- 54 - As of that date, the outstanding principal balances of the transfers associated with these agreements totaled $2,256,223. PKVI LP’s financial statements for the year ended December 31, 1991, are not part of the record in these cases. On the Balance Sheets included in PKVI LP’s reviewed financial statements for the year ended December 31, 1992, PKVI LP’s total and current liabilities were listed as $2,334,551 as of December 31, 1991. The $2,334,551 included $2,256,223 for long-term debt in default, $76,058 for accrued expenses, and $2,270 for accounts payable. On the Schedule L attached to PKVI LP’s Form 1065 for 1991, $2,256,223 was listed under “Mortgages, notes, and bonds payable in less than 1 year” as of the end of that year. As of December 31, 1992, PKVI LP had loan agreements outstanding with Liberty Life and MGFP. As of that date, the outstanding principal balances of the transfers associated with these agreements remained $2,256,223. This entire amount was listed as a current liability on the Balance Sheets included in PKVI LP’s reviewed financial statements for the year ended December 31, 1992. On the Schedule L attached to PKVI LP’s Form 1065 for 1991, $335,448 was listed under “Mortgages, notes, and bonds payable in less than 1 year” as of the end of that year, and $2,528,779 was listed under “All nonrecourse loans”.Page: Previous 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 Next
Last modified: May 25, 2011