<PAGE>
                                                                    EXHIBIT 99.1

                          Collins & Aikman Corporation
                             Debtors In Possession
                                Income Statement
                             Month of February 2006



<TABLE>
<CAPTION>
                                                                                COLLINS & AIKMAN
                                                                                CANADA DOMESTIC  COLLINS & AIKMAN       JPS
                                                          COLLINS & AIKMAN      HOLDING COMPANY    PRODUCTS CO.    AUTOMOTIVE, INC.
                                             TOTAL       CORPORATION 05-55927      05-55930         05-55932          05-55935
                                          -----------------------------------------------------------------------------------------
<S>                                       <C>            <C>                   <C>               <C>               <C>
 NET OUTSIDE SALES                          157,857,450           0                    0             34,993,287         23,693,621
 I/C NET SALES                               10,840,059           0                    0            (2,540,107)          3,469,155
                                          -----------------------------------------------------------------------------------------
              TOTAL SALES                   168,697,509           0                    0             32,453,181         27,162,776

 COST OF SALES                              157,053,957           0                    0             23,353,872         26,827,047
                                          -----------------------------------------------------------------------------------------

              GROSS PROFIT                   11,643,552           0                    0              9,099,308            335,729

 SELLING, GENERAL & ADMINISTRATIVE
   EXPENSES                                  22,243,588           0                    0             19,430,186                  0
                                          -----------------------------------------------------------------------------------------

          OPERATING INCOME                 (10,600,036)           0                    0           (10,330,878)            335,729

 INTEREST EXPENSE, NET                        7,241,489           0                    0              7,241,489                  0
 INTERCOMPANY INTEREST, NET                 (2,385,801)           0          (1,966,036)              (419,765)                  0
 PREFERRED STOCK ACCRETION                            0           0                    0                      0                  0
 MISCELLANEOUS (INCOME)/EXPENSE                     (0)           0                    0                      0                  0
 CORPORATE ALLOCATION ADJUSTMENT                      0           0                    0                      0                  0
 COMMISSION INCOME                            (193,601)           0                    0              (193,601)                  0
 COMMISSION EXPENSE                                   0           0                    0                      0                  0
 ROYALTY INCOME                               (498,305)           0                    0              (494,113)                  0
 ROYALTY EXPENSE                                      0           0                    0                      0                  0
 INCOME FROM INVEST IN JV                             0           0                    0                      0                  0
 MINORITY INTEREST IN CONS NET INCOME                 0           0                    0                      0                  0
 DIVIDEND INCOME                                      0           0                    0                      0                  0
 DISCOUNT/INCOME FOR CARCORP                          0           0                    0                      0                  0
 GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT             0           0                    0                      0                  0
 DISCOUNT/PREMIUM ON HEDGES                           0           0                    0                      0                  0
 (GAIN)/LOSS ON HEDGES                                0           0                    0                      0                  0
 (GAIN)/LOSS ON SWAPS                                 0           0                    0                      0                  0
 NAAIS INTERCOMPANY SALES PROFIT                      0           0                    0                      0                  0
 LOSS ON SALE OF RECEIVABLES                          0           0                    0                      0                  0
 RESTRUCTURING PROVISION                              0           0                    0                      0                  0
 FOREIGN TRANSACTIONS-(GAIN)/LOSS               444,381           0             (67,540)                604,885                  0
 AMORT OF DISCOUNT ON NPV OF LIABILITIES              0           0                    0                      0                  0
 (GAIN)/LOSS SALE-LEASEBACK TRANSACTION               0           0                    0                      0                  0
                                          -----------------------------------------------------------------------------------------

   INCOME FROM CONTINUING OPERATIONS
     BEFORE INCOME TAXES                   (15,208,200)           0            2,033,576           (17,069,773)            335,729


 FEDERAL INCOME TAX                                   0           0                    0                      0                  0
 FOREIGN INCOME TAX                              25,813           0                    0                 25,813                  0
 STATE INCOME TAX                                     0           0                    0                      0                  0
 OTHER INCOME TAX                                     0           0                    0                      0                  0
                                          -----------------------------------------------------------------------------------------

     INCOME FROM CONTINUING OPERATIONS     (15,234,013)           0            2,033,576           (17,095,586)            335,729

 DISCONTINUED OPERATIONS (GAIN)/LOSS            110,035           0                    0                      0                  0
 GAIN/LOSS ON SALE OF DIVISIONS                       0           0                    0                      0                  0
 EXTRAORDINARY ITEMS                                  0           0                    0                      0                  0
 INTEGRATION                                          0           0                    0                      0                  0

                                          -----------------------------------------------------------------------------------------
                    NET INCOME             (15,344,048)           0            2,033,576           (17,095,586)            335,729
                                          =========================================================================================
</TABLE>
<PAGE>



                           Collins Aikman Corporation
                              Debtors In Possession
                                Income Statement
                             Month of February 2006


<TABLE>
<CAPTION>
                                                                COLLINS & AIKMAN                                     AMCO
                                               DURA CONVERTIBLE    DEVELOPMENT    OWOSSO THERMAL   SOUTHWEST      CONVERTIBLE
                                                 SYSTEMS, INC.       COMPANY     FORMING, L.L.C.  LAMINATES, INC. FABRICS, INC.
                                                    05-55942         05-55943       05-55946         05-55948       05-55949
                                               ------------------------------------------------------------------------------
<S>                                            <C>              <C>             <C>              <C>              <C>
NET OUTSIDE SALES                                    9,473,290           0          816,909         4,930,157              0
I/C NET SALES                                        2,289,914           0          100,778       (3,929,107)      2,175,007
                                               ------------------------------------------------------------------------------
                                 TOTAL SALES        11,763,204           0          917,687         1,001,051      2,175,007

COST OF SALES                                       11,849,932           0          958,375           947,028      1,337,613
                                               ------------------------------------------------------------------------------

                                GROSS PROFIT          (86,728)           0         (40,688)            54,023        837,395

SELLING, GENERAL & ADMINISTRATIVE EXPENSES             279,201           0                0           (1,365)              0
                                               ------------------------------------------------------------------------------

                              OPERATING INCOME       (365,929)           0         (40,688)            55,387        837,395

INTEREST EXPENSE, NET                                        0           0                0                 0              0
INTERCOMPANY INTEREST, NET                                   0           0                0                 0              0
PREFERRED STOCK ACCRETION                                    0           0                0                 0              0
MISCELLANEOUS (INCOME)/EXPENSE                               0           0                0                 0              0
CORPORATE ALLOCATION ADJUSTMENT                              0           0                0                 0              0
COMMISSION INCOME                                            0           0                0                 0              0
COMMISSION EXPENSE                                           0           0                0                 0              0
ROYALTY INCOME                                               0           0                0                 0              0
ROYALTY EXPENSE                                              0           0                0                 0              0
INCOME FROM INVEST IN JV                                     0           0                0                 0              0
MINORITY INTEREST IN CONS NET INCOME                         0           0                0                 0              0
DIVIDEND INCOME                                              0           0                0                 0              0
DISCOUNT/INCOME FOR CARCORP                                  0           0                0                 0              0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                     0           0                0                 0              0
DISCOUNT/PREMIUM ON HEDGES                                   0           0                0                 0              0
(GAIN)/LOSS ON HEDGES                                        0           0                0                 0              0
(GAIN)/LOSS ON SWAPS                                         0           0                0                 0              0
NAAIS INTERCOMPANY SALES PROFIT                              0           0                0                 0              0
LOSS ON SALE OF RECEIVABLES                                  0           0                0                 0              0
RESTRUCTURING PROVISION                                      0           0                0                 0              0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                      (93,936)           0                0                 0              0
AMORT OF DISCOUNT ON NPV OF LIABILITIES                      0           0                0                 0              0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                       0           0                0                 0              0
                                               ------------------------------------------------------------------------------

            INCOME FROM CONTINUING OPERATIONS
              BEFORE INCOME TAXES                    (271,994)           0         (40,688)            55,387        837,395


FEDERAL INCOME TAX                                           0           0                0                 0              0
FOREIGN INCOME TAX                                           0           0                0                 0              0
STATE INCOME TAX                                             0           0                0                 0              0
OTHER INCOME TAX                                             0           0                0                 0              0
                                               ------------------------------------------------------------------------------

                      INCOME FROM CONTINUING
                        OPERATIONS                   (271,994)           0         (40,688)            55,387        837,395

DISCONTINUED OPERATIONS (GAIN)/LOSS                          0           0                0                 0              0
GAIN/LOSS ON SALE OF DIVISIONS                               0           0                0                 0              0
EXTRAORDINARY ITEMS                                          0           0                0                 0              0
INTEGRATION                                                  0           0                0                 0              0

                                               ------------------------------------------------------------------------------
                                 NET INCOME          (271,994)           0         (40,688)            55,387        837,395
                                               ==============================================================================
</TABLE>



<PAGE>


                           Collins Aikman Corporation
                              Debtors In Possession
                                Income Statement
                             Month of February 2006



<TABLE>
<CAPTION>
                                                COLLINS & AIKMAN  COLLINS & AIKMAN  COLLINS & AIKMAN               COLLINS & AIKMAN
                                                 INTERNATIONAL       ACCESSORY         AUTOMOTIVE         BRUT         AUTOMOTIVE
                                                  CORPORATION        MATS, INC.      INTERIORS, INC. PLASTICS, INC.  EXTERIORS, INC.
                                                   05-55951           05-55952          05-55956        05-55957        05-55958
                                                -----------------------------------------------------------------------------------
<S>                                             <C>              <C>               <C>               <C>           <C>
NET OUTSIDE SALES                                        0            9,695,806      33,167,019           0          17,716,978
I/C NET SALES                                            0          (2,402,559)       7,010,154           0             771,153
                                                --------------------------------------------------------------------------------
                                TOTAL SALES              0            7,293,248      40,177,173           0          18,488,131

COST OF SALES                                            0            5,947,407      39,563,618           0          17,897,739
                                                --------------------------------------------------------------------------------

                                GROSS PROFIT             0            1,345,841         613,554           0             590,392

SELLING, GENERAL & ADMINISTRATIVE EXPENSES               0              356,963               0           0             110,413
                                                --------------------------------------------------------------------------------

                              OPERATING INCOME           0              988,878         613,554           0             479,979

INTEREST EXPENSE, NET                                    0                    0               0           0                   0
INTERCOMPANY INTEREST, NET                               0                    0               0           0                   0
PREFERRED STOCK ACCRETION                                0                    0               0           0                   0
MISCELLANEOUS (INCOME)/EXPENSE                           0                    0               0           0                 (0)
CORPORATE ALLOCATION ADJUSTMENT                          0                    0               0           0                   0
COMMISSION INCOME                                        0                    0               0           0                   0
COMMISSION EXPENSE                                       0                    0               0           0                   0
ROYALTY INCOME                                           0                    0               0           0                   0
ROYALTY EXPENSE                                          0                    0               0           0                   0
INCOME FROM INVEST IN JV                                 0                    0               0           0                   0
MINORITY INTEREST IN CONS NET INCOME                     0                    0               0           0                   0
DIVIDEND INCOME                                          0                    0               0           0                   0
DISCOUNT/INCOME FOR CARCORP                              0                    0               0           0                   0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                 0                    0               0           0                   0
DISCOUNT/PREMIUM ON HEDGES                               0                    0               0           0                   0
(GAIN)/LOSS ON HEDGES                                    0                    0               0           0                   0
(GAIN)/LOSS ON SWAPS                                     0                    0               0           0                   0
NAAIS INTERCOMPANY SALES PROFIT                          0                    0               0           0                   0
LOSS ON SALE OF RECEIVABLES                              0                    0               0           0                   0
RESTRUCTURING PROVISION                                  0                    0               0           0                   0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                         0                    0               0           0            (11,102)
AMORT OF DISCOUNT ON NPV OF LIABILITIES                  0                    0               0           0                   0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                   0                    0               0           0                   0
                                                --------------------------------------------------------------------------------

           INCOME FROM CONTINUING OPERATIONS
             BEFORE INCOME TAXES                         0              988,878         613,554           0             491,081


FEDERAL INCOME TAX                                       0                    0               0           0                   0
FOREIGN INCOME TAX                                       0                    0               0           0                   0
STATE INCOME TAX                                         0                    0               0           0                   0
OTHER INCOME TAX                                         0                    0               0           0                   0
                                                --------------------------------------------------------------------------------

                     INCOME FROM CONTINUING
                       OPERATIONS                        0              988,878         613,554           0             491,081

DISCONTINUED OPERATIONS (GAIN)/LOSS                      0                    0               0           0                   0
GAIN/LOSS ON SALE OF DIVISIONS                           0                    0               0           0                   0
EXTRAORDINARY ITEMS                                      0                    0               0           0                   0
INTEGRATION                                              0                    0               0           0                   0

                                                --------------------------------------------------------------------------------
                                 NET INCOME              0              988,878         613,554           0             491,081
                                                ================================================================================
</TABLE>

<PAGE>




                           Collins Aikman Corporation
                              Debtors In Possession
                                Income Statement
                             Month of February 2006





<TABLE>
<CAPTION>
                                           COLLINS & AIKMAN    COLLINS & AIKMAN   WICKES ASSET   COLLINS & AIKMAN COLLINS & AIKMAN
                                          ASSET SERVICES, INC.   PLASTICS, INC.  MANAGEMENT, INC.  FABRICS, INC.   PROPERTIES, INC.
                                                05-55959            05-55960         05-55962        05-55963         05-55964
                                          ----------------------------------------------------------------------------------------
<S>                                       <C>                  <C>               <C>              <C>              <C>
NET OUTSIDE SALES                                       0             327,767               0           9,371,776           0
I/C NET SALES                                           0             740,623               0           3,929,107           0
                                          ------------------------------------------------------------------------------------
                       TOTAL SALES                      0           1,068,390               0          13,300,883           0

COST OF SALES                                           0           1,653,433               0          13,640,805           0
                                          ------------------------------------------------------------------------------------

                       GROSS PROFIT                     0           (585,043)               0           (339,922)           0

SELLING, GENERAL & ADMINISTRATIVE
  EXPENSES                                              0           1,370,201               0             645,204         108
                                          ------------------------------------------------------------------------------------

                      OPERATING INCOME                  0         (1,955,244)               0           (985,125)       (108)

INTEREST EXPENSE, NET                                   0                   0               0                   0           0
INTERCOMPANY INTEREST, NET                              0                   0               0                   0           0
PREFERRED STOCK ACCRETION                               0                   0               0                   0           0
MISCELLANEOUS (INCOME)/EXPENSE                          0                   0               0                   0           0
CORPORATE ALLOCATION ADJUSTMENT                         0                   0               0                   0           0
COMMISSION INCOME                                       0                   0               0                   0           0
COMMISSION EXPENSE                                      0                   0               0                   0           0
ROYALTY INCOME                                          0                   0               0             (4,192)           0
ROYALTY EXPENSE                                         0                   0               0                   0           0
INCOME FROM INVEST IN JV                                0                   0               0                   0           0
MINORITY INTEREST IN CONS NET INCOME                    0                   0               0                   0           0
DIVIDEND INCOME                                         0                   0               0                   0           0
DISCOUNT/INCOME FOR CARCORP                             0                   0               0                   0           0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                0                   0               0                   0           0
DISCOUNT/PREMIUM ON HEDGES                              0                   0               0                   0           0
(GAIN)/LOSS ON HEDGES                                   0                   0               0                   0           0
(GAIN)/LOSS ON SWAPS                                    0                   0               0                   0           0
NAAIS INTERCOMPANY SALES PROFIT                         0                   0               0                   0           0
LOSS ON SALE OF RECEIVABLES                             0                   0               0                   0           0
RESTRUCTURING PROVISION                                 0                   0               0                   0           0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                        0            (24,659)               0                   0           0
AMORT OF DISCOUNT ON NPV OF LIABILITIES                 0                   0               0                   0           0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                  0                   0               0                   0           0
                                          ------------------------------------------------------------------------------------

    INCOME FROM CONTINUING OPERATIONS
      BEFORE INCOME TAXES                               0         (1,930,585)               0           (980,933)       (108)


FEDERAL INCOME TAX                                      0                   0               0                   0           0
FOREIGN INCOME TAX                                      0                   0               0                   0           0
STATE INCOME TAX                                        0                   0               0                   0           0
OTHER INCOME TAX                                        0                   0               0                   0           0
                                          ------------------------------------------------------------------------------------

          INCOME FROM CONTINUING
            OPERATIONS                                  0         (1,930,585)               0           (980,933)       (108)

DISCONTINUED OPERATIONS (GAIN)/LOSS                     0                   0               0                   0           0
GAIN/LOSS ON SALE OF DIVISIONS                          0                   0               0                   0           0
EXTRAORDINARY ITEMS                                     0                   0               0                   0           0
INTEGRATION                                             0                   0               0                   0           0

                                          ------------------------------------------------------------------------------------
                      NET INCOME                        0         (1,930,585)               0           (980,933)       (108)
                                          ====================================================================================
</TABLE>
<PAGE>


                          Collins Aikman Corporation
                              Debtors In Possession
                                Income Statement
                             Month of February 2006


<TABLE>
<CAPTION>

                                                 COLLINS & AIKMAN      WICKES          COLLINS &        COLLINS &
                                                   AUTOMOTIVE       MANUFACTURING       AIKMAN           AIKMAN          COMET
                                                    (ARGENTINA),      COMPANY        INTERIORS, INC.    EUROPE, INC.   ACOUSTICS,
                                                   INC. 05-55965       05-55968         05-55970        05-55971      INC. 05-55972
                                                  ---------------------------------------------------------------------------------
<S>                                               <C>              <C>             <C>              <C>              <C>
NET OUTSIDE SALES                                             0                0               0                0                0
I/C NET SALES                                                 0                0               0                0                0
                                                  ---------------------------------------------------------------------------------
                       TOTAL SALES                            0                0               0                0                0

COST OF SALES                                                 0                0               0                0                0
                                                  ---------------------------------------------------------------------------------

                       GROSS PROFIT                           0                0               0                0                0

SELLING, GENERAL & ADMINISTRATIVE EXPENSES                    0                0               0                0                0
                                                  ---------------------------------------------------------------------------------

                     OPERATING INCOME                         0                0               0                0                0

INTEREST EXPENSE, NET                                         0                0               0                0                0
INTERCOMPANY INTEREST, NET                                    0                0               0                0                0
PREFERRED STOCK ACCRETION                                     0                0               0                0                0
MISCELLANEOUS (INCOME)/EXPENSE                                0                0               0                0                0
CORPORATE ALLOCATION ADJUSTMENT                               0                0               0                0                0
COMMISSION INCOME                                             0                0               0                0                0
COMMISSION EXPENSE                                            0                0               0                0                0
ROYALTY INCOME                                                0                0               0                0                0
ROYALTY EXPENSE                                               0                0               0                0                0
INCOME FROM INVEST IN JV                                      0                0               0                0                0
MINORITY INTEREST IN CONS NET INCOME                          0                0               0                0                0
DIVIDEND INCOME                                               0                0               0                0                0
DISCOUNT/INCOME FOR CARCORP                                   0                0               0                0                0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                      0                0               0                0                0
DISCOUNT/PREMIUM ON HEDGES                                    0                0               0                0                0
(GAIN)/LOSS ON HEDGES                                         0                0               0                0                0
(GAIN)/LOSS ON SWAPS                                          0                0               0                0                0
NAAIS INTERCOMPANY SALES PROFIT                               0                0               0                0                0
LOSS ON SALE OF RECEIVABLES                                   0                0               0                0                0
RESTRUCTURING PROVISION                                       0                0               0                0                0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                              0                0               0                0                0
AMORT OF DISCOUNT ON NPV OF LIABILITIES                       0                0               0                0                0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                        0                0               0                0                0
                                                  ---------------------------------------------------------------------------------

     INCOME FROM CONTINUING OPERATIONS
           BEFORE INCOME TAXES                                0                0               0                0                0


FEDERAL INCOME TAX                                            0                0               0                0                0
FOREIGN INCOME TAX                                            0                0               0                0                0
STATE INCOME TAX                                              0                0               0                0                0
OTHER INCOME TAX                                              0                0               0                0                0
                                                  ---------------------------------------------------------------------------------

           INCOME FROM CONTINUING OPERATIONS                  0                0               0                0                0

DISCONTINUED OPERATIONS (GAIN)/LOSS                           0          110,035               0                0                0
GAIN/LOSS ON SALE OF DIVISIONS                                0                0               0                0                0
EXTRAORDINARY ITEMS                                           0                0               0                0                0
INTEGRATION                                                   0                0               0                0                0

                                                  ---------------------------------------------------------------------------------
                 NET INCOME                                   0        (110,035)               0                0                0
                                                  =================================================================================
</TABLE>


<PAGE>

                           Collins Aikman Corporation
                              Debtors In Possession
                                Income Statement
                             Month of February 2006



<TABLE>
<CAPTION>
                                                                                                        COLLINS & AIKMAN
                                                           GAMBLE         COLLINS &         BECKER       AUTOMOTIVE         CW
                                                        DEVELOPMENT        AIKMAN           GROUP,        OVERSEAS        MANAGEMENT
                                                          COMPANY       INTELLIMOLD,        L.L.C.     INVESTMENT INC.   CORPORATION
                                                          05-55974      INC. 05-55976      05-55977        05-55978       05-55979
                                                       ----------------------------------------------------------------------------
<S>                                                     <C>             <C>              <C>           <C>               <C>
NET OUTSIDE SALES                                                 0               0       8,999,328             0                0
I/C NET SALES                                                     0               0       (823,942)             0                0
                                                       ----------------------------------------------------------------------------
               TOTAL SALES                                        0               0       8,175,386             0                0

COST OF SALES                                                     0               0       8,508,870             0                0
                                                       ----------------------------------------------------------------------------

               GROSS PROFIT                                       0               0       (333,484)             0                0

SELLING, GENERAL & ADMINISTRATIVE EXPENSES                        0               0               0             0                0
                                                       ----------------------------------------------------------------------------

              OPERATING INCOME                                    0               0       (333,484)             0                0

INTEREST EXPENSE, NET                                             0               0               0             0                0
INTERCOMPANY INTEREST, NET                                        0               0               0             0                0
PREFERRED STOCK ACCRETION                                         0               0               0             0                0
MISCELLANEOUS (INCOME)/EXPENSE                                    0               0               0             0                0
CORPORATE ALLOCATION ADJUSTMENT                                   0               0               0             0                0
COMMISSION INCOME                                                 0               0               0             0                0
COMMISSION EXPENSE                                                0               0               0             0                0
ROYALTY INCOME                                                    0               0               0             0                0
ROYALTY EXPENSE                                                   0               0               0             0                0
INCOME FROM INVEST IN JV                                          0               0               0             0                0
MINORITY INTEREST IN CONS NET INCOME                              0               0               0             0                0
DIVIDEND INCOME                                                   0               0               0             0                0
DISCOUNT/INCOME FOR CARCORP                                       0               0               0             0                0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                          0               0               0             0                0
DISCOUNT/PREMIUM ON HEDGES                                        0               0               0             0                0
(GAIN)/LOSS ON HEDGES                                             0               0               0             0                0
(GAIN)/LOSS ON SWAPS                                              0               0               0             0                0
NAAIS INTERCOMPANY SALES PROFIT                                   0               0               0             0                0
LOSS ON SALE OF RECEIVABLES                                       0               0               0             0                0
RESTRUCTURING PROVISION                                           0               0               0             0                0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                                  0               0           (894)             0                0
AMORT OF DISCOUNT ON NPV OF LIABILITIES                           0               0               0             0                0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                            0               0               0             0                0
                                                       ----------------------------------------------------------------------------

           INCOME FROM CONTINUING OPERATIONS
                 BEFORE INCOME TAXES                              0               0       (332,590)             0                0


FEDERAL INCOME TAX                                                0               0               0             0                0
FOREIGN INCOME TAX                                                0               0               0             0                0
STATE INCOME TAX                                                  0               0               0             0                0
OTHER INCOME TAX                                                  0               0               0             0                0
                                                       ----------------------------------------------------------------------------

          INCOME FROM CONTINUING OPERATIONS                       0               0       (332,590)             0                0

DISCONTINUED OPERATIONS (GAIN)/LOSS                               0               0               0             0                0
GAIN/LOSS ON SALE OF DIVISIONS                                    0               0               0             0                0
EXTRAORDINARY ITEMS                                               0               0               0             0                0
INTEGRATION                                                       0               0               0             0                0

                                                       ----------------------------------------------------------------------------
                      NET INCOME                                  0               0       (332,590)             0                0
                                                       ============================================================================


</TABLE>
<PAGE>

                           Collins Aikman Corporation
                              Debtors In Possession
                                Income Statement
                             Month of February 2006



<TABLE>
<CAPTION>
                                                                                                   COLLINS & AIKMAN
                                           COLLINS & AIKMAN   COLLINS & AIKMAN   COLLINS & AIKMAN     AUTOMOTIVE   COLLINS & AIKMAN
                                              AUTOMOTIVE      CARPET & ACOUSTIC CARPET & ACOUSTIC   INTERNATIONAL      (GIBRALTAR)
                                          INTERNATIONAL, INC.    (TN), INC.         (MI), INC.      SERVICES, INC.       LIMITED
                                               05-55980          05-55984            05-55982         05-55985          05-55989
                                         ------------------------------------------------------------------------------------------
<S>                                      <C>                 <C>                 <C>              <C>              <C>
NET OUTSIDE SALES                                  0            4,671,511               0                0                    0
I/C NET SALES                                      0               49,882               0                0                    0
                                         ---------------------------------------------------------------------------------------
                      TOTAL SALES                  0            4,721,393               0                0                    0

COST OF SALES                                      0            4,555,140               0              499                    0
                                         ---------------------------------------------------------------------------------------

                      GROSS PROFIT                 0              166,253               0            (499)                    0

SELLING, GENERAL & ADMINISTRATIVE
  EXPENSES                                         0                    0               0                0                  339
                                         ---------------------------------------------------------------------------------------

                    OPERATING INCOME               0              166,253               0            (499)                (339)

INTEREST EXPENSE, NET                              0                    0               0                0                    0
INTERCOMPANY INTEREST, NET                         0                    0               0                0                    0
PREFERRED STOCK ACCRETION                          0                    0               0                0                    0
MISCELLANEOUS (INCOME)/EXPENSE                     0                    0               0                0                    0
CORPORATE ALLOCATION ADJUSTMENT                    0                    0               0                0                    0
COMMISSION INCOME                                  0                    0               0                0                    0
COMMISSION EXPENSE                                 0                    0               0                0                    0
ROYALTY INCOME                                     0                    0               0                0                    0
ROYALTY EXPENSE                                    0                    0               0                0                    0
INCOME FROM INVEST IN JV                           0                    0               0                0                    0
MINORITY INTEREST IN CONS NET INCOME               0                    0               0                0                    0
DIVIDEND INCOME                                    0                    0               0                0                    0
DISCOUNT/INCOME FOR CARCORP                        0                    0               0                0                    0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT           0                    0               0                0                    0
DISCOUNT/PREMIUM ON HEDGES                         0                    0               0                0                    0
(GAIN)/LOSS ON HEDGES                              0                    0               0                0                    0
(GAIN)/LOSS ON SWAPS                               0                    0               0                0                    0
NAAIS INTERCOMPANY SALES PROFIT                    0                    0               0                0                    0
LOSS ON SALE OF RECEIVABLES                        0                    0               0                0                    0
RESTRUCTURING PROVISION                            0                    0               0                0                    0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                   0                    0               0           37,627                    0
AMORT OF DISCOUNT ON NPV OF LIABILITIES            0                    0               0                0                    0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION             0                    0               0                0                    0
                                         ---------------------------------------------------------------------------------------

    INCOME FROM CONTINUING OPERATIONS
      BEFORE INCOME TAXES                          0              166,253               0         (38,126)                (339)


FEDERAL INCOME TAX                                 0                    0               0                0                    0
FOREIGN INCOME TAX                                 0                    0               0                0                    0
STATE INCOME TAX                                   0                    0               0                0                    0
OTHER INCOME TAX                                   0                    0               0                0                    0
                                         ---------------------------------------------------------------------------------------

               INCOME FROM CONTINUING
                 OPERATIONS                        0              166,253               0         (38,126)                (339)

DISCONTINUED OPERATIONS (GAIN)/LOSS                0                    0               0                0                    0
GAIN/LOSS ON SALE OF DIVISIONS                     0                    0               0                0                    0
EXTRAORDINARY ITEMS                                0                    0               0                0                    0
INTEGRATION                                        0                    0               0                0                    0

                                         ---------------------------------------------------------------------------------------
                          NET INCOME               0              166,253               0         (38,126)                (339)
                                         =======================================================================================
</TABLE>
<PAGE>

                           Collins Aikman Corporation
                              Debtors In Possession
                                Income Statement
                             Month of February 2006




<TABLE>
<CAPTION>
                                                  COLLINS & AIKMAN     NEW BALTIMORE        COLLINS & AIKMAN     COLLINS & AIKMAN
                                                 AUTOMOTIVE (ASIA),   HOLDINGS, L.L.C..    AUTOMOTIVE SERVICES,   AUTOMOTIVE MATS,
                                                   INC. 05-55991         05-55992           L.L.C.. 05-55981     L.L.C.. 05-55969
                                                 --------------------------------------------------------------------------------
<S>                                              <C>                 <C>                  <C>                   <C>
NET OUTSIDE SALES                                             0                 0                    0                    0
I/C NET SALES                                                 0                 0                    0                    0
                                                 ---------------------------------------------------------------------------
                                TOTAL SALES                   0                 0                    0                    0

COST OF SALES                                                 0            12,578                    0                    0
                                                 ---------------------------------------------------------------------------

                                GROSS PROFIT                  0          (12,578)                    0                    0

SELLING, GENERAL & ADMINISTRATIVE EXPENSES               52,338                 0                    0                    0
                                                 ---------------------------------------------------------------------------

                              OPERATING INCOME         (52,338)          (12,578)                    0                    0

INTEREST EXPENSE, NET                                         0                 0                    0                    0
INTERCOMPANY INTEREST, NET                                    0                 0                    0                    0
PREFERRED STOCK ACCRETION                                     0                 0                    0                    0
MISCELLANEOUS (INCOME)/EXPENSE                                0                 0                    0                    0
CORPORATE ALLOCATION ADJUSTMENT                               0                 0                    0                    0
COMMISSION INCOME                                             0                 0                    0                    0
COMMISSION EXPENSE                                            0                 0                    0                    0
ROYALTY INCOME                                                0                 0                    0                    0
ROYALTY EXPENSE                                               0                 0                    0                    0
INCOME FROM INVEST IN JV                                      0                 0                    0                    0
MINORITY INTEREST IN CONS NET INCOME                          0                 0                    0                    0
DIVIDEND INCOME                                               0                 0                    0                    0
DISCOUNT/INCOME FOR CARCORP                                   0                 0                    0                    0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                      0                 0                    0                    0
DISCOUNT/PREMIUM ON HEDGES                                    0                 0                    0                    0
(GAIN)/LOSS ON HEDGES                                         0                 0                    0                    0
(GAIN)/LOSS ON SWAPS                                          0                 0                    0                    0
NAAIS INTERCOMPANY SALES PROFIT                               0                 0                    0                    0
LOSS ON SALE OF RECEIVABLES                                   0                 0                    0                    0
RESTRUCTURING PROVISION                                       0                 0                    0                    0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                              0                 0                    0                    0
AMORT OF DISCOUNT ON NPV OF LIABILITIES                       0                 0                    0                    0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                        0                 0                    0                    0
                                                 ---------------------------------------------------------------------------

           INCOME FROM CONTINUING OPERATIONS
             BEFORE INCOME TAXES                       (52,338)          (12,578)                    0                    0


FEDERAL INCOME TAX                                            0                 0                    0                    0
FOREIGN INCOME TAX                                            0                 0                    0                    0
STATE INCOME TAX                                              0                 0                    0                    0
OTHER INCOME TAX                                              0                 0                    0                    0
                                                 ---------------------------------------------------------------------------

                     INCOME FROM CONTINUING
                       OPERATIONS                      (52,338)          (12,578)                    0                    0

DISCONTINUED OPERATIONS (GAIN)/LOSS                           0                 0                    0                    0
GAIN/LOSS ON SALE OF DIVISIONS                                0                 0                    0                    0
EXTRAORDINARY ITEMS                                           0                 0                    0                    0
INTEGRATION                                                   0                 0                    0                    0

                                                 ---------------------------------------------------------------------------
                                 NET INCOME            (52,338)          (12,578)                    0                    0
                                                 ===========================================================================
</TABLE>
<PAGE>
                           Collins Aikman Corporation
                             Debtors In Possession
                                Income Statement
                          May 17, 2005 - February 2006



<TABLE>
<CAPTION>
                                                                                 COLLINS & AIKMAN                           JPS
                                                                                 CANADA DOMESTIC     COLLINS & AIKMAN   AUTOMOTIVE,
                                                             COLLINS & AIKMAN    HOLDING COMPANY      PRODUCTS CO.          INC.
                                               TOTAL       CORPORATION 05-55927      05-55930           05-55932         05-55935
                                           -----------------------------------------------------------------------------------------

<S>                                          <C>                   <C>                     <C>       <C>                 <C>
NET OUTSIDE SALES                            1,641,287,005         0                       0         445,358,548         220,276,174
I/C NET SALES                                   83,053,594         0                       0         23,862,661)          24,388,843
                                           -----------------------------------------------------------------------------------------
             TOTAL SALES                     1,724,340,599         0                       0         421,495,887         244,665,017

COST OF SALES                                1,512,129,957         0                       0         215,816,502         233,564,715
                                           -----------------------------------------------------------------------------------------

             GROSS PROFIT                      212,210,642         0                       0         205,679,385          11,100,302

SELLING, GENERAL & ADMINISTRATIVE
  EXPENSES                                     209,013,456         0                       0         182,291,076             261,319
                                           -----------------------------------------------------------------------------------------

             OPERATING INCOME                    3,197,186         0                       0          23,388,309          10,838,983

INTEREST EXPENSE, NET                           70,628,072         0                       0          70,690,005                   0
INTERCOMPANY INTEREST, NET                    (26,299,986)         0            (19,605,756)         (8,148,654)             258,594
PREFERRED STOCK ACCRETION                                0         0                       0                   0                   0
MISCELLANEOUS (INCOME)/EXPENSE                       2,906         0                       0               2,362                   0
CORPORATE ALLOCATION ADJUSTMENT               (12,297,860)         0                       0         45,966,415)           3,989,939
COMMISSION INCOME                              (1,387,912)         0                       0         (1,387,912)                   0
COMMISSION EXPENSE                                       0         0                       0                   0                   0
ROYALTY INCOME                                 (3,990,601)         0                       0         (3,932,506)                   0
ROYALTY EXPENSE                                          0         0                       0                   0                   0
INCOME FROM INVEST IN JV                           177,794         0                       0                   0                   0
MINORITY INTEREST IN CONS NET INCOME                     0         0                       0                   0                   0
DIVIDEND INCOME                                          0         0                       0                   0                   0
DISCOUNT/INCOME FOR CARCORP                          2,592         0                       0               2,592                   0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                 0         0                       0                   0                   0
DISCOUNT/PREMIUM ON HEDGES                               0         0                       0                   0                   0
(GAIN)/LOSS ON HEDGES                                    0         0                       0                   0                   0
(GAIN)/LOSS ON SWAPS                                     0         0                       0                   0                   0
NAAIS INTERCOMPANY SALES PROFIT                          0         0                       0                   0                   0
LOSS ON SALE OF RECEIVABLES                              0         0                       0                   0                   0
RESTRUCTURING PROVISION                                  0         0                       0                   0                   0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                 (212,503)         0             (1,390,651)           1,362,300                   0
AMORT OF DISCOUNT ON NPV OF LIABILITIES                  0         0                       0                   0                   0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                   0         0                       0                   0                   0
                                           -----------------------------------------------------------------------------------------

  INCOME FROM CONTINUING OPERATIONS
    BEFORE INCOME TAXES                       (23,425,316)         0              20,996,407          10,766,537           6,590,450


FEDERAL INCOME TAX                             (4,090,271)         0                       0         (4,090,271)                   0
STATE INCOME TAX                                         0         0                       0                   0                   0
FOREIGN INCOME TAX                                 194,954         0                       0             194,954                   0
OTHER INCOME TAX                                         0         0                       0                   0                   0
                                           -----------------------------------------------------------------------------------------

    INCOME FROM CONTINUING OPERATIONS         (19,529,999)         0              20,996,407          14,661,853           6,590,450

DISCONTINUED OPERATIONS (GAIN)/LOSS            (7,893,295)         0                       0                   0                   0
GAIN/LOSS ON SALE OF DIVISIONS                           0         0                       0                   0                   0
EXTRAORDINARY ITEMS                                      0         0                       0                   0                   0
INTEGRATION                                              0         0                       0                   0                   0

                                           -----------------------------------------------------------------------------------------
                 NET INCOME                   (11,636,704)         0              20,996,407          14,661,853           6,590,450
                                           =========================================================================================
</TABLE>
<PAGE>
                           Collins Aikman Corporation
                             Debtors In Possession
                                Income Statement
                          May 17, 2005 - February 2006



<TABLE>
<CAPTION>


                                                  DURA       COLLINS & AIKMAN        OWOSSO         SOUTHWEST           AMCO
                                               CONVERTIBLE      DEVELOPMENT     THERMAL FORMING,    LAMINATES,       CONVERTIBLE
                                              SYSTEMS, INC.       COMPANY            L.L.C.           INC.          FABRICS, INC.
                                                 05-55942        05-55943           05-55946         05-55948          05-55949
                                              -----------------------------------------------------------------------------------
<S>                                           <C>            <C>                <C>              <C>               <C>
NET OUTSIDE SALES                               78,984,271                 0          7,959,786    70,220,765                  0
I/C NET SALES                                   15,569,291                 0          1,794,585  (52,588,264)         18,303,137
                                              -----------------------------------------------------------------------------------
            TOTAL SALES                         94,553,562                 0          9,754,371    17,632,501         18,303,137

COST OF SALES                                   98,859,527                 0         12,265,188    15,143,748         12,046,976
                                              -----------------------------------------------------------------------------------

            GROSS PROFIT                       (4,305,966)                 0        (2,510,817)     2,488,754          6,256,162

SELLING, GENERAL & ADMINISTRATIVE
  EXPENSES                                       2,942,937                 0              1,127     (112,182)                  0
                                              -----------------------------------------------------------------------------------

            OPERATING INCOME                   (7,248,903)                 0        (2,511,944)     2,600,936          6,256,162

INTEREST EXPENSE, NET                                    0                 0                  0             0                  0
INTERCOMPANY INTEREST, NET                         144,063                 0                  0             0                  0
PREFERRED STOCK ACCRETION                                0                 0                  0             0                  0
MISCELLANEOUS (INCOME)/EXPENSE                           0                 0                  0             0                  0
CORPORATE ALLOCATION ADJUSTMENT                    693,108                 0                  0       450,061                  0
COMMISSION INCOME                                        0                 0                  0             0                  0
COMMISSION EXPENSE                                       0                 0                  0             0                  0
ROYALTY INCOME                                           0                 0                  0             0                  0
ROYALTY EXPENSE                                          0                 0                  0             0                  0
INCOME FROM INVEST IN JV                                 0                 0                  0             0                  0
MINORITY INTEREST IN CONS NET INCOME                     0                 0                  0             0                  0
DIVIDEND INCOME                                          0                 0                  0             0                  0
DISCOUNT/INCOME FOR CARCORP                              0                 0                  0             0                  0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                 0                 0                  0             0                  0
DISCOUNT/PREMIUM ON HEDGES                               0                 0                  0             0                  0
(GAIN)/LOSS ON HEDGES                                    0                 0                  0             0                  0
(GAIN)/LOSS ON SWAPS                                     0                 0                  0             0                  0
NAAIS INTERCOMPANY SALES PROFIT                          0                 0                  0             0                  0
LOSS ON SALE OF RECEIVABLES                              0                 0                  0             0                  0
RESTRUCTURING PROVISION                                  0                 0                  0             0                  0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                 (119,819)                 0                  0             0                  0
AMORT OF DISCOUNT ON NPV OF LIABILITIES                  0                 0                  0             0                  0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                   0                 0                  0             0                  0
                                              -----------------------------------------------------------------------------------

  INCOME FROM CONTINUING OPERATIONS
    BEFORE INCOME TAXES                        (7,966,254)                 0        (2,511,944)     2,150,875          6,256,162


FEDERAL INCOME TAX                                       0                 0                  0             0                  0
STATE INCOME TAX                                         0                 0                  0             0                  0
FOREIGN INCOME TAX                                       0                 0                  0             0                  0
OTHER INCOME TAX                                         0                 0                  0             0                  0
                                              -----------------------------------------------------------------------------------

  INCOME FROM CONTINUING OPERATIONS            (7,966,254)                 0        (2,511,944)     2,150,875          6,256,162

DISCONTINUED OPERATIONS (GAIN)/LOSS                      0                 0                  0             0                  0
GAIN/LOSS ON SALE OF DIVISIONS                           0                 0                  0             0                  0
EXTRAORDINARY ITEMS                                      0                 0                  0             0                  0
INTEGRATION                                              0                 0                  0             0                  0

                                              -----------------------------------------------------------------------------------
        NET INCOME                             (7,966,254)                 0        (2,511,944)     2,150,875          6,256,162
                                              ===================================================================================

</TABLE>
<PAGE>
                           Collins Aikman Corporation
                             Debtors In Possession
                                Income Statement
                          May 17, 2005 - February 2006


<TABLE>
<CAPTION>

                                        COLLINS & AIKMAN   COLLINS & AIKMAN    COLLINS & AIKMAN        BRUT      COLLINS & AIKMAN
                                          INTERNATIONAL        ACCESSORY          AUTOMOTIVE         PLASTICS,      AUTOMOTIVE
                                          CORPORATION         MATS, INC.        INTERIORS, INC.         INC.     EXTERIORS, INC.
                                            05-55951           05-55952            05-55956          05-55957        05-55958
                                         ----------------------------------------------------------------------------------------
<S>                                      <C>               <C>                 <C>                   <C>         <C>

NET OUTSIDE SALES                                     0         99,482,873       323,038,537                0        177,801,718
I/C NET SALES                                         0        (18,047,754)       63,857,517                0          7,369,274
                                         ----------------------------------------------------------------------------------------
                 TOTAL SALES                          0         81,435,120       386,896,053                0        185,170,992

COST OF SALES                                         0         66,864,579       391,602,118                0        189,850,967
                                         ----------------------------------------------------------------------------------------

                 GROSS PROFIT                         0         14,570,541        (4,706,065)               0         (4,679,975)

SELLING, GENERAL & ADMINISTRATIVE
  EXPENSES                                        9,455          3,397,920           266,329                0             25,532
                                         ----------------------------------------------------------------------------------------

                 OPERATING INCOME                (9,455)        11,172,620        (4,972,393)               0         (4,705,507)

INTEREST EXPENSE, NET                                 0                  0                 0                0                  0
INTERCOMPANY INTEREST, NET                            0            146,643           287,843                0            288,772
PREFERRED STOCK ACCRETION                             0                  0                 0                0                  0
MISCELLANEOUS (INCOME)/EXPENSE                        0                  0                 0                0                 (0)
CORPORATE ALLOCATION ADJUSTMENT                       0          2,105,129        11,343,623                0          6,220,840
COMMISSION INCOME                                     0                  0                 0                0                  0
COMMISSION EXPENSE                                    0                  0                 0                0                  0
ROYALTY INCOME                                        0                  0                 0                0                  0
ROYALTY EXPENSE                                       0                  0                 0                0                  0
INCOME FROM INVEST IN JV                              0                  0                 0                0                  0
MINORITY INTEREST IN CONS NET INCOME                  0                  0                 0                0                  0
DIVIDEND INCOME                                       0                  0                 0                0                  0
DISCOUNT/INCOME FOR CARCORP                           0                  0                 0                0                  0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT              0                  0                 0                0                  0
DISCOUNT/PREMIUM ON HEDGES                            0                  0                 0                0                  0
(GAIN)/LOSS ON HEDGES                                 0                  0                 0                0                  0
(GAIN)/LOSS ON SWAPS                                  0                  0                 0                0                  0
NAAIS INTERCOMPANY SALES PROFIT                       0                  0                 0                0                  0
LOSS ON SALE OF RECEIVABLES                           0                  0                 0                0                  0
RESTRUCTURING PROVISION                               0                  0                 0                0                  0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                      0                  0                 0                0            (77,848)
AMORT OF DISCOUNT ON NPV OF LIABILITIES               0                  0                 0                0                  0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                0                  0                 0                0                  0
                                         ----------------------------------------------------------------------------------------

    INCOME FROM CONTINUING OPERATIONS
      BEFORE INCOME TAXES                        (9,455)         8,920,848       (16,603,859)               0        (11,137,271)


FEDERAL INCOME TAX                                    0                  0                 0                0                  0
STATE INCOME TAX                                      0                  0                 0                0                  0
FOREIGN INCOME TAX                                    0                  0                 0                0                  0
OTHER INCOME TAX                                      0                  0                 0                0                  0
                                         ----------------------------------------------------------------------------------------

    INCOME FROM CONTINUING OPERATIONS            (9,455)         8,920,848       (16,603,859)               0        (11,137,271)

DISCONTINUED OPERATIONS (GAIN)/LOSS                   0                  0                 0                0                  0
GAIN/LOSS ON SALE OF DIVISIONS                        0                  0                 0                0                  0
EXTRAORDINARY ITEMS                                   0                  0                 0                0                  0
INTEGRATION                                           0                  0                 0                0                  0

                                         ----------------------------------------------------------------------------------------
                      NET INCOME                 (9,455)         8,920,848       (16,603,859)               0        (11,137,271)
                                         ========================================================================================
</TABLE>



<PAGE>
                           Collins Aikman Corporation
                             Debtors In Possession
                                Income Statement
                          May 17, 2005 - February 2006


<TABLE>
<CAPTION>
                                                 COLLINS &        COLLINS &                           COLLINS &        COLLINS &
                                               AIKMAN ASSET         AIKMAN         WICKES ASSET        AIKMAN            AIKMAN
                                              SERVICES, INC.    PLASTICS, INC.   MANAGEMENT, INC.   FABRICS, INC.   PROPERTIES, INC.
                                                 05-55959          05-55960          05-55962         05-55963          05-55964
                                              -------------------------------------------------------------------------------------
<S>                                           <C>               <C>              <C>                <C>             <C>
NET OUTSIDE SALES                                          0        12,420,266                 0      86,284,308                 0
I/C NET SALES                                              0         8,504,707                 0      52,595,296                 0
                                              -------------------------------------------------------------------------------------
                 TOTAL SALES                               0        20,924,973                 0     138,879,604                 0

COST OF SALES                                              0        21,119,334                 0     146,658,372                 0
                                              -------------------------------------------------------------------------------------

                 GROSS PROFIT                              0          (194,361)                0      (7,778,768)                0

SELLING, GENERAL & ADMINISTRATIVE
  EXPENSES                                                 0        10,867,164              (544)      6,067,210            16,615
                                              -------------------------------------------------------------------------------------

                 OPERATING INCOME                          0       (11,061,525)              544     (13,845,978)          (16,615)

INTEREST EXPENSE, NET                                      0                 0                 0               0                 0
INTERCOMPANY INTEREST, NET                                 0            23,409                 0         139,351                 0
PREFERRED STOCK ACCRETION                                  0                 0                 0               0                 0
MISCELLANEOUS (INCOME)/EXPENSE                             0                 0               544               0                 0
CORPORATE ALLOCATION ADJUSTMENT                            0         2,081,563                 0       1,506,129                 0
COMMISSION INCOME                                          0                 0                 0               0                 0
COMMISSION EXPENSE                                         0                 0                 0               0                 0
ROYALTY INCOME                                             0                 0                 0         (58,095)                0
ROYALTY EXPENSE                                            0                 0                 0               0                 0
INCOME FROM INVEST IN JV                                   0                 0                 0               0                 0
MINORITY INTEREST IN CONS NET INCOME                       0                 0                 0               0                 0
DIVIDEND INCOME                                            0                 0                 0               0                 0
DISCOUNT/INCOME FOR CARCORP                                0                 0                 0               0                 0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                   0                 0                 0               0                 0
DISCOUNT/PREMIUM ON HEDGES                                 0                 0                 0               0                 0
(GAIN)/LOSS ON HEDGES                                      0                 0                 0               0                 0
(GAIN)/LOSS ON SWAPS                                       0                 0                 0               0                 0
NAAIS INTERCOMPANY SALES PROFIT                            0                 0                 0               0                 0
LOSS ON SALE OF RECEIVABLES                                0                 0                 0               0                 0
RESTRUCTURING PROVISION                                    0                 0                 0               0                 0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                           0           (60,642)                0               0                 0
AMORT OF DISCOUNT ON NPV OF LIABILITIES                    0                 0                 0               0                 0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                     0                 0                 0               0                 0
                                              -------------------------------------------------------------------------------------

   INCOME FROM CONTINUING OPERATIONS
     BEFORE INCOME TAXES                                   0       (13,105,855)               (0)    (15,433,363)          (16,615)


FEDERAL INCOME TAX                                         0                 0                 0               0                 0
STATE INCOME TAX                                           0                 0                 0               0                 0
FOREIGN INCOME TAX                                         0                 0                 0               0                 0
OTHER INCOME TAX                                           0                 0                 0               0                 0
                                              -------------------------------------------------------------------------------------

   INCOME FROM CONTINUING OPERATIONS                       0       (13,105,855)               (0)    (15,433,363)          (16,615)

DISCONTINUED OPERATIONS (GAIN)/LOSS                        0                 0                 0               0                 0
GAIN/LOSS ON SALE OF DIVISIONS                             0                 0                 0               0                 0
EXTRAORDINARY ITEMS                                        0                 0                 0               0                 0
INTEGRATION                                                0                 0                 0               0                 0

                                              -------------------------------------------------------------------------------------
                     NET INCOME                            0       (13,105,855)               (0)    (15,433,363)          (16,615)
                                              =====================================================================================
</TABLE>
<PAGE>
                           COLLINS AIKMAN CORPORATION
                             DEBTORS IN POSSESSION
                                INCOME STATEMENT
                          MAY 17, 2005 - FEBRUARY 2006

<TABLE>
<CAPTION>
                                                   COLLINS & AIKMAN    WICKES          COLLINS        COLLINS
                                                      AUTOMOTIVE    MANUFACTURING      & AIKMAN       & AIKMAN           COMET
                                                     (ARGENTINA),      COMPANY     INTERIORS, INC.     EUROPE       ACOUSTICS, INC.
                                                    INC. 05-55965     05-55968         05-55970       05-55971          05-55972
                                                   ---------------- -------------  ---------------  -----------     ---------------
<S>                                                <C>              <C>            <C>              <C>              <C>
NET OUTSIDE SALES                                           0              0                  0           0                      0
I/C NET SALES                                               0              0                  0           0                      0
                                                     ------------------------------------------------------------------------------
                               TOTAL SALES                  0              0                  0           0                      0

COST OF SALES                                               0              0                  0           0                      0
                                                     ------------------------------------------------------------------------------

                              GROSS PROFIT                  0              0                  0           0                      0

SELLING, GENERAL & ADMINISTRATIVE EXPENSES              5,442      2,228,246                  0           0                (33,743)
                                                     ------------------------------------------------------------------------------

                            OPERATING INCOME           (5,442)    (2,228,246)                 0           0                 33,743

INTEREST EXPENSE, NET                                    (377)             0                  0           0                      0
INTERCOMPANY INTEREST, NET                                  0              0                  0           0                      0
PREFERRED STOCK ACCRETION                                   0              0                  0           0                      0
MISCELLANEOUS (INCOME)/EXPENSE                              0              0                  0           0                      0
CORPORATE ALLOCATION ADJUSTMENT                             0              0                  0           0                      0
COMMISSION INCOME                                           0              0                  0           0                      0
COMMISSION EXPENSE                                          0              0                  0           0                      0
ROYALTY INCOME                                              0              0                  0           0                      0
ROYALTY EXPENSE                                             0              0                  0           0                      0
INCOME FROM INVEST IN JV                                    0              0                  0           0                      0
MINORITY INTEREST IN CONS NET INCOME                        0              0                  0           0                      0
DIVIDEND INCOME                                             0              0                  0           0                      0
DISCOUNT/INCOME FOR CARCORP                                 0              0                  0           0                      0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                    0              0                  0           0                      0
DISCOUNT/PREMIUM ON HEDGES                                  0              0                  0           0                      0
(GAIN)/LOSS ON HEDGES                                       0              0                  0           0                      0
(GAIN)/LOSS ON SWAPS                                        0              0                  0           0                      0
NAAIS INTERCOMPANY SALES PROFIT                             0              0                  0           0                      0
LOSS ON SALE OF RECEIVABLES                                 0              0                  0           0                      0
RESTRUCTURING PROVISION                                     0              0                  0           0                      0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                        2,107              0                  0           0                      0
AMORT OF DISCOUNT ON NPV OF LIABILITIES                     0              0                  0           0                      0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                      0              0                  0           0                      0
                                                     ------------------------------------------------------------------------------

          INCOME FROM CONTINUING OPERATIONS
                 BEFORE INCOME TAXES                   (7,172)    (2,228,246)                 0           0                 33,743


FEDERAL INCOME TAX                                          0              0                  0           0                      0
STATE INCOME TAX                                            0              0                  0           0                      0
FOREIGN INCOME TAX                                          0              0                  0           0                      0
OTHER INCOME TAX                                            0              0                  0           0                      0
                                                     ------------------------------------------------------------------------------

                    INCOME FROM CONTINUING
                          OPERATIONS                   (7,172)    (2,228,246)                 0           0                 33,743

DISCONTINUED OPERATIONS (GAIN)/LOSS                         0     (7,893,295)                 0           0                      0
GAIN/LOSS ON SALE OF DIVISIONS                              0              0                  0           0                      0
EXTRAORDINARY ITEMS                                         0              0                  0           0                      0
INTEGRATION                                                 0              0                  0           0                      0

                                                     ------------------------------------------------------------------------------
                               NET INCOME              (7,172)     5,665,049                  0           0                 33,743
                                                     ==============================================================================
</TABLE>
<PAGE>
                           COLLINS AIKMAN CORPORATION
                             DEBTORS IN POSSESSION
                                INCOME STATEMENT
                          MAY 17, 2005 - FEBRUARY 2006


<TABLE>
<CAPTION>
                                                                                                           COLLINS &
                                                                                                            AIKMAN
                                                                       COLLINS &                          AUTOMOTIVE
                                                         GAMBLE         AIKMAN                             OVERSEAS         CW
                                                      DEVELOPMENT     INTELLIMOLD,        BECKER          INVESTMENT    MANAGEMENT
                                                         COMPANY          INC.         GROUP, L.L.C.          INC.      CORPORATION
                                                        05-55974       05-55976         05-55977           05-55978       05-55979
                                                      -----------     ------------     -------------      ----------    ------------
<S>                                                   <C>             <C>              <C>                <C>           <C>
NET OUTSIDE SALES                                          0              0             73,809,358             0              0
I/C NET SALES                                              0              0            (15,305,220)            0              0
                                                       -------------------------------------------------------------------------
                              TOTAL SALES                  0              0             58,504,137             0              0

COST OF SALES                                              0              0             62,614,811             0              0
                                                       -------------------------------------------------------------------------

                              GROSS PROFIT                 0              0             (4,110,674)            0              0

SELLING, GENERAL & ADMINISTRATIVE EXPENSES                 0              0                 50,838             0              0
                                                       -------------------------------------------------------------------------

                            OPERATING INCOME               0              0             (4,161,513)            0              0

INTEREST EXPENSE, NET                                      0              0                (61,550)            0              0
INTERCOMPANY INTEREST, NET                                 0              0                 82,791             0              0
PREFERRED STOCK ACCRETION                                  0              0                      0             0              0
MISCELLANEOUS (INCOME)/EXPENSE                             0              0                      0             0              0
CORPORATE ALLOCATION ADJUSTMENT                            0              0              4,215,072             0              0
COMMISSION INCOME                                          0              0                      0             0              0
COMMISSION EXPENSE                                         0              0                      0             0              0
ROYALTY INCOME                                             0              0                      0             0              0
ROYALTY EXPENSE                                            0              0                      0             0              0
INCOME FROM INVEST IN JV                                   0              0                177,794             0              0
MINORITY INTEREST IN CONS NET INCOME                       0              0                      0             0              0
DIVIDEND INCOME                                            0              0                      0             0              0
DISCOUNT/INCOME FOR CARCORP                                0              0                      0             0              0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                   0              0                      0             0              0
DISCOUNT/PREMIUM ON HEDGES                                 0              0                      0             0              0
(GAIN)/LOSS ON HEDGES                                      0              0                      0             0              0
(GAIN)/LOSS ON SWAPS                                       0              0                      0             0              0
NAAIS INTERCOMPANY SALES PROFIT                            0              0                      0             0              0
LOSS ON SALE OF RECEIVABLES                                0              0                      0             0              0
RESTRUCTURING PROVISION                                    0              0                      0             0              0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                           0              0                (31,073)            0              0
AMORT OF DISCOUNT ON NPV OF LIABILITIES                    0              0                      0             0              0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                     0              0                      0             0              0
                                                       -------------------------------------------------------------------------

         INCOME FROM CONTINUING OPERATIONS
              BEFORE INCOME TAXES                          0              0             (8,544,547)            0              0


FEDERAL INCOME TAX                                         0              0                      0             0              0
STATE INCOME TAX                                           0              0                      0             0              0
FOREIGN INCOME TAX                                         0              0                      0             0              0
OTHER INCOME TAX                                           0              0                      0             0              0
                                                       -------------------------------------------------------------------------

                   INCOME FROM CONTINUING
                          OPERATIONS                       0              0             (8,544,547)            0              0

DISCONTINUED OPERATIONS (GAIN)/LOSS                        0              0                      0             0              0
GAIN/LOSS ON SALE OF DIVISIONS                             0              0                      0             0              0
EXTRAORDINARY ITEMS                                        0              0                      0             0              0
INTEGRATION                                                0              0                      0             0              0

                                                       -------------------------------------------------------------------------
                               NET INCOME                  0              0             (8,544,547)            0              0
                                                       =========================================================================
</TABLE>
<PAGE>
                           COLLINS AIKMAN CORPORATION
                             DEBTORS IN POSSESSION
                                INCOME STATEMENT
                          MAY 17, 2005 - FEBRUARY 2006

<TABLE>
<CAPTION>
                                                      COLLINS &                                             COLLINS &
                                                        AIKMAN            COLLINS &          COLLINS &       AIKMAN       COLLINS &
                                                      AUTOMOTIVE           AIKMAN             AIKMAN       AUTMOTIVE       AIKMAN
                                                    INTERNATIONAL         CARPET &           CARPET &     INTERNATIONAL  (GIBRALTAR)
                                                         INC.            ACCOUSTIC           ACCOUSTIC      SERVICES,      LIMITED
                                                       05-55980           05-55984           05-55982       05-55985      05-55989
                                                    -------------       -----------         ----------    -------------  -----------
<S>                                                 <C>                 <C>                  <C>          <C>            <C>
NET OUTSIDE SALES                                         0             45,650,401                 0               0              0
I/C NET SALES                                             0                473,251                 0               0              0
                                                      ------------------------------------------------------------------------------
                               TOTAL SALES                0             46,123,652                 0               0              0

COST OF SALES                                             0             45,538,115            25,000          19,547              0
                                                      ------------------------------------------------------------------------------

                              GROSS PROFIT                0                585,537           (25,000)        (19,547)             0

SELLING, GENERAL & ADMINISTRATIVE EXPENSES                0                 14,836                 0               0         33,714
                                                      ------------------------------------------------------------------------------

                            OPERATING INCOME              0                570,701           (25,000)        (19,547)       (33,714)

INTEREST EXPENSE, NET                                     0                      0                 0               0             (6)
INTERCOMPANY INTEREST, NET                                0                 82,958                 0               0              0
PREFERRED STOCK ACCRETION                                 0                      0                 0               0              0
MISCELLANEOUS (INCOME)/EXPENSE                            0                      0                 0               0              0
CORPORATE ALLOCATION ADJUSTMENT                           0              1,063,091                 0               0              0
COMMISSION INCOME                                         0                      0                 0               0              0
COMMISSION EXPENSE                                        0                      0                 0               0              0
ROYALTY INCOME                                            0                      0                 0               0              0
ROYALTY EXPENSE                                           0                      0                 0               0              0
INCOME FROM INVEST IN JV                                  0                      0                 0               0              0
MINORITY INTEREST IN CONS NET INCOME                      0                      0                 0               0              0
DIVIDEND INCOME                                           0                      0                 0               0              0
DISCOUNT/INCOME FOR CARCORP                               0                      0                 0               0              0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                  0                      0                 0               0              0
DISCOUNT/PREMIUM ON HEDGES                                0                      0                 0               0              0
(GAIN)/LOSS ON HEDGES                                     0                      0                 0               0              0
(GAIN)/LOSS ON SWAPS                                      0                      0                 0               0              0
NAAIS INTERCOMPANY SALES PROFIT                           0                      0                 0               0              0
LOSS ON SALE OF RECEIVABLES                               0                      0                 0               0              0
RESTRUCTURING PROVISION                                   0                      0                 0               0              0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                          0                      0                 0         100,304            578
AMORT OF DISCOUNT ON NPV OF LIABILITIES                   0                      0                 0               0              0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                    0                      0                 0               0              0
                                                      ------------------------------------------------------------------------------

          INCOME FROM CONTINUING OPERATIONS
                   BEFORE INCOME TAXES                    0               (575,348)          (25,000)       (119,852)       (34,286)


FEDERAL INCOME TAX                                        0                      0                 0               0              0
STATE INCOME TAX                                          0                      0                 0               0              0
FOREIGN INCOME TAX                                        0                      0                 0               0              0
OTHER INCOME TAX                                          0                      0                 0               0              0
                                                      ------------------------------------------------------------------------------

                    INCOME FROM CONTINUING
                          OPERATIONS                      0               (575,348)          (25,000)       (119,852)       (34,286)

DISCONTINUED OPERATIONS (GAIN)/LOSS                       0                      0                 0               0              0
GAIN/LOSS ON SALE OF DIVISIONS                            0                      0                 0               0              0
EXTRAORDINARY ITEMS                                       0                      0                 0               0              0
INTEGRATION                                               0                      0                 0               0              0
                                                      ------------------------------------------------------------------------------
                               NET INCOME                 0               (575,348)          (25,000)       (119,852)       (34,286)
                                                      ==============================================================================
</TABLE>
<PAGE>
                           COLLINS AIKMAN CORPORATION
                             DEBTORS IN POSSESSION
                                INCOME STATEMENT
                          MAY 17, 2005 - FEBRUARY 2006


<TABLE>
<CAPTION>
                                                                                                     COLLINS &            COLLINS &
                                                         COLLINS &                NEW                  AIKMAN               AIKMAN
                                                          AIKMAN               BALTIMORE             AUTMOTIVE            AUTOMOTIVE
                                                        AUTOMOTIVE             HOLDINGS,             SERVICES,              MATS,
                                                       (ASIA), INC.             L.L.C.                 L.L.C.               L.L.C.
                                                         05-55991              05-55992              05-55981              05-55969
                                                       ------------          ------------         -------------         ------------
<S>                                                    <C>                   <C>                  <C>                   <C>
NET OUTSIDE SALES                                               0                     0                    0                     0
I/C NET SALES                                                   0                 1,592                    0                     0
                                                       ----------------------------------------------------------------------------
                               TOTAL SALES                      0                 1,592                    0                     0

COST OF SALES                                                   0               140,457                    0                     0
                                                       ----------------------------------------------------------------------------

                              GROSS PROFIT                      0              (138,865)                   0                     0

SELLING, GENERAL & ADMINISTRATIVE EXPENSES                680,163                     0                    0                     0
                                                       ----------------------------------------------------------------------------

                            OPERATING INCOME             (680,163)             (138,865)                   0                     0

INTEREST EXPENSE, NET                                           0                     0                    0                     0
INTERCOMPANY INTEREST, NET                                      0                     0                    0                     0
PREFERRED STOCK ACCRETION                                       0                     0                    0                     0
MISCELLANEOUS (INCOME)/EXPENSE                                  0                     0                    0                     0
CORPORATE ALLOCATION ADJUSTMENT                                 0                     0                    0                     0
COMMISSION INCOME                                               0                     0                    0                     0
COMMISSION EXPENSE                                              0                     0                    0                     0
ROYALTY INCOME                                                  0                     0                    0                     0
ROYALTY EXPENSE                                                 0                     0                    0                     0
INCOME FROM INVEST IN JV                                        0                     0                    0                     0
MINORITY INTEREST IN CONS NET INCOME                            0                     0                    0                     0
DIVIDEND INCOME                                                 0                     0                    0                     0
DISCOUNT/INCOME FOR CARCORP                                     0                     0                    0                     0
GAIN/(LOSS) EARLY EXTINGUISHMENT OF DEBT                        0                     0                    0                     0
DISCOUNT/PREMIUM ON HEDGES                                      0                     0                    0                     0
(GAIN)/LOSS ON HEDGES                                           0                     0                    0                     0
(GAIN)/LOSS ON SWAPS                                            0                     0                    0                     0
NAAIS INTERCOMPANY SALES PROFIT                                 0                     0                    0                     0
LOSS ON SALE OF RECEIVABLES                                     0                     0                    0                     0
RESTRUCTURING PROVISION                                         0                     0                    0                     0
FOREIGN TRANSACTIONS-(GAIN)/LOSS                            2,241                     0                    0                     0
AMORT OF DISCOUNT ON NPV OF LIABILITIES                         0                     0                    0                     0
(GAIN)/LOSS SALE-LEASEBACK TRANSACTION                          0                     0                    0                     0
                                                       ----------------------------------------------------------------------------

          INCOME FROM CONTINUING OPERATIONS
                 BEFORE INCOME TAXES                     (682,404)             (138,865)                   0                     0


FEDERAL INCOME TAX                                              0                     0                    0                     0
STATE INCOME TAX                                                0                     0                    0                     0
FOREIGN INCOME TAX                                              0                     0                    0                     0
OTHER INCOME TAX                                                0                     0                    0                     0
                                                       ----------------------------------------------------------------------------

                    INCOME FROM CONTINUING
                          OPERATIONS                     (682,404)             (138,865)                   0                     0

DISCONTINUED OPERATIONS (GAIN)/LOSS                             0                     0                    0                     0
GAIN/LOSS ON SALE OF DIVISIONS                                  0                     0                    0                     0
EXTRAORDINARY ITEMS                                             0                     0                    0                     0
INTEGRATION                                                     0                     0                    0                     0

                                                       ----------------------------------------------------------------------------
                               NET INCOME                (682,404)             (138,865)                   0                     0
                                                       ============================================================================
</TABLE>
<PAGE>
                           Collins Aikman Corporation
                             Debtors In Possession
                                 Balance Sheet
                              As of February 2006


<TABLE>
<CAPTION>
                                                                 COLLINS & AIKMAN                                        DURA
                                                COLLINS & AIKMAN CANADA DOMESTIC    COLLINS & AIKMAN     JPS          CONVERTIBLE
                                                   CORPORATION    HOLDING COMPANY     PRODUCTS CO.   AUTOMOTIVE, INC. SYSTEMS, INC.
                                      TOTAL          05-55927         05-55930          05-55932        05-55935        05-55942
                                ---------------------------------------------------------------------------------------------------
<S>                             <C>             <C>               <C>             <C>                <C>              <C>
CASH                                63,684,831             0                0        63,046,182           15,985             3,000
ACCOUNTS RECEIVABLE-TRADE, NET     126,702,086             0                0      (163,013,977)      32,739,981        13,335,918
OTHER NON-TRADE RECEIVABLES          6,488,582             0                0         3,218,101                0            18,000
INVENTORIES, NET                   108,950,539             0                0        14,966,730       13,661,124         8,912,780
TOOLING AND MOLDING, NET-CURRENT    64,314,060             0                0         7,156,147                0          (812,738)
PREPAIDS & OTHER CURRENT ASSETS     74,183,529             0                0        34,893,041       13,821,588         3,523,039
DEFERRED TAX ASSETS-CURRENT            (87,825)            0                0        (1,224,646)         130,000                 0
                                ---------------------------------------------------------------------------------------------------

           TOTAL CURRENT ASSETS    444,235,802             0                0       (40,958,422)      60,368,678        24,979,999

INVESTMENTS IN SUBSIDIARIES      2,534,708,519    83,367,715       97,290,718     1,683,436,352                0                 0
FIXED ASSETS, NET                  328,189,523             0                0        42,021,685       51,886,829         4,137,804
GOODWILL, NET                      978,554,071             0                0       167,961,702       15,120,048         3,067,744
DEFERRED TAX ASSETS-LONG TERM       25,938,826             0                0        29,975,226                0                 0
TOOLING AND MOLDING, NET-LONG
  TERM                              10,221,338             0                0         1,256,986        1,315,403                 0
OTHER NONCURRENT ASSETS             92,331,737             0                0        69,094,080         (676,453)           21,607
INTERCOMPANY ACCOUNTS - NET        171,319,009             0                0       216,652,394        2,336,590        (6,505,852)
PRE-PETITION INTERCOMPANY - NET    671,429,883   206,452,371      292,697,384       586,562,372       95,437,556        14,108,294
                                ---------------------------------------------------------------------------------------------------

                TOTAL ASSETS     5,256,928,708   289,820,086      389,988,101     2,756,002,374      225,788,651        39,809,595
                                ===================================================================================================

NOTES PAYABLE                                0             0                0                 0                0                 0
SHORT TERM BORROWINGS                        0             0                0                 0                0                 0
ADVANCE ON RECEIVABLES                       0             0                0                 0                0                 0
CURRENT PORTION-LONG TERM DEBT     248,825,000             0                0       248,825,000                0                 0
CURRENT PORTION-CAPITAL LEASES               0             0                0                 0                0                 0
ACCOUNTS PAYABLE                    41,777,794             0                0        10,315,151        8,537,945         1,094,533
ACCRUED INTEREST PAYABLE             6,073,867             0                0         6,073,867                0                 0
ACCRUED & OTHER LIABILITIES         86,240,146             0                0        73,000,959        4,328,034         1,277,380
INCOME TAXES PAYABLE                (5,754,126)            0                0        (5,772,982)               0                 0
                                ---------------------------------------------------------------------------------------------------
      TOTAL CURRENT LIABILITIES    377,162,681             0                0       332,441,995       12,865,979         2,371,913

LIABILITIES SUBJECT TO
  COMPROMISE                     2,375,538,544             0                0     2,148,281,569       24,226,184        12,002,222
                                ---------------------------------------------------------------------------------------------------

           TOTAL LIABILITIES     2,752,701,225             0                0     2,480,723,565       37,092,164        14,374,135

                                ---------------------------------------------------------------------------------------------------
             TOTAL EQUITY        2,504,227,483   289,820,086      389,988,101       275,278,809      188,696,487        25,435,460

                                ---------------------------------------------------------------------------------------------------
     TOTAL LIABILITIES &
       EQUITY                    5,256,928,708   289,820,086      389,988,101     2,756,002,374      225,788,651        39,809,595
                                ===================================================================================================
</TABLE>



<PAGE>

                           Collins Aikman Corporation
                             Debtors In Possession
                                 Balance Sheet
                              As of February 2006

<Table>
<Caption>
                                   COLLINS & AIKMAN   OWOSSO                             AMCO     COLLINS & AIKMAN COLLINS & AIKMAN
                                     DEVELOPMENT      THERMAL         SOUTHWEST      CONVERTIBLE    INTERNATIONAL      ACCESSORY
                                       COMPANY     FORMING, L.L.C..  LAMINATES, INC. FABRICS, INC.   CORPORATION        MATS, INC.
                                      05-55943       05-55946          05-55948        05-55949        05-55951          05-55952
                                   ------------------------------------------------------------------------------------------------
<S>                                <C>            <C>               <C>              <C>          <C>              <C>
CASH                                           0             0             1,000               0            3,753          382,078
ACCOUNTS RECEIVABLE-TRADE, NET                 0     1,084,944        11,746,458               0                0       14,441,339
OTHER NON-TRADE RECEIVABLES                    0             0                 0          95,400                0           69,998
INVENTORIES, NET                               0       565,988         3,214,409       3,965,006                0        3,248,846
TOOLING AND MOLDING, NET-CURRENT               0             0                 0               0                0        2,097,537
PREPAIDS & OTHER CURRENT ASSETS                0       112,129            65,894       1,893,233              442        1,545,481
DEFERRED TAX ASSETS-CURRENT                    0             0            91,421               0                0                0
                                   ------------------------------------------------------------------------------------------------

    TOTAL CURRENT ASSETS                       0     1,763,060        15,119,183       5,953,639            4,195       21,785,279

INVESTMENTS IN SUBSIDIARIES                    0             0                 0               0      164,130,994                0
FIXED ASSETS, NET                              0     3,555,021         2,018,657               0                0       13,397,301
GOODWILL, NET                         15,000,000             0        12,747,886               0                0                0
DEFERRED TAX ASSETS-LONG TERM                  0             0                 0               0                0                0
TOOLING AND MOLDING, NET-LONG TERM             0        26,140                 0               0                0         (174,350)
OTHER NONCURRENT ASSETS                        0             0                 0               0                0          669,600
INTERCOMPANY ACCOUNTS - NET                    0    (1,088,421)        7,108,282       5,155,161          (11,800)       4,779,321
PRE-PETITION INTERCOMPANY - NET             (133)   (7,227,700)      (21,772,997)     11,911,405      148,997,775        9,939,478
                                   ------------------------------------------------------------------------------------------------

        TOTAL ASSETS                  14,999,867    (2,971,900)       15,221,011      23,020,205      313,121,164       50,396,629
                                   ================================================================================================

NOTES PAYABLE                                  0             0                 0               0                0                0
SHORT TERM BORROWINGS                          0             0                 0               0                0                0
ADVANCE ON RECEIVABLES                         0             0                 0               0                0                0
CURRENT PORTION-LONG TERM DEBT                 0             0                 0               0                0                0
CURRENT PORTION-CAPITAL LEASES                 0             0                 0               0                0                0
ACCOUNTS PAYABLE                               0      (173,792)          500,435         461,568                0          976,140
ACCRUED INTEREST PAYABLE                       0             0                 0               0                0                0
ACCRUED & OTHER LIABILITIES                    0        97,824           442,249       1,480,220                0        4,263,973
INCOME TAXES PAYABLE                           0             0                 0               0                0                0
                                   ------------------------------------------------------------------------------------------------
    TOTAL CURRENT LIABILITIES                  0       (75,968)          942,684       1,941,788                0        5,240,113

LIABILITIES SUBJECT TO COMPROMISE              0     1,658,486         1,022,255       1,483,098                0        9,174,715
                                   ------------------------------------------------------------------------------------------------

         TOTAL LIABILITIES                     0     1,582,519         1,964,939       3,424,887                0       14,414,828

                                   ------------------------------------------------------------------------------------------------
            TOTAL EQUITY              14,999,867    (4,554,419)       13,256,071      19,595,318      313,121,164       35,981,800

                                   ------------------------------------------------------------------------------------------------
     TOTAL LIABILITIES & EQUITY       14,999,867    (2,971,900)       15,221,011      23,020,205      313,121,164       50,396,629
                                   =================================================================================================
</TABLE>

<PAGE>

                           Collins Aikman Corporation
                             Debtors In Possession
                                 Balance Sheet
                              As of February 2006

<Table>
<Caption>
                                  COLLINS & AIKMAN               COLLINS & AIKMAN  COLLINS & AIKMAN                   WICKES ASSET
                                     AUTOMOTIVE         BRUT       AUTOMOTIVE           ASSET       COLLINS & AIKMAN   MANAGEMENT,
                                   INTERIORS, INC. PLASTICS, INC. EXTERIORS, INC.   SERVICES, INC.    PLASTICS, INC.      INC.
                                     05-55956         05-55957      05-55958           05-55959         05-55960        05-55962
                                    ---------------------------------------------------------------------------------------------
<S>                                 <C>             <C>           <C>                <C>            <C>               <C>
CASH                                       29,500          0             18,752                0           1,000               0
ACCOUNTS RECEIVABLE-TRADE, NET         46,666,105          0         45,217,859                0      92,561,253               0
OTHER NON-TRADE RECEIVABLES                     0          0          1,711,107                0       1,029,184          28,581
INVENTORIES, NET                       21,966,144          0         12,525,210                0       1,827,881               0
TOOLING AND MOLDING, NET-CURRENT                0          0            185,910                0      38,643,083               0
PREPAIDS & OTHER CURRENT ASSETS         9,217,854          0          3,167,326                0         540,619           2,100
DEFERRED TAX ASSETS-CURRENT                     0          0                  0                0               0               0
                                    ---------------------------------------------------------------------------------------------

      TOTAL CURRENT ASSETS             77,879,603          0         62,826,165                0     134,603,018          30,681

INVESTMENTS IN SUBSIDIARIES                     0          0                  0     (17,789,881)      81,550,000               0
FIXED ASSETS, NET                      79,276,508          0         60,682,776                0       6,885,737          23,365
GOODWILL, NET                         139,898,759          0        189,072,932                0     116,820,923               0
DEFERRED TAX ASSETS-LONG TERM                   0          0                  0                0               0               0
TOOLING AND MOLDING, NET-LONG TERM      7,935,941          0          (325,772)                0          41,099               0
OTHER NONCURRENT ASSETS                19,634,417          0        (3,952,327)                0           7,196               0
INTERCOMPANY ACCOUNTS - NET          (33,230,679)          0       (18,948,677)                0    (10,751,149)           5,532
PRE-PETITION INTERCOMPANY - NET     (156,609,775)          0       (38,247,467)        (126,097)   (179,653,900)      13,761,968
                                    ---------------------------------------------------------------------------------------------

           TOTAL ASSETS               134,784,774          0        251,107,631     (17,915,978)     149,502,924      13,821,546
                                    =============================================================================================

NOTES PAYABLE                                   0          0                  0                0               0               0
SHORT TERM BORROWINGS                           0          0                  0                0               0               0
ADVANCE ON RECEIVABLES                          0          0                  0                0               0               0
CURRENT PORTION-LONG TERM DEBT                  0          0                  0                0               0               0
CURRENT PORTION-CAPITAL LEASES                  0          0                  0                0               0               0
ACCOUNTS PAYABLE                        1,113,390          0         12,487,512                0         241,730            (14)
ACCRUED INTEREST PAYABLE                        0          0                  0                0               0               0
ACCRUED & OTHER LIABILITIES             2,817,820          0          4,677,879                0       (332,953)             544
INCOME TAXES PAYABLE                            0          0                  0                0               0               0
                                    ---------------------------------------------------------------------------------------------
      TOTAL CURRENT LIABILITIES         3,931,209          0         17,165,391                0        (91,223)             530

LIABILITIES SUBJECT TO COMPROMISE      61,884,445          0         21,514,162                0      63,386,229     (7,844,690)
                                    ---------------------------------------------------------------------------------------------

         TOTAL LIABILITIES             65,815,654          0         38,679,553                0      63,295,006     (7,844,160)

                                    ---------------------------------------------------------------------------------------------
            TOTAL EQUITY               68,969,120          0        212,428,078     (17,915,978)      86,207,918      21,665,706

                                    ---------------------------------------------------------------------------------------------
      TOTAL LIABILITIES & EQUITY      134,784,774          0        251,107,631     (17,915,978)     149,502,924      13,821,546
                                    =============================================================================================
</TABLE>

<PAGE>



                           Collins Aikman Corporation
                              Debtors In Possession
                                  Balance Sheet
                               As of February 2006



<TABLE>
<CAPTION>
                                                                         COLLINS
                                         COLLINS                         & AIKMAN          WICKES       COLLINS
                                        & AIKMAN     COLLINS & AIKMAN    AUTOMOTIVE     MANUFACTURING  & AIKMAN    COLLINS & AIKMAN
                                       FABRICS, INC. PROPERTIES, INC. (ARGENTINA), INC.   COMPANY      INTERIORS,    EUROPE, INC.
                                        05-55963        05-55964          05-55965        05-55968    INC. 05-55970    05-55971
                                       ------------------------------------------------------------------------------------------
<S>                                    <C>            <C>             <C>               <C>           <C>          <C>
CASH                                          12,987           2,976         5,606               0              0              0
ACCOUNTS RECEIVABLE-TRADE, NET             9,291,501               0         (388)               0              0              0
OTHER NON-TRADE RECEIVABLES                   80,775               0        20,338               0              0              0
INVENTORIES, NET                          16,714,977               0             0               0              0              0
TOOLING AND MOLDING, NET-CURRENT                   0               0             0               0              0              0
PREPAIDS & OTHER CURRENT ASSETS            3,815,357               0        26,833               0              0              0
DEFERRED TAX ASSETS-CURRENT                  915,400               0             0               0              0              0
                                       ------------------------------------------------------------------------------------------

                TOTAL CURRENT ASSETS      30,830,996           2,976        52,389               0              0              0

INVESTMENTS IN SUBSIDIARIES                        0               0             0               0    200,858,103    120,915,758
FIXED ASSETS, NET                         35,411,309               0             0               0              0              0
GOODWILL, NET                            192,724,235               0       203,000               0              0              0
DEFERRED TAX ASSETS-LONG TERM            (4,036,400)               0             0               0              0              0
TOOLING AND MOLDING, NET-LONG TERM                 0               0             0               0              0              0
OTHER NONCURRENT ASSETS                    5,298,728         111,252             0               0              0              0
INTERCOMPANY ACCOUNTS - NET                3,338,404        (18,900)             0       (144,812)              0              0
PRE-PETITION INTERCOMPANY - NET        (155,116,738)     157,073,380             0     (8,886,636)  (145,234,274)    (1,135,736)
                                       ------------------------------------------------------------------------------------------

                    TOTAL ASSETS         108,450,534     157,168,707       255,389     (9,031,448)     55,623,829    119,780,021
                                       ==========================================================================================

NOTES PAYABLE                                      0               0             0               0              0              0
SHORT TERM BORROWINGS                              0               0             0               0              0              0
ADVANCE ON RECEIVABLES                             0               0             0               0              0              0
CURRENT PORTION-LONG TERM DEBT                     0               0             0               0              0              0
CURRENT PORTION-CAPITAL LEASES                     0               0             0               0              0              0
ACCOUNTS PAYABLE                           2,982,460               0             0               0              0              0
ACCRUED INTEREST PAYABLE                           0               0             0               0              0              0
ACCRUED & OTHER LIABILITIES                3,708,986               0         8,597    (11,618,887)              0              0
INCOME TAXES PAYABLE                               0               0             0               0              0              0
                                       ------------------------------------------------------------------------------------------
              TOTAL CURRENT LIABILITIES    6,691,446               0         8,597    (11,618,887)              0              0

LIABILITIES SUBJECT TO COMPROMISE         20,720,212               0       179,471     (1,453,440)              0              0
                                       ------------------------------------------------------------------------------------------

                  TOTAL LIABILITIES       27,411,658               0       188,068    (13,072,327)              0              0

                                       ------------------------------------------------------------------------------------------
                    TOTAL EQUITY          81,038,876     157,168,707        67,321       4,040,879     55,623,829    119,780,021

                                       ------------------------------------------------------------------------------------------
             TOTAL LIABILITIES & EQUITY  108,450,534     157,168,707       255,389     (9,031,448)     55,623,829    119,780,021
                                       ==========================================================================================
</TABLE>


<PAGE>



                           Collins Aikman Corporation
                              Debtors In Possession
                                  Balance Sheet
                               As of February 2006


<TABLE>
<CAPTION>
                                                                                                      COLLINS & AIKMAN
                                                          GAMBLE    COLLINS & AIKMAN                    AUTOMOTIVE
                                                        DEVELOPMENT   INTELLIMOLD,                       OVERSEAS     CW MANAGEMENT
                                      COMET ACOUSTICS,    COMPANY        INC.        BECKER GROUP,    INVESTMENT INC.  CORPORATION
                                      INC. 05-55972      05-55974      05-55976     L.L.C.. 05-55977      05-55978       05-55979
                                    --------------------------------------------------------------------------------------------
<S>                                 <C>                 <C>          <C>           <C>                <C>             <C>
CASH                                               0             0              0           2,572              0              0
ACCOUNTS RECEIVABLE-TRADE, NET             (154,243)             0        315,966      16,301,213              0              0
OTHER NON-TRADE RECEIVABLES                        0             0              0         177,128              0              0
INVENTORIES, NET                                   0             0              0       5,800,415              0              0
TOOLING AND MOLDING, NET-CURRENT                   0             0              0      16,954,336              0              0
PREPAIDS & OTHER CURRENT ASSETS                    0             0         81,905         876,395              0          2,500
DEFERRED TAX ASSETS-CURRENT                        0             0              0               0              0              0
                                    --------------------------------------------------------------------------------------------

                TOTAL CURRENT ASSETS       (154,243)             0        397,871      40,112,060              0          2,500

INVESTMENTS IN SUBSIDIARIES                        0             0              0               0              0              0
FIXED ASSETS, NET                                  0             0        112,489      21,793,274              0              0
GOODWILL, NET                                      0             0    (5,463,632)     132,589,075              0              0
DEFERRED TAX ASSETS-LONG TERM                      0             0              0               0              0              0
TOOLING AND MOLDING, NET-LONG TERM                 0             0              0          65,382              0              0
OTHER NONCURRENT ASSETS                            0             0              0       2,043,671              0              0
INTERCOMPANY ACCOUNTS - NET                  154,243             0              0       4,447,176              0      (646,825)
PRE-PETITION INTERCOMPANY - NET                (510)   (1,842,290)      2,040,762   (154,474,110)              0      2,391,015
                                    --------------------------------------------------------------------------------------------

                    TOTAL ASSETS               (510)   (1,842,290)    (2,912,509)      46,576,527              0      1,746,690
                                    ============================================================================================

NOTES PAYABLE                                      0             0              0               0              0              0
SHORT TERM BORROWINGS                              0             0              0               0              0              0
ADVANCE ON RECEIVABLES                             0             0              0               0              0              0
CURRENT PORTION-LONG TERM DEBT                     0             0              0               0              0              0
CURRENT PORTION-CAPITAL LEASES                     0             0              0               0              0              0
ACCOUNTS PAYABLE                                   0             0              0       2,391,766              0              0
ACCRUED INTEREST PAYABLE                           0             0              0               0              0              0
ACCRUED & OTHER LIABILITIES                        0             0         18,750       1,873,240              0      (646,825)
INCOME TAXES PAYABLE                               0             0              0               0              0              0
                                    --------------------------------------------------------------------------------------------
           TOTAL CURRENT LIABILITIES               0             0         18,750       4,265,006              0      (646,825)

LIABILITIES SUBJECT TO COMPROMISE                  0     (561,743)          6,677      13,698,617              0      2,229,499
                                    --------------------------------------------------------------------------------------------

              TOTAL LIABILITIES                    0     (561,743)         25,427      17,963,623              0      1,582,675

                                    --------------------------------------------------------------------------------------------
                TOTAL EQUITY                   (510)   (1,280,547)    (2,937,937)      28,612,905              0        164,015

                                    --------------------------------------------------------------------------------------------
         TOTAL LIABILITIES & EQUITY            (510)   (1,842,290)    (2,912,509)      46,576,527              0      1,746,690
                                    ============================================================================================
</TABLE>

<PAGE>


                           Collins Aikman Corporation
                              Debtors In Possession
                                  Balance Sheet
                               As of February 2006


<Table>
<Caption>

                                                                                         COLLINS & AIKMAN   COLLINS     COLLINS
                                   COLLINS & AIKMAN   COLLINS & AIKMAN  COLLINS & AIKMAN   AUTOMOTIVE     & AIKMAN     & AIKMAN
                                     AUTOMOTIVE          CARPET &      CARPET & ACOUSTIC  INTERNATIONAL  (GIBRALTAR)  AUTOMOTIVE
                                  INTERNATIONAL, INC.  ACOUSTIC (TN),     (MI), INC.      SERVICES, INC.   LIMITED   (ASIA), INC.
                                       05-55980         INC. 05-55984       05-55982         05-55985      05-55989     05-55991
                                   ------------------------------------------------------------------------------------------------
<S>                                <C>              <C>                 <C>              <C>             <C>         <C>
CASH                                          0            61,288                  0                0            597        97,556
ACCOUNTS RECEIVABLE-TRADE, NET                0         6,101,254                  0                0              0             0
OTHER NON-TRADE RECEIVABLES                   0               698                  0                0              0        39,273
INVENTORIES, NET                              0         1,581,028                  0                0              0             0
TOOLING AND MOLDING, NET-CURRENT              0            89,786                  0                0              0             0
PREPAIDS & OTHER CURRENT ASSETS               0           546,445                  0                0              0        51,347
DEFERRED TAX ASSETS-CURRENT                   0                 0                  0                0              0             0
                                     ----------------------------------------------------------------------------------------------

            TOTAL CURRENT ASSETS              0         8,380,499                  0                0            597       188,176

INVESTMENTS IN SUBSIDIARIES                   0                 0                  0                0    120,948,761             0
FIXED ASSETS, NET                             0         6,320,166                  0                0              0        62,122
GOODWILL, NET                                 0                 0                  0      (2,601,844)              0     (635,460)
DEFERRED TAX ASSETS-LONG TERM                 0                 0                  0                0              0             0
TOOLING AND MOLDING, NET-LONG TERM            0            80,509                  0                0              0             0
OTHER NONCURRENT ASSETS                       0            79,965                  0                0              0             0
INTERCOMPANY ACCOUNTS - NET                   0         (671,889)                  0         (19,547)       (15,565)     (625,419)
PRE-PETITION INTERCOMPANY - NET               0       (1,093,100)          4,186,278          811,279         32,732     (858,651)
                                     ----------------------------------------------------------------------------------------------

              TOTAL ASSETS                    0        13,096,150          4,186,278      (1,810,113)    120,966,525   (1,869,232)
                                     ==============================================================================================

NOTES PAYABLE                                 0                 0                  0                0              0             0
SHORT TERM BORROWINGS                         0                 0                  0                0              0             0
ADVANCE ON RECEIVABLES                        0                 0                  0                0              0             0
CURRENT PORTION-LONG TERM DEBT                0                 0                  0                0              0             0
CURRENT PORTION-CAPITAL LEASES                0                 0                  0                0              0             0
ACCOUNTS PAYABLE                              0           779,718                  0                0              0             0
ACCRUED INTEREST PAYABLE                      0                 0                  0                0              0             0
ACCRUED & OTHER LIABILITIES                   0           721,936                  0           95,112         17,010         8,297
INCOME TAXES PAYABLE                          0                 0                  0                0         18,853             4
                                     ----------------------------------------------------------------------------------------------
         TOTAL CURRENT LIABILITIES            0         1,501,654                  0           95,112         35,862         8,301

LIABILITIES SUBJECT TO COMPROMISE             0         3,419,031                214                0              0           163
                                     ----------------------------------------------------------------------------------------------

             TOTAL LIABILITIES                0         4,920,685                214           95,112         35,862         8,463

                                     ----------------------------------------------------------------------------------------------
               TOTAL EQUITY                   0         8,175,465          4,186,064      (1,905,225)    120,930,663   (1,877,695)

                                     ----------------------------------------------------------------------------------------------
       TOTAL LIABILITIES & EQUITY             0        13,096,150          4,186,278      (1,810,113)    120,966,525   (1,869,232)
                                     ==============================================================================================
</TABLE>

<PAGE>

                           Collins Aikman Corporation
                             Debtors In Possession
                                 Balance Sheet
                              As of February 2006



<TABLE>
<CAPTION>
                                                       NEW BALTIMORE           COLLINS & AIKMAN     COLLINS & AIKMAN
                                                      HOLDINGS, L.L.C..       AUTOMOTIVE SERVICES,   AUTOMOTIVE MATS,
                                                        05-55992                L.L.C.. 05-55981     L.L.C.. 05-55969
                                                     ----------------------------------------------------------------
<S>                                                  <C>                     <C>                    <C>
CASH                                                                     0                    0                    0
ACCOUNTS RECEIVABLE-TRADE, NET                                      66,903                    0                    0
OTHER NON-TRADE RECEIVABLES                                              0                    0                    0
INVENTORIES, NET                                                         0                    0                    0
TOOLING AND MOLDING, NET-CURRENT                                         0                    0                    0
PREPAIDS & OTHER CURRENT ASSETS                                          0                    0                    0
DEFERRED TAX ASSETS-CURRENT                                              0                    0                    0
                                                     ----------------------------------------------------------------

                TOTAL CURRENT ASSETS                                66,903                    0                    0

INVESTMENTS IN SUBSIDIARIES                                              0                    0                    0
FIXED ASSETS, NET                                                  604,482                    0                    0
GOODWILL, NET                                                    2,048,703                    0                    0
DEFERRED TAX ASSETS-LONG TERM                                            0                    0                    0
TOOLING AND MOLDING, NET-LONG TERM                                       0                    0                    0
OTHER NONCURRENT ASSETS                                                  0                    0                    0
INTERCOMPANY ACCOUNTS - NET                                         21,440                    0                    0
PRE-PETITION INTERCOMPANY - NET                                (2,694,049)                    0                    0
                                                     ----------------------------------------------------------------

                    TOTAL ASSETS                                    47,480                    0                    0
                                                     ================================================================

NOTES PAYABLE                                                            0                    0                    0
SHORT TERM BORROWINGS                                                    0                    0                    0
ADVANCE ON RECEIVABLES                                                   0                    0                    0
CURRENT PORTION-LONG TERM DEBT                                           0                    0                    0
CURRENT PORTION-CAPITAL LEASES                                           0                    0                    0
ACCOUNTS PAYABLE                                                    69,252                    0                    0
ACCRUED INTEREST PAYABLE                                                 0                    0                    0
ACCRUED & OTHER LIABILITIES                                              0                    0                    0
INCOME TAXES PAYABLE                                                     0                    0                    0
                                                     ----------------------------------------------------------------
              TOTAL CURRENT LIABILITIES                             69,252                    0                    0

LIABILITIES SUBJECT TO COMPROMISE                                  511,167                    0                    0
                                                     ----------------------------------------------------------------

                  TOTAL LIABILITIES                                580,419                    0                    0

                                                     ----------------------------------------------------------------
                    TOTAL EQUITY                                 (532,939)                    0                    0

                                                     ----------------------------------------------------------------
             TOTAL LIABILITIES & EQUITY                             47,480                    0                    0
                                                     ================================================================

</TABLE>
<PAGE>
                           Collins Aikman Corporation
                             Debtors In Possession
                       Liabilities Subject to Compromise
                              As of February 2006

<TABLE>
<CAPTION>
                                                                                           COLLINS & AIKMAN
                                                                       COLLINS & AIKMAN     CANADA DOMESTIC      COLLINS & AIKMAN
                                                                         CORPORATION        HOLDING COMPANY         PRODUCTS CO.
                                                           TOTAL           05-55927             05-55930              05-55932
                                                    -----------------------------------------------------------------------------
<S>                                                 <C>                <C>                 <C>                 <C>
A/P - TRADE - PRE PETITION                                222,512,269                 0                  0            49,867,768
A/P - REC'D - NOT INVOICED PRE PETITION                     4,095,912                 0                  0                     0
A/P - PRE PETITION OTHER                                  (7,689,868)                 0                  0               292,618
A/P - TOOLING                                              58,983,044                 0                  0                     0
A/P - CAPITAL                                               1,751,368                 0                  0                     0

PP SHORT TERM BORROWINGS                                            0                 0                  0                     0
PP ACCRUED LIABILITIES                                     70,665,952                 0                  0            79,710,965
PP ACCRUED LOCAL PROPERTY TAX                               1,562,170                 0                  0               193,881
PP ACCRUED SALES & USE TAX                                  (330,059)                 0                  0             (261,258)
PP ENVIRONMENTAL RESERVE                                   34,213,880                 0                  0            34,213,880
PP DISC OPS RESERVE                                                 0                 0                  0                     0
PP RESTRUCTURING RESERVE                                   13,519,236                 0                  0            13,519,236
PP LONG TERM DEBT                                       1,587,697,736                 0                  0         1,587,697,736
PP CAPITAL LEASES                                              66,813                 0                  0                66,813

LONG TERM DEBT                                                      0                 0                  0                     0
CAPITAL LEASE OBLIGATIONS-LONG TERM                                 0                 0                  0                     0
DEFERRED INCOME TAXES                                      20,831,599                 0                  0            20,831,599
MINORITY INTEREST IN CONSOL SUBS                                    0                 0                  0                     0
PREFERRED STOCK OF PRODUCTS CO.                           222,875,520                 0                  0           222,875,520
OTHER NONCURRENT LIABILITIES                              144,782,971                 0                  0           139,272,810
                                                    -----------------------------------------------------------------------------


LIABILITIES - SUBJECT TO COMPROMISE                     2,375,538,544                 0                  0         2,148,281,569
                                                    =============================================================================

</TABLE>

<PAGE>

                           Collins Aikman Corporation
                             Debtors In Possession
                       Liabilities Subject to Compromise
                              As of February 2006

<Table>
<Caption>

                                                        JPS AUTOMOTIVE,     DURA CONVERTIBLE   COLLINS & AIKMAN      OWOSSO THERMAL
                                                        INC. 05-55935        SYSTEMS, INC.    DEVELOPMENT COMPANY   FORMING, L.L.C..
                                                                               05-55942             05-55943            05-55946
                                                     -------------------------------------------------------------------------------
<S>                                                    <C>                 <C>                <C>                  <C>
A/P - TRADE - PRE PETITION                                   20,354,312          10,535,808                    0          1,313,748
A/P - REC'D - NOT INVOICED PRE PETITION                         392,082                   0                    0                  0
A/P - PRE PETITION OTHER                                      (600,361)                   0                    0            344,738
A/P - TOOLING                                                         0                   0                    0                  0
A/P - CAPITAL                                                   103,885                   0                    0                  0

PP SHORT TERM BORROWINGS                                              0                   0                    0                  0
PP ACCRUED LIABILITIES                                          388,515              81,471                    0                  0
PP ACCRUED LOCAL PROPERTY TAX                                   292,720                   0                    0                  0
PP ACCRUED SALES & USE TAX                                       65,364                   0                    0                  0
PP ENVIRONMENTAL RESERVE                                              0                   0                    0                  0
PP DISC OPS RESERVE                                                   0                   0                    0                  0
PP RESTRUCTURING RESERVE                                              0                   0                    0                  0
PP LONG TERM DEBT                                                     0                   0                    0                  0
PP CAPITAL LEASES                                                     0                   0                    0                  0

LONG TERM DEBT                                                        0                   0                    0                  0
CAPITAL LEASE OBLIGATIONS-LONG TERM                                   0                   0                    0                  0
DEFERRED INCOME TAXES                                                 0                   0                    0                  0
MINORITY INTEREST IN CONSOL SUBS                                      0                   0                    0                  0
PREFERRED STOCK OF PRODUCTS CO.                                       0                   0                    0                  0
OTHER NONCURRENT LIABILITIES                                  3,229,666           1,384,943                    0                  0
                                                     -------------------------------------------------------------------------------


LIABILITIES - SUBJECT TO COMPROMISE                          24,226,184          12,002,222                    0          1,658,486
                                                     ===============================================================================
</TABLE>

<PAGE>


                           Collins Aikman Corporation
                             Debtors In Possession
                       Liabilities Subject to Compromise
                              As of February 2006


<TABLE>
<CAPTION>


                                                         SOUTHWEST        AMCO CONVERTIBLE    COLLINS & AIKMAN     COLLINS & AIKMAN
                                                      LAMINATES, INC.       FABRICS, INC.       INTERNATIONAL       ACCESSORY MATS,
                                                         05-55948            05-55949       CORPORATION 05-55951    INC. 05-55952
                                                      ------------------------------------------------------------------------------
<S>                                                   <C>                <C>                <C>                   <C>
A/P - TRADE - PRE PETITION                                     859,627           1,483,098                    0           8,457,457
A/P - REC'D - NOT INVOICED PRE PETITION                              0                   0                    0                   0
A/P - PRE PETITION OTHER                                             0                   0                    0              10,387
A/P - TOOLING                                                        0                   0                    0                   0
A/P - CAPITAL                                                        0                   0                    0                   0

PP SHORT TERM BORROWINGS                                             0                   0                    0                   0
PP ACCRUED LIABILITIES                                         130,972                   0                    0                   0
PP ACCRUED LOCAL PROPERTY TAX                                   31,656                   0                    0                   0
PP ACCRUED SALES & USE TAX                                           0                   0                    0                   0
PP ENVIRONMENTAL RESERVE                                             0                   0                    0                   0
PP DISC OPS RESERVE                                                  0                   0                    0                   0
PP RESTRUCTURING RESERVE                                             0                   0                    0                   0
PP LONG TERM DEBT                                                    0                   0                    0                   0
PP CAPITAL LEASES                                                    0                   0                    0                   0

LONG TERM DEBT                                                       0                   0                    0                   0
CAPITAL LEASE OBLIGATIONS-LONG TERM                                  0                   0                    0                   0
DEFERRED INCOME TAXES                                                0                   0                    0                   0
MINORITY INTEREST IN CONSOL SUBS                                     0                   0                    0                   0
PREFERRED STOCK OF PRODUCTS CO.                                      0                   0                    0                   0
OTHER NONCURRENT LIABILITIES                                         0                   0                    0             706,871
                                                      ------------------------------------------------------------------------------


LIABILITIES - SUBJECT TO COMPROMISE                          1,022,255           1,483,098                    0           9,174,715
                                                      ==============================================================================

</TABLE>

<PAGE>



                           Collins Aikman Corporation
                             Debtors In Possession
                       Liabilities Subject to Compromise
                              As of February 2006


<Table>
<Caption>


                                                        COLLINS & AIKMAN                       COLLINS & AIKMAN
                                                          AUTOMOTIVE                             AUTOMOTIVE       COLLINS & AIKMAN
                                                        INTERIORS, INC.   BRUT PLASTICS, INC.  EXTERIORS, INC.     ASSET SERVICES,
                                                           05-55956            05-55957           05-55958          INC. 05-55959
                                                      -----------------------------------------------------------------------------
<S>                                                   <C>                <C>                  <C>                <C>
A/P - TRADE - PRE PETITION                                   61,275,859                   0         30,030,493                   0
A/P - REC'D - NOT INVOICED PRE PETITION                         550,030                   0          1,293,661                   0
A/P - PRE PETITION OTHER                                      (788,232)                   0        (6,570,276)                   0
A/P - TOOLING                                                         0                   0                  0                   0
A/P - CAPITAL                                                       825                   0                  0                   0

PP SHORT TERM BORROWINGS                                              0                   0                  0                   0
PP ACCRUED LIABILITIES                                          529,769                   0        (4,053,267)                   0
PP ACCRUED LOCAL PROPERTY TAX                                   307,374                   0            200,764                   0
PP ACCRUED SALES & USE TAX                                        8,690                   0          (142,855)                   0
PP ENVIRONMENTAL RESERVE                                              0                   0                  0                   0
PP DISC OPS RESERVE                                                   0                   0                  0                   0
PP RESTRUCTURING RESERVE                                              0                   0                  0                   0
PP LONG TERM DEBT                                                     0                   0                  0                   0
PP CAPITAL LEASES                                                     0                   0                  0                   0

LONG TERM DEBT                                                        0                   0                  0                   0
CAPITAL LEASE OBLIGATIONS-LONG TERM                                   0                   0                  0                   0
DEFERRED INCOME TAXES                                                 0                   0                  0                   0
MINORITY INTEREST IN CONSOL SUBS                                      0                   0                  0                   0
PREFERRED STOCK OF PRODUCTS CO.                                       0                   0                  0                   0
OTHER NONCURRENT LIABILITIES                                        130                   0            755,641                   0
                                                      -----------------------------------------------------------------------------


LIABILITIES - SUBJECT TO COMPROMISE                          61,884,445                   0         21,514,162                   0
                                                      =============================================================================

</TABLE>
<PAGE>

                           Collins Aikman Corporation
                             Debtors In Possession
                       Liabilities Subject to Compromise
                              As of February 2006

<Table>
<Caption>


                                                       COLLINS & AIKMAN      WICKES ASSET       COLLINS & AIKMAN    COLLINS & AIKMAN
                                                       PLASTICS, INC.      MANAGEMENT, INC.      FABRICS, INC.      PROPERTIES, INC.
                                                          05-55960             05-55962            05-55963             05-55964
                                                     ------------------------------------------------------------------------------
<S>                                                   <C>                  <C>                 <C>                  <C>
A/P - TRADE - PRE PETITION                                   4,116,810              169,019          17,774,482                  0
A/P - REC'D - NOT INVOICED PRE PETITION                          8,296                    0                   0                  0
A/P - PRE PETITION OTHER                                     (123,377)                    0              73,145                  0
A/P - TOOLING                                               58,983,044                    0                   0                  0
A/P - CAPITAL                                                        0                    0           1,646,657                  0

PP SHORT TERM BORROWINGS                                             0                    0                   0                  0
PP ACCRUED LIABILITIES                                         401,456          (8,013,709)             750,838                  0
PP ACCRUED LOCAL PROPERTY TAX                                        0                    0             475,090                  0
PP ACCRUED SALES & USE TAX                                           0                    0                   0                  0
PP ENVIRONMENTAL RESERVE                                             0                    0                   0                  0
PP DISC OPS RESERVE                                                  0                    0                   0                  0
PP RESTRUCTURING RESERVE                                             0                    0                   0                  0
PP LONG TERM DEBT                                                    0                    0                   0                  0
PP CAPITAL LEASES                                                    0                    0                   0                  0

LONG TERM DEBT                                                       0                    0                   0                  0
CAPITAL LEASE OBLIGATIONS-LONG TERM                                  0                    0                   0                  0
DEFERRED INCOME TAXES                                                0                    0                   0                  0
MINORITY INTEREST IN CONSOL SUBS                                     0                    0                   0                  0
PREFERRED STOCK OF PRODUCTS CO.                                      0                    0                   0                  0
OTHER NONCURRENT LIABILITIES                                         0                    0                   0                  0
                                                     ------------------------------------------------------------------------------


LIABILITIES - SUBJECT TO COMPROMISE                         63,386,229          (7,844,690)          20,720,212                  0
                                                     ==============================================================================
</TABLE>

<PAGE>
                           Collins Aikman Corporation
                             Debtors In Possession
                       Liabilities Subject to Compromise
                              As of February 2006

<Table>
<Caption>


                                                     COLLINS & AIKMAN
                                                        AUTOMOTIVE             WICKES          COLLINS & AIKMAN   COLLINS & AIKMAN
                                                     (ARGENTINA), INC.     MANUFACTURING       INTERIORS, INC.       EUROPE, INC.
                                                         05-55965         COMPANY 05-55968        05-55970             05-55971
                                                    ------------------------------------------------------------------------------
<S>                                                 <C>                   <C>                 <C>                <C>
A/P - TRADE - PRE PETITION                                    179,471               45,651                   0                  0
A/P - REC'D - NOT INVOICED PRE PETITION                             0                    0                   0                  0
A/P - PRE PETITION OTHER                                            0                    0                   0                  0
A/P - TOOLING                                                       0                    0                   0                  0
A/P - CAPITAL                                                       0                    0                   0                  0

PP SHORT TERM BORROWINGS                                            0                    0                   0                  0
PP ACCRUED LIABILITIES                                              0            (627,515)                   0                  0
PP ACCRUED LOCAL PROPERTY TAX                                       0                    0                   0                  0
PP ACCRUED SALES & USE TAX                                          0                    0                   0                  0
PP ENVIRONMENTAL RESERVE                                            0                    0                   0                  0
PP DISC OPS RESERVE                                                 0                    0                   0                  0
PP RESTRUCTURING RESERVE                                            0                    0                   0                  0
PP LONG TERM DEBT                                                   0                    0                   0                  0
PP CAPITAL LEASES                                                   0                    0                   0                  0

LONG TERM DEBT                                                      0                    0                   0                  0
CAPITAL LEASE OBLIGATIONS-LONG TERM                                 0                    0                   0                  0
DEFERRED INCOME TAXES                                               0                    0                   0                  0
MINORITY INTEREST IN CONSOL SUBS                                    0                    0                   0                  0
PREFERRED STOCK OF PRODUCTS CO.                                     0                    0                   0                  0
OTHER NONCURRENT LIABILITIES                                        0            (871,576)                   0                  0
                                                    ------------------------------------------------------------------------------


LIABILITIES - SUBJECT TO COMPROMISE                           179,471          (1,453,440)                   0                  0
                                                    ==============================================================================
</TABLE>

<PAGE>

                           Collins Aikman Corporation
                             Debtors In Possession
                       Liabilities Subject to Compromise
                              As of February 2006

<Table>
<Caption>


                                                                                                COLLINS & AIKMAN
                                                        COMET ACOUSTICS,   GAMBLE DEVELOPMENT   INTELLIMOLD, INC.     BECKER GROUP,
                                                         INC. 05-55972      COMPANY 05-55974        05-55976       L.L.C.. 05-55977
                                                       -----------------------------------------------------------------------------
<S>                                                    <C>                 <C>                 <C>                 <C>
A/P - TRADE - PRE PETITION                                           0                 (71)               6,677          12,507,699
A/P - REC'D - NOT INVOICED PRE PETITION                              0                    0                   0           1,861,711
A/P - PRE PETITION OTHER                                             0                    0                   0           (351,778)
A/P - TOOLING                                                        0                    0                   0                   0
A/P - CAPITAL                                                        0                    0                   0                   0

PP SHORT TERM BORROWINGS                                             0                    0                   0                   0
PP ACCRUED LIABILITIES                                               0            (561,672)                   0           (319,016)
PP ACCRUED LOCAL PROPERTY TAX                                        0                    0                   0                   0
PP ACCRUED SALES & USE TAX                                           0                    0                   0                   0
PP ENVIRONMENTAL RESERVE                                             0                    0                   0                   0
PP DISC OPS RESERVE                                                  0                    0                   0                   0
PP RESTRUCTURING RESERVE                                             0                    0                   0                   0
PP LONG TERM DEBT                                                    0                    0                   0                   0
PP CAPITAL LEASES                                                    0                    0                   0                   0

LONG TERM DEBT                                                       0                    0                   0                   0
CAPITAL LEASE OBLIGATIONS-LONG TERM                                  0                    0                   0                   0
DEFERRED INCOME TAXES                                                0                    0                   0                   0
MINORITY INTEREST IN CONSOL SUBS                                     0                    0                   0                   0
PREFERRED STOCK OF PRODUCTS CO.                                      0                    0                   0                   0
OTHER NONCURRENT LIABILITIES                                         0                    0                   0                   0
                                                      ------------------------------------------------------------------------------


LIABILITIES - SUBJECT TO COMPROMISE                                  0            (561,743)               6,677          13,698,617
                                                      ==============================================================================

</TABLE>


<PAGE>
                           Collins Aikman Corporation
                             Debtors In Possession
                       Liabilities Subject to Compromise
                              As of February 2006

<Table>
<Caption>


                                                      COLLINS & AIKMAN                        COLLINS & AIKMAN
                                                     AUTOMOTIVE OVERSEAS    CW MANAGEMENT        AUTOMOTIVE       COLLINS & AIKMAN
                                                      INVESTMENT INC.       CORPORATION        INTERNATIONAL,     CARPET & ACOUSTIC
                                                        05-55978               05-55979         INC. 05-55980   (TN), INC. 05-55984
                                                    --------------------------------------------------------------------------------
<S>                                                 <C>                    <C>               <C>                 <C>
A/P - TRADE - PRE PETITION                                           0                   0                   0            3,340,701
A/P - REC'D - NOT INVOICED PRE PETITION                              0                   0                   0                    0
A/P - PRE PETITION OTHER                                             0                   0                   0                    0
A/P - TOOLING                                                        0                   0                   0                    0
A/P - CAPITAL                                                        0                   0                   0                    0

PP SHORT TERM BORROWINGS                                             0                   0                   0                    0
PP ACCRUED LIABILITIES                                               0           2,229,499                   0               17,646
PP ACCRUED LOCAL PROPERTY TAX                                        0                   0                   0               60,684
PP ACCRUED SALES & USE TAX                                           0                   0                   0                    0
PP ENVIRONMENTAL RESERVE                                             0                   0                   0                    0
PP DISC OPS RESERVE                                                  0                   0                   0                    0
PP RESTRUCTURING RESERVE                                             0                   0                   0                    0
PP LONG TERM DEBT                                                    0                   0                   0                    0
PP CAPITAL LEASES                                                    0                   0                   0                    0

LONG TERM DEBT                                                       0                   0                   0                    0
CAPITAL LEASE OBLIGATIONS-LONG TERM                                  0                   0                   0                    0
DEFERRED INCOME TAXES                                                0                   0                   0                    0
MINORITY INTEREST IN CONSOL SUBS                                     0                   0                   0                    0
PREFERRED STOCK OF PRODUCTS CO.                                      0                   0                   0                    0
OTHER NONCURRENT LIABILITIES                                         0                   0                   0                    0
                                                    --------------------------------------------------------------------------------


LIABILITIES - SUBJECT TO COMPROMISE                                  0           2,229,499                   0            3,419,031
                                                    ================================================================================
</TABLE>

<PAGE>


                           Collins Aikman Corporation
                             Debtors In Possession
                       Liabilities Subject to Compromise
                              As of February 2006

<Table>
<Caption>




                                                                          COLLINS & AIKMAN
                                                                             AUTOMOTIVE       COLLINS & AIKMAN    COLLINS & AIKMAN
                                                      COLLINS & AIKMAN     INTERNATIONAL         (GIBRALTAR)          AUTOMOTIVE
                                                     CARPET & ACOUSTIC     SERVICES, INC.         LIMITED            (ASIA), INC.
                                                    (MI), INC. 05-55982       05-55985            05-55989             05-55991
                                                    -----------------------------------------------------------------------------
<S>                                                 <C>                  <C>                 <C>                 <C>
A/P - TRADE - PRE PETITION                                        214                   0                   0                163
A/P - REC'D - NOT INVOICED PRE PETITION                             0                   0                   0                  0
A/P - PRE PETITION OTHER                                            0                   0                   0                  0
A/P - TOOLING                                                       0                   0                   0                  0
A/P - CAPITAL                                                       0                   0                   0                  0

PP SHORT TERM BORROWINGS                                            0                   0                   0                  0
PP ACCRUED LIABILITIES                                              0                   0                   0                  0
PP ACCRUED LOCAL PROPERTY TAX                                       0                   0                   0                  0
PP ACCRUED SALES & USE TAX                                          0                   0                   0                  0
PP ENVIRONMENTAL RESERVE                                            0                   0                   0                  0
PP DISC OPS RESERVE                                                 0                   0                   0                  0
PP RESTRUCTURING RESERVE                                            0                   0                   0                  0
PP LONG TERM DEBT                                                   0                   0                   0                  0
PP CAPITAL LEASES                                                   0                   0                   0                  0

LONG TERM DEBT                                                      0                   0                   0                  0
CAPITAL LEASE OBLIGATIONS-LONG TERM                                 0                   0                   0                  0
DEFERRED INCOME TAXES                                               0                   0                   0                  0
MINORITY INTEREST IN CONSOL SUBS                                    0                   0                   0                  0
PREFERRED STOCK OF PRODUCTS CO.                                     0                   0                   0                  0
OTHER NONCURRENT LIABILITIES                                        0                   0                   0                  0
                                                    -----------------------------------------------------------------------------


LIABILITIES - SUBJECT TO COMPROMISE                               214                   0                   0                163
                                                    =============================================================================
</TABLE>


<PAGE>


                           Collins Aikman Corporation
                             Debtors In Possession
                       Liabilities Subject to Compromise
                              As of February 2006

<Table>
<Caption>




                                                               NEW BALTIMORE           COLLINS & AIKMAN      COLLINS & AIKMAN
                                                              HOLDINGS, L.L.C..      AUTOMOTIVE SERVICES,    AUTOMOTIVE MATS,
                                                                   05-55992            L.L.C.. 05-55981      L.L.C.. 05-55969
                                                           ------------------------------------------------------------------
<S>                                                         <C>                     <C>                     <C>
A/P - TRADE - PRE PETITION                                              193,283                        0                   0
A/P - REC'D - NOT INVOICED PRE PETITION                                 (9,869)                        0                   0
A/P - PRE PETITION OTHER                                                 23,267                        0                   0
A/P - TOOLING                                                                 0                        0                   0
A/P - CAPITAL                                                                 0                        0                   0

PP SHORT TERM BORROWINGS                                                      0                        0                   0
PP ACCRUED LIABILITIES                                                        0                        0                   0
PP ACCRUED LOCAL PROPERTY TAX                                                 0                        0                   0
PP ACCRUED SALES & USE TAX                                                    0                        0                   0
PP ENVIRONMENTAL RESERVE                                                      0                        0                   0
PP DISC OPS RESERVE                                                           0                        0                   0
PP RESTRUCTURING RESERVE                                                      0                        0                   0
PP LONG TERM DEBT                                                             0                        0                   0
PP CAPITAL LEASES                                                             0                        0                   0

LONG TERM DEBT                                                                0                        0                   0
CAPITAL LEASE OBLIGATIONS-LONG TERM                                           0                        0                   0
DEFERRED INCOME TAXES                                                         0                        0                   0
MINORITY INTEREST IN CONSOL SUBS                                              0                        0                   0
PREFERRED STOCK OF PRODUCTS CO.                                               0                        0                   0
OTHER NONCURRENT LIABILITIES                                            304,486                        0                   0
                                                           ------------------------------------------------------------------


LIABILITIES - SUBJECT TO COMPROMISE                                     511,167                        0                   0
                                                           ==================================================================
</TABLE>