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EXHIBIT 99.1
Intermet Corporation and Subsidiaries
Values in $000's
ASSETS LIABILITIES EQUITY
-------- ----------- --------
"Intermet Corporation" -
As originally Filed with the Court (Unconsolidated) $958,360 $588,121 $370,239
======== ======== ========
RECONCILIATION OF ORIGINAL FILING "UNCONSOLIDATED" TO "CONSOLIDATED" INTERMET
CORP.
DESCRIPTION ASSETS LIABILITIES EQUITY
-------- ----------- --------
Corporate books - Intermet Corp. 958,360 588,121 370,239 (As Filed in original Exhibit A)
Other Entities/Subsidiaries 570,076 318,196 251,880
-------- -------- --------
Total Combined 1,528,436 906,317 622,119
Domestic Eliminations (*1): (931,455) (349,599) (581,856)
-------- -------- --------
Domestic Operations 596,981 556,718 40,263
Foreign Operations (*2) 142,469 58,107 84,362
-------- -------- --------
Total Intermet Corporation - Consolidated (8/30/04) $739,450 $614,825 $124,625
======== ======== ========
FOR BANKRUPTCY REPORTING:
Domestic Operations $596,981 $556,718 $ 40,263
Investment in Foreign Operations 84,362 0 84,362
-------- -------- --------
Intermet Corp.(*3) $681,343 $556,718 124,625
======== ========
Add: Consolidated Loss Sept 2004 (10,760)
Add: Other Sept. Equity Adjustments (*4) 1,817
--------
Equity of Consolidated Intermet Corp. 9/30/04 $115,682
========
See Attached for Footnotes
Intermet Corporation and Subsidiaries
Values in $000's
Footnotes:
(*1) - Detail of Domestic Elimination Entries
REDUCTION
TO EQUITY
Investment in Columbus Foundry $ (4,591)
Investment in Ironton Foundry (49,000)
Investment In Northern Castings (1,800)
Investment in Intermet US Holding (53,600)
Investment in Wagner Castings (13,339)
Investment in Alexander City (100)
Investment in Cast-Matic (868)
Investment in Tool Products (19,200)
Investment in Ganton Technologies (160,000)
Investment in Diversified Diemakers (110,000)
Investment in SUDM (153,154)
Investment in Intermet International (1)
Investment in Sudbury/Other 5,808
Investment in Intermet Foreign Holding (21,086)
All Other Eliminations (925)
----------
Total Eliminations $(581,856)
==========
(*2) Intermet Holding Company is a holding company of certain foreign
subsidiaries and does not have any domestic operations. As a result,
for financial reporting purposes, Intermet Holding Company's results
are incorporated in the results of "Foreign Operations".
(*3) Intermet Corporation with foreign operation on an equity basis of
accounting.
(*4) Other Shareholder Equity Adjustments consists of Dividend accrual of
$256,000 (Declared but unpaid - reversed in Dec 04) and Currrency
Translation Adjustment of $2,073,000. $2,073,000-$256,000 =
$1,817,000.