EXHIBIT 99(ii)
NACCO Industries, Inc.
Unaudited Consolidating Balance Sheet
December 31, 2002
(In millions)
NACoal
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Project NACoal
Mining Excl Proj
NMHG Housewares Subsidiaries Mines Consolidated
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Current Assets
Cash and cash equivalents $ 54.9 $ 2.8 $ 6.4 $ - $ 6.4
Accounts receivable, net 193.1 67.5 8.6 9.3 17.9
Intercompany accounts receivable 16.4 2.4 4.7 7.9 12.6
Intercompany notes receivable - - 9.6 (9.6) -
Inventories 222.0 98.2 28.3 8.5 36.8
Deferred income taxes 21.6 2.7 0.9 0.1 1.0
Prepaid expenses and other 29.9 7.5 0.5 0.7 1.2
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Total Current Assets 537.9 181.1 59.0 16.9 75.9
Property, Plant and Equipment, net 242.1 43.6 258.5 110.7 369.2
Goodwill 343.7 83.7 - - -
Coal Supply Agreements and Other Intangibles, Net 1.7 0.5 - 82.8 82.8
Other Non-current Assets 78.1 22.6 63.7 13.8 77.5
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Total Assets $1,203.5 $ 331.5 $ 381.2 $ 224.2 $ 605.4
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Current Liabilities
Accounts payable $ 186.8 $ 56.0 $ 9.3 $ 4.8 $ 14.1
Intercompany accounts payable 0.1 2.1 1.1 2.1 3.2
Revolving credit agreements 31.3 - - 1.9 1.9
Current maturities of long-term debt 20.0 - - 15.0 15.0
Current obligations of project mining subsidiaries - - 35.0 - 35.0
Intercompany notes payable - - - 25.7 25.7
Other current liabilities 160.6 41.1 10.7 9.5 20.2
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Total Current Liabilities 398.8 99.2 56.1 59.0 115.1
Long-term Debt 273.5 57.9 - 75.1 75.1
Obligations of Project Mining Subsidiaries - - 275.1 - 275.1
Self-insurance Liabilities and Other 147.8 20.5 45.1 31.8 76.9
Minority Interest 1.1 - - - -
Stockholders' Equity 382.3 153.9 4.9 58.3 63.2
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Total Liabilities and Stockholders' Equity $1,203.5 $ 331.5 $ 381.2 $ 224.2 $ 605.4
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NACCO & NACCO
Other Elims Consolidated
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Current Assets
Cash and cash equivalents $ - $ - $ 64.1
Accounts receivable, net 0.3 - 278.8
Intercompany accounts receivable 5.3 (36.7) -
Intercompany notes receivable 25.7 (25.7) -
Inventories - - 357.0
Deferred income taxes 2.7 1.0 29.0
Prepaid expenses and other 15.5 - 54.1
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Total Current Assets 49.5 (61.4) 783.0
Property, Plant and Equipment, net 3.1 - 658.0
Goodwill - - 427.4
Coal Supply Agreements and Other Intangibles, Net - - 85.0
Other Non-current Assets 619.3 (627.0) 170.5
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Total Assets $ 671.9 $ (688.4) $ 2,123.9
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Current Liabilities
Accounts payable $ 0.3 $ - $ 257.2
Intercompany accounts payable 31.2 (36.6) -
Revolving credit agreements - - 33.2
Current maturities of long-term debt - - 35.0
Current obligations of project mining subsidiaries - - 35.0
Intercompany notes payable - (25.7) -
Other current liabilities 13.9 - 235.8
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Total Current Liabilities 45.4 (62.3) 596.2
Long-term Debt - - 406.5
Obligations of Project Mining Subsidiaries - - 275.1
Self-insurance Liabilities and Other 69.9 (29.5) 285.6
Minority Interest - - 1.1
Stockholders' Equity 556.6 (596.6) 559.4
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Total Liabilities and Stockholders' Equity $ 671.9 $ (688.4) $ 2,123.9
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