EXHIBIT 99.5 CAREY INTERNATIONAL, INC. AND SUBSIDIARIES SUPPLEMENTAL CONSOLIDATING STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED AUGUST 31, 1996 Carey Indy International Connection Inc. Limousine, Inc. Eliminations Total --------------- --------------- --------------- --------------- REVENUE, NET $ 41,176,235 $ 4,508,460 $ (24,934) $ 45,659,761 COST OF REVENUE 27,950,106 2,356,232 (24,934) 30,281,404 --------------- --------------- --------------- --------------- GROSS PROFIT 13,226,129 2,152,228 0 15,378,357 SELLING, GENERAL AND ADMINISTRATIVE EXPENSE 10,909,283 1,176,294 12,085,577 --------------- --------------- --------------- --------------- OPERATING INCOME 2,316,846 975,934 0 3,292,780 OTHER INCOME (EXPENSE): INTEREST EXPENSE (1,299,988) (145,573) 0 (1,445,561) INTEREST AND OTHER INCOME 104,689 4,713 0 109,402 GAIN ON SALES OF FIXED ASSETS 229,229 16,260 0 245,489 --------------- --------------- --------------- --------------- INCOME BEFORE PROVISION FOR INCOME TAXES 1,350,776 851,334 0 2,202,110 PROVISION FOR INCOME TAXES 420,106 315,400 0 735,506 --------------- --------------- --------------- --------------- NET INCOME $ 930,670 $ 535,934 $ 0 $ 1,466,604 =============== =============== =============== =============== 99.5.1