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SCHEDULE III
ZAPATA CORPORATION
(PARENT COMPANY ONLY)
CONDENSED BALANCE SHEET
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<CAPTION>
SEPTEMBER 30,
1994
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(IN
THOUSANDS)
<S> <C>
Current assets:
Cash and cash equivalents....................................... $ 11,096
Receivables..................................................... 700
Prepaid expenses and other current assets....................... 1,918
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Total current assets.......................................... 13,714
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Investments and other assets:
Investments in and advances to subsidiaries*.................... 174,629
Investment in equity securities................................. 14,471
Other assets.................................................... 6,026
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Total investments and other assets............................ 195,126
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Property and equipment:
Cost............................................................ 5,213
Accumulated depreciation, depletion and amortization............ (3,316)
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1,897
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Total assets.................................................. $210,737
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Current liabilities:
Accrued liabilities............................................. $ 2,871
Accrued interest................................................ 533
Income taxes payable............................................ 268
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Total current liabilities..................................... 3,672
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Long-term debt.................................................... 43,363
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Other liabilities................................................. 9,160
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Stockholders' equity.............................................. 154,542
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Total liabilities and stockholders' equity.................... $210,737
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* Eliminated in consolidation.
This condensed statement should be read in conjunction with the
Consolidated Financial Statements and Notes thereto which are included in Item
8 herein.
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