EXHIBIT 99(iv)
NACCO Industries, Inc.
Unaudited Consolidating Statement of Stockholders' Equity
For the Year Ended December 31, 2002
(In millions)
NACCO &
NMHG Housewares NACoal Other
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Class A Common Stock
Beginning balance $ - $ - $ - $ 6.5
Shares issued under stock compensation plans - - - 0.1
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- - - 6.6
Class B Common Stock - - - 1.6
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Capital In Excess of Par Value
Beginning balance 198.2 160.6 15.1 4.7
Shares issued under stock compensation plans - - - 0.2
------ ------ ------ ------
198.2 160.6 15.1 4.9
Retained Earnings
Beginning balance 229.5 (9.8) 38.7 499.8
Net income (loss) 12.3 17.8 19.6 (7.3)
Cash dividends (15.0) (3.5) (3.7) (8.0)
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226.8 4.5 54.6 484.5
Accumulated Other Comprehensive Income (Loss)
Beginning balance (45.7) (5.2) (4.9) -
Foreign currency translation adjustment 16.6 - - -
Minimum pension liability adjustment (17.1) (2.6) - -
Cumulative effect of change in accounting for derivatives and hedging 0.7 0.9 1.8 -
Reclassification from cumulative effect of change in accounting for
derivatives and hedging to deferred loss on cash flow hedging (0.7) (0.9) (1.8) -
Reclassification of hedging activity into earnings 0.4 2.8 3.0 -
Current period cash flow hedging activity 3.1 (6.2) (4.6) -
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(42.7) (11.2) (6.5) -
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Total Stockholders' Equity $382.3 $153.9 $ 63.2 $497.6
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NACCO
Elims Consolidated
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Class A Common Stock
Beginning balance $ - $ 6.5
Shares issued under stock compensation plans - 0.1
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- 6.6
Class B Common Stock - 1.6
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Capital In Excess of Par Value
Beginning balance (373.9) 4.7
Shares issued under stock compensation plans - 0.2
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(373.9) 4.9
Retained Earnings
Beginning balance (186.9) 571.3
Net income (loss) - 42.4
Cash dividends 22.2 (8.0)
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(164.7) 605.7
Accumulated Other Comprehensive Income (Loss)
Beginning balance 1.0 (54.8)
Foreign currency translation adjustment - 16.6
Minimum pension liability adjustment - (19.7)
Cumulative effect of change in accounting for derivatives and hedging - 3.4
Reclassification from cumulative effect of change in accounting for
derivatives and hedging to deferred loss on cash flow hedging - (3.4)
Reclassification of hedging activity into earnings - 6.2
Current period cash flow hedging activity - (7.7)
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1.0 (59.4)
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Total Stockholders' Equity $(537.6) $559.4
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