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EXHIBIT 99.3
REPTRON ELECTRONICS, INC.
CONSOLIDATED BALANCE SHEET
AS OF CONFIRMATION
UNAUDITED PRO FORMA
OCT-03 ADJUSTMENTS CONFIRMATION
------ ----------- ------------
ASSETS
CURRENT ASSETS
Cash 805 - 805
Accounts Receivable, net 16,878 - 16,878
Inventories 20,577 - 20,577
Prepaids & Other 4,785 - 4,785
Tax Assets - - -
------- ------- ------
Total Current Assets 43,045 - 43,045
PROPERTY, PLANT & EQUIPMENT 20,628 - 20,628
GOODWILL 26,779 - 26,779
DEFERRED TAX ASSETS (1) 2,480 (2,480) -
OTHER ASSETS (2) 1,695 (350) 1,345
------- ------- ------
TOTAL ASSETS 94,627 (2,830) 91,797
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LIABILITIES & EQUITY
CURRENT LIABILITIES
Accounts Payable 18,200 - 18,200
Current Portion Of LTD 617 - 617
Accrued Expenses (3) 9,966 (6,009) 3,957
Income Tax Payable - - -
Other - - -
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Total Current Liabilities 28,783 (6,009) 22,774
LONG-TERM DEBT
Inter-Company Payable/Receivable 3 - 3
Convertible Notes (4) 76,315 (46,315) 30,000
Capital Leases & Mortgages 3,617 - 3,617
Bank Line Of Credit 7,715 - 7,715
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Total Long-Term Debt 87,650 (46,315) 41,335
DEFERRED TAX LIABILITIES - - -
EQUITY
Combined Equity / Retained Earnings (5) (21,806) 51,974 30,168
TOTAL LIABILITIES & EQUITY 94,627 (350) 94,277
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(1) Remove asset based on limitations of the asset going forward as well as
potential offset by the debt relief gain.
(2) Remove asset related to previous financing expenses.
(3) Remove accrued unpaid interest on the convertible notes.
(4) Effect change of old notes for new notes.
(5) Effect balance sheet changes to equity and retained earnings.