP/ALLOW - -
VENDOR COUPONS 58 (2)
STATISTICAL GROSS ADJUSTMENT - 225
WHSE INV GAIN(LOSS)-GROCERY - 253
PHARMACY THIRD PARTY REC ADJ 13 141
FREQUENT SHOPPER EXPENSE (9) 2,992
CLIPLESS COUPON EXPENSE - 638
ADVERTISING PROGRAMS - -
- -
OTHER ADJ. TO GROSS MARGIN (9) 835
--- ---
LIFO PROVISION - 75
- --
TOTAL OTHER COSTS OF GOODS SOLD 415 19,384
=== ======
The Grand Union Company Case No. 00-39613 (NW)
- ----------------------- -------------
Debtor Reporting Period March 31, 2001
--------------
STATEMENT OF OPERATIONS - continuation sheet
- --------------------------------------------------------------------------------
OTHER INCOME AND EXPENSES 28 days ended 180 days ended
March 31, 2001 March 31, 2001
- --------------------------------------------------------------------------------
LEASED/OWNED NORMALIZATION ITEMS 4,168
(3,791)
GAIN/(LOSS) ON SALE OF COMPANY (324,491) (229,129)
BANK SERVICE CHARGES 45 162
GAIN/(LOSS) ON DISPOSAL OF FIXED ASSETS -
123
SALES TAX COLLECTION COMMISSIONS -
(10)
SALES USE TAX 4 46
EXECUTIVE INCENTIVE PLAN - 1,884
ADMINISTRATIVE PENSION - 103
BOARD OF DIRECTORS FEES - 664
BOARD OF DIRECTORS EXPENSES - 188
OTHER 130 1,636
--- -----
TOTAL OTHER INCOME AND EXPENSES (320,144) (228,124)
========= =========
The Grand Union Company Case No. 00-39613 (NW)
- ----------------------- -------------
Debtor Reporting Period March 31, 2001
--------------
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. Attached photocopies
of IRS Form 6123 or payment receipt to verify payment or deposit of federal
payroll taxes. Attached photocopies of any tax returns filed during the
reporting period.
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Beginning Amount Amount Date Paid Check No. Ending
Tax Withheld or Paid Or EFT Tax
Liability Accrued Liability
======================================== ============ ============ ============= ============ ============ ============
Federal
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Withholding 0 6,491,041 (6,491,041) VAR EFT 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
FICA-Employee 0 0 0 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
FICA-Employer 0 0 0 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Unemployment 298,338 27,068 0 325,406
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Income 0 0 0 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Other: NJ Litter 0 0 0 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Total Federal Taxes 298,338 6,518,109 (6,491,041) 325,406
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
State and Local
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Withholding 431,524 729,671 (944,533) VAR VAR 216,662
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Sales 1,892,082 0 (1,602,036) VAR VAR 290,046
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Excise 0 0 0 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Unemployment 674,996 149,928 0 824,924
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Real Property 0 0 0 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Personal Property 19,952 0 0 19,952
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Other: NJ LITTER 15,606 0 0 15,606
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Total State and Local (2,546,569) 1,367,190
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Total Taxes 3,332,497 7,397,708 (9,037,610) 1,692,595
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
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 0 5,400 900 800 0 7,100
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Wages Payable 0 734 0 0 0 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Taxes Payable 0 3,332 0 0 0 3,332
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Rent/Leases-Building 0 0 0 0 0 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Rent/Leases-Equipment 0 0 0 0 0 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Secured Debt/Adequate Protection 0 0 0 0 0 0
Payments
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Professional Fees 0 400 0 0 0 400
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Amounts Due to Insiders* 0 0 0 0 0 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Other: 0 0 0 0 0 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Other: 0 0 0 0 0 0
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
Total Postpetition Debts 0 900 800 0 11,566
- ---------------------------------------- ------------ ------------ ------------- ------------ ------------ ------------
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)
The Grand Union Company Case No. 00-39613 (NW)
- ----------------------- -------------
Debtor Reporting Period March 31, 2001
--------------
Accounts Receivable Reconciliation and Aging
- ------------------------------------------------------------------------ ---------------------------------
Accounts Receivable Reconciliation Amount
- ------------------------------------------------------------------------ ---------------------------------
Total Accounts Receivable at the beginning of the reporting period 28,178,836
- ------------------------------------------------------------------------ ---------------------------------
+ Amounts billed during the period 2,640,501
- ------------------------------------------------------------------------ ---------------------------------
- - Amounts collected during the period (43,136,691)
- ------------------------------------------------------------------------ ---------------------------------
Total Accounts Receivable at the end of the reporting period (12,317,355)
- ------------------------------------------------------------------------ ---------------------------------
- ------------------------------------------------------------------------ ---------------------------------
- ------------------------------------------------------------------------ ---------------------------------
Accounts Receivable Aging Amount
- ------------------------------------------------------------------------ ---------------------------------
0-30 days old (16,828,937)
- ------------------------------------------------------------------------ ---------------------------------
31-60 days old 2,532,217
- ------------------------------------------------------------------------ ---------------------------------
61-90 days old 205
- ------------------------------------------------------------------------ ---------------------------------
91+ days old 1,979,161
- ------------------------------------------------------------------------ ---------------------------------
Total Accounts Receivable (12,317,355)
- ------------------------------------------------------------------------ ---------------------------------
Amount considered uncollectible (Bad Debt) 0
- ------------------------------------------------------------------------ ---------------------------------
Accounts Receivable (Net) (12,317,355)
- ------------------------------------------------------------------------ ---------------------------------
- ------------------------------------------------------------------------ ---------------------------------
DEBTOR QUESTIONNAIRE
- ------------------------------------------------------------------------ --------------------- ---------------------
Must be completed each month Yes No
- ------------------------------------------------------------------------ --------------------- ---------------------
1. Have any assets been sold or transferred outside the normal course
of business this reporting period? If yes, provide an explanation X
below.
- ------------------------------------------------------------------------ --------------------- ---------------------
2. Have any funds been disbursed from any account other than a debtor
in possession account this reporting period? If yes, provide an
explanation below. X
- ------------------------------------------------------------------------ --------------------- ---------------------
3. Have all postpetition tax returns been timely filed? If no,
provide an explanation below. X
- ------------------------------------------------------------------------ --------------------- ---------------------
4. Are workers compensation, general liability and other necessary
insurance coverages in effect? If no, provide an explanation below. X
- ------------------------------------------------------------------------ --------------------- ---------------------
- ------------------------------------------------------------------------ --------------------- ---------------------