Haw. Code R. § 16-601-75 - Financial statement

(a) Unless otherwise directed by the commission, whenever this chapter provides that a financial statement shall be submitted with an application or petition, the statement shall be prepared up to the latest available date and shall show, where applicable, the following information:

(1) Amount and kinds of stock authorized by articles of incorporation and amount outstanding;

(2) Terms of preference of preferred stock, whether cumulative or participating or on dividends or assets, or otherwise;

(3) Brief description of each security agreement, mortgage, and deed of trust on applicant's property, showing date of execution, debtor and secured party, mortgagor and mortgagee, and trustor and beneficiary, amount of indebtedness authorized to be secured thereby, and amount of indebtedness actually secured, together with any sinking fund provisions;

(4) Amount of bonds authorized and issued, giving the name of the public utility or parent company which issued same, describing each class separately, and giving the date of issue, par value, rate of interest, date of maturity and manner secured, together with amount of interest paid thereon during the last calendar year and any special provisions in the indenture, such as sinking fund provisions and interest coverage;

(5) Each note outstanding, giving the date of issue, to whom payable, amount, date of maturity, and rate of interest, together with amount of interest expense thereon during the last calendar year;

(6) Other indebtedness, giving same by classes and describing security, if any, with a brief statement of devolution or assumption of any portion of indebtedness upon or by any person or corporation if the original liability has been transferred, together with amount of interest expense thereon during the last calendar year; and

(7) Rate and amount of dividends paid during the five previous calendar years and the year-end amount of capital stock for those years.

(b) The financial statement submitted pursuant to subsection (a) shall be accompanied by:

(1) An audited balance sheet, including any pertinent notations and explanations contained therein, as of the end of the last calendar year;

(2) An income statement covering the period from the close of the last audited balance sheet up to the date of the latest available balance sheet attached to the application; and

(3) For a person seeking a certificate of public convenience and necessity as a public utility or water carrier, or seeking a certificate of public convenience and necessity or permit as a motor carrier, a pro forma income statement for the twelve months following the month in which the application is filed and a pro forma balance sheet as of the end of those twelve months.

Notes

Haw. Code R. § 16-601-75

[Eff 1/1/2019] (Auth: HRS §§ 91-2, 269-6, 271-9, 271G-7) (Imp: HRS §§ 91-2, 269-6, 271-9, 271G-7)