EX-99.1 2 d61527_ex99-1.txt SEPTEMBER 2004 MONTHLY OPERATING REPORT LaSalle Re Holdings Exhibit 99.1 UNITED STATES BANKRUPTCY COURT _______________DISTRICT OF_______________ In re: LaSalle Re Holdings Limited Case No. 03-12637(MFW) Reporting Period: September 2004 MONTHLY OPERATING REPORT File with Court and submit copy to United States Trustee within 20 days after end of month. Submit copy of report to any official committee appointed in the case.

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of of my knowledge and belief. /s/ Alan L. Hunte October 20, 2004 --------------------------------------- ----------------------- Signature of Debtor Date /s/ Alan L. Hunte October 20, 2004 --------------------------------------- ----------------------- Signature of Joint Debtor Date /s/ Alan L. Hunte October 20, 2004 --------------------------------------- ----------------------- Signature of Authorized Individual* Date Alan L. Hunte --------------------------------------- Printed Name of Authorized Individual* *Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. LaSalle Re Holdings Exhibit 99.1 LaSalle Re Holdings Limited Case No. 03-12637 (MFW) Debtor Reporting Period: September 2004 Statement of Operations (Income Statement) ================================================================================ Month Ended Cumulative REVENUES August 2004 Filing to Date ================================================================================ Gross Revenues $ -- $ -- -------------------------------------------------------------------------------- Less: Returns and Allowances -- -- ================================================================================ Net Revenue $ -- $ -- -------------------------------------------------------------------------------- COST OF GOODS SOLD -------------------------------------------------------------------------------- Beginning Inventory -- -- -------------------------------------------------------------------------------- Add: Purchases -- -- -------------------------------------------------------------------------------- Add:Cost of Labor -- -- -------------------------------------------------------------------------------- Add: Other costs (schedule attached) -- -- -------------------------------------------------------------------------------- Less: Ending Inventory -- -- -------------------------------------------------------------------------------- Cost of Goods Sold -- -- ================================================================================ Gross Profit -- -- -------------------------------------------------------------------------------- OPERATING EXPENSES -------------------------------------------------------------------------------- Advertising -- -- -------------------------------------------------------------------------------- Auto and Truck Expense -- -- -------------------------------------------------------------------------------- Bad Debts -- -- -------------------------------------------------------------------------------- Contributions -- -- -------------------------------------------------------------------------------- Employee Benefits Programs -- -- -------------------------------------------------------------------------------- Insider compensation* -- -- -------------------------------------------------------------------------------- Insurance -- -- -------------------------------------------------------------------------------- Management Fees/Bonuses -- -- -------------------------------------------------------------------------------- Office Expense -- -- -------------------------------------------------------------------------------- Pension & Profit-Sharing Plans -- -- -------------------------------------------------------------------------------- Repairs and Maintenance -- -- -------------------------------------------------------------------------------- Rent and Lease Expense -- -- -------------------------------------------------------------------------------- Salaries/Commissions/Fees -- -- -------------------------------------------------------------------------------- Supplies -- -- -------------------------------------------------------------------------------- Taxes-Payroll -- -- -------------------------------------------------------------------------------- Taxes-Real Estate -- -- -------------------------------------------------------------------------------- Taxes-Other -- -- -------------------------------------------------------------------------------- Travel and Entertainment -- -- -------------------------------------------------------------------------------- Utilities -- -- -------------------------------------------------------------------------------- Other (attach schedule) -- -- ================================================================================ Total Operating Expenses Before Depreciation -- -- -------------------------------------------------------------------------------- Depreciation/Depletion/Amortization -- -- ================================================================================ Net Profit(Loss) Before Other Income & Expenses -- -- -------------------------------------------------------------------------------- OTHER INCOME AND EXPENSES -------------------------------------------------------------------------------- Other Income (attach schedule) 1,111,069 (4,923,338) -------------------------------------------------------------------------------- Interest Expense -- -------------------------------------------------------------------------------- Other Expense (attach schedule) -- -- ================================================================================ Net Profit (Loss) Before Reorganization Items 1,111,069 (4,923,338) -------------------------------------------------------------------------------- REORGANIZATION ITEMS -------------------------------------------------------------------------------- Professional Fees -- -- -------------------------------------------------------------------------------- U.S. Trustee Quarterly Fees -- -- -------------------------------------------------------------------------------- Interest Earned on Accumulated Cash -- -------------------------------------------------------------------------------- from Chapter 11 (see continuation sheet) -- -- -------------------------------------------------------------------------------- Gain(Loss) from Sale of Equipment -- -- -------------------------------------------------------------------------------- Other Reorganization Expenses (attach schedule) -- -- ================================================================================ Total Reorganization Expenses -- -- -------------------------------------------------------------------------------- Income Taxes -- -- ================================================================================ Net Profit (Loss) $1,111,069 $(4,923,338) ================================================================================ FORM MOR-2 LaSalle Re Holdings Exhibit 99.1 LaSalle Re Holdings Limited Case No. 03-12637 (MFW) Debtor Reporting Period: September 2004 STATEMENT OF OPERATIONS - continuation sheet ================================================================================ Month Ended Cumulative BREAKDOWN OF "OTHER" CATEGORY August 2004 Filing to Date ================================================================================ -------------------------------------------------------------------------------- Other Costs -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Other Operational Expenses -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Other Income -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Equity in Undistributed Income (Loss) of Unconsolidated Subsidiaries 1,111,069 (4,923,338) -------------------------------------------------------------------------------- Total Other Income (Loss) $1,111,069 $(4,923,338) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Other Expenses -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -- -- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Other Reorganization Expenses -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -- -- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- ================================================================================ FORM MOR-2 LaSalle Re Holdings Exhibit 99.1 LaSalle Re Holdings Limited Case No. 03-12637 (MFW) Debtor Reporting Period: September 2004 BALANCE SHEET

FORM MOR-3 (9/99) LaSalle Re Holdings Exhibit 99.1 LaSalle Re Holdings Limited Case No. 03-12637 (MFW) Debtor Reporting Period: September 2004 BALANCE SHEET - continuation sheet

FORM MOR-3 (9/99)

LASALLE RE HOLDINGS LTD 8-K