<PAGE>
ZAPATA CORPORATION
CONSOLIDATED BALANCE SHEET
ASSETS
<TABLE>
<CAPTION>
SEPTEMBER 30, SEPTEMBER 30,
1995 1994
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(IN THOUSANDS)
<S> <C> <C>
Current assets:
Cash and cash equivalents........................ $ 2,488 $ 9,717
Receivables...................................... 17,550 17,996
Inventories:
Fish products.................................. 22,947 34,143
Materials, parts and supplies.................. 3,358 3,601
Prepaid expenses and other current assets........ 2,400 2,478
Net assets of discontinued operations............ 101,894 103,117
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Total current assets......................... 150,637 171,052
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Investments and other assets:
Notes receivable (net of a $4.3 million
allowance)...................................... -- 1,925
Production payment and other receivable.......... 8,864 --
Investments in unconsolidated affiliates and
equity securities............................... 18,235 14,471
Deferred income taxes............................ 6,247 2,915
Other assets..................................... 16,170 15,783
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Total investments and other assets........... 49,516 35,094
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Property and equipment:
Marine protein................................... 67,553 60,188
Oil and gas, full cost method.................... 3,359 77,066
Corporate........................................ 3,363 5,213
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74,275 142,467
Accumulated depreciation, depletion and
amortization.................................... (35,037) (93,825)
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39,238 48,642
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Total assets................................. $239,391 $254,788
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The accompanying notes are an integral part of the financial statements.
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