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Schmidt Construction <br />Notes to Divisional Balance Sheet <br />December 31, 2003 <br />Note S - LJtigation and Claims <br />There are various pending anions against the Division with respett to matters <br />arising in the ordinary course of business. The amount, if any, of the Division's <br />ultimate liability from these actions is presernly not determinable. Based on current <br />available information, it is the opinion of managemern that any such liability resulting <br />from these actions will not materially affect the financial position of the Division. <br />Note 6 -Redemption Of Common Stock <br />The Parent redeemed 11,265 shares of common stock for $21,930,140. The <br />Division's allocated portion of this redemption (s $5,320,252. <br />~ff~n <br />