EX-99.20 3 dex9920.txt REPORT TO UNITED STATES BANKRUPTCY CRT 10/31/2001 EXHIBIT 99.20 -------------------------------------------------------------------------------- OFFICE OF THE UNITED STATES TRUSTEE -------------------------------------------------------------------------------- IN RE: ) DEBTOR IN POSSESSION OPERATING REPORT ) ------------------------------------- ) MATTHEWS STUDIO EQUIPMENT GROUP & SUBSIDIARIES) REPORT NUMBER 19 Page 1 of 3 ) FOR THE PERIOD FROM: October 1, 2001 ) TO: October 31, 2001 ) ------------------------------------------------ ) ---------------------------------------------- CHAPTER 11 CASE NO. SV00-13471KL ) ---------------------------------------------- SEE ATTACHED 1. Profit and Loss Statement A. Related to Business Operations: Gross Sales ------------------ Less Sales Returns and Discounts ------------------ Net Sales - -------------- Less: Cost of Goods Sold Beginning Inventory at Cost - ------------------ Add: Purchases ------------------ Less: Ending Inventory at Cost - ------------------ Cost of Goods Sold - -------------- Gross Profit - ------------- Other Operating Revenue (Specify) - ------------- Less: Operating Expenses Officer Compensation ------------------ Salaries & Wages - Other Employees ------------------ Total Salaries & Wages - -------------- Employee Benefits - -------------- Payroll Taxes ------------------ Real Estate Taxes (Personal Property Tax) ------------------ Federal and State Income Taxes ------------------ Total Taxes - -------------- Rent and Lease Exp. (Real and Personal Property) - ------------------ Interest Expense (Mortgage, Loan, etc.) - ------------------ Insurance ------------------ Automobile Expense ------------------ Utilities (Gas, Electric, Water, Telephone, etc.) ------------------ Depreciation and Amortization ------------------ Repairs and Maintenance ------------------ Advertising - ------------------ Supplies, Office Expenses, Photocopies, etc. ------------------ Bad Debts - ------------------ Miscellaneous Operating Expenses (Specify) - ------------------ -------------- Total Operating Expenses - ------------- Net Gain/(Loss) from Business Operations - ------------- B. Not Related to Business Operations Income: Interest Income -------------- Other Non-Operating Revenues (Specify) -------------- Gross Proceeds on Sale of Assets ----------------- Less: Original Cost of Assets plus Expenses of Sale ----------------- Net Gain/(Loss) on Sale of Assets -------------- Total Non-Operating Income ------------- Expenses Not Related to Business Operations: Legal and Professional Fees ------------- Other Non-Operating Expenses (Specify) ------------- Total Non-Operating Expenses - ------------- NET INCOME /(LOSS) FOR PERIOD - ============= ------------------------------------------------------------------------------------------------------------------- Revised April 1989 OPERATING REPORT UST-4 -------------------------------------------------------------------------------------------------------------------

MATTHEWS STUDIO EQUIPMENT GROUP & SUBSIDIARIES Statement of Operations for the Period October 31, 01 -------------------------------------------------------------------------------- ($000's) REVENUES Sales - Rental revenues - ---------------- Total revenues - Cost of goods sold - Cost of rental operation - ---------------- Total cost of sales and rental - Gross profits - Selling expense - General & administration 7 ---------------- Total operating expenses 7 Operating profit (7) Depreciation & amortization - Coporate Interest allocation - DIP Interest - Other income & expenses - ---------------- Earnings before reorganization items & income tax provision (7) Reorganization items: Loss from sales of assets/Closing cost of facility - Professional fees 61 Provision for rejected executory contracts - Interest earned on accumulated cash resulting from chapter 11 Proceeding - ---------------- Total reorganization items 61 Income(loss) before income tax provision (68) Income tax (benefits) - ---------------- Net income (loss) (68) ================

------------------------------------------------------------------------------------------------------------------------------------ DEBTOR IN POSSESSION OPERATING REPORT NO. 19 ------------------------------------------------------------------------------------------------------------------------------------ Page 2 of 3 2. Aging of Accounts Payable and Receivable (exclude pre-petition debt from accounts payable): -------------------------------------------------------- Accounts Payable Accounts Receivable -------------------------------------------------------- Current Under 30 days $0 $ 0 Overdue 31 - 60 days $0 $ 0 Overdue 61 - 90 days $0 $ 0 Overdue 91 - 120 days $0 $ 0 Overdue 121 + days $0 $1,013,328 -------------------------------------------------------- Total $0 $1,013,328 --------------------------------------------------------

*NOTE: Insurasnce coverage expired 10/1/01. All the Estates' fixed assets and equipment have been sold and all employees have been terminated. The only remaining assets in the estate include cash, receivables and some causes of action for preference recoveries. The need for Property, Casualty, General Liability and Workers' Compensation insurance coverage no longer exists. -------------------------------------------------------------------------------- DEBTOR IN POSSESSION OPERATING REPORT NO. 19 -------------------------------------------------------------------------------- Page 3 of 3 6. Questions: A. Has the Debtor provided to any officers, directors, shareholders, or other principals compensation without the approval of the Office of the United States Trustee? _____ : Yes Explain:_______________________________________________ X :No B. Has the Debtor, subsequent to the filing of the petition made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? _____ : Yes Explain:_______________________________________________ X : No 7. Statement of Unpaid Professional Fees (Post-Petition Only):

**NOTE: Professional fees are paid by Matthews Studio Equipment Group for all the subsidiaries. 8. Narrative Report of Significant Events And Events Out Of The Ordinary Course Of Business: N/A 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every calendar quarter)

I, Ellen Gordon, Estate Representative, declare under penalty of perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge. Dated:_________________ Signed: __________________________________________

MATTHEWS STUDIO EQUIPMENT GROUP 8-K