EXHIBIT 7(b)2 UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 1996. MICROELECTRONIC PACKAGING, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 1996 Pro Forma Pro Forma Historical Adjustments Consolidated ----------- ------------- ------------ ASSETS Current assets: Cash $ 2,559,000 $ (220,000)(1) $ 2,339,000 Accounts receivable, net 4,491,000 4,491,000 Inventories 8,021,000 (136,000)(1) 7,885,000 Other current assets 6,132,000 - 6,132,000 ----------- ------------ ----------- Total current assets 21,203,000 (356,000) 20,847,000 Property, plant and equipment, net 24,162,000 (14,131,000)(1) 10,031,000 Deferred facility start-up costs 6,185,000 (6,185,000)(1) Other non-current assets 3,156,000 (2,000,000)(1) 1,156,000 ----------- ------------ ----------- $54,706,000 $(22,672,000) $32,034,000 =========== ============ =========== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Line of credit borrowings, due on demand $ 9,073,000 $ (3,095,000)(1) $ 5,978,000 Accounts payable 6,564,000 6,564,000 Accrued liabilities 4,575,000 (2) 4,575,000 Defered revenue 753,000 753,000 Current portion of long-term debt 20,123,000 - (2) 20,123,000 ----------- ------------ ----------- Total current liabilities 41,088,000 (3,095,000) 37,993,000 Long-term debt 3,755,000 (656,000)(1) 3,099,000 Total shareholders' equity 9,863,000 (18,921,000)(1)(2) (9,058,000) ----------- ------------ ----------- $54,706,000 $(22,672,000) $32,034,000 =========== ============ =========== See accompanying notes to unaudited pro forma condensed consolidated financial information.