Motors Liquidation Co - FORM 8-K - EX-99

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8-K - Motors Liquidation Co	mm11-0409_8k.htm

Exhibit 99.1

B26 (Official Form 26) (12/08)

United States Bankruptcy Court

Southern District of New York

In re Motors Liquidation Company, et. al.,

Case No. 09-50026

Debtors

Chapter 11

PERIODIC REPORT REGARDING VALUE, OPERATIONS AND PROFITABILITY OF ENTITIES IN WHICH THE ESTATE OF MOTORS LIQUIDATION COMPANY

HOLDS A SUBSTANTIAL OR CONTROLLING INTEREST

This is the report as of August 31, 2009 on the value, operations and profitability of those entities in which the estate holds a substantial or controlling interest, as required by Bankruptcy Rule 2015.3. The estate of Motors Liquidation Company holds a substantial or controlling interest in the following entities. The other three jointly administered Debtors, who are themselves subsidiaries of Motors Liquidation Company do not hold substantial or controlling interests in any entity.

Name of Entity	Interest of the Estate	Tab #
See Exhibit 1

This periodic report (the “Periodic Report”) contains separate reports (“Entity Reports”) on the value, operations, and profitability of each entity listed above.

Each Entity Report shall consist of three exhibits. Exhibit A contains a valuation estimate for the entity as of a date not more than two years prior to the date of this report. It also contains a description of the valuation method used. Exhibit B contains a balance sheet, a statement of income (loss), a statement of cash flows, and a statement of changes in shareholders’ or partners’ equity (deficit) for the period covered by the Entity Report, along with summarized footnotes. Exhibit C contains a description of the entity’s business operations.

Please note with respect to Exhibit A, it would be prohibitively expensive, unduly burdensome, and an inefficient use of estate assets for the Debtors to obtain current market valuations of the non-debtors in which the Debtors hold a direct interest of 20% or more; therefore, the net book value of the assets of these entities is reflected in Exhibit B on the respective balance sheet for each non-debtor entity.

With respect to Exhibit B, the balance sheet and statement of income have been included when available for each non-debtor entity. Statements of cash flows and statements of changes in shareholders’ equity are not prepared for each entity but rather only at the consolidated level. System and resource constraints preclude the Debtors from preparing

these statements at the entity level; therefore, these statements have been excluded from this report.

Please note that with respect to Exhibit C, the business operations descriptive information is contained in Exhibit 1 for each entity.

The financial information in this Form 26 filing is based upon the Debtor’s books and records. The financial information is unaudited and does not purport to show the financial statements of any of the non-debtors in accordance with accounting principles generally accepted in the United States of America (“GAAP”), and therefore may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, valuations, and disclosure items. Although management has made reasonable efforts to ensure that the financial information is accurate and complete based on information that was available to them at the time of the preparation, subsequent information or discovery may result in material changes to the information and inadvertent errors or omissions may exist. Certain information presented in this Form 26 pertains to entities whose financial information is not controlled by the Debtors. Moreover, because the financial information included in this filing is unaudited information that is subject to further review and potential adjustment, there can be no assurance that the information is accurate and complete. Nothing contained in this filing shall constitute a waiver of any rights of the Debtors, specifically including the Debtors’ right to amend the information.

THIS REPORT MUST BE SIGNED BY A REPRESENTATIVE OF THE TRUSTEE OR DEBTOR IN POSSESSION.

The undersigned, having reviewed the above listing of entities in which the estate of Motors Liquidation Company holds a substantial or controlling interest, and being familiar with the Debtor’s financial affairs, verifies under the penalty of perjury that the listing is complete, accurate and truthful to the best of his/her knowledge.

Date: November 2, 2009

/s/ James Selzer

Signature of Authorized Individual

/s/ James Selzer

Name of Authorized Individual

Vice President and Treasurer

Title of Authorized Individual

	Company Name	Category	Owner %	Description	Pg #

1	Alan Reuber MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
2	Albany Auto Group, LLC	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
3	Alhambra Pontiac GMC Buick, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
4	Alternative Energy Services LLC	Other	100.0%	Inactive entity created and never used relating to cogeneration facility in New Jersey.	-	[3]
5	Amherst MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
6	Auburn MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
7	Autocity MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
8	Beacon MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
9	Beil Acquisition Corporation	Other	100.0%	Inactive entity created purchase AC Delco Distributor in New York. Assets were sold a few months after the legal entity was created.	-	[3]
10	Bennett MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
11	Bensonhurst Chevrolet, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
12	Buick GMC of Milford, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
13	Cadillac of Lynbrook, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
14	Carnahan MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
15	Champion MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
16	Cobb Parkway MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership		[1]

	Company Name	Category	Owner %	Description	Pg #

17	Colchester Chevrolet, Inc.	Dealership	65.0%	Inactive or already liquidated dealership	-	[1]
18	Commerce MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
19	Commonwealth On The Lynnway, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
20	Dadeland MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
21	DDH Investments of South Texas, Inc.	Dealership	85.6%	Inactive or already liquidated dealership	-	[1]
22	Decatur Buick Pontiac GMC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
23	Douglaston Chevrolet, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
24	DP Compressors L.L.C.	Historical Operating Entity	50.0%	Inactive operating entity created for possible transaction.	-	[3]
25	Elk Grove Buick Pontiac GMC, Inc.	Dealership	68.0%	Inactive or already liquidated dealership	-	[1]
26	Elk Grove MLST Auto, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
27	El-Mo Holding I Corporation	Historical Operating Entity	100.0%	Inactive holding company	-	[3]
28	El-Mo Holding II Corporation	Historical Operating Entity	100.0%	Inactive holding company	-	[3]
29	El-Mo Leasing II Corporation	Historical Operating Entity	100.0%	Engaged in leasing locomotives in the United States and Mexico.	5
30	El-Mo Leasing III Corporation	Historical Operating Entity	100.0%	Engaged in leasing locomotives in the United States and Mexico.	8
31	El-Mo-Mex, Inc.	Historical Operating Entity	100.0%	Engaged in leasing locomotives in the United States and Mexico.	11
32	Environmental Corporate Remediation Company, Inc.	Historical Operating Entity	100.0%	Engaged in management of environmental remediation liabilities.	-	[2]

	Company Name	Category	Owner %	Description	Pg #

33	Ernie Patti Pontiac GMC, Inc.	Dealership	69.0%	Inactive or already liquidated dealership	-	[1]
34	Exeter MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
35	Fairway Automotive Group, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
36	Falls MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
37	Family MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
38	Fernandez MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
39	Florence MLC, Inc.	Dealership	77.0%	Inactive or already liquidated dealership	-	[1]
40	Freeborough Automotive, Inc.	Dealership	69.5%	Active dealership	-	[1]
41	Freehold MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
42	Frontier MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
43	GEM Motors, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
44	General Motors Foreign Sales Corporation	Foreign	100.0%	Inactive operating entity created to minimize tax obligations.	-	[3]
45	General Motors Nova Scotia Finance Company	Foreign	100.0%	Finance company created to issue GBP bonds.	14	[4]
46	General Motors Strasbourg	Foreign	100.0%	Active operating entity that produces rear wheel drive transmissions for New GM and BMW.	17
47	General Motors Trade Receivables LLC	Historical Operating Entity	100.0%	Inactive operating entity created to purchase and sell receivables.	-	[3]
48	Gilroy MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership		[1]

	Company Name	Category	Owner %	Description	Pg #

49	GM Facilities Trust No. 1999-1	Other	100.0%	Trust relating to synthetic lease of spo properties.	-	[3]
50	Hawaii Automotive Retailing Group, Inc.	Dealership	72.1%	Active dealership	-	[1]
51	Hope Automotive, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
52	Integrity Saturn of Chattanooga, Inc.	Dealership	78.8%	Active dealership	-	[1]
53	Jennings Motors, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
54	John H. Powell, Jr. Chevrolet Oldsmobile, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
55	Joseph Motors, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
56	Kaufman Automotive Group, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
57	Kings Mountain MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
58	LBK, LLC	Historical Investment Entity	100.0%	Inactive entity created for the UAW VEBA trust. Liability was assumed by New GM as part of the 363 sale.	20
59	Leo Stec MLST, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
60	Lexington Motors, Inc.	Dealership	72.0%	Inactive or already liquidated dealership	-	[1]
61	Lou Sobh Cerritos Saturn, Inc.	Dealership	82.2%	Active dealership	-	[1]
62	Lou Sobh Saturn of Elmhurst, Inc.	Dealership	100.0%	Active dealership	-	[1]
63	Lou Sobh Saturn, Inc.	Dealership	85.2%	Active dealership	-	[1]
64	Lowell MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]

	Company Name	Category	Owner %	Description	Pg #

65	Manual Transmissions of Muncie, LLC	Historical Operating Entity	100.0%	Inactive operating entity relating to New Venture Gear. Owns vacant property.	-	[3]
66	Martino MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
67	MDIP-Norcal, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
68	Merry MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
69	Metro MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
70	Metropolitan Auto Center, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
71	Miami Lakes MLP, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
72	Millington Chevrolet, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
73	Miracle Mile MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
74	MLC Auto Receivables Co.	Historical Operating Entity	100.0%	Inactive operating entity established to sell accounts receivable.	-	[1]
75	MLC Cars Holdings Overseas Corp.	Historical Operating Entity	100.0%	Inactive operating entity	-	[1]
76	MLC Commercial Corporation	Historical Operating Entity	100.0%	Inactive operating entity	23
77	MLC DriverSite Incorporated	Other	100.0%	Inactive entity created under pilot program in Texas to purchase and sell used cars. Pilot program was closed.	-	[3]
78	MLC Export Corporation	Historical Operating Entity	100.0%	Inactive operating entity	26
79	MLC Indonesia, Inc.	Historical Operating Entity	100.0%	Inactive operating entity	29
80	MLC International Operations, Inc.	Historical Operating Entity	100.0%	Inactive operating entity	-	[3]

	Company Name	Category	Owner %	Description	Pg #

81	MLC National Car International, Ltd.	Historical Operating Entity	100.0%	Inactive operating entity	-	[3]
82	MLC of Chicopee, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
83	MLC Receivables Corporation	Historical Operating Entity	100.0%	Inactive operating entity established to purchase accounts receivable.	-	[3]
84	MLCETR Finance Company Receivables LLC	Historical Operating Entity	100.0%	Inactive operating entity established to sell accounts receivable.	-	[3]
85	MLCETR Service Parts Receivables LLC	Historical Operating Entity	100.0%	Inactive operating entity established to sell accounts receivable.	-	[3]
86	MLCLG Ltd.	Historical Operating Entity	100.0%	Inactive operating entity relating Lotus Cars.	-	[3]
87	MLCRH Kansas City, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
88	MLCRH Philadelphia, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
89	MLCRH Pittsburgh, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
90	MLCRH Seattle, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
91	MLCRH St. Louis, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
92	MLCRHLA, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
93	MLCT of Clarks Summit, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
94	MLS USA, Inc.	Historical Operating Entity	100.0%	Inactive operating entity relating to Lotus Cars.	-	[3]
95	Motor Enterprises, Inc.	Historical Operating Entity	100.0%	Inactive operating entity relating to small business development.	32
96	Motors Trading Corporation	Historical Operating Entity	100.0%	Inactive operating entity	-	[3]

	Company Name	Category	Owner %	Description	Pg #

97	Multiple Dealerships Holdings of Albany, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
98	New Castle Automotive, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
99	New Rochelle MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
100	New United Motor Manufacturing, Inc.	Historical Investment Entity	50.0%	Joint venture with Toyota. MLC does not have control over operations.	-	[5]
101	New-Cen Commercial Corporation	Historical Operating Entity	100.0%	Inactive operating entity relating to land development in the City of Detroit.	-	[3]
102	North Bay Auto Group, LLC	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
103	North Bay Multi-Site, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
104	North Orange County MLST, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
105	Northpoint MLC Truck, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
106	Oakland Automotive Center, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
107	Pacific Dealership Group, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
108	Park Plaines MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
109	Peninsula MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
110	Pontiac Buick GMC Of Abilene, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
111	Pontiac GMC of Latham, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
112	Port Arthur Chevrolet, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]

	Company Name	Category	Owner %	Description	Pg #
113	Premier Investment Group, Inc.	Dealership	100.0%	Inactive entity created to hold dealership real estate.	35
114	Prestige Saturn of Jacksonville, Inc.	Dealership	65.1%	Active dealership	-	[1]
115	Puente Hills Pontiac GMC Buick, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
116	Rancho Mirada MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
117	Remediation And Liability Management Company, Inc.	Historical Operating Entity	100.0%	Engaged in management of environmental remediation liabilities.	-	[2]
118	San Francisco Multiple Dealer Holdings, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
119	Saturn of Central Florida, Inc.	Dealership	87.4%	Active dealership	-	[1]
120	Saturn of Charlotte Market Area, Inc.	Dealership	56.8%	Active dealership	-	[1]
121	Saturn of New York City, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
122	Saturn of Ontario, Inc.	Dealership	57.8%	Inactive or already liquidated dealership	-	[1]
123	Saturn of Raleigh Market Area, Inc.	Dealership	69.1%	Active dealership	-	[1]
124	Saturn of Wilkes Barre, Inc.	Dealership	78.0%	Active dealership	-	[1]
125	Saturn Retail of South Carolina, LLC	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
126	Sherwood Pontiac Buick GMC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
127	Simpsonville MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
128	South Bay Multi-Site, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]

	Company Name	Category	Owner %	Description	Pg #
129	Sw Houston Motors, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
130	Tampa Bay MLB, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
131	Torrance Buick GMC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
132	Tracy MLP MLCC, Inc.	Dealership	42.0%	Inactive or already liquidated dealership	-	[1]
133	Trenton MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
134	Valley Stream Automotive, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
135	Valley Stream Motors, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
136	Vector SCM, LLC	Historical Operating Entity	100.0%	Inactive operating entity relating to outsourced logistical management operations.	38
137	W. Babylon MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
138	Walsh MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
139	Washington MLCT, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]
140	Westminster MLC, Inc.	Dealership	100.0%	Inactive or already liquidated dealership	-	[1]

Footnote

[1]	Financial statement information for all active and inactive dealers is included in the consolidated Motors Holding financial statements.

[2]	Entities filed for bankruptcy in October 2009. Information relating to these entities can be found in their respective Schedules of Assets and Liabilities and Statements of Financial Affairs.

[3]	Financial statements are not available for these inactive historical operating entities.

[4]	Nova Scotia Supreme Court approved an insolvency order with respect to the entity on October 9, 2009. A trustee has been appointed.

[5]	MLC owns 50% of the entity but does not maintain control of its operations. Historically, General Motors Company accounted for the joint venture as an equity investment.

Exhibit B

Financial Statements for Motors Holding

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	Motors Holding
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		Motors Holding

	Cash and Cash Equivalents	$ 23,219

	Accounts Receivable and Receivables from Affiliates	16,820
	Inventory	84,591
	Other current assets	1,883
	Total current assets	126,513

	Investment in Subsidiaries	-
	Property, plant and equipment, net	106
	Intangible assets	-
	Deferred taxes - non-current	-
	Other Non-current assets	8,747
	Total Non-current assets	8,853
	Total Assets	$ 135,366

	Accounts Payable	$ 12,880
	Notes Payable	74,703
	Accrued Expenses	477
	Accrued Taxes	122
	Total Current liabilities	88,182
	Other non-current liabilities	43,851
	Total Liabilities	132,033
	Equity	3,333
	Total Liabilities and Equity	$ 135,366

	Note: Motors Holding includes financial statement information for all active and inactive dealers.

	Motors Holding
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		Motors Holding

	Net Sales	$ 236,663

	Cost of sales	290,358
	Operating Income / (loss)	(53,695)

	Interest expense	3,067
	Reorganization expense	-
	Other non-operating expense / (income)	-
	Income / (loss) before taxes	(56,762)

	Income tax expense / (benefit)	(455)
	Income / (loss) before minority interests	(56,307)

	Minority Interest	-
	Net Income / (loss)	$ (56,307)

	Note: Motors Holding includes financial statement information for all active and inactive dealers.

Exhibit B

Financial Statements for El-Mo Leasing II Corporation

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	EL-MO Leasing II Corp.
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		EL-MO Leasing II Corp.

	Cash and Cash Equivalents	$ 173

	Accounts Receivable and Receivables from Affiliates	-
	Inventory	-
	Other current assets	-
	Total current assets	173

	Investment in Subsidiaries	-
	Property, plant and equipment, net	-
	Intangible assets	-
	Deferred taxes - non-current	-
	Other Non-current assets	-
	Total Non-current assets	-
	Total Assets	$ 173

	Accounts Payable	$ -
	Notes Payable	-
	Accrued Expenses	-
	Accrued Taxes	-
	Total Current liabilities	-
	Other non-current liabilities	-
	Total Liabilities	-
	Equity	173
	Total Liabilities and Equity	$ 173

	EL-MO Leasing II Corp.
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		EL-MO Leasing II Corp.

	Net Sales	$ 43,349

	Cost of sales	46,056
	Operating Income / (loss)	(2,707)

	Interest expense	-
	Reorganization expense	-
	Other non-operating expense / (income)	(81,816)
	Income / (loss) before taxes	79,109

	Income tax expense / (benefit)	-
	Income / (loss) before minority interests	79,109

	Minority Interest	-
	Net Income / (loss)	$ 79,109

Exhibit B

Financial Statements for El-Mo Leasing III Corporation

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	EL-MO Leasing III Corp.
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		EL-MO Leasing III Corp.

	Cash and Cash Equivalents	$ 1,167

	Accounts Receivable and Receivables from Affiliates	-
	Inventory	-
	Other current assets	-
	Total current assets	1,167

	Investment in Subsidiaries	-
	Property, plant and equipment, net	-
	Intangible assets	-
	Deferred taxes - non-current	(0)
	Other Non-current assets	-
	Total Non-current assets	(0)
	Total Assets	$ 1,167

	Accounts Payable	$ -
	Notes Payable	-
	Accrued Expenses	7,331
	Accrued Taxes	-
	Total Current liabilities	7,331
	Other non-current liabilities	41,890
	Total Liabilities	49,221
	Equity	(48,054)
	Total Liabilities and Equity	$ 1,167

	EL-MO Leasing III Corp.
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		EL-MO Leasing III Corp.

	Net Sales	$ 1

	Cost of sales	4,202
	Operating Income / (loss)	(4,201)

	Interest expense	-
	Reorganization expense	-
	Other non-operating expense / (income)	-
	Income / (loss) before taxes	(4,201)

	Income tax expense / (benefit)	-
	Income / (loss) before minority interests	(4,201)

	Minority Interest	-
	Net Income / (loss)	$ (4,201)

Exhibit B

Financial Statements for El-Mo-Mex, Inc.

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	EL-MO-MEX Inc.
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		EL-MO-MEX Inc.

	Cash and Cash Equivalents	$ 1

	Receivable from MLC	80,805
	Inventory	-
	Other current assets	-
	Total current assets	80,806

	Investment in Subsidiaries	-
	Property, plant and equipment, net	-
	Intangible assets	-
	Deferred taxes - non-current	-
	Other Non-current assets	-
	Total Non-current assets	-
	Total Assets	$ 80,806

	Accounts Payable	$ -
	Notes Payable	-
	Accrued Expenses	-
	Accrued Taxes	-
	Total Current liabilities	-
	Other non-current liabilities	-
	Total Liabilities	-
	Equity	80,806
	Total Liabilities and Equity	$ 80,806

	EL-MO-MEX Inc.
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		EL-MO-MEX Inc.

	Net Sales	$ -

	Cost of sales	-
	Operating Income / (loss)	-

	Interest expense	-
	Reorganization expense	-
	Other non-operating expense / (income)	-
	Income / (loss) before taxes	-

	Income tax expense / (benefit)	-
	Income / (loss) before minority interests	-

	Minority Interest	-
	Net Income / (loss)	$ -

Exhibit B

Financial Statements for General Motors Nova Scotia Finance Company

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	General Motors Nova Scotia Finance Company
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		General Motors Nova Scotia Finance Company

	Cash and Cash Equivalents	$ -

	Accounts Receivable and Receivables from Affiliates	5
	Inventory	-
	Other current assets	0
	Total current assets	5

	Investment in Subsidiaries	-
	Property, plant and equipment, net	-
	Intangible assets	-
	Deferred taxes - non-current	(584)
	Other Non-current assets	3,676
	Total Non-current assets	3,092
	Total Assets	$ 3,097

	Accounts Payable	$ 0
	Notes Payable	-
	Accrued Expenses	76,187
	Accrued Taxes	(327)
	Total Current liabilities	75,860
	Other non-current liabilities	1,507,092
	Total Liabilities	1,582,952
	Equity	(1,579,855)
	Total Liabilities and Equity	$ 3,097

	General Motors Nova Scotia Finance Company
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		General Motors Nova Scotia Finance Company

	Net Sales	$ 0

	Cost of sales	-
	Operating Income / (loss)	0

	Interest expense	107,379
	Reorganization expense	358,634
	Other non-operating expense / (income)	(823,501)
	Income / (loss) before taxes	357,488

	Income tax expense / (benefit)	(449)
	Income / (loss) before minority interests	357,937

	Minority Interest	-
	Net Income / (loss)	$ 357,937

Exhibit B

Financial Statements for General Motors Strasbourg S.A.S.

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	General Motors Strasbourg S.A.S.
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		General Motors Strasbourg S.A.S.

	Cash and Cash Equivalents	$ 28,302

	Accounts Receivable and Receivables from Affiliates	55,443
	Inventory	70,793
	Other current assets	14,775
	Total current assets	169,313

	Investment in Subsidiaries	-
	Property, plant and equipment, net	224,922
	Intangible assets	-
	Deferred taxes - non-current	-
	Other Non-current assets	7,879
	Total Non-current assets	232,801
	Total Assets	$ 402,114

	Accounts Payable	$ 58,842
	Notes Payable	69,750
	Accrued Expenses	32,660
	Accrued Taxes	12,122
	Total Current liabilities	173,374
	Other non-current liabilities	51,496
	Total Liabilities	224,870
	Equity	177,244
	Total Liabilities and Equity	$ 402,114

	General Motors Strasbourg S.A.S.
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		General Motors Strasbourg S.A.S.

	Net Sales	$ 227,066

	Cost of sales	222,241
	Operating Income / (loss)	4,825

	Interest expense	211
	Reorganization expense	-
	Other non-operating expense / (income)	-
	Income / (loss) before taxes	4,614

	Income tax expense / (benefit)	5,303
	Income / (loss) before minority interests	(689)

	Minority Interest	-
	Net Income / (loss)	$ (689)

Exhibit B

Financial Statements for LBK LLC.

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	LBK LLC
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		LBK LLC

	Cash and Cash Equivalents	$ -

	Receivable from MLC	-
	Inventory	-
	Other current assets	-
	Total current assets	-

	Investment in MLC	-
	Property, plant and equipment, net	-
	Intangible assets	-
	Deferred taxes - non-current	-
	Other Non-current assets	-
	Total Non-current assets	-
	Total Assets	$ -

	Accounts Payable	$ -
	Notes Payable	-
	Accrued Expenses	-
	Accrued Taxes	-
	Total Current liabilities	-
	Other non-current liabilities	-
	Total Liabilities	-
	Equity	-
	Total Liabilities and Equity	$ -

	LBK LLC
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		LBK LLC

	Net Sales	$ -

	Cost of sales	-
	Operating Income / (loss)	-

	Interest expense	-
	Reorganization expense	9,077,310
	Other non-operating expense / (income)	328,255
	Income / (loss) before taxes	(9,405,565)

	Income tax expense / (benefit)	-
	Income / (loss) before minority interests	(9,405,565)

	Minority Interest	-
	Net Income / (loss)	$ (9,405,565)

Exhibit B

Financial Statements for MLC Commercial Corporation

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	MLC Commercial Corp.
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		MLC Commercial Corp.

	Cash and Cash Equivalents	$ 119

	Accounts Receivable and Receivables from Affiliates	6,100
	Inventory	-
	Other current assets	-
	Total current assets	6,219

	Investment in Subsidiaries	-
	Property, plant and equipment, net	-
	Intangible assets	-
	Deferred taxes - non-current	-
	Other Non-current assets	-
	Total Non-current assets	-
	Total Assets	$ 6,219

	Accounts Payable	$ -
	Notes Payable	-
	Accrued Expenses	-
	Accrued Taxes	-
	Total Current liabilities	-
	Other non-current liabilities	-
	Total Liabilities	-
	Equity	6,219
	Total Liabilities and Equity	$ 6,219

	MLC Commercial Corp.
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		MLC Commercial Corp.

	Net Sales	$ -

	Cost of sales	-
	Operating Income / (loss)	-

	Interest expense	-
	Reorganization expense	-
	Other non-operating expense / (income)	24
	Income / (loss) before taxes	(24)

	Income tax expense / (benefit)	-
	Income / (loss) before minority interests	(24)

	Minority Interest	-
	Net Income / (loss)	$ (24)

Exhibit B

Financial Statements for MLC Export Corporation

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	MLC Export Corporation
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		MLC Export Corporation

	Cash and Cash Equivalents	$ 150

	Accounts Receivable and Receivables from Affiliates	16,665
	Inventory	-
	Other current assets	-
	Total current assets	16,815

	Investment in Subsidiaries	-
	Property, plant and equipment, net	-
	Intangible assets	-
	Deferred taxes - non-current	-
	Other Non-current assets	-
	Total Non-current assets	-
	Total Assets	$ 16,815

	Accounts Payable	$ -
	Notes Payable	-
	Accrued Expenses	-
	Accrued Taxes	-
	Total Current liabilities	-
	Other non-current liabilities	-
	Total Liabilities	-
	Equity	16,815
	Total Liabilities and Equity	$ 16,815

	MLC Export Corporation
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		MLC Export Corporation

	Net Sales	$ -

	Cost of sales	-
	Operating Income / (loss)	-

	Interest expense	-
	Reorganization expense	-
	Other non-operating expense / (income)	66
	Income / (loss) before taxes	(66)

	Income tax expense / (benefit)	-
	Income / (loss) before minority interests	(66)

	Minority Interest	-
	Net Income / (loss)	$ (66)

Exhibit B

Financial Statements for MLC Indonesia, Inc.

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	MLC Indonesia, Inc.
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		MLC Indonesia, Inc.

	Cash and Cash Equivalents	$ 252

	Accounts Receivable and Receivables from Affiliates	-
	Inventory	-
	Other current assets	-
	Total current assets	252

	Investment in Subsidiaries	-
	Property, plant and equipment, net	-
	Intangible assets	-
	Deferred taxes - non-current	-
	Other Non-current assets	-
	Total Non-current assets	-
	Total Assets	$ 252

	Accounts Payable	$ -
	Notes Payable	-
	Accrued Expenses	-
	Accrued Taxes	-
	Total Current liabilities	-
	Other non-current liabilities	-
	Total Liabilities	-
	Equity	252
	Total Liabilities and Equity	$ 252

	MLC Indonesia, Inc.
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		MLC Indonesia, Inc.

	Net Sales	$ -

	Cost of sales	-
	Operating Income / (loss)	-

	Interest expense	-
	Reorganization expense	-
	Other non-operating expense / (income)	-
	Income / (loss) before taxes	-

	Income tax expense (benefit)	(33)
	Income / (loss) before minority interests	33

	Minority Interest	-
	Net Income / (loss)	$ 33

Exhibit B

Financial Statements for Motor Enterprises, Inc.

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	Motor Enterprises Inc.
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		Motor Enterprises Inc.

	Cash and Cash Equivalents	$ 1,346

	Accounts Receivable and Receivables from Affiliates	-
	Inventory	-
	Other current assets	-
	Total current assets	1,346

	Investment in Subsidiaries	-
	Property, plant and equipment, net	-
	Intangible assets	-
	Deferred taxes - non-current	-
	Other Non-current assets	710
	Total Non-current assets	710
	Total Assets	$ 2,056

	Accounts Payable	$ -
	Notes Payable	-
	Accrued Expenses	-
	Accrued Taxes	-
	Total Current liabilities	-
	Other non-current liabilities	-
	Total Liabilities	-
	Equity	2,056
	Total Liabilities and Equity	$ 2,056

	Motor Enterprises Inc.
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		Motor Enterprises Inc.

	Net Sales	$ 211

	Cost of sales	108
	Operating Income / (loss)	103

	Interest expense	-
	Reorganization expense	-
	Other non-operating expense / (income)	-
	Income / (loss) before taxes	103

	Income tax expense / (benefit)	-
	Income / (loss) before minority interests	103

	Minority Interest	-
	Net Income / (loss)	$ 103

Exhibit B

Financial Statements for Premier Investment Group

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	Premier Investment Group
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		Premier Investment Group

	Cash and Cash Equivalents	$ 96

	Accounts Receivable and Receivables from Affiliates	-
	Inventory	-
	Other current assets	-
	Total current assets	96

	Investment in Subsidiaries	-
	Property, plant and equipment, net	-
	Intangible assets	-
	Deferred taxes - non-current	-
	Other Non-current assets	-
	Total Non-current assets	-
	Total Assets	$ 96

	Accounts Payable	$ -
	Notes Payable	-
	Accrued Expenses	-
	Accrued Taxes	-
	Total Current liabilities	-
	Other non-current liabilities	-
	Total Liabilities	-
	Equity	96
	Total Liabilities and Equity	$ 96

	Premier Investment Group
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		Premier Investment Group

	Net Sales	$ -

	Cost of sales	-
	Operating Income / (loss)	-

	Interest expense	-
	Reorganization expense	-
	Other non-operating expense / (income)	(4)
	Income / (loss) before taxes	4

	Income tax expense / (benefit)	-
	Income / (loss) before minority interests	4

	Minority Interest	-
	Net Income / (loss)	$ 4

Exhibit B

Financial Statements for Vector SCM, LLC

Exibit B-1

Balance Sheet as of August 31, 2009

Exibit B-2

Income Statement for the eight months ended August 31, 2009

	Vector SCM LLC
	Balance Sheet
	As of August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)

		Vector SCM LLC

	Cash and Cash Equivalents	$ 1,462

	Accounts Receivable and Receivables from Affiliates	1,152
	Inventory	14
	Other current assets	24
	Total current assets	2,652

	Investment in Subsidiaries	-
	Property, plant and equipment, net	-
	Intangible assets	-
	Deferred taxes - non-current	-
	Other Non-current assets	-
	Total Non-current assets	-
	Total Assets	$ 2,652

	Accounts Payable	$ 40
	Notes Payable	-
	Accrued Expenses	-
	Accrued Taxes	-
	Total Current liabilities	40
	Other non-current liabilities	-
	Total Liabilities	40
	Equity	2,612
	Total Liabilities and Equity	$ 2,652

	Vector SCM LLC
	Income Statement
	For the eight months ended August 31, 2009
	(Unaudited - amounts in thousands of U.S. dollars)


		Vector SCM LLC

	Net Sales	$ -

	Cost of sales	205
	Operating Income / (loss)	(205)

	Interest expense	-
	Reorganization expense	-
	Other non-operating expense / (income)	-
	Income / (loss) before taxes	(205)

	Income tax expense / (benefit)	-
	Income / (loss) before minority interests	(205)

	Minority Interest	-
	Net Income / (loss)	$ (205)

Motors Liquidation Co - FORM 8-K - EX-99 - November 4, 2009

Attached files

Motors Liquidation Co Reports