<PAGE>
                                                                    Exhibit 99.1

                                 NCO GROUP, INC.
                        Consolidating Statement of Income
                                   (Unaudited)
                             (Amounts in thousands)
<TABLE>
<CAPTION>
                                                                      For the Three Months Ended September 30, 2003
                                                           ----------------------------------------------------------------
                                                                                             Intercompany
                                                           NCO Group       NCO Portfolio     Eliminations      Consolidated
                                                           ---------       -------------     ------------      ------------
<S>                                                        <C>               <C>               <C>               <C>
Revenue                                                    $ 182,198         $  18,849         $ (12,428)        $ 188,619

Operating costs and expenses:
      Payroll and related expenses                            87,635               243              --              87,878
      Selling, general, and administrative expenses           69,647            13,404           (12,428)           70,623
      Depreciation and amortization expense                    7,766                85              --               7,851
                                                           ---------         ---------         ---------         ---------
                                                             165,048            13,732           (12,428)          166,352
                                                           ---------         ---------         ---------         ---------
                                                              17,150             5,117              --              22,267

Other income (expense):
      Interest and investment income                             738               722              (133)            1,327
      Interest expense                                        (2,972)           (2,679)               65            (5,586)
      Other income                                               402              --                --                 402
                                                           ---------         ---------         ---------         ---------
                                                              (1,832)           (1,957)              (68)           (3,857)
                                                           ---------         ---------         ---------         ---------
Income before income tax expense                              15,318             3,160               (68)           18,410

Income tax expense                                             5,818             1,160              --               6,978
                                                           ---------         ---------         ---------         ---------

Income from operations before minority interest                9,500             2,000               (68)           11,432

Minority interest (1)                                           --                 (68)             (641)             (709)
                                                           ---------         ---------         ---------         ---------

Net income                                                 $   9,500         $   1,932         $    (709)        $  10,723
                                                           =========         =========         =========         =========
</TABLE>


(1)  NCO Group owns 63 percent of the outstanding common stock of NCO Portfolio
     Management, Inc.


<PAGE>
                                 NCO GROUP, INC.
                        Consolidating Statement of Income
                                   (Unaudited)
                             (Amounts in thousands)
<TABLE>
<CAPTION>
                                                                       For the Nine Months Ended September 30, 2003
                                                             ----------------------------------------------------------------------
                                                                                                   Intercompany
                                                             NCO Group          NCO Portfolio      Eliminations        Consolidated
                                                             ---------          -------------      ------------        ------------
<S>                                                          <C>                 <C>                 <C>                 <C>
Revenue                                                      $ 547,913           $  55,167           $ (36,870)          $ 566,210

Operating costs and expenses:
      Payroll and related expenses                             263,220               1,286                --               264,506
      Selling, general, and administrative expenses            207,262              39,907             (36,870)            210,299
      Depreciation and amortization expense                     23,448                 298                --                23,746
                                                             ---------           ---------           ---------           ---------
                                                               493,930              41,491             (36,870)            498,551
                                                             ---------           ---------           ---------           ---------
                                                                53,983              13,676                --                67,659

Other income (expense):
      Interest and investment income                             1,685               1,712                (445)              2,952
      Interest expense                                          (9,388)             (8,120)                241             (17,267)
      Other income                                               1,128                --                  --                 1,128
                                                             ---------           ---------           ---------           ---------
                                                                (6,575)             (6,408)               (204)            (13,187)
                                                             ---------           ---------           ---------           ---------
Income before income tax expense                                47,408               7,268                (204)             54,472

Income tax expense                                              18,012               2,649                --                20,661
                                                             ---------           ---------           ---------           ---------

Income from operations before minority interest                 29,396               4,619                (204)             33,811

Minority interest (1)                                             --                  (204)             (1,415)             (1,619)
                                                             ---------           ---------           ---------           ---------

Net income                                                   $  29,396           $   4,415           $  (1,619)          $  32,192
                                                             =========           =========           =========           =========
</TABLE>


(1)  NCO Group owns 63% percent of the outstanding common stock of NCO Portfolio
     Management, Inc.