Exhibit (a)(1)-5
Merced Partners Limited Partnership
Statement of Financial Condition
August 31, 2003
(Unaudited)
ASSETS
Cash and cash equivalents $ 66,909,509
Accounts receivable 243,192,616
Securities owned, at fair value 574,625,144
Other assets 181,673
------------
Total Assets $884,908,942
============
LIABILITIES AND PARTNERS' CAPITAL
Securities sold but not yet purchased, at fair value $236,973,030
Accounts payable and other liabilities 20,070,566
------------
Total Liabilities $257,043,596
Partners' capital 627,865,346
------------
Total Liabilities and Partners' Capital $884,908,942
============
Merced Partners Limited Partnership
Statement of Financial Condition
June 30, 2003
(Unaudited)
ASSETS
Cash and cash equivalents $ 55,427,432
Accounts receivable 269,292,553
Securities owned, at fair value 577,417,239
Other assets 229,455
------------
Total Assets $902,366,679
============
LIABILITIES AND PARTNERS' CAPITAL
Securities sold but not yet purchased, at fair value $270,916,146
Accounts payable and other liabilities 18,719,435
------------
Total Liabilities $289,635,581
Partners' capital 612,731,098
------------
Total Liabilities and Partners' Capital $902,366,679
============
Merced Partners Limited Partnership
Statement of Financial Condition
March 31, 2003
(Unaudited)
ASSETS
Cash and cash equivalents $ 53,043,357
Accounts receivable 284,663,946
Securities owned, at fair value 509,134,707
Other assets 155,551
------------
Total Assets $846,997,561
============
LIABILITIES AND PARTNERS' CAPITAL
Securities sold but not yet purchased, at fair value $266,092,990
Accounts payable and other liabilities 8,905,565
------------
Total Liabilities $274,998,555
Partners' Capital 571,999,006
------------
Total Liabilities and Partners' Capital $846,997,561
============
Merced Partners Limited Partnership
Statement of Financial Condition
December 31, 2002
(Unaudited)
ASSETS
Cash and cash equivalents $ 52,790,243
Accounts receivable 239,444,183
Securities owned, at fair value 496,182,675
Other assets 246,882
------------
Total Assets $788,663,983
============
LIABILITIES AND PARTNERS' CAPITAL
Securities sold but not yet purchased, at fair value $230,467,921
Accounts payable and other liabilities 33,130,343
------------
Total Liabilities $263,598,264
Partners' capital 525,065,719
------------
Total Liabilities and Partners' Capital $788,663,983
============
Merced Partners Limited Partnership
Statement of Income and Expenses
Year Ended December 31, 2002
(Unaudited)
Total gross trading revenue (loss) $78,497,257
less Operating expenses and fees 9,071,528
-----------
Net profit $69,425,729
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Merced Partners Limited Partnership
Statement of Financial Condition
December 31, 2001
(Unaudited)
ASSETS
Cash and cash equivalents $ 43,260,433
Accounts receivable 182,154,817
Securities owned, at fair value 323,758,809
Other assets 89,177
------------
Total Assets $549,263,236
============
LIABILITIES AND PARTNERS' CAPITAL
Securities sold but not yet purchased, at fair value $174,715,251
Accounts payable and other liabilities 11,925,975
------------
Total Liabilities $186,641,226
Partners' capital 362,622,010
------------
Total Liabilities and Partners' Capital $549,263,236
============
Merced Partners Limited Partnership
Statement of Income and Expenses
Year Ended December 31, 2001
(Unaudited)
Total gross trading revenue (loss) $53,854,169
less Operating expenses and fees 5,512,226
-----------
Net profit $48,341,943
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21919.0001 #433260