Exhibit 99
KIRKLAND & ELLIS LLP
Citigroup Center
153 East 53rd Street
New York, New York 10022-4675
Telephone: (212) 446-4800
Facsimile: (212) 446-4900
Richard M. Cieri (RC-6062)
Jonathan S. Henes (JH-1979)
Attorneys for the Debtors and Debtors in Possession
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
- ------------------------------------------------x
:
In re : Chapter 11
:
SOLUTIA INC., ET AL., : Case No. 03-17949 (PCB)
:
Debtors. : (Jointly Administered)
:
- ------------------------------------------------x
THIS MONTHLY OPERATING STATEMENT APPLIES TO:
X All Debtors Axio Research Corporation
- --- ---
Solutia Inc. Solutia Investments, LLC
- --- ---
Solutia Business Enterprises Inc. Beamer Road Management Company
- --- ---
Solutia Systems, Inc. Monchem, Inc.
- --- ---
Solutia Overseas, Inc. Solutia Inter-America, Inc.
- --- ---
CPFilms Inc. Solutia International Holding, LLC
- --- ---
Solutia Management Company, Inc. Solutia Taiwan, Inc.
- --- ---
Monchem International, Inc. Solutia Greater China, Inc.
- --- ---
MONTHLY OPERATING STATEMENT FOR THE
MONTH OF APRIL 2005(1)
----------------------
<FN>
(1) The information contained in the Debtors' monthly operating report
(the "MOR") is unaudited and is limited to the time period
indicated and is presented in a format prescribed by the bankruptcy
court. The MOR does not purport to represent financial statements
prepared in accordance with GAAP nor is it intended to fully
reconcile to the financial statements filed by Solutia Inc. with
the Securities and Exchange Commission. Additionally, while every
effort has been made to assure its accuracy and completeness,
errors or omissions may have inadvertently occurred and the Debtors
reserve the right to amend their MOR as necessary.
1
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
- ------------------------------------------------x
:
In re : Chapter 11
:
SOLUTIA INC., ET AL., : Case No. 03-17949 (PCB)
:
Debtors. : (Jointly Administered)
:
- ------------------------------------------------x
MONTHLY OPERATING STATEMENT FOR THE
MONTH OF APRIL 2005
-------------------
DEBTORS' ADDRESS: 575 Maryville Centre Dr.
St. Louis, MO 63141
DEBTORS' ATTORNEY: KIRKLAND & ELLIS LLP
Richard M. Cieri (RC-6062)
Jonathan S. Henes (JH-1979)
Citigroup Center
153 East 53rd Street
New York, New York 10022-4675
CURRENT MONTH NET INCOME ($M): $4
REPORT PREPARER: Timothy J. Spihlman
THIS OPERATING STATEMENT MUST BE SIGNED BY A REPRESENTATIVE OF THE DEBTORS
The undersigned, having reviewed the attached report and being familiar with
the Debtors' financial affairs, verifies under penalty of perjury, that the
information contained herein is complete, accurate and truthful to the best
of my knowledge.
DATE: May 18, 2005 /s/ Timothy J. Spihlman
-------------------------
Timothy J. Spihlman
Vice President and Controller
Indicate if this is an amended statement by checking here:
---
2
SOLUTIA INC., ET. AL.,
Case Nos. 03-17948 (PCB) through 03-17962 (PCB)
(Debtors in Possession)
MONTHLY DISBURSEMENTS BY DEBTOR
For the Month of April 2005
- ----------------------------------------------------------------------------
Solutia Inc. $ 212,113,086.83
- ----------------------------------------------------------------------------
Solutia Business Enterprises Inc.* $ --
- ----------------------------------------------------------------------------
Solutia Systems, Inc. $ 13,000.00
- ----------------------------------------------------------------------------
Solutia Overseas, Inc.* $ --
- ----------------------------------------------------------------------------
CPFilms Inc. $ 8,586,436.86
- ----------------------------------------------------------------------------
Solutia Management Company, Inc.* $ --
- ----------------------------------------------------------------------------
Monchem International, Inc.* $ --
- ----------------------------------------------------------------------------
Axio Research Corporation $ 27.01
- ----------------------------------------------------------------------------
Solutia Investments, LLC* $ --
- ----------------------------------------------------------------------------
Beamer Road Management Company* $ --
- ----------------------------------------------------------------------------
Monchem, Inc.* $ --
- ----------------------------------------------------------------------------
Solutia Inter-America, Inc. $ 131,988.80
- ----------------------------------------------------------------------------
Solutia International Holding, LLC* $ --
- ----------------------------------------------------------------------------
Solutia Taiwan, Inc. $ 14,631.91
- ----------------------------------------------------------------------------
Solutia Greater China, Inc.* $ --
- ----------------------------------------------------------------------------
<FN>
*These non-operating debtors had no constructive disbursements made on
their behalf.
3
SOLUTIA INC., ET. AL.,
Case Nos. 03-17948 (PCB) through 03-17962 (PCB)
(Debtors in Possession)
STATEMENT ON INSURANCE
For the Month of April 2005
All insurance policy premiums due, including those for workers compensation
and disability insurance, have been paid and all the policies remain in
effect.
4
SOLUTIA INC., ET. AL.,
Case Nos. 03-17948 (PCB) through 03-17962 (PCB)
(Debtors in Possession)
SOLUTIA GROUP*
STATEMENT OF CONSOLIDATED OPERATIONS (UNAUDITED)
(DOLLARS IN MILLIONS)
MONTH ENDED
APRIL 30, 2005
--------------
TOTAL NET SALES $255
TOTAL COST OF GOODS SOLD 223
----
GROSS PROFIT 32
TOTAL MAT EXPENSE 23
----
OPERATING INCOME 9
EQUITY EARNINGS FROM AFFILIATES 10
INTEREST EXPENSE (7)
OTHER INCOME, NET 1
REORGANIZATION ITEMS:
Professional fees (6)
----
INCOME BEFORE TAXES 7
Income tax expense 1
----
NET INCOME $ 6
====
See Accompanying Notes to Consolidated Financial Statements
<FN>
*Includes non-U.S. subsidiaries of the Solutia Inc. corporate organization
that did not commence Chapter 11 cases.
5
SOLUTIA INC., ET. AL.,
Case Nos. 03-17948 (PCB) through 03-17962 (PCB)
(Debtors in Possession)
SOLUTIA GROUP*
STATEMENT OF CONSOLIDATED FINANCIAL POSITION (UNAUDITED)
AS OF APRIL 30, 2005
(Dollars in
ASSETS millions)
------ -----------
Cash $ 67
Trade Receivables, net 311
Inventories 255
Other Current Assets 93
-------
TOTAL CURRENT ASSETS 726
Property, Plant and Equipment, net 817
Investments in Affiliates 189
Intangible Assets, net 113
Other Assets 139
-------
TOTAL ASSETS $ 1,984
=======
LIABILITIES AND SHAREHOLDERS' DEFICIT
-------------------------------------
Accounts Payable $ 194
Short Term Debt 300
Other Current Liabilities 212
-------
TOTAL CURRENT LIABILITIES 706
Long-Term Debt 270
Other Long-Term Liabilities 261
-------
TOTAL LIABILITIES NOT SUBJECT TO COMPROMISE 1,237
LIABILITIES SUBJECT TO COMPROMISE 2,170
SHAREHOLDERS' DEFICIT (1,423)
-------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT $ 1,984
=======
See Accompanying Notes to Consolidated Financial Statements
<FN>
*Includes non-U.S. subsidiaries of the Solutia Inc. corporate organization
that did not commence Chapter 11 cases.
6
SOLUTIA INC., ET. AL.,
Case Nos. 03-17948 (PCB) through 03-17962 (PCB)
(Debtors in Possession)
SOLUTIA GROUP*
STATEMENT OF CONSOLIDATED CASH FLOWS (UNAUDITED)
(DOLLARS IN MILLIONS)
MONTH ENDED
APRIL 30, 2005
--------------
NET CASH PROVIDED BY OPERATING ACTIVITIES:
Net income $ 6
Depreciation and amortization 10
Restructuring expenses and other unusual items (6)
Changes in assets and liabilities:
Trade receivables (14)
Inventories 8
Accounts payable 1
Other assets and liabilities 25
----
NET CASH PROVIDED BEFORE REORGANIZATION ITEMS 30
OPERATING CASH FLOWS - REORGANIZATION ITEMS:
Professional services fees (4)
Employee severance and retention payments (3)
----
NET CASH USED IN REORGANIZATION ITEMS (7)
----
NET CASH PROVIDED BY OPERATING ACTIVITIES 23
====
NET CASH USED IN INVESTING ACTIVITIES:
Property, plant and equipment purchases (4)
----
NET CASH USED IN INVESTING ACTIVITIES (4)
====
NET CASH USED IN FINANCING ACTIVITIES:
Net change in short-term debt obligations (20)
Net change in cash collateralized letters of credit 2
----
NET CASH USED IN FINANCING ACTIVITIES (18)
====
NET INCREASE IN CASH AND CASH EQUIVALENTS 1
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 66
----
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 67
====
See Accompanying Notes to Consolidated Financial Statements
<FN>
*Includes non-U.S. subsidiaries of the Solutia Inc. corporate organization
that did not commence Chapter 11 cases.
7
SOLUTIA INC., ET. AL.,
Case Nos. 03-17948 (PCB) through 03-17962 (PCB)
(Debtors in Possession)
SOLUTIA CHAPTER 11 DEBTORS
STATEMENT OF CONSOLIDATED OPERATIONS (UNAUDITED)
(DOLLARS IN MILLIONS)
MONTH ENDED
APRIL 30, 2005
--------------
TOTAL NET SALES $204
TOTAL COST OF GOODS SOLD 187
----
GROSS PROFIT 17
TOTAL MAT EXPENSE 18
----
OPERATING LOSS (1)
EQUITY EARNINGS FROM AFFILIATES 11
INTEREST EXPENSE, NET (5)
OTHER INCOME, NET 3
REORGANIZATION ITEMS:
Professional fees (4)
----
INCOME BEFORE TAXES 4
Income Taxes -
----
NET INCOME $ 4
====
See Accompanying Notes to Consolidated Financial Statements.
8
SOLUTIA INC., ET. AL.,
Case Nos. 03-17948 (PCB) through 03-17962 (PCB)
(Debtors in Possession)
SOLUTIA CHAPTER 11 DEBTORS
STATEMENT OF CONSOLIDATED FINANCIAL POSITION (UNAUDITED)
AS OF APRIL 30, 2005
(Dollars in
ASSETS millions)
------ -----------
Cash $ 9
Trade Receivables, net 173
Account Receivables-Unconsolidated Subsidiaries 50
Inventories 157
Other Current Assets 56
-------
TOTAL CURRENT ASSETS 445
Property, Plant and Equipment, net 685
Investments in Subsidiaries and Affiliates 515
Intangible Assets, net 101
Other Assets 88
-------
TOTAL ASSETS $ 1,834
=======
LIABILITIES AND SHAREHOLDERS' DEFICIT
-------------------------------------
Accounts Payable $ 152
Short Term Debt 300
Other Current Liabilities 152
-------
TOTAL CURRENT LIABILITIES 604
Other Long-Term Liabilities 208
-------
TOTAL LIABILITIES NOT SUBJECT TO COMPROMISE 812
LIABILITIES SUBJECT TO COMPROMISE 2,282
SHAREHOLDERS' DEFICIT (1,260)
-------
TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT $ 1,834
=======
See Accompanying Notes to Consolidated Financial Statements
9
SOLUTIA INC., ET. AL.,
Case Nos. 03-17948 (PCB) through 03-17962 (PCB)
(Debtors in Possession)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
1. NATURE OF OPERATIONS AND BANKRUPTCY PROCEEDINGS
Nature of Operations
Solutia Inc., together with its subsidiaries (referred to herein as
"Solutia", the "Solutia Group" or the "Company"), is a global manufacturer
and marketer of a variety of high-performance chemical-based materials.
Solutia is a world leader in performance films for laminated safety glass
and after-market applications; specialty products such as water treatment
chemicals, heat transfer fluids and aviation hydraulic fluids; and an
integrated family of nylon products including high-performance polymers and
fibers.
Prior to September 1, 1997, Solutia was a wholly-owned subsidiary
of the former Monsanto Company (now known as Pharmacia Corporation, a
wholly-owned subsidiary of Pfizer, Inc.). On September 1, 1997, Pharmacia
distributed all of the outstanding shares of common stock of Solutia as a
dividend to Pharmacia stockholders (the "spinoff"). As a result of the
spinoff, on September 1, 1997 Solutia became an independent publicly held
company and its operations ceased to be owned by Pharmacia. A net deficiency
of assets of $113 million resulted from the spinoff.
Proceedings Under Chapter 11 of the Bankruptcy Code
On December 17, 2003 Solutia Inc. and its 14 U.S. subsidiaries
(collectively, "Debtors") filed voluntary petitions for reorganization under
Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the
Southern District of New York. The cases were consolidated for the purpose
of joint administration and were assigned case number 03-17949 (PCB).
Solutia's subsidiaries outside the United States were not included in the
Chapter 11 filing.
The filing was made to restructure Solutia's balance sheet by
reducing indebtedness to appropriate levels, to streamline operations and
reduce costs, in order to allow Solutia to emerge from Chapter 11 as a
viable going concern, and to obtain relief from the negative financial
impact of liabilities for litigation, environmental remediation and certain
postretirement benefits and liabilities under operating contracts, all of
which were assumed at the time of the spinoff of Solutia from Pharmacia
(collectively, "legacy liabilities"). These factors, combined with the
weakened state of the chemical manufacturing sector, general economic
conditions and continuing high, volatile energy and crude oil costs have
been an obstacle to Solutia's financial stability and success. While Solutia
believes it will be able to significantly reduce the legacy liabilities
through the bankruptcy process, there can be no certainty that it will be
successful in doing so.
Under Chapter 11, Solutia is operating its businesses as a
debtor-in-possession ("DIP") under court protection from creditors and
claimants. Since the Chapter 11 filing, all orders sufficient to enable
Solutia to conduct normal business activities, including the approval of
Solutia's DIP financing, have been entered by the bankruptcy court. While
Solutia is subject to Chapter 11, all transactions not in the ordinary
course of business require the prior approval of the bankruptcy court.
10
As a consequence of the Chapter 11 filing, pending litigation
against Solutia is generally stayed, and no party may take any action to
collect its pre-petition claims except pursuant to order of the bankruptcy
court. November 30, 2004 was the last date by which holders of pre-filing
date claims against the Debtors could file such claims. Any holder of a
claim that was required to file such claim by November 30, 2004, and did not
do so, may be barred from asserting such claim against the Debtors and,
accordingly, may not be able to participate in any distribution with respect
to such claim. Differences between claim amounts identified by the Debtors
and claims filed by claimants will be investigated and resolved in
connection with the Debtors' claims resolution process, and only holders of
claims that are ultimately allowed for purposes of the Chapter 11 case will
be entitled to distributions. Solutia has not yet completed its analysis of
all the proofs of claim. Because the settlement terms of allowed claims are
subject to a confirmed plan of reorganization, the ultimate distribution
with respect to allowed claims is not presently ascertainable.
In order to exit Chapter 11 successfully, Solutia must propose and
obtain confirmation by the bankruptcy court of a plan of reorganization that
satisfies the requirements of the U.S. Bankruptcy Code. As provided by the
U.S. Bankruptcy Code, Solutia had the exclusive right to propose a plan of
reorganization for 120 days following the Chapter 11 filing date. The
bankruptcy court has subsequently approved several extensions of the
exclusivity period, the most recent of which is set to expire on July 11,
2005. No assurance can be given that any future extension requests will be
granted by the bankruptcy court. Moreover, although Solutia expects to file
a plan of reorganization that provides for Solutia's emergence from
bankruptcy as a going concern, there can be no assurance that a plan of
reorganization will be confirmed by the bankruptcy court or that any such
plan will be implemented successfully.
Solutia believes that its plan of reorganization will result in
cancellation of its existing shares of common stock, as well as options and
warrants to purchase its common stock, and that it is unlikely that holders
of Solutia's common stock, including options and warrants to purchase
Solutia's common stock, will receive any consideration for that stock or
those options and warrants in such a plan of reorganization. Solutia is
unable to estimate what recovery such a plan of reorganization will provide
to holders of Solutia's outstanding debt securities. While Solutia filed for
Chapter 11 in part to gain relief from the legacy liabilities it was
required to assume when it was spun off from Pharmacia, the extent to which
such relief will be achieved is uncertain at this time. It is also possible
that Solutia will agree to retain a portion of the legacy liabilities as
part of its plan of reorganization.
Basis of Consolidation
The consolidated financial statements of the Solutia Group include
the accounts of Solutia Inc. and its majority-owned U.S. and non-U.S.
subsidiaries. The non-U.S. subsidiaries did not commence Chapter 11 cases.
The consolidated financial statements of the Solutia Chapter 11 Debtors
include the accounts of Solutia Inc. and its majority-owned U.S.
subsidiaries, with investments in non-U.S. subsidiaries accounted for on the
cost basis. In each case, all significant intercompany transactions and
balances have been eliminated in consolidation. Companies in which Solutia
has a significant interest but not a controlling interest are accounted for
under the equity method of accounting and included in investments in
subsidiaries and affiliates in the statement of consolidated financial
position. Solutia's proportionate share of these companies' net earnings or
losses is reflected in equity earnings (loss) from affiliates in the
consolidated statement of operations. In accordance with Financial
Accounting Standards Board Interpretation No. 46, Consolidation of Variable
Interest Entities, variable interest entities in which Solutia is the
primary beneficiary are consolidated within the consolidated financial
statements.
Certain information and footnote disclosures normally included in
financial statements prepared in accordance with generally accepted
accounting principles in the United States of America have been
11
condensed or omitted for purposes of this Operating Report. The consolidated
statement of operations for any interim period is not necessarily indicative
of the results that may be expected for a quarter, full year, or any future
interim period.
Liquidity
At April 30, 2005, total liquidity for the Solutia Group was
approximately $200 million, consisting of $67 million of cash and DIP
facility availability of $133 million. At April 30, 2005, total liquidity
for the Solutia Chapter 11 Debtors was approximately $142 million,
consisting of $9 million of cash and DIP facility availability of $133
million.
2. SIGNIFICANT ACCOUNTING POLICIES
The significant accounting policies are consistent with those
listed in the Company's 2004 Annual Report on Form 10-K filed with the
Securities and Exchange Commission on March 10, 2005.
3. SUPPLEMENTAL INFORMATION - STATEMENT OF CONSOLIDATED CASH FLOWS
Restructuring Expenses and Other Unusual Items
Restructuring expenses and other unusual items included in the
consolidated statement of operations and the statement of consolidated cash
flows consisted of a one-time, non-operational gain of $6 million incurred
by one of Solutia's equity affiliates.
12
SOLUTIA INC., ET. AL.,
Case Nos. 03-17948 (PCB) through 03-17962 (PCB)
(Debtors in Possession)
SOLUTIA CHAPTER 11 DEBTORS
SCHEDULE OF FEDERAL, STATE AND LOCAL TAXES COLLECTED, WITHHELD OR PAID
MONTH ENDED APRIL 30, 2005
PRE-PETITION POST-PETITION TOTAL
AMOUNT AMOUNT AMOUNT
------------ ------------- ------
1. GROSS SALARIES AND WAGES - 22,865,813.19 22,865,813.19
2. PAYROLL TAXES WITHHELD - 6,029,165.64 6,029,165.64
3. EMPLOYER PAYROLL TAX CONTRIBUTED - 1,744,794.96 1,744,794.96
4. GROSS TAXABLE SALES - 1,025,549.53 1,025,549.53
5. SALES TAXES COLLECTED - 359,254.13 359,254.13
6. PROPERTY TAXES PAID - 240,936.48 240,936.48
7. OTHER TAXES PAID - 37,585.00 37,585.00
13
SOLUTIA INC., ET. AL.,
Case Nos. 03-17948 (PCB) through 03-17962 (PCB)
(Debtors in Possession)
SOLUTIA CHAPTER 11 DEBTORS
SCHEDULE OF FEDERAL, STATE AND LOCAL TAXES COLLECTED, WITHHELD OR PAID
MONTH ENDED APRIL 30, 2005
DATES AND AMOUNTS PAID TO TAXING AGENCIES (ITEMS 2, 3, 5, 6, 7)
PRE-PETITION POST-PETITION TOTAL ITEM
DEBTOR ENTITY DATE AMOUNT AMOUNT AMOUNT TYPE OF TAX NUMBER
- -----------------------------------------------------------------------------------------------------------------
Solutia Inc. 04/01/05 - 277,738.49 277,738.49 Employee Payroll Taxes 2
Solutia Inc. 04/06/05 - 100,671.34 100,671.34 Employee Payroll Taxes 2
Solutia Inc. 04/07/05 - 73,998.39 73,998.39 Employee Payroll Taxes 2
Solutia Inc. 04/08/05 - 195,878.23 195,878.23 Employee Payroll Taxes 2
Solutia Inc. 04/11/05 - 14,885.18 14,885.18 Employee Payroll Taxes 2
Solutia Inc. 04/13/05 - 89,676.82 89,676.82 Employee Payroll Taxes 2
Solutia Inc. 04/14/05 - 190,000.59 190,000.59 Employee Payroll Taxes 2
Solutia Inc. 04/15/05 - 1,702,165.59 1,702,165.59 Employee Payroll Taxes 2
Solutia Inc. 04/20/05 - 92,738.32 92,738.32 Employee Payroll Taxes 2
Solutia Inc. 04/21/05 - 71,382.22 71,382.22 Employee Payroll Taxes 2
Solutia Inc. 04/22/05 - 288,046.85 288,046.85 Employee Payroll Taxes 2
Solutia Inc. 04/25/05 - 832.05 832.05 Employee Payroll Taxes 2
Solutia Inc. 04/27/05 - 98,925.95 98,925.95 Employee Payroll Taxes 2
Solutia Inc. 04/28/05 - 186,244.29 186,244.29 Employee Payroll Taxes 2
Solutia Inc. 04/29/05 - 2,634,631.72 2,634,631.72 Employee Payroll Taxes 2
Solutia Inc. 04/01/05 - 59,022.75 59,022.75 Employer Payroll Taxes 3
Solutia Inc. 04/06/05 - 28,764.27 28,764.27 Employer Payroll Taxes 3
Solutia Inc. 04/07/05 - 23,065.18 23,065.18 Employer Payroll Taxes 3
Solutia Inc. 04/08/05 - 46,046.03 46,046.03 Employer Payroll Taxes 3
Solutia Inc. 04/11/05 - 2,946.17 2,946.17 Employer Payroll Taxes 3
Solutia Inc. 04/13/05 - 26,180.45 26,180.45 Employer Payroll Taxes 3
Solutia Inc. 04/14/05 - 63,037.10 63,037.10 Employer Payroll Taxes 3
Solutia Inc. 04/15/05 - 568,820.69 568,820.69 Employer Payroll Taxes 3
Solutia Inc. 04/20/05 - 94,708.80 94,708.80 Employer Payroll Taxes 3
Solutia Inc. 04/21/05 - 21,981.38 21,981.38 Employer Payroll Taxes 3
Solutia Inc. 04/22/05 - 77,426.18 77,426.18 Employer Payroll Taxes 3
Solutia Inc. 04/25/05 - 343,065.65 343,065.65 Employer Payroll Taxes 3
Solutia Inc. 04/27/05 - 1,085,293.54 1,085,293.54 Employer Payroll Taxes 3
Solutia Inc. 04/28/05 - 62,177.70 62,177.70 Employer Payroll Taxes 3
Solutia Inc. 04/29/05 - 733,848.62 733,848.62 Employer Payroll Taxes 3
Solutia Inc. 04/15/05 - 4,977.11 4,977.11 Sale/Use 5
Solutia Inc. 04/19/05 - 294,941.09 294,941.09 Sale/Use 5
CP Films, Inc. 04/28/05 - 53,960.02 53,960.02 Sales 5
CP Films, Inc. 04/28/05 - 5,375.91 5,375.91 Use 5
Solutia Inc. 04/05/05 - 19.00 19.00 Property Tax 6
Solutia Inc. 04/28/05 - 240,917.48 240,917.48 Property Tax 6
Solutia Inc. 04/01/05 - 170.00 170.00 Annual Report 7
CP Films, Inc. 04/11/05 - 24,100.00 24,100.00 Other- Income 7
Solutia Systems, Inc. 04/11/05 - 13,000.00 13,000.00 Other- Income 7
Solutia Inc. 04/14/05 - 315.00 315.00 Annual Report 7
14