MAGNUSSON’S CURRENT FINANCIAL CONDITION

MAGNUSSON’S CURRENT FINANCIAL CONDITION

Here are the current book and market values of Magnusson’s assets and liabilities. The only assets of

interest to buyers are its tangible (physical assets) which are listed below. The value of the contaminated

facility and the land it was built on is zero and it is not included in the assets below. There is no cash or

accounts receivable because these were used by the bankruptcy court to pay off part of the claims of

Magnusson’s creditors (mostly taxes, employee wages and pension arrears, and some suppliers). Against

these assets are the claims of suppliers and a bank loan used to finance a portion of the inventory.

FGH hired a valuation consultant for Magnusson’s tangible assets and liabilities. Here are the consultant’s

conclusions.