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2014-12-23_GENERAL DOCUMENTS - C1981012
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2014-12-23_GENERAL DOCUMENTS - C1981012
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Last modified
8/24/2016 5:56:09 PM
Creation date
12/23/2014 1:27:31 PM
Metadata
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Template:
DRMS Permit Index
Permit No
C1981012
IBM Index Class Name
General Documents
Doc Date
12/23/2014
Doc Name
Notice of Filing of Report of the Monitor In the Canadian Proceeding
From
New Elk Coal Company, LLC
To
DRMS
Permit Index Doc Type
General Correspondence
Email Name
LDS
MPB
Media Type
D
Archive
No
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E. ACTUAL RECEIPTS AND DISBURSEMENTS FOR THE PERIOD FROM <br />DECEMBER 1, 2014 TO DECEMBER 14, 2014 <br />32. Since the Filing Date, the Monitor has been working with the Applicants to <br />review disbursements and manage their cash spend during the CCAA <br />Proceedings. <br />33. The Applicants' actual net cash flow from the period of December 1, 2014 to <br />December 14, 2014 (the "Current Period ") together with an explanation of key <br />variances as compared to the cash flow forecast provided in the Pre - Filing <br />Goldfarb Affidavit (the "December 1 Cash Flow Forecast ") is described below. <br />Actual net cash flows for the Current Period were approximately $0.7 million <br />higher than forecast and are summarized as follows: <br />,.�.�+... <br />051 ��.. ,', �..'t` , �',RSi: ,��< fr :;:-'z....r� .o -�+'^� � .,yea... , .a _. rv.P+ <br />�. ro✓ .n.w.�+ee�... <br />$ thousands <br />Cash Flow from Operations <br />Receipts <br />Operating Disbursements <br />(438.0) <br />(0.0) <br />(178.9) <br />(0,0) <br />259.1 <br />Operating Cash Flows <br />Restructuring/ Non - Recurring Disbursements <br />(438.0) <br />(557.0) <br />(178.9) <br />(110.3) <br />259-1 <br />446.6 <br />Projected Net Cash Flow <br />(994.9) <br />(289.2) <br />705.7 <br />Beginning Cash Balance <br />8,844.3 <br />8,847.3 <br />3.0 <br />Ending Cash Balance <br />7,849.4 <br />8,558.1 <br />708.7 <br />
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