<PAGE>
ENERGY INDUSTRIES
NOTES TO THE COMBINED FINANCIAL STATEMENTS--(CONTINUED)
NOTE 4. PROPERTY, PLANT AND EQUIPMENT
Upon the Acquisition, Energy Industries increased the net book value of
property, plant and equipment by $22.5 million to reflect the estimated fair
market value of the rental fleet and land and facilities at the date of the
Acquisition. Property, plant and equipment as of September 30, 1994 are
comprised as follows (in thousands):
<TABLE>
<S> <C>
Rental fleet..................................................... $49,760
Patterns and forms............................................... 145
Leasehold improvements........................................... 899
Furniture and fixtures........................................... 212
Computer equipment............................................... 942
Machinery and equipment.......................................... 1,303
Buildings........................................................ 2,376
Land............................................................. 1,024
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56,661
Less accumulated depreciation.................................... (4,165)
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$52,496
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</TABLE>
Depreciation expense for the eleven months ended September 30, 1994 was
$4,201,000.
NOTE 5. GOODWILL
Goodwill as of September 30, 1994 is summarized as follows (in thousands):
<TABLE>
<S> <C>
Goodwill......................................................... $19,328
Accumulated amortization......................................... (443)
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$18,885
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</TABLE>
Amortization expense for goodwill totalled $443,000 for the eleven months
ended September 30, 1994.
NOTE 6. ACCRUED LIABILITIES
Accrued liabilities as of September 30, 1994 are summarized as follows (in
thousands):
<TABLE>
<S> <C>
State Income Taxes................................................. $ 425
Accrued Payroll.................................................... 1,279
Ad Valorem Taxes................................................... 375
Accrued Warranty................................................... 250
Other Accrued Liabilities.......................................... 1,666
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$3,995
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</TABLE>
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