EXHIBIT 99.2
DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C. CASE NUMBER: 01-10959 (JCA)
MONTHLY OPERATING REPORT
AS OF OCTOBER 31, 2002
AND
FOR THE MONTH THEN ENDED
In accordance with title 28, section 1746, of the United States Code, I declare
under penalty of perjury that I have examined the attached October Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.
/s/ STEVE MOELLER
- ------------------------------
Steve Moeller
Director, Accounting
DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C. CASE NUMBER: 01-10959 (JCA)
MONTHLY OPERATING REPORT
AS OF OCTOBER 31, 2002
AND
FOR THE MONTH THEN ENDED
CONTENTS
Attachment 1 Summary of Bank and Investment Accounts
Attachment 2 Schedule of Receipts and Disbursements
Attachment 3 Bank and Investment Account Statements
Attachment 4 Income Statement
Attachment 5 Balance Sheet
Attachment 6 Summary of Due To/Due From Intercompany Accounts
Attachment 7 Accounts Receivable Aging
Attachment 8 Accounts Payable Detail
Attachment 9 Notes to October Monthly Operating Report
Summary Of Bank, Investment & Petty Cash Accounts Attachment 1
Great Ocean Cruise Line, L.L.C.
Summary Case No: 01-10959 (JCA) UNAUDITED
Great Ocean Cruise Line, LLC For Month Of October, 2002
Balances
================================ Receipts & Bank
Opening Closing Disbursements Statements Account
Account As Of 10/01/02 As Of 10/31/02 Included Included Reconciled
- ------- -------------- -------------- ------------- ------------- ----------
Mississippi Queen Steamer 4,000.00 4,000.00 Yes No - Not Yes
Hibernia Concentration
Account # - 812-502-719 Account
Mississippi Queen 0.00 0.00 No - No Not A Bank No - No
Petty Cash Activity Account Activity
Receipts & Disbursements Attachment 2
Great Ocean Cruise Line, L.L.C.
R&D - Hibernia - MQ Steamer Case No: 01-10959 (JCA) UNAUDITED
Hibernia
Mississippi Queen Steamer Account
Account # - 812-502-719
1 October 02 - 31 October 02
Opening Balance - 1 October 02
4,000.00
Receipts
--------
0.00 Total Receipts
Disbursements
--------
0.00 Total Disbursements
Closing Balance - 31 October 02
4,000.00
Concentration & Investment Account Statements Attachment 3
Great Ocean Cruise Line, L.L.C.
Summary Case No: 01-10959 (JCA)
Great Ocean Cruise Line, LLC For Month Of October, 2002
Attach 3
No Statements Due To No Concentration Or Investment Accounts
AMCV US SET OF BOOKS Date: 21-NOV-02 13:52:54
INCOME STATEMENT - ATTACHMENT 4 Page: 1
Current Period: OCT-02
currency USD
Company=21 (MISSISSIPPI QUEEN)
PTD-Actual
31-Oct-02
----------
Revenue
Gross Revenue 0.00
Allowances 0.00
----------
Net Revenue 0.00
Operating Expenses
Air 0.00
Hotel 0.00
Commissions 0.00
Onboard Expenses 0.00
Passenger Expenses 0.00
Vessel Expenses 0.00
Layup/Drydock Expense 0.00
Vessel Insurance 0.00
----------
Total Operating Expenses 0.00
----------
Gross Profit 0.00
SG&A Expenses
General and Admin Expenses 3,178.00
Sales & Marketing 0.00
Start-Up Costs 0.00
----------
Total SG&A Expenses 3,178.00
----------
EBITDA (3,178.00)
Depreciation 0.00
----------
Operating Income (3,178.00)
Other Expense/(Income)
Interest Income 0.00
Equity in Earnings for Sub 0.00
Reorganization expenses 0.00
----------
Total Other Expense/(Income) 0.00
----------
Net Pretax Income/(Loss) (3,178.00)
Income Tax Expense 0.00
----------
Net Income/(Loss) (3,178.00)
==========
AMCV US SET OF BOOKS Date: 21-NOV-02 13:54:21
BALANCE SHEET - ATTACHMENT 5 Page: 1
Current Period: OCT-02
currency USD
Company=21 (MISSISSIPPI QUEEN)
YTD-Actual YTD-Actual
31-Oct-02 22-Oct-01
-------------- --------------
ASSETS
Cash and Equivalent 226.00 91,427.94
Restricted Cash 0.00 0.00
Accounts Receivable 0.00 61,448.42
Inventories 0.00 387,173.50
Prepaid Expenses 0.00 9,438.70
Other Current Assets 0.00 (14,555.00)
-------------- --------------
Total Current Assets 226.00 534,933.56
Fixed Assets 0.00 32,530,486.54
Accumulated Depreciation 0.00 (22,994,750.57)
-------------- --------------
Net Fixed Assets 0.00 9,535,735.97
Net Goodwill 0.00 0.00
Intercompany Due To/From 21,467,924.47 19,836,574.32
Net Deferred Financing Fees 0.00 0.00
Net Investment in Subsidiaries 0.00 0.00
-------------- --------------
Total Other Assets 21,467,924.47 19,836,574.32
-------------- --------------
Total Assets 21,468,150.47 29,907,243.85
============== ==============
AMCV US SET OF BOOKS Date: 21-NOV-02 13:54:21
BALANCE SHEET - ATTACHMENT 5 Page: 2
Current Period: OCT-02
currency USD
Company=21 (MISSISSIPPI QUEEN)
YTD-Actual YTD-Actual
31-Oct-02 22-Oct-01
-------------- --------------
LIABILITIES
Accounts Payable 1,826.90 9,423.11
Accrued Liabilities 0.00 935,232.90
Deposits 0.00 0.00
-------------- --------------
Total Current Liabilities 1,826.90 944,656.01
Long Term Debt 0.00 0.00
Other Long Term Liabilities 0.00 0.00
-------------- --------------
Total Liabilities 1,826.90 944,656.01
Liabilities Subject to Compromise 2,415,311.72 2,827,647.41
OWNER'S EQUITY
Common Stock 0.00 0.00
Add'l Paid In Capital 4,571,000.00 4,571,000.00
Current Net Income (Loss) (6,726,130.87) (984,131.23)
Retained Earnings 21,206,142.72 22,548,071.66
-------------- --------------
Total Owner's Equity 19,051,011.85 26,134,940.43
-------------- --------------
Total Liabilities & Equity 21,468,150.47 29,907,243.85
============== ==============
BEGINNING ENDING
AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE
- -------------- ----------- -------------- ------ -------- -------------
American Classic Voyages Co. 01-10954 29,579,572.10 -- -- 29,579,572.10
AMCV Cruise Operations, Inc. 01-10967 (22,093,131.96) -- -- (22,093,131.96)
The Delta Queen Steamboat Co. 01-10970 17,404,924.93 -- 3,178.00 17,401,746.93
DQSB II, Inc. 01-10974 (877.52) -- -- (877.52)
Great AQ Steamboat, L.L.C 01-10960 14,507.47 -- -- 14,507.47
Great Pacific NW Cruise Line, L.L.C 01-10977 10,219.55 -- -- 10,219.55
Great River Cruise Line, L.L.C 01-10963 (503,950.75) -- -- (503,950.75)
Cruise America Travel, Incorporated 01-10966 (2,953,907.27) -- -- (2,953,907.27)
Delta Queen Coastal Voyages, L.L.C 01-10964 85,950.95 -- -- 85,950.95
Cape Cod Light, L.L.C 01-10962 4,980.00 -- -- 4,980.00
Cape May Light, L.L.C 01-10961 1,844.01 -- -- 1,844.01
Project America, Inc. N/A (4,475.20) -- -- (4,475.20)
Great Hawaiian Cruise Line, Inc. 01-10975 (37,394.43) -- -- (37,394.43)
Great Hawaiian Properties Corporation 01-10971 (34,964.32) -- -- (34,964.32)
Great Independence Ship Co. 01-10969 (2,195.09) -- -- (2,195.09)
------------------------------------------------------------------
21,471,102.47 -- 3,178.00 21,467,924.47
==================================================================
Great Ocean Cruise Line, L.L.C.
01-10959 (JCA)
Accounts Receivable Aging
As of October 31, 2002
Attachment 7
Not Applicable
MISSISSIPPI QUEEN
AP-STEAMER CHECKS
21-000-221300-00000
OCTOBER-02
OUTSTANDING CHECKS:
17103 Garrett TV & Appliances 498.75
17104 Marvin Ross 957.96
17165 Jim Coulson-MCI 50.69
17183 S. Baham-Spiegel 20.00
17190 C. Sisson-J. Sisson 199.50
17248 A. Sisson-J. Sisson 100.00
-----------
Total per G/L: 1,826.90
===========
ATTACHMENT # 8
DEBTOR: GREAT OCEAN CRUISE LINE, L.L.C. CASE NUMBER: 01-10959 (JCA)
MONTHLY OPERATING REPORT
AS OF OCTOBER 31, 2002
AND
FOR THE MONTH THEN ENDED
ATTACHMENT 9
NOTES TO OCTOBER MONTHLY OPERATING REPORT
The information contained herein is unaudited.
Liabilities included in these financial statements reflect amounts known by the
Company to have been incurred. The Company has listed in prior filings with the
United States Trustee potential additional claims it believes may be asserted
against the Company.
To the best of the Debtor's knowledge and belief, based on currently available
information, all Federal income and payroll taxes due and owing have been paid.