EXHIBIT 99.1(b)5
CONSOLIDATED BALANCE SHEETS
NATIONAL DATA CORPORATION AND SUBSIDIARIES
(In thousands, except share data)
--------------------------------------------------------------------------------
August 31, May 31,
2001 2001
----------- ---------
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 19,232 $ 12,420
Accounts receivable 67,019 70,648
Allowance for doubtful accounts (5,567) (6,628)
-------- --------
Accounts receivable, net 61,452 64,020
-------- --------
Income tax receivable 434 2,265
Deferred income taxes 24,557 29,539
Prepaid expenses and other current assets 19,496 18,788
-------- --------
Total current assets 125,171 127,032
-------- --------
Property and equipment, net 77,316 82,956
Intangible assets, net 189,932 221,757
Deferred income taxes 13,093 9,886
Investments 74,866 35,591
Other 9,098 10,990
-------- --------
Total Assets $489,476 $488,212
======== ========
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt $ 172 $ 170
Obligations under capital leases 1,261 2,586
Accounts payable and accrued liabilities 39,931 53,228
Deferred income 18,613 13,624
-------- --------
Total current liabilities 59,977 69,608
-------- --------
Long-term debt 151,525 151,567
Obligations under capital leases 1,032 1,108
Other long-term liabilities 20,873 23,044
-------- --------
Total liabilities 233,407 245,327
-------- --------
Commitments and contingencies
Minority interest in equity of subsidiaries 12,092 12,418
Shareholders' equity:
Preferred stock, par value $1.00 per share;
1,000,000 shares authorized, none issued - -
Common stock, par value $.125 per share;
200,000,000 shares authorized; 33,989,369
and 33,875,235 shares issued, respectively 4,249 4,234
Capital in excess of par value 190,566 188,636
Retained earnings 58,112 48,392
Deferred compensation and other (6,962) (7,101)
Unrealized holding loss (31) (111)
Cumulative translation adjustment (1,957) (3,583)
-------- --------
Total shareholders' equity 243,977 230,467
-------- --------
Total Liabilities and Shareholders' Equity $489,476 $488,212
======== ========