SATUS INC.
Interim Consolidation Trial Balance
Table of Contents
Company name G.M.C.C.
-@portin4 Date 6 30101
Form
Description
Disposition
A
Saiance Sheet
X
9
Income Statement
D
Commentary - Income Statement
To follow
E
Commentary - Balance Sheet
To follow
G
Reserves, Intangibles and
x
Investments in Subsidiaries
GI
Reconciliation - UK to US Met Income
X
G2
Reeoncilistion - UK to US Zquity
X
j
Investments
X
X
Stocks (Inventories)
X
L
Debtors, Pr*paids, Other Assets
x
N
borrowings
X
N1
Interest Paid
x
0
Creditors
X
P
Provisions
X
ID
Intercompany Accounts
X
T
short Capital
X
TI
Investment in Subsidisrits
X
V
current cost Accounting R*qutr*aents
To follow
W1 US
Analysis Of 05 Tax Provision
x
W1 09
Analysis of us Tax Provision
X
W2 UK
Analysis of Deferred Tax Balances-Ug
X
W2 US
Analysis of Deferred Tot Balances-Us
x
M.;
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hWUS"M P.LJ-' D0001MM COPY pnou= PW=Aw To VILD, OF
COMW JU0QMPff ono mw w Smir aF ANSWAL AT 4& K PmV A%WW ET M@ CASE No. C14W-GM
Company Name r Form A
Reporting Date 6 A3
Currency us S 000
Prepared- 7/30/81
Excrsango rate
Balance Sheet
Prior* U.K. U.S. Can.
Year
Form Lln*_uescripcion ACCto. ACCtQ.(l
Ad-1.
642
Cash and Deposits; Cash
242
Deposits
96
13,305
K
Stocks JInvontories)
15,183
7,044
L
Debtors; fAccounts Rectiva-
ble, intercompany Current
10,187
Accounts, Prepeids and
Other Assets)
14S
G
Intanqibles Not
140
2,643
Fixed Assets Net
2,950
-
Leased Assets Net
(FAS8 13)
129,277
J
Investments
.129,277
(Including Intercompany
Loans)
153 CS9
TOTAL ASSETS
158 075
6,466
0
Creditors (Accounts Pay-
12,283
able. Intercompany Current
Accounts, Accrued
Liabilities, Long-Term
Creditors)
68
N
Bovrowinqs*(Currant and
55
Long-T&rm Debt. Inter-
company Loans, 3k. Overdrafts;
$41
7
Provisions IZMPI*ye*
773
Benefit funds, Current
Taxation, Deferred Taxation,
General Provisions)
10,500
T
Share Capital
10,500
160,350
G
Capital Reserves (Addit.anal
160,350
Paid in Capital)
(2s.166
G
Revenue Reserves ( stained
(25 1 W
(Earnings)
I
:
153,059
EQUITY
TOTAL LIABILITIES
15a,075
(1) U.S. and U.X-AccountLag are the saws; therefore, it is not considered r%)
necessary to insert ummts In this column.
CC)
*U.X. Accounting Basis C:)
**Attach explanation and detail by type of adjustment.
S.A.T lmxwrm p.Lx. - J%vWGYA Dwomm Copy - PnoMM PuMUAOT To I VNA OF
CONSEW AWGMM DATIM 54M 0 STATE CF MWWAM"AL IT AL_ V, PWV WOM U.&V CASK NO. C1-944W5
Company "amt C.M-C.C. Form 8
Reporting Date
Currency US S Q00
-
Prepared
7.-%p/g,
Exchange Rate
Income Statement
Prior* U.K. U.S. Con.
Year Form Line Description ACCtq. Acctq. f i Mi.
19,710
TURNOVER
22,410
Z2,981
(571)
Cost of Products Sold
X
Excise Taxes (SWT)
Selling, General and
Administrative Expenses
Other Income jExpans*)
(104)
TRADING PROFIT
(960)
123
J
Investment Income
29
N1
Interest Paid
61
(61)
PROFIT BEFORE TAX
(892)
11090
wi
Taxation -
(39)
1,029
PROFIT AFTER TAX
(833)
(61000)
ordinary Dividends Declared
9,500)
6,000
Dividends Received
8,500
1,029
Retention%
(1,053)
L
(1) M= has so CrB adjustments other than for inter-group *also,
therefore, U.S. colvem equals U.K. Colman an OU other lines.
*6 Konths to June, 1980, UK Accounting Basis
**&ttach explanation and detail by type of adjustment.
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B.A..T 104KW"M P-L& 000WOM CO" - PROWCO PU""ff To VM OF
COWNT JUMOW DA10 &*" 0 SrAlff OF A&MWTA, ET AL V pWV kf&"& sT CAM Ho. C14M405
Company Name
-
r
2
Form G
Reporting 'Data-
1,5,
i
2
Prepared 7/30/Rl
Reserves, Intangibles and Investment in Subsidiaries
Uk-n-Un-g
Appropriations
Other
Capital-
Closin-g
aal&vw* -
and Retention&
Transfers
Movements
Ization
-bal ance,
-
Form
Investments in SUbsidliries
129,272
129,222
3. T
U0,350
160,350
Oth
-
gt,l
Form A
Reventse Reserves
eneral
-
RevenUW
Profit &Q !Zan
-
(1,8531
(7-S ARfi
Form A
Total
C1 mrA)
*Intangibles
112
(2
IAn
Form A
can lidation Adiustments
L
P Is I Relgrve
Reven2e Reserve
Form A
Total
**Attach explanation and detail by type of adjustment.
P
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goo-Wto v" wo IW 13 VWOW dnWd 'A *W 13 VIOMW 40 VU W IGW OUVO ANINNOW IN32WO
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CO
N- Company name Form GI
Reporting Date 9/1698i
Prepared
C)
C\j Reconcilil-t-lon, - Ul Net Profit to 95 Net Income
Prior
Year* Item Description Current Year
Sl'.029 not Profits UK iccounting ptt ram 5 (853)
Dividend Income 8,500
Net lnwm*t US Accounting per Standard
Reporting Packaq* S
*6 Months to June 1980
Company Name G.M.C.C. Form G2
x*PQrting D&I-0- 6/30/81
prepared 7/30/81
Reconciliation - VK Accounting Equity to US Accounting Equity
Prior
Year Item Description Current Year
$ Total Capital and Reserves par Form A $ 1",964
No CTB adjustments
5 Shareholders Z"ityi 06 Accounting per
Standard Reporting Package
M.)
00
BAT INWWr=8 P.LC. MwWwA Ommurm Copy - PROM= PUrAUAHr To VILD. OF
CONWW JUOMW DAM MM W STAIN OF &MMA, ET AL V, PMLV MWM ET CASE NO. C1444M
Company Max* G.M.C.C. form i
Reporting Do 10 NO
Prepared_ 7 WON
Investments and Investment Insome
Book Value
Trade Investments
Intercompany Loans - per Form 0 0
Investments in Subsidiaries
(See Form TI for all pertinent
details) G 129,272
Total Financial Investments -129,272
Current Investments 5
Total Investuents -129,277
A
U.K. U.S. Con.
A.*.- fil AA4-
investment Inca"
Trade Investment Income
Current investment Income
Short-term Deposit Income
Intercompany Interest Income
29
(Perform 0 Tbtals)
Total
(1) Sos, note on Form A
CO
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B.A.T NUMT740 P-LC- - MWMWA DWOMM COPY PMMXM PWWAW To VWD. OF
COMW JUDOMM DAMD MW 0 SUM OF AMPMWA, gr AL V. PMV NOW Er CAN NO. C1-9"M
Prior
U.K.
U.S.
Con.
Year
Acctq.
Acctq.(l
Adj.
3,648
Raw HAtorials
4,860
2,312
Work in Process
31001
6,201
Pinished Goods
6,542
Goods Purchased for Resale
1,147
Consumable Stores ISupplies)
694
13,308
Total Stocks
A
A
A
L
LIFO R*sorv*
(1) See note on Fora A
-@j
N
Company Name C
r,
-C
form K
R*portLng Da o
;/In/
fli
Prepared 1/101
21
Stocks
LA. .T kAXWMD P.L-r- ONNOWA OPOOffM CC" PWOOCSO "W"T T* VILD. oF
CONUNT jWOM" DAlto SWU w #rATE OF MWMMM fiT M- v, POP MOMEL M41, CAN NO- C'4*4M
Prior
U.K.
U.S.
Con.
Year
cctq.
Acctq. (
1)
Adi.
6,3S6
Trade-Debtors (Accounts
8,831
Receivable)
Sundry D*btorst
53
Other
442
Prepaid Expenses, Deferred
679
Charges and Oth*r Assets
Accru*d Incom*
'46
Int*rcompany Current Accounts
(Debit Balances):
Current Accounts - Per
624
Form Q
Dividends Rec*ivablt
Per form Q
Total Debtors
10,187
A
A
A
(1)
Sea note on Form A
Company Nam* G.M.C.C
.
Form L
neporting Pat* 6130181
Prepared 7/30/81
Debtors
LIN;
C:@
C:
B.A.T hWUSTMES P.LC. MWjgWA DWOVrOW COPY - POXNXW PUMAW TO WD. OF
CoNsaw iuomw DAm awn So Sum oF MMpxw& er AL v. Pwr Way& rr CAM Mo. Cl-"406
-ditor and Type of Loan
Amount
Rate
at
Fir
Last
Total
:,k Loans,
ank Overdrafts
(Total Only):
Total Bank Loans am
Overdrafts
:her Long-Term Loans
Von-bankt
Total
Dort-Term Loans
Son-Bank (including
Commercial !Mr)l
N.Y. Job Development
55
6%
7/15/77
3/15/85
55
Total
Le rcoop&ny Loam per
Vora a
C)
r1j
Total
Total Borrowings
55
55 co
A
Company Name r. M !, r Form M
Reporting Vate 6130/11
Prepared 7/30/81
Borrowings
Payment Dates
Secured Interest
LA.T haisTmo P.Lm - Mmmum Doomm COPY - PROCUM PWMAW To VILD. OF
comwimaw DAm own w SrAyeaFftwom, srAL Y. PWP&%w& sT CAnNo.Cl-944M
Company Name G.M-C-r. Form NI
Reporting Date 6/30/gi
Prepared 7/10/21
InterestPaid (Expense)
U.K. U.S. Con.
Aceta. Aeeta_ (IN AA4.f2l
External:*
@ank Loans and Overdrafts (1)
$
Long-Term Loans (Non-Bank) (1)
Short-Term loans (Non-Bank)
2
Total Paid to Third Parties
2
Intercompany Interest Expense
59
(Per Form 0 Totals)
Total Interest Paid
61 1
$
*These claxsifAcations must be consistent with Form N.
(2) bank service cbarg*so debt expense amortization, etc., if classified
as interest expense on a U.S. basis, should be allocated to the
appropriate line i.e.# bank loans and overdrafts, long-term loans,
short-term loans.
121 Cap4talized Interest should be allocated to the line items
noted, as appropriate, so that the U.I. column is an Indication of
Qross Interest paid to third parties.
(3) Sea note on Foru A
NJ
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LAJ Mmmmm P.Lc. - MmanoTA DoKwrm Copy - POMUCED PuNuAW To VILD. OF
Comew Ju0=sxr DATED $AM im Sms oF Almmosom sT AL Y. Pwp AMNM ST W_ CAN No. C14MM"
Comp;ny Namete G.M,C.C. Form 0
Repo ting Do 6/30/81
Prepared 7130/61
Creditors
Prior
U.K.
U.S.
Can.
Year
ccta.
AcctQ-(1
Adi.
2,796
Trade Creditors
2,736
-Obligations Under Capital
Looses
-
2
Sales Tax
2
Duty and zxcise Taxes Payable
Coupon Redemption (NNT only)
172
Sundry
222
2's"
Accrued Zxpensoo
5,201
Deferred Credits to Income
Intercompany Accounts
(Credit Ralances)t
932.
Current Accounts-ftr Farr 0
4,122
Dividends Payable-Per Form 0
Total
12,293
A
A
A
A
@,I) See note on Form A
PQ
C)
Nj
C)
8JL.T b"WROM P.L.C. MOMMMA DgKWTOM Copy ppoww Purmmr To WD. OF
CoMpu JUDOWNT DAM SON 41 STAN CF XWWOTA, ET At. V, PMLF NOW AT CAW NO- C14448"
Company Name C,_M_C!_ (!_ Form P
Reporting Date 6/3n/ I
Prepared 7/3Q/RI
Provisions
Closing
Balances
Current Taxation
Dus Within I Year:
Pat so* 1 773
COUS41dotion Adi.
Total 773
Total Provisions 773 Form A
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B.A.T INoLomin P.Lx. - MmmswA Domffm COPY PmoucED PUPWANT To VILD. OF
cowww JuD@Kr DATE9 awn w SrA jw oF AW*awL st AL V. PMAP MAIL AT AL. C AN NO. C I 4M4=5
Company Name G.H.C.C. form U 1/2
Reporting Veto s/3o/sl
Prepared 7/30/91
Inrerccwpany Accetints
Balances as at 6/30/81
move, viest MURES MUST INCLAM9 ALL ADJUSTMENTS/ENTRIES MADE
IN ORDER TO AGREE BALANCE -
Divideoias
Current Accounts Loans Interco. InLereat
Asset Liabilitj
Asset
Liabilit
Expense
Income
Asset
Liaoility
Accounts within the
Groups
n
a Tobacco
a & W International
31mbels-Saks Retailing
Corporation
Kohl Corporation
Appleton ripers, Inc.
GOMOLRO FAMtOil
Cossetiquto Inc.
BATUS Inc.
1,706
59
29
13 & W Industries
vitn Food Products
Total
1,706
59
29
Accounts with BAT
loo,
t
ndp
E;J.
a j
E
:
ATIF
South Western Nominees
BAT Industries
Total
Cl
0
Company Nam 14, C, C rorm U 2/2
Reporting Date. fiZ3.2Z91
Pr*pare& 77TU791-
IntercMany Accounts
Balances as at 6/30/81 NOTE: THESE FIGURES MUST INCLUDE ALL ADJUSTMENTS/ENT-A-1-M-M-ADE
IN ORDER TO ACREE BALANCE
Current ACCOUntS - Loans Interco. interest Dividends
Asset 161abilit Asset Liability Expense Income Asset Liability
Accounts with Other
Company)
SAC Royalty 564
General Chemicals 1,722
Superior Cosmetics 359
Beebe 4 Sons 130
GN France 3
Cycle. of London 16
GM, Brazil I
SAC South Africa so
SAC Regular a
SAC Canada 21
L*ntheri c 100
rdley of London 3
y
onteil UK Ltd. 26
Total 1624
no Grand Total 59
Forms L 0 N Ni j L 0
P
Company Name GjI.C.C. Form T
Report ng Date 6130JR1
Prepared 7110LAI
Share Capital
Ordinary Shares
No. a
Shares Amount
Share Capital
Nominal Value January 1, 1981 105,000. $10,500
Shares Issued*
Shares Retired, etc.*
nominal Value June 30, 1981 $10,50
A
*If any activity, please Indicate dates thereof.
C:1
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L-4
L.71
B.A.T INMSTMS P4.C. - UNNOMA OPOSMORT COPY - PMWM PURKWIT TO VILD. OF
CON"W JUDGM11M DA'MD M" So am GF MWMWA. Er AL V. A" Mom& Er CAM NO. C14M4M"
Company Wave G.M. C. C. Form T1
Reporting Date
Prepared VNIAt
Investments in Subsidiaries
Investments
Book yont Dividends
I U.IA V.I.. Val"& 0-i-A
Mame of Subsidiary:
Appleton Papers Inc.
100
129,272
1
B'SOO
Total L
-100
W &22 1
J, G
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B.A.T INDUSTMES P.LC. - UMNESOTA DEPOWORY COPY - PWWCED PURSUANT To VILD. OF
CONWNTJUDQNENT DATED GWft1N-tTA7WQF4*ffAWTA, NTAL, V. P#"AOMW ETA CASENO.Cl-944US
CML JY Wim G. M. C. C.
W-1 U.S.
DATE 6/30/91 - CURILERCY 4 VNrT_0 _S ?REPAP--D 7/30/81
ANALYSIS OF TAX TROVISION'
6 Months to 6/30151
U.S. U, K. ADJ.
'%rULAILUM Vr ZrVZ6iLVL LAA-J%AL&
?rofit Before Income Tax
Estimated 12 Mo. to 12/31/81
1,3 0
Permanent Differences-
lax ftempt Interest
Goodwill Amortization
Other (Attach Cxplanation)
oak Taxable Income Before
-state & Local Income Tax
1T,r,1 f If- I 1-h-, A!
-
State & Local Income Tax
60
ome
Back
In
T
01
i,,,, Line
c
-
4
"
1 7aft
'U.S. Tax at 46% a Line 7
593
i. Adj. for Special late Items
(I.e. capital GainSILDOW
-
D. U.S. Tax Ware Credits
(Line 8 glus/mings Line 91
Investment Tax Credits
2. H.O.L. Carry Forward
593
Total Credits '"I"' It plus
3
.
Line 12,
593
4. local U.S. Tax ;m look Taxabli
Inca" (Line 10 sinus Line 13
15. State 4 Local Income, Tax
(From Use 6)
ika
Total
Tax la
ter* Adjustments
;.6. for T
O
E
11M
11"M
1T
(Lin
U8
e
VI
.
60
@7. Annual Effective Tax Rate
(Line 16 divided by Line 1)
4.4%
-8. Profit Before Income Tax - 6
Mon. to Juno 30. 1981
(8921
1
C:)
Total Tax Before Adjunments
A for Timing Differences
(Liao 18 tizes Line 17)
(39)
00
LA-T Immmm P.LC. - UN40MA DpoeffMy Copy - PROOMD puRSUMT To V11.0. OF
CoNauT Juo@w WID SWN IN frAll OF AWOMOTA, ET AL y, PHW MOM ET CASE NO. C14M4M5
Company Name G.M.C.C. W-1 UK
Date 6/30/81 Currency & Unit_RS 5 Pre 7/30/81
Analysis of Tax Provision
6 Months to
6/30181
11 R ilk A44
9. Total tax before ment
,
t
U
1
0
*:
for 1:1 in5diff*,,:
9
C
(fro.
(39)
line 19
. -1 US)
Deferred
Deferred
Adjustments for Deferred Tax:
Current
Lonit Term
RO. Current Deferred (See Attached)
21. Long-term Deferred (Set Attached)
22. Total Current Tax - U.S. As Adj.
(Line 19 mintis 20 minus 21)
(39)
Analysis of UK Tax Provision
I ILI lic 4
1. Total Tax Before Adj. for
Timing Differences
(F ow Line 19. Form W-1 U.S.
See Instr.)
A. (39)
B.
C.
Ear.: =r* -
Def... Unlike v
2. Adlustments for CTB: (See
Do erred Probable Attached)
13. Deferred Ualikely (See Attached)
> <
4. Total Current Tax-CTB
Lin
Li - minus 31
A. (39)
R.
C.
5. Total UK Tax
Total
5-UK
T,.x
=
Line I
(Line 1(s) - Line 4(c)
S
(39)
6. Difference between US tax
and UK tax (Line 1(c) +
Line 4(c)
NJ
C:)
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(Z-3
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LA.T WNSTM8 P.Lr- - Man= Duawrony Copy - PM=cgo PuMAmr To VLD. oF
CONBEW JUDOMM DAWD VM 0 IrAlff OF AbMWTA. IT N. V. PMLV NAMM ET CAM NO. C1464M
M_r r, W-2 U.S.
CRC*ap0p:zTft*9a`;:t* 21 - i
6/10/21
ftepered 7/10121
AXALYSIS W WYEUKD TAX BALANCES
Actual Total
Wance -6-Month Kstl"2f-A* Wance
U.S. CUUENT PWION 12-31-5 Timing Adj - Tax 61301AI
State h Local Taxes
other (List sajor Item only)
N/A
State 6 Local
subtotal&
To Form W-1 U.S.
U.S. LM-TM FORTIO Use 20
Depreciation
Passion
state & Local Tsaos
FASI 013 N/A
Other (Listaijor itms only)
State 6 Local
Subtatals
To Form V-1 U.S.
Lima 21
Grand Totals
A :h*uld be based upac 1/2 of the proj*cted 1981 change in the
of*rred tax balances
NJ
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B.A.T INM@TM P.LC. - &WIMMA OPOWORY COPV - PFAWJM PUMANT To I VLD. OF
COMW JU0QWNT DAIM WU IN SMIF OF MMOMOTA, ET AL V. PWV MOM& ET COM ND.C14K4MM5
Compan Name M C, r- Form W2 UK
a ing Date G, -/'An /RI_
31r; -pare
Analysis of Deferred Tax Balances
Actual Total
Balance balance
'i
(3)
r
r
d Un!Ikely
provided,
,;:,
:
r
an Books which fs
not provided for
I
ca
CTS Purpo
a
C64
re
n
Timing DM
expected to Con-
W/A
tinue Beyond thro*
Y9 ra,
T:x Depreciation
exceeds book
Depreciation
Pension & Def-
erred Camp.
state & Local
Taxes
Total
To Form V-
WK Line 3
I
r
d ;@obable
4. Pro &0*4
:,
,@
,
on books which Is
also provided for
eTs on Timing
Differences
expected to "Turn
Around' within
three yearst
S.tate 6 Local
Taxes
Others
ro Form V
LUX Lin*
Total Maximum
Liability)
Should be based upon V2 of the projected 1981
chanSe in the deforred tax balances
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CONSEW JUIDWWff DAWD WSM IN MAIF OF WAVEWA, Er AL V, PWLJP ARNM Er At- CAME NO. C1 94
OD
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CoNuwJwowwDAmwMwSTAxoFmMWAD"AsrALv.Pmv-UAwmEr CASSNO.C14M-SM
COWAMS TAUTZQP
G*rmlue maceil
cmpny wome, ..... q9MV1449P.Sms ...
Data
6-30-81
............................
carreacy Valt ....... W ................
1propand .... ...........
Code
codel
Oversess Tax -
R39
A4
cog"Tation Tax IMLS Stress,
mu
3622
Available ACT
3US
Doetle Tax &Oust ""a ftr&m
2614
3626
Available ACT
MIS
Vorallemed ACI
-
,
V.I. Deferrad tax
3617
427
m
Total of ewes 361 mod M
Tax I-mosm
367
111, somata - V.I.
- *
3642
Othe! tax -
;
%
11tol"No
-
M!M
3,01
m
W
-
cosselldstift U)"emost V-2.
Total
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