Message-ID: <33447346.1075859040732.JavaMail.evans@thyme> Date: Mon, 30 Jul 2001 11:45:28 -0700 (PDT) From: steve.kleb@enron.com To: tracy.geaccone@enron.com Subject: FW: Deferred Gain on Sale of Part to Cooper Energy Services Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Kleb, Steve X-To: Geaccone, Tracy X-cc: X-bcc: X-Folder: \TGEACCO (Non-Privileged)\Geaccone, Tracy\Inbox X-Origin: Geaccone-T X-FileName: TGEACCO (Non-Privileged).pst FYI - If this should happen, we should include it in the July Flash and also the Quarterly Functional Forecast (as a part of FA&A activity, right ???). -----Original Message----- From: Chandler, Bob Sent: Friday, July 27, 2001 5:05 PM To: Zahn, Gary Cc: Jones, Dana; Kleb, Steve Subject: Deferred Gain on Sale of Part to Cooper Energy Services Gary, I'm attaching an accounting memorandum I prepared at year end to establish the methodology for bringing the $4.5MM deferred gain on the Cooper parts sale into income. The bottom line is that it is to be brought to income pro rata with the satisfaction of the $18MM minimum purchase obligation under the Blanket Purchase Agreement between Co. 1195 and Cooper. So the amount to be transferred to income in July, 2001 will be $618,772.96 divided by $18,000,000 multiplied by $4,500,000 or $154,693.24.