<PAGE>

                                                                    EXHIBIT 99.1

                           COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                              FOR THE MONTH ENDING
                                 JUNE 30, 2006

<TABLE>
<CAPTION>


                                                                                COLLINS & AIKMAN
                                                            COLLINS & AIKMAN    CANADA  DOMESTIC  COLLINS & AIKMAN  JPS AUTOMOTIVE,
                                                               CORPORATION       HOLDING COMPANY    PRODUCTS CO.         INC.
                                                 TOTAL          05-55927            05-55930          05-55932          05-55935
                                              -----------   -----------------   ----------------  ----------------  --------------
<S>                                           <C>           <C>                 <C>               <C>               <C>
NET OUTSIDE SALES                             155,134,802             0                      0        37,399,340      29,467,079
I/C NET SALES                                  17,148,782             0                      0        (2,428,425)      6,737,204
                                              -----------           ---             ----------       -----------      ----------
    TOTAL SALES                               172,283,584             0                      0        34,970,916      36,204,283
COST OF SALES                                 165,781,004             0                      0        27,063,167      36,244,472
                                              -----------           ---             ----------       -----------      ----------
    GROSS PROFIT                                6,502,580             0                      0         7,907,749         (40,189)
SELLING, GENERAL & ADMINISTRATIVE EXPENSES     29,839,744             0                      0        25,863,380               0
                                              -----------           ---             ----------       -----------      ----------
    OPERATING INCOME                          (23,337,164)            0                      0       (17,955,631)        (40,189)
INTEREST EXPENSE, NET                           9,208,053             0                      0         9,208,053               0
INTERCOMPANY INTEREST, NET                     (2,958,546)            0             (2,448,831)         (509,715)              0
PREFERRED STOCK ACCRETION                               0             0                      0                 0               0
MISCELLANEOUS (INCOME)/EXPENSE                          0             0                      0                 0               0
CORPORATE ALLOCATION ADJUSTMENT                (3,721,799)            0                      0       (15,248,032)      1,612,195
COMMISSION INCOME                                (266,377)            0                      0          (266,377)              0
COMMISSION EXPENSE                                      0             0                      0                 0               0
ROYALTY INCOME                                   (638,741)            0                      0          (638,741)              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                  565,373             0                (25,026)          630,313               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                     (25,525,126)            0              2,473,857       (11,131,132)     (1,652,384)
FEDERAL INCOME TAX                                      0             0                      0                 0               0
FOREIGN INCOME TAX                                 35,517             0                      0            35,517               0
STATE INCOME TAX                                        0             0                      0                 0               0
OTHER INCOME TAX                                        0             0                      0                 0               0
                                              -----------           ---             ----------       -----------      ----------
    INCOME FROM CONTINUING OPERATIONS         (25,560,643)            0              2,473,857       (11,166,649)     (1,652,384)
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                                (25,670,678)            0              2,473,857       (11,166,649)     (1,652,384)
                                              ===========           ===             ==========       ===========      ==========
</TABLE>

                                  Page 1 of 8

<PAGE>

                           COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                              FOR THE MONTH ENDING
                                 JUNE 30, 2006

<TABLE>
<CAPTION>

                                                 DURA       COLLINS & AIKMAN                                         AMCO
                                             CONVERTIBLE      DEVELOPMENT      OWOSSO THERMAL      SOUTHWEST     CONVERTIBLE
                                             SYSTEMS, INC.      COMPANY       FORMING, L.L.C..    LAMINATES,    FABRICS, INC.
                                               05-55942         05-55943          05-55946       INC. 05-55948     05-55949
                                             -------------  ----------------  ----------------   -------------  -------------
<S>                                          <C>            <C>               <C>                <C>            <C>
NET OUTSIDE SALES                              8,519,548             0          1,054,962          5,309,594               0
I/C NET SALES                                  1,404,042             0            179,023         (4,382,661)      2,108,675
                                              ----------           ---          ---------         ----------       ---------
   TOTAL SALES                                 9,923,590             0          1,233,986            926,933       2,108,675
COST OF SALES                                 10,578,170             0          1,088,953            559,077       1,285,485
                                              ----------           ---          ---------         ----------       ---------
   GROSS PROFIT                                 (654,580)            0            145,033            367,856         823,190
SELLING, GENERAL & ADMINISTRATIVE EXPENSES       178,200             0                  0              9,008               0
                                              ----------           ---          ---------         ----------       ---------
   OPERATING INCOME                             (832,780)            0            145,033            358,848         823,190
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                  292,765             0                  0            179,177               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                 (44,123)            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                       (1,081,422)            0            145,033            179,671         823,190
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          (1,081,422)            0            145,033            179,671         823,190
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                                 (1,081,422)            0            145,033            179,671         823,190
                                              ==========           ===          =========         ==========       =========
</TABLE>

                                  Page 2 of 8

<PAGE>

                           COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                              FOR THE MONTH ENDING
                                 JUNE 30, 2006

<TABLE>
<CAPTION>

                                               COLLINS & AIKMAN                    COLLINS & AIKMAN     BRUT      COLLINS & AIKMAN
                                                 INTERNATIONAL   COLLINS & AIKMAN     AUTOMOTIVE      PLASTICS,      AUTOMOTIVE
                                                 CORPORATION     ACCESSORY MATS,      INTERIORS,        INC.         EXTERIORS,
                                                   05-55951       INC. 05-55952     INC. 05-55956     05-55957      INC. 05-55958
                                               ----------------  ----------------  ----------------  -----------  ----------------
<S>                                            <C>               <C>               <C>               <C>          <C>
NET OUTSIDE SALES                                        0       10,073,743         22,245,311             0         21,281,222
I/C NET SALES                                            0       (3,228,364)         9,684,571             0          1,056,100
                                                    ------       ----------         ----------           ---         ----------
   TOTAL SALES                                           0        6,845,380         31,929,882             0         22,337,322
COST OF SALES                                            0        5,442,041         31,723,458             0         23,004,072
                                                    ------       ----------         ----------           ---         ----------
   GROSS PROFIT                                          0        1,403,339            206,425             0           (666,750)
SELLING, GENERAL & ADMINISTRATIVE EXPENSES           2,555          340,157                  0             0            164,601
                                                    ------       ----------         ----------           ---         ----------
   OPERATING INCOME                                 (2,555)       1,063,182            206,425             0           (831,351)
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          891,158          3,587,791             0          1,844,560
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             (7,601)
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                             (2,555)         172,024         (3,381,366)            0         (2,668,310)
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                (2,555)         172,024         (3,381,366)            0         (2,668,310)
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                                       (2,555)         172,024         (3,381,366)            0         (2,668,310)
                                                    ======       ==========         ==========           ===         ==========
</TABLE>

                                  Page 3 of 8

<PAGE>

                           COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                              FOR THE MONTH ENDING
                                 JUNE 30, 2006

<TABLE>
<CAPTION>
                                                                                 WICKES
                                                                                 ASSET
                                        COLLINS & AIKMAN  COLLINS & AIKMAN    MANAGEMENT,    COLLINS & AIKMAN  COLLINS & AIKMAN
                                         ASSET SERVICES,   PLASTICS, INC.        INC.         FABRICS, INC.    PROPERTIES, INC.
                                         INC. 05- 55959       05-55960         05-55962          05-55963          05-55964
                                        ----------------  ---------------    -------------   ----------------  ----------------
<S>                                     <C>               <C>                <C>             <C>               <C>
NET OUTSIDE SALES                              0               862,441             0             8,801,822            0
I/C NET SALES                                  0               730,090             0             4,382,661            0
                                             ---            ----------           ---            ----------          ---
  TOTAL SALES                                  0             1,592,531             0            13,184,483            0
COST OF SALES                                  0             2,260,250             0            14,048,248            0
                                             ---            ----------           ---            ----------          ---
  GROSS PROFIT                                 0              (667,719)            0              (863,765)           0
SELLING, GENERAL & ADMINISTRATIVE
 EXPENSES                                      0             1,672,335             0             1,529,379            0
                                             ---            ----------           ---            ----------          ---
  OPERATING INCOME                             0            (2,340,054)            0            (2,393,144)           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               852,375             0               355,857            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               (16,882)            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            (3,175,546)            0            (2,749,001)           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            (3,175,546)            0            (2,749,001)           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            (3,175,546)            0            (2,749,001)           0
                                             ===            ==========           ===            ==========          ===
</TABLE>

                                  Page 4 of 8

<PAGE>

                           COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                              FOR THE MONTH ENDING
                                 JUNE 30, 2006

<TABLE>
<CAPTION>
                                               COLLINS & AIKMAN       WICKES                                            COMET
                                                   AUTOMOTIVE     MANUFACTURING  COLLINS & AIKMAN  COLLINS & AIKMAN   ACOUSTICS,
                                                  (ARGENTINA),      COMPANY      INTERIORS, INC.    EUROPE, INC.         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              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 5 of 8
<PAGE>
                           COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                              FOR THE MONTH ENDING
                                  June 30,2006
<TABLE>
<CAPTION>
                                                                                        COLLINS & AIKMAN
                                             GAMBLE                                        AUTOMOTIVE
                                           DEVELOPMENT COLLINS & AIKMAN  BECKER GROUP,      OVERSEAS       CW MANAGEMENT
                                             COMPANY   INTELLIMOLD, INC.    L.L.C..        INVESTMENT       CORPORATION
                                            05-55974      05-55976        05-55977       INC. 05- 55978       05-55979
                                           ----------- ----------------- -------------  -----------------  --------------
<S>                                        <C>         <C>               <C>            <C>                <C>
NET OUTSIDE SALES                                0               0         5,066,666              0                0
I/C NET SALES                                    0               0           833,637              0                0
                                               ---             ---        ----------            ---          -------
  TOTAL SALES                                    0               0         5,900,303              0                0
COST OF SALES                                    0               0         7,382,078              0           20,007
                                               ---             ---        ----------            ---          -------
  GROSS PROFIT                                   0               0        (1,481,775)             0          (20,007)
SELLING, GENERAL & ADMINISTRATIVE EXPENSES       0               0                 0              0                0
                                               ---             ---        ----------            ---          -------
  OPERATING INCOME                               0               0        (1,481,775)             0          (20,007)
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         1,455,565              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             2,930              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        (2,940,271)             0          (20,007)
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        (2,940,271)             0          (20,007)
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        (2,940,271)             0          (20,007)
                                               ===             ===        ==========            ===          =======
</TABLE>

                                  Page 6 of 8
<PAGE>

                           COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                              FOR THE MONTH ENDING
                                  June 30,2006

<TABLE>
<CAPTION>
                                                                COLLINS &      COLLINS &      COLLINS &
                                                 COLLINS &       AIKMAN         AIKMAN         AIKMAN        COLLINS &
                                                  AIKMAN        CARPET &       CARPET &      AUTOMOTIVE        AIKMAN
                                                AUTOMOTIVE      ACOUSTIC       ACOUSTIC    INTERNATIONAL    (GIBRALTAR)
                                              INTERNATIONAL,   (TN), INC.     (MI), INC.   SERVICES, INC.     LIMITED
                                               INC. 05-55980    05-55984       05-55982       05-55985        05-55989
                                              --------------   ----------     ----------   --------------   -----------
<S>                                           <C>              <C>            <C>          <C>              <C>
NET OUTSIDE SALES                                      0           5,053,074          0             0           0
I/C NET SALES                                          0              72,227          0             0           0
                                                     ---           ---------        ---       -------         ---
            TOTAL SALES                                0           5,125,301          0             0           0
COST OF SALES                                          0           5,081,027          0           499           2
                                                     ---           ---------        ---       -------         ---
            GROSS PROFIT                               0              44,274          0          (499)         (2)
SELLING, GENERAL & ADMINISTRATIVE EXPENSE   S          0                   0          0             0           0
                                                     ---           ---------        ---       -------         ---
            OPERATING INCOME                           0              44,274          0          (499)         (2)
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             454,790          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        25,761           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            (410,516)         0       (26,260)         (2)
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            (410,516)         0       (26,260)         (2)
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            (410,516)         0       (26,260)         (2)
                                                     ===           =========        ===       =======         ===
</TABLE>

                                   Page 7 of 8
<PAGE>

                           COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                              FOR THE MONTH ENDING
                                  June 30,2006

<TABLE>
<CAPTION>
                                                                              COLLINS &    COLLINS &
                                                COLLINS &                      AIKMAN       AIKMAN
                                                 AIKMAN      NEW BALTIMORE   AUTOMOTIVE   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             0               0          0
                                                 -------           ---             ---        ---
             TOTAL SALES                               0             0               0          0
COST OF SALES                                          0             0               0          0
                                                 -------           ---             ---        ---
             GROSS PROFIT                              0             0               0          0
SELLING, GENERAL & ADMINISTRATIVE EXPENSES        80,129             0               0          0
                                                 -------           ---             ---        ---
             OPERATING INCOME                    (80,129)            0               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                                  (80,129)            0               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             (80,129)            0               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                           (80,129)            0               0          0
                                                 =======           ===             ===        ===
</TABLE>

                                   Page 8 of 8
<PAGE>

                           COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                          May 17, 2005 - June 30, 2006

<TABLE>
<CAPTION>
                                                                              COLLINS & AIKMAN
                                                           COLLINS & AIKMAN    CANADA DOMESTIC   COLLINS & AIKMAN  JPS AUTOMOTIVE,
                                                             CORPORATION       HOLDING COMPANY    PRODUCTS CO.          INC.
                                               TOTAL           05-55927           05-55930          05-55932          05-55935
                                            -------------  ----------------   ----------------  -----------------  ---------------
<S>                                         <C>             <C>               <C>               <C>                <C>
NET OUTSIDE SALES                           2,248,233,599        0                        0       593,221,358       331,452,376
I/C NET SALES                                 140,044,936        0                        0       (34,730,361)       47,141,636
                                            -------------      ---              -----------      ------------       -----------
           TOTAL SALES                      2,388,278,535        0                        0       558,490,997       378,594,011
COST OF SALES                               2,138,699,676        0                        0       318,840,594       364,391,526
                                            -------------      ---              -----------      ------------       -----------
           GROSS PROFIT                       249,578,859        0                        0       239,650,403        14,202,485
SELLING, GENERAL & ADMINISTRATIVE
   EXPENSES                                   303,376,017        0                        0       264,179,107           261,319
                                            -------------      ---              -----------      ------------       -----------
           OPERATING INCOME                   (53,797,158)       0                        0       (24,528,704)       13,941,166
INTEREST EXPENSE, NET                         102,394,896        0                        0       102,480,234                 0
INTERCOMPANY INTEREST, NET                    (37,039,680)       0              (28,471,499)      (10,022,606)          258,594
PREFERRED STOCK ACCRETION                               0        0                        0                 0                 0
MISCELLANEOUS (INCOME)/EXPENSE                     (6,695)       0                        0            (7,238)                0
CORPORATE ALLOCATION ADJUSTMENT               (18,568,137)       0                        0       (71,451,434)        6,659,390
COMMISSION INCOME                              (2,292,604)       0                        0        (2,292,604)                0
COMMISSION EXPENSE                                      0        0                        0                 0                 0
ROYALTY INCOME                                 (6,210,570)       0                        0        (6,152,475)                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                 (294,981)       0               (1,315,592)        1,135,523            (4,512)
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                     (91,959,772)       0               29,787,091       (38,220,695)        7,027,694
FEDERAL INCOME TAX                             (4,090,271)       0                        0        (4,090,271)                0
STATE INCOME TAX                                1,000,000        0                        0         1,000,000                 0
FOREIGN INCOME TAX                                940,579        0                        0           940,579                 0
OTHER INCOME TAX                                        0        0                        0                 0                 0
                                            -------------      ---              -----------      ------------       -----------
       INCOME FROM CONTINUING OPERATIONS      (89,810,080)       0               29,787,091       (36,071,003)        7,027,694
DISCONTINUED OPERATIONS (GAIN)/LOSS            (7,453,154)       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                         (82,356,926)       0               29,787,091       (36,071,003)        7,027,694
                                            =============      ===              ===========      ============      ============
</TABLE>

                                   Page 1 of 8
<PAGE>

                           COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                          May 17, 2005 - June 30, 2006

<TABLE>
<CAPTION>

                                            DURA CONVERTIBLE  COLLINS & AIKMAN    OWOSSO THERMAL     SOUTHWEST    AMCO CONVERTIBLE
                                             SYSTEMS, INC.       DEVELOPMENT     FORMING, L.L.C.     LAMINATES,    FABRICS, INC.
                                                05-55942      COMPANY 05-55943       05-55946      INC. 05-55948      05-55949
                                            ----------------  ----------------  -----------------  -------------  ----------------
<S>                                         <C>               <C>               <C>                <C>            <C>
NET OUTSIDE SALES                             119,730,470            0             12,041,581        92,368,581             0
I/C NET SALES                                  23,281,810            0              2,442,084       (70,269,991)   27,946,777
                                              -----------          ---             ----------       -----------    ----------
       TOTAL SALES                            143,012,280            0             14,483,664        22,098,590    27,946,777
COST OF SALES                                 149,656,573            0             16,417,287        18,835,213    17,640,649
                                              -----------          ---             ----------       -----------    ----------
       GROSS PROFIT                            (6,644,293)           0             (1,933,623)        3,263,377    10,306,128
SELLING, GENERAL & ADMINISTRATIVE
   EXPENSES                                     3,671,329            0                  1,127           (96,354)            0
                                              -----------          ---             ----------       -----------    ----------
       OPERATING INCOME                       (10,315,622)           0             (1,934,750)        3,359,731    10,306,128
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                 1,192,762            0                      0           756,437             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                  (12,062)           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                      (11,640,384)           0             (1,934,750)        2,603,294    10,306,128
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      (11,640,384)           0             (1,934,750)        2,603,294    10,306,128
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                             (11,640,384)           0             (1,934,750)        2,603,294    10,306,128
                                              ===========          ===             ==========       ===========    ==========
</TABLE>

                                  Page 2 of 8
<PAGE>

                           COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                          May 17, 2005 - June 30, 2006

<TABLE>
<CAPTION>
                                            COLLINS & AIKMAN                    COLLINS & AIKMAN       BRUT       COLLINS & AIKMAN
                                              INTERNATIONAL   COLLINS & AIKMAN     AUTOMOTIVE        PLASTICS,       AUTOMOTIVE
                                              CORPORATION     ACCESSORY MATS,      INTERIORS,          INC.          EXTERIORS,
                                                05-55951        INC. 5-55952      INC. 05-55956      05-55957       INC. 05-55958
                                            ----------------  ----------------  ----------------  --------------  ----------------
<S>                                         <C>               <C>               <C>               <C>             <C>
NET OUTSIDE SALES                                     0         137,460,116       411,859,800           0           255,811,810
I/C NET SALES                                         0         (28,966,309)      100,040,548           0            11,763,657
                                                -------         -----------       -----------         ---           -----------
       TOTAL SALES                                    0         108,493,807       511,900,347           0           267,575,467
COST OF SALES                                         0          88,523,272       514,827,079           0           272,109,259
                                                -------         -----------       -----------         ---           -----------
       GROSS PROFIT                                   0          19,970,536        (2,926,732)          0            (4,533,792)
SELLING, GENERAL & ADMINISTRATIVE
   EXPENSES                                      18,042           4,765,811           266,329           0               647,748
                                                -------         -----------       -----------         ---           -----------
       OPERATING INCOME                         (18,042)         15,204,725        (3,193,061)          0            (5,181,540)
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           3,524,803        17,443,069           0             9,203,457
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               (58,577)
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                        (18,042)         11,533,279       (20,923,972)          0           (14,615,193)
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        (18,042)         11,533,279       (20,923,972)          0           (14,615,193)
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                               (18,042)         11,533,279       (20,923,972)          0           (14,615,193)
                                                =======         ===========       ===========         ===           ===========
</TABLE>

                                  Page 3 of 8

<PAGE>

                           COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                          May 17, 2005 - June 30, 2006

<TABLE>
<CAPTION>
                                                                                   WICKES ASSET
                                             COLLINS & AIKMAN   COLLINS & AIKMAN    MANAGEMENT,  COLLINS & AIKMAN  COLLINS & AIKMAN
                                             ASSET SERVICES,     PLASTICS, INC.        INC.       FABRICS, INC.    PROPERTIES, INC.
                                              INC. 05-55959         05-55960         05-55962        05-55963          05-55964
                                             ----------------  ------------------  ------------  ----------------  ----------------
<S>                                          <C>               <C>                 <C>           <C>               <C>
NET OUTSIDE SALES                                    0             15,861,306             0        119,077,748                0
I/C NET SALES                                        0             11,210,246             0         70,281,028                0
                                                   ---            -----------          ----        -----------          -------
       TOTAL SALES                                   0             27,071,552             0        189,358,776                0
COST OF SALES                                        0             28,150,827             0        199,495,975                0
                                                   ---            -----------          ----        -----------          -------
       GROSS PROFIT                                  0             (1,079,275)            0        (10,137,199)               0
SELLING, GENERAL & ADMINISTRATIVE
   EXPENSES                                          0             17,092,634          (544)         9,190,776           18,253
                                                   ---            -----------          ----        -----------          -------
       OPERATING INCOME                              0            (18,171,909)          544        (19,327,976)         (18,253)
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              3,490,471             0          2,167,744                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                (31,327)            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            (21,654,461)           (0)       (21,576,976)         (18,253)
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            (21,654,461)           (0)       (21,576,976)         (18,253)
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            (21,654,461)           (0)       (21,576,976)         (18,253)
                                                   ===            ===========          ====        ===========          =======
</TABLE>

                                  Page 4 of 8
<PAGE>

                          COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                          May 17, 2005 - June 30, 2006

<TABLE>
<CAPTION>
                                           COLLINS & AIKMAN       WICKES
                                              AUTOMOTIVE      MANUFACTURING   COLLINS & AIKMAN   COLLINS & AIKMAN        COMET
                                              (ARGENTINA)        COMPANY         INTERIORS,        EUROPE, INC.        ACOUSTICS,
                                             INC. 05-55965      05-55968        INC. 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                                     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          (7,453,154)           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)          5,224,908            0                 0                33,743
                                              ======          ==========          ===               ===               =======
</TABLE>

                                  Page 5 of 8
<PAGE>

                          COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                          May 17, 2005 - June 30, 2006

<TABLE>
<CAPTION>
                                                                                             COLLINS & AIKMAN
                                              GAMBLE                                            AUTOMOTIVE
                                           DEVELOPMENT   COLLINS & AIKMAN   BECKER, GROUP,       OVERSEAS       CW 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             93,703,446            0                      0
I/C NET SALES                                     0             0            (20,849,019)           0                      0
                                                ---           ---           ------------          ---                -------
    TOTAL SALES                                   0             0             72,854,427            0                      0
COST OF SALES                                     0             0             84,509,157            0                 20,007
                                                ---           ---           ------------          ---                -------
    GROSS PROFIT                                  0             0            (11,654,730)           0                (20,007)
SELLING, GENERAL & ADMINISTRATIVE
  EXPENSES                                        0             0                157,123            0                      0
                                                ---           ---           ------------          ---                -------
    OPERATING INCOME                              0             0            (11,811,853)           0                (20,007)
INTEREST EXPENSE, NET                             0             0                (84,955)           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              6,617,211            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                (52,253)           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            (18,552,442)           0                (20,007)
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            (18,552,442)           0                (20,007)
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            (18,552,442)           0                (20,007)
                                                ===           ===           ============          ===                =======
</TABLE>

                                  Page 6 of 8
<PAGE>

                          COLLINS AIKMAN CORPORATION
                                INCOME STATEMENT
                          May 17, 2005 - June 30, 2006

<TABLE>
<CAPTION>
                                                              COLLINS & AIKMAN   COLLINS & AIKMAN   COLLINS & AIKMAN    COLLINS &
                                           COLLINS & AIKMAN      CARPET &            CARPET &         AUTOMOTIVE          AIKMAN
                                              AUTOMOTIVE         ACCOUSTIC          ACCOUSTIC        INTERNATIONAL     (GIBRALTAR)
                                            INTERNATIONAL,       (TN), INC.         (MI), INC.       SERVICES, INC.      LIMITED
                                             INC. 05-55980        05-55984           05-55982           05-55985         05-55989
                                           ----------------   ----------------   ----------------   ----------------   -----------
<S>                                        <C>                <C>                <C>                <C>                <C>
NET OUTSIDE SALES                                  0          65,645,008                0                    0                 0
I/C NET SALES                                      0             751,239                0                    0                 0
                                                 ---          ----------          -------              -------           -------
    TOTAL SALES                                    0          66,396,247                0                    0                 0
COST OF SALES                                      0          65,041,527           25,000               21,544                 4
                                                 ---          ----------          -------              -------           -------
    GROSS PROFIT                                   0           1,354,720          (25,000)             (21,544)               (4)
SELLING, GENERAL & ADMINISTRATIVE
  EXPENSES                                         0              14,836                0                    0            33,714
                                                 ---          ----------          -------              -------           -------
    OPERATING INCOME                               0           1,339,884          (25,000)             (21,544)          (33,719)
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           1,827,953                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               34,990               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            (571,027)         (25,000)             (56,534)          (34,291)
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            (571,027)         (25,000)             (56,534)          (34,291)
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            (571,027)         (25,000)             (56,534)          (34,291)
                                                 ===          ==========          =======              =======           =======
</TABLE>

                                  Page 7 of 8
<PAGE>

                          COLLINS  AIKMAN CORPORATION
                                INCOME STATEMENT
                          May 17, 2005 - June 30, 2006

<TABLE>
<CAPTION>
                                           COLLINS & AIKMAN   NEW BALTIMORE   COLLINS & AIKMAN   COLLINS & AIKMAN
                                              AUTOMOTIVE        HOLDINGS,        AUTOMOTIVE      AUTOMOTIVE MATS,
                                             (ASIA), INC.        L.L.C.       SERVICES, 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           194,182               0                 0
                                             --------          --------             ---               ---
    GROSS PROFIT                                    0          (192,590)              0                 0
SELLING, GENERAL & ADMINISTRATIVE
  EXPENSES                                    954,823                 0               0                 0
                                             --------          --------             ---               ---
    OPERATING INCOME                         (954,823)         (192,590)              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                6,144                 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                      (960,966)         (192,590)              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        (960,966)         (192,590)              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                               (960,966)         (192,590)              0                 0
                                             ========          ========             ===               ===
</TABLE>

                                  Page 8 of 8
<PAGE>

                          COLLINS & AIKMAN CORPORATION
                                  BALANCE SHEET
                              AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                                                           COLLINS
                                                                          & AIKMAN
                                                                           CANADA                                           DURA
                                                        COLLINS &          DOMESTIC        COLLINS             JPS       CONVERTIBLE
                                                         AIKMAN            HOLDING        & AIKMAN          AUTOMOTIVE,   SYSTEMS,
                                                       CORPORATION         COMPANY        PRODUCTS CO.         INC.         INC.
                                        TOTAL           05-55927          05-55930         05-55932          05-55935     05-55942
                                   -------------       -----------       -----------     -------------      -----------  -----------
<S>                                <C>                 <C>               <C>             <C>                <C>          <C>
CASH                                  98,336,943                 0                 0        98,066,375           12,097       3,000
ACCOUNTS RECEIVABLE-TRADE, NET       150,938,476                 0                 0       (75,917,259)      24,797,725  13,144,939
OTHER NON-TRADE RECEIVABLES            5,846,505                 0                 0         2,711,717                0      18,100
INVENTORIES, NET                      93,194,676                 0                 0        13,567,765       14,206,158   4,775,548
TOOLING AND MOLDING, NET-CURRENT      50,511,285                 0                 0         7,735,308                0    (345,985)
PREPAIDS & OTHER CURRENT ASSETS       57,098,576                 0                 0        23,259,127       11,839,920   4,775,339
DEFERRED TAX ASSETS-CURRENT              (87,825)                0                 0        (1,224,646)         130,000           0
                                   -------------       -----------       -----------     -------------      -----------  ----------
      TOTAL CURRENT ASSETS           455,838,636                 0                 0        68,198,387       50,985,901  22,370,941
INVESTMENTS IN SUBSIDIARIES        2,534,708,519        83,367,715        97,290,718     1,683,436,352                0           0
FIXED ASSETS, NET                    307,359,412                 0                 0        32,078,242       51,439,694   3,996,563
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     7,662,679                 0                 0         1,183,331        1,293,576           0
OTHER NONCURRENT ASSETS               89,036,082                 0                 0        66,212,577         (845,033)     21,607
INTERCOMPANY ACCOUNTS - NET          128,079,899                 0                 0       101,328,844       10,731,874  (6,868,335)
PRE-PETITION INTERCOMPANY - NET      694,574,567       206,452,371       308,915,682       595,034,431       95,771,347  13,999,023
                                   -------------       -----------       -----------     -------------      -----------  ----------
          TOTAL ASSETS             5,221,752,692       289,820,086       406,206,400     2,745,409,093      224,497,405  36,587,542
                                   =============       ===========       ===========     =============      ===========  ==========
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       245,450,028                 0                 0       245,450,028                0           0
CURRENT PORTION-CAPITAL LEASES                 0                 0                 0                 0                0           0
ACCOUNTS PAYABLE                      38,330,069                 0                 0         8,714,619        5,678,186   2,263,040
ACCRUED INTEREST PAYABLE               7,749,884                 0                 0         7,749,884                0           0
ACCRUED & OTHER LIABILITIES          102,860,811                 0                 0        89,689,658        4,030,595     675,706
INCOME TAXES PAYABLE                  (6,139,618)                0                 0        (6,158,474)               0           0
                                   -------------       -----------       -----------     -------------      -----------  ----------
    TOTAL CURRENT LIABILITIES        388,251,174                 0                 0       345,445,715        9,708,781   2,938,746
LIABILITIES SUBJECT TO COMPROMISE  2,386,486,645                 0                 0     2,153,534,361       25,654,893  11,887,466
                                   -------------       -----------       -----------     -------------      -----------  ----------
        TOTAL LIABILITIES          2,774,737,819                 0                 0     2,498,980,075       35,363,674  14,826,212
                                   -------------       -----------       -----------     -------------      -----------  ----------
          TOTAL EQUITY             2,447,014,873       289,820,086       406,206,400       246,429,017      189,133,731  21,761,330
                                   -------------       -----------       -----------     -------------      -----------  ----------
   TOTAL LIABILITIES & EQUITY      5,221,752,692       289,820,086       406,206,400     2,745,409,093      224,497,405  36,587,542
                                   =============       ===========       ===========     =============      ===========  ==========
</TABLE>

                                  Page 1 of 7

<PAGE>

                          COLLINS & AIKMAN CORPORATION
                                  BALANCE SHEET
                              AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                                                                                                           COLLINS
                                       COLLINS &           OWOSSO                              AMCO          COLLINS &     & AIKMAN
                                        AIKMAN            THERMAL          SOUTHWEST       CONVERTIBLE         AIKMAN     ACCESSORY
                                      DEVELOPMENT         FORMING,        LAMINATES,         FABRICS,      INTERNATIONAL  MATS, INC.
                                        COMPANY           L.L.C..            INC.              INC.         CORPORATION
                                       05-55943           05-55946         05-55948          05-55949        05-55951      05-55952
                                   -----------------  ----------------  ---------------  ----------------  ------------   ----------
<S>                                <C>                <C>               <C>              <C>               <C>            <C>
CASH                                           0                 0              2,166                0            3,167       58,089
ACCOUNTS RECEIVABLE-TRADE, NET                 0           793,348         10,777,857                0                0   10,471,947
OTHER NON-TRADE RECEIVABLES                    0                 0                  0           15,000                0       61,590
INVENTORIES, NET                               0           564,430          4,096,487        3,758,320                0    2,734,066
TOOLING AND MOLDING, NET-CURRENT               0                 0                  0                0                0    2,041,895
PREPAIDS & OTHER CURRENT ASSETS                0           112,308             54,955        1,345,289              442      940,348
DEFERRED TAX ASSETS-CURRENT                    0                 0             91,421                0                0            0
                                      ----------        ----------        -----------       ----------      -----------   ----------
      TOTAL CURRENT ASSETS                     0         1,470,086         15,022,886        5,118,609            3,608   16,307,935
INVESTMENTS IN SUBSIDIARIES                    0                 0                  0                0      164,130,994            0
FIXED ASSETS, NET                              0         3,524,370          1,860,347                0                0   15,205,296
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            0
OTHER NONCURRENT ASSETS                        0                 0                  0                0                0      645,336
INTERCOMPANY ACCOUNTS - NET                    0          (146,828)         8,225,671        9,103,559          (19,800)  11,025,442
PRE-PETITION INTERCOMPANY - NET             (133)       (7,148,028)       (21,760,689)      11,914,486      148,997,775    9,753,271
                                      ----------        ----------        -----------       ----------      -----------   ----------
          TOTAL ASSETS                14,999,867        (2,274,259)        16,096,101       26,136,654      313,112,578   52,937,280
                                      ==========        ==========        ===========       ==========      ===========   ==========
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          (120,219)           815,836           35,159                0      922,191
ACCRUED INTEREST PAYABLE                       0                 0                  0                0                0            0
ACCRUED & OTHER LIABILITIES                    0           161,492            481,591          980,220                0    4,097,739
INCOME TAXES PAYABLE                           0                 0                  0                0                0            0
                                      ----------        ----------        -----------       ----------      -----------   ----------
    TOTAL CURRENT LIABILITIES                  0            41,273          1,297,427        1,015,379                0    5,019,931
LIABILITIES SUBJECT TO COMPROMISE              0         1,661,693          1,090,184        1,475,991                0    9,323,118
                                      ----------        ----------        -----------       ----------      -----------   ----------
        TOTAL LIABILITIES                      0         1,702,966          2,387,611        2,491,369                0   14,343,049
                                      ----------        ----------        -----------       ----------      -----------   ----------
          TOTAL EQUITY                14,999,867        (3,977,225)        13,708,490       23,645,285      313,112,578   38,594,231
                                      ----------        ----------        -----------       ----------      -----------   ----------
   TOTAL LIABILITIES & EQUITY         14,999,867        (2,274,259)        16,096,101       26,136,654      313,112,578   52,937,280
                                      ==========        ==========        ===========       ==========      ===========   ==========
</TABLE>

                                  Page 2 of 7

<PAGE>

                          COLLINS & AIKMAN CORPORATION
                                  BALANCE SHEET
                              AS OF - JUNE 30, 2006

<TABLE>
                                      COLLINS &                         COLLINS &         COLLINS &
                                        AIKMAN                           AIKMAN            AIKMAN           COLLINS       WICKES
                                      AUTOMOTIVE          BRUT         AUTOMOTIVE           ASSET          & AIKMAN        ASSET
                                      INTERIORS,       PLASTICS,       EXTERIORS,         SERVICES,        PLASTICS,    MANAGEMENT,
                                         INC.             INC.            INC.              INC.             INC.          INC.
                                       05-55956         05-55957        05-55958          05-55959         05-55960      05-55962
                                   ----------------  --------------  ----------------  ----------------  -------------  -----------
<S>                                <C>               <C>             <C>               <C>               <C>            <C>
CASH                                       21,500          0                18,730                 0            1,000            0
ACCOUNTS RECEIVABLE-TRADE, NET         22,564,486          0            21,016,964                 0      102,733,102            0
OTHER NON-TRADE RECEIVABLES                     0          0             1,713,073                 0        1,029,184       28,581
INVENTORIES, NET                       17,592,475          0            12,855,160                 0        1,498,189            0
TOOLING AND MOLDING, NET-CURRENT                0          0               164,690                 0       25,703,066            0
PREPAIDS & OTHER CURRENT ASSETS         7,542,669          0             2,889,666                 0          335,609        2,100
DEFERRED TAX ASSETS-CURRENT                     0          0                     0                 0                0            0
                                     ------------        ---           -----------       -----------     ------------   ----------
      TOTAL CURRENT ASSETS             47,721,130          0            38,658,283                 0      131,300,149       30,681
INVESTMENTS IN SUBSIDIARIES                     0          0                     0       (17,789,881)      81,550,000            0
FIXED ASSETS, NET                      76,675,031          0            59,410,318                 0        6,573,045       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      4,796,327          0               241,485                 0            9,549            0
OTHER NONCURRENT ASSETS                19,607,195          0            (3,972,344)                0            6,595            0
INTERCOMPANY ACCOUNTS - NET               (67,134)         0            (2,726,242)                0      (18,049,358)       5,532
PRE-PETITION INTERCOMPANY - NET      (156,293,754)         0           (39,801,517)         (126,097)    (180,419,262)  13,761,982
                                     ------------        ---           -----------       -----------     ------------   ----------
          TOTAL ASSETS                132,337,554          0           240,882,916       (17,915,978)     137,791,643   13,821,560
                                     ============        ===           ===========       ===========     ============   ==========
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                        2,441,938          0            12,512,496                 0          189,934          (14)
ACCRUED INTEREST PAYABLE                        0          0                     0                 0                0            0
ACCRUED & OTHER LIABILITIES             5,655,269          0             3,913,498                 0          (84,550)         544
INCOME TAXES PAYABLE                            0          0                     0                 0                0            0
                                     ------------        ---           -----------       -----------     ------------   ----------
    TOTAL CURRENT LIABILITIES           8,097,208          0            16,425,994                 0          105,384          530
LIABILITIES SUBJECT TO COMPROMISE      59,591,340          0            23,525,002                 0       67,811,776   (7,844,676)
                                     ------------        ---           -----------       -----------     ------------   ----------
        TOTAL LIABILITIES              67,688,547          0            39,950,996                 0       67,917,160   (7,844,146)
                                     ------------        ---           -----------       -----------     ------------   ----------
          TOTAL EQUITY                 64,649,006          0           200,931,920       (17,915,978)      69,874,483   21,665,706
                                     ------------        ---           -----------       -----------     ------------   ----------
   TOTAL LIABILITIES & EQUITY         132,337,554          0           240,882,916       (17,915,978)     137,791,643   13,821,560
                                     ============        ===           ===========       ===========     ============   ==========
</TABLE>

                                  Page 3 of 7
<PAGE>

                           COLLINS AIKMAN CORPORATION
                                  BALANCE SHEET
                              AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                                                     COLLINS &
                                        COLLINS &      COLLINS &       AIKMAN                         COLLINS       COLLINS &
                                          AIKMAN        AIKMAN       AUTOMOTIVE         WICKES       & AIKMAN        AIKMAN
                                         FABRICS,     PROPERTIES,   (ARGENTINA),    MANUFACTURING    INTERIORS,      EUROPE,
                                           INC.           INC.          INC.           COMPANY          INC.           INC.
                                        05-55963       05- 55964     05- 55965         05-55968       05-55970       05-55971
                                      -------------  ------------  --------------  ---------------  ------------   ------------
<S>                                   <C>            <C>           <C>             <C>              <C>            <C>
CASH                                         11,647         1,337          5,606                 0             0              0
ACCOUNTS RECEIVABLE-TRADE, NET            4,775,299             0           (388)                0             0              0
OTHER NON-TRADE RECEIVABLES                  27,502             0         20,338                 0             0              0
INVENTORIES, NET                         12,138,728             0              0                 0             0              0
TOOLING AND MOLDING, NET-CURRENT                  0             0              0                 0             0              0
PREPAIDS & OTHER CURRENT ASSETS           3,188,444             0         26,833                 0             0              0
DEFERRED TAX ASSETS-CURRENT                 915,400             0              0                 0             0              0
                                        -----------   -----------        -------        ----------    ----------    -----------
    TOTAL CURRENT ASSETS                 21,057,019         1,337         52,389                 0             0              0
INVESTMENTS IN SUBSIDIARIES                       0             0              0                 0   200,858,103    120,915,758
FIXED ASSETS, NET                        30,470,014             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                   5,170,788       111,252              0                 0             0              0
INTERCOMPANY ACCOUNTS - NET              10,448,435       (18,900)             0          (450,458)            0              0
PRE-PETITION INTERCOMPANY - NET        (155,033,474)  157,073,380              0        (8,886,028) (145,234,274)    (1,135,736)
                                        -----------   -----------        -------        ----------    ----------    -----------
        TOTAL ASSETS                    100,800,617   157,167,068        255,389        (9,336,485)   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                          1,641,491             0              0                 0             0              0
ACCRUED INTEREST PAYABLE                          0             0              0                 0             0              0
ACCRUED & OTHER LIABILITIES               3,451,372             0          8,597       (11,483,784)            0              0
INCOME TAXES PAYABLE                              0             0              0                 0             0              0
                                        -----------   -----------        -------        ----------    ----------    -----------
    TOTAL CURRENT LIABILITIES             5,092,863             0          8,597       (11,483,784)            0              0
LIABILITIES SUBJECT TO COMPROMISE        20,812,491             0        179,471        (1,453,440)            0              0
                                        -----------   -----------        -------        ----------    ----------    -----------
        TOTAL LIABILITIES                25,905,354             0        188,068       (12,937,224)            0              0
                                        -----------   -----------        -------        ----------    ----------    -----------
           TOTAL EQUITY                  74,895,263   157,167,068         67,321         3,600,738    55,623,829    119,780,021
                                        -----------   -----------        -------        ----------    ----------    -----------
    TOTAL LIABILITIES & EQUITY          100,800,617   157,167,068        255,389        (9,336,485)   55,623,829    119,780,021
                                        ===========   ===========        =======        ==========    ==========    ===========
</TABLE>

                                  Page 4 of 7

<PAGE>
                           COLLINS AIKMAN CORPORATION
                                 BALANCE SHEET
                             AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                                                                                      COLLINS &
                                                                                                       AIKMAN
                                                                      COLLINS                        AUTOMOTIVE
                                         COMET          GAMBLE        & AIKMAN         BECKER         OVERSEAS
                                       ACOUSTICS,    DEVELOPMENT     INTELLIMOLD,      GROUP,        INVESTMENT    CW MANAGEMENT
                                          INC.          COMPANY         INC.           L.L.C..          INC.        CORPORATION
                                        05-55972       05-55974       05-55976        05-55977        05- 5978        05-55979
                                     --------------  ------------  --------------  ---------------  ------------  --------------
<S>                                  <C>             <C>           <C>             <C>              <C>           <C>
CASH                                          0                0              0            3,359         0                0
ACCOUNTS RECEIVABLE-TRADE, NET         (154,243)               0        315,966       11,972,814         0                0
OTHER NON-TRADE RECEIVABLES                   0                0              0          190,721         0                0
INVENTORIES, NET                              0                0              0        3,498,962         0                0
TOOLING AND MOLDING, NET-CURRENT              0                0              0       15,170,106         0                0
PREPAIDS & OTHER CURRENT ASSETS               0                0         81,905          369,259         0            2,500
DEFERRED TAX ASSETS-CURRENT                   0                0              0                0         0                0
                                        -------       ----------     ----------     ------------       ---        ---------
         TOTAL CURRENT ASSETS          (154,243)               0        397,871       31,205,221         0            2,500

INVESTMENTS IN SUBSIDIARIES                   0                0              0                0         0                0
FIXED ASSETS, NET                             0                0        112,489       19,008,076         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           61,695         0                0
OTHER NONCURRENT ASSETS                       0                0              0        2,043,671         0                0
INTERCOMPANY ACCOUNTS - NET             154,243                0              0        5,504,338         0         (919,025)
PRE-PETITION INTERCOMPANY - NET            (510)      (1,842,290)     2,040,762     (154,290,867)        0        2,391,015
                                        -------       ----------     ----------     ------------       ---        ---------
              TOTAL ASSETS                 (510)      (1,842,290)    (2,912,509)      36,121,210         0        1,474,490
                                        =======       ==========     ==========     ============       ===        =========
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        2,512,464         0           20,007
ACCRUED INTEREST PAYABLE                      0                0              0                0         0                0
ACCRUED & OTHER LIABILITIES                   0              (71)        18,750        1,374,646         0         (919,025)
INCOME TAXES PAYABLE                          0                0              0                0         0                0
                                        -------       ----------     ----------     ------------       ---        ---------
         TOTAL CURRENT LIABILITIES            0              (71)        18,750        3,887,109         0         (899,018)

LIABILITIES SUBJECT TO COMPROMISE             0         (561,672)         6,677       13,629,091         0        2,229,499
                                        -------       ----------     ----------     ------------       ---        ---------
              TOTAL LIABILITIES               0         (561,743)        25,427       17,516,200         0        1,330,482
                                        -------       ----------     ----------     ------------       ---        ---------
                TOTAL EQUITY               (510)      (1,280,547)    (2,937,937)      18,605,010         0          144,008
                                        -------       ----------     ----------     ------------       ---        ---------
         TOTAL LIABILITIES & EQUITY        (510)      (1,842,290)    (2,912,509)      36,121,210         0        1,474,490
                                        =======       ==========     ==========     ============       ===        =========
</TABLE>

                                  Page 5 of 7
<PAGE>

                           COLLINS AIKMAN CORPORATION
                                  BALANCE SHEET
                              AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                        COLLINS &      COLLINS &     COLLINS &        COLLINS &
                                         AIKMAN         AIKMAN        AIKMAN           AIKMAN         COLLINS &       COLLINS &
                                       AUTOMOTIVE      CARPET &       CARPET &       AUTOMOTIVE        AIKMAN         AIKMAN
                                     INTERNATIONAL,    ACOUSTIC      ACOUSTIC       INTERNATIONAL    (GIBRALTAR)     AUTOMOTIVE
                                          INC.        (TN), INC.     (MI), INC.     SERVICES, INC.    LIMITED       (ASIA), INC.
                                        05-55980       05-55984       05-55982         05-55985       05-55989       05-55991
                                     --------------  ------------  --------------  ---------------  ------------  --------------
<S>                                  <C>             <C>           <C>             <C>              <C>           <C>
CASH                                         0            73,926             0                 0            593         54,352
ACCOUNTS RECEIVABLE-TRADE, NET               0         3,579,014             0                 0              0              0
OTHER NON-TRADE RECEIVABLES                  0               598             0                 0              0         30,102
INVENTORIES, NET                             0         1,908,388             0                 0              0              0
TOOLING AND MOLDING, NET-CURRENT             0            42,205             0                 0              0              0
PREPAIDS & OTHER CURRENT ASSETS              0           256,181             0                 0              0         66,794
DEFERRED TAX ASSETS-CURRENT                  0                 0             0                 0              0              0
                                           ---       -----------     ---------        ----------    -----------     ----------
         TOTAL CURRENT ASSETS                0         5,860,313             0                 0            593        151,249
INVESTMENTS IN SUBSIDIARIES                  0                 0             0                 0    120,948,761              0
FIXED ASSETS, NET                            0         6,357,601             0                 0              0         58,182
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            50,576             0                 0              0              0
OTHER NONCURRENT ASSETS                      0            34,438             0                 0              0              0
INTERCOMPANY ACCOUNTS - NET                  0         1,717,389         1,440           (21,544)       (15,566)      (855,839)
PRE-PETITION INTERCOMPANY - NET              0        (1,107,491)    4,192,741           876,593         32,732       (858,651)
                                           ---       -----------     ---------        ----------    -----------     ----------
           TOTAL ASSETS                      0        12,912,826     4,194,181        (1,746,795)   120,966,520     (2,140,520)
                                           ===       ===========     =========        ==========    ===========     ==========
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           624,628             0                 0              0              0
ACCRUED INTEREST PAYABLE                     0                 0             0                 0              0              0
ACCRUED & OTHER LIABILITIES                  0           680,869             0            95,112         17,010         15,571
INCOME TAXES PAYABLE                         0                 0             0                 0         18,853              4
                                           ---       -----------     ---------        ----------    -----------     ----------
         TOTAL CURRENT LIABILITIES           0         1,305,497             0            95,112         35,862         15,575
LIABILITIES SUBJECT TO COMPROMISE            0         3,427,543         8,117                 0              0            163
                                           ---       -----------     ---------        ----------    -----------     ----------
           TOTAL LIABILITIES                 0         4,733,040         8,117            95,112         35,862         15,738
                                           ---       -----------     ---------        ----------    -----------     ----------
             TOTAL EQUITY                    0         8,179,786     4,186,064        (1,841,907)   120,930,658     (2,156,257)
                                           ---       -----------     ---------        ----------    -----------     ----------
         TOTAL LIABILITIES & EQUITY          0        12,912,826     4,194,181        (1,746,795)   120,966,520     (2,140,520)
                                           ===       ===========     =========        ==========    ===========     ==========
</TABLE>

                                  Page 6 of 7
<PAGE>

                           COLLINS AIKMAN CORPORATION
                                  BALANCE SHEET
                              AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                                       COLLINS &     COLLINS &
                                          NEW           AIKMAN        AIKMAN
                                       BALTIMORE      AUTOMOTIVE    AUTOMOTIVE
                                        HOLDINGS,      SERVICES,       MATS,
                                         L.L.C.         L.L.C..        L.L.C..
                                        05-55992       05-55981      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              8,888         0            0
DEFERRED TAX ASSETS-CURRENT                      0         0            0
                                        ----------       ---          ---
   TOTAL CURRENT ASSETS                     75,791         0            0
INVESTMENTS IN SUBSIDIARIES                      0         0            0
FIXED ASSETS, NET                          566,779         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                 (7,842)        0            0
PRE-PETITION INTERCOMPANY - NET         (2,694,223)        0            0
                                        ----------       ---          ---
       TOTAL ASSETS                        (10,792)        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                            78,313         0            0
ACCRUED INTEREST PAYABLE                         0         0            0
ACCRUED & OTHER LIABILITIES                      0         0            0
INCOME TAXES PAYABLE                             0         0            0
                                        ----------       ---          ---
   TOTAL CURRENT LIABILITIES                78,313         0            0
LIABILITIES SUBJECT TO COMPROMISE          497,558         0            0
                                        ----------       ---          ---
       TOTAL LIABILITIES                   575,872         0            0
                                        ----------       ---          ---
          TOTAL EQUITY                    (586,664)        0            0
                                        ----------       ---          ---
   TOTAL LIABILITIES & EQUITY              (10,792)        0            0
                                        ==========       ===          ===
</TABLE>

                                  Page 7 of 7
<PAGE>

                           COLLINS AIKMAN CORPORATION
                       LIABILITIES - SUBJECT TO COMPROMISE
                              AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                                                          COLLINS & AIKMAN
                                                       COLLINS & AIKMAN    CANADA DOMESTIC    COLLINS & AIKMAN
                                                         CORPORATION       HOLDING COMPANY      PRODUCTS CO.      JPS AUTOMOTIVE,
                                          TOTAL            05-55927           05-55930            05-55932        INC. 05-55935
                                        -------------  ----------------   -----------------   ----------------   ----------------
<S>                                     <C>            <C>                <C>                 <C>                <C>
A/P - TRADE - PRE PETITION                224,662,137         0                   0             45,893,008         20,987,334
A/P - REC'D - NOT INVOICED PREPETITION      3,362,404         0                   0                      0            399,789
A/P - PRE PETITION OTHER                  (13,607,431)        0                   0             (1,208,793)          (211,619)
A/P - TOOLING                              63,436,120         0                   0                      0                  0
A/P - CAPITAL                               1,711,368         0                   0                      0            103,885

PP SHORT TERM BORROWINGS                            0         0                   0                      0                  0
PP ACCRUED LIABILITIES                     71,283,700         0                   0             80,262,925            342,504
PP ACCRUED LOCAL PROPERTY TAX               1,271,591         0                   0                193,881            200,708
PP ACCRUED SALES & USE TAX                   (330,071)        0                   0               (261,258)            65,364
PP ENVIRONMENTAL RESERVE                   34,213,880         0                   0             34,213,880                  0
PP DISC OPS RESERVE                                 0         0                   0                      0                  0
PP RESTRUCTURING RESERVE                   13,550,989         0                   0             13,550,989                  0
PP LONG TERM DEBT                       1,587,697,736         0                   0          1,587,697,736                  0
PP CAPITAL LEASES                            (112,106)        0                   0               (112,106)                 0

LONG TERM DEBT                                      0         0                   0                      0                  0
CAPITAL LEASE OBLIGATIONS-LONG TERM                 0         0                   0                      0                  0
DEFERRED INCOME TAXES                      20,831,599         0                   0             20,831,599                  0
MINORITY INTEREST IN CONSOL SUBS                    0         0                   0                      0                  0
PREFERRED STOCK OF PRODUCTS CO.           222,875,520         0                   0            222,875,520                  0
OTHER NONCURRENT LIABILITIES              155,639,208         0                   0            149,596,978          3,766,927
                                        -------------       ---                 ---          -------------         ----------
LIABILITIES - SUBJECT TO COMPROMISE     2,386,486,645         0                   0          2,153,534,361         25,654,893
                                        =============       ===                 ===          =============         ==========
</TABLE>

                                  Page 1 of 8
<PAGE>

                           COLLINS AIKMAN CORPORATION
                       LIABILITIES - SUBJECT TO COMPROMISE
                              AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                                                                                                        AMCO
                                        DURA CONVERTIBLE  COLLINS & AIKMAN    OWOSSO THERMAL       SOUTHWEST         CONVERTIBLE
                                         SYSTEMS, INC.      DEVELOPMENT      FORMING, L.L.C..    LAMINATES, INC.     FABRICS, INC.
                                            05-55942      COMPANY 05-55943      05-55946            05-55948          05-55949
                                        ----------------  ---------------    ----------------    ---------------    --------------
<S>                                     <C>               <C>                <C>                 <C>                <C>
A/P - TRADE - PRE PETITION                    10,458,060         0               1,313,748            921,285          1,475,991
A/P - REC'D - NOT INVOICED PREPETITION                 0         0                 281,835                  0                  0
A/P - PRE PETITION OTHER                               0         0                  66,110                  0                  0
A/P - TOOLING                                          0         0                       0                  0                  0
A/P - CAPITAL                                          0         0                       0                  0                  0

PP SHORT TERM BORROWINGS                               0         0                       0                  0                  0
PP ACCRUED LIABILITIES                            81,471         0                       0            137,243                  0
PP ACCRUED LOCAL PROPERTY TAX                          0         0                       0             31,656                  0
PP ACCRUED SALES & USE TAX                             0         0                       0                  0                  0
PP ENVIRONMENTAL RESERVE                               0         0                       0                  0                  0
PP DISC OPS RESERVE                                    0         0                       0                  0                  0
PP RESTRUCTURING RESERVE                               0         0                       0                  0                  0
PP LONG TERM DEBT                                      0         0                       0                  0                  0
PP CAPITAL LEASES                                      0         0                       0                  0                  0

LONG TERM DEBT                                         0         0                       0                  0                  0
CAPITAL LEASE OBLIGATIONS-LONG TERM                    0         0                       0                  0                  0
DEFERRED INCOME TAXES                                  0         0                       0                  0                  0
MINORITY INTEREST IN CONSOL SUBS                       0         0                       0                  0                  0
PREFERRED STOCK OF PRODUCTS CO.                        0         0                       0                  0                  0
OTHER NONCURRENT LIABILITIES                   1,347,935         0                       0                  0                  0
                                              ----------       ---               ---------          ---------          ---------
LIABILITIES - SUBJECT TO COMPROMISE           11,887,466         0               1,661,693          1,090,184          1,475,991
                                              ==========       ===               =========          =========          =========
</TABLE>

                                   Page 2 of 8
<PAGE>

                           COLLINS AIKMAN CORPORATION
                       LIABILITIES - SUBJECT TO COMPROMISE
                              AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                        COLLINS & AIKMAN                     COLLINS & AIKMAN                    COLLINS & AIKMAN
                                         INTERNATIONAL     COLLINS & AIKMAN     AUTOMOTIVE                          AUTOMOTIVE
                                          CORPORATION       ACCESSORY MATS,   INTERIORS, INC.   BRUT PLASTICS,    EXTERIORS, INC.
                                           05-55951         INC. 05-55952        05-55956        INC.05-55957        05-55958
                                        ----------------   ----------------  ----------------   --------------   ----------------
<S>                                     <C>                <C>               <C>                 <C>             <C>
A/P - TRADE - PRE PETITION                     0               8,498,662        61,580,929             0            35,277,488
A/P - REC'D - NOT INVOICED PRE PETITION        0                       0           303,990             0               572,830
A/P - PRE PETITION OTHER                       0                  42,086        (2,993,804)            0            (9,031,294)
A/P - TOOLING                                  0                       0                 0             0                     0
A/P - CAPITAL                                  0                       0               825             0                     0

PP SHORT TERM BORROWINGS                       0                       0                 0             0                     0
PP ACCRUED LIABILITIES                         0                       0           529,769             0            (4,067,345)
PP ACCRUED LOCAL PROPERTY TAX                  0                       0           150,673             0               200,764
PP ACCRUED SALES & USE TAX                     0                       0             8,677             0              (142,855)
PP ENVIRONMENTAL RESERVE                       0                       0                 0             0                     0
PP DISC OPS RESERVE                            0                       0                 0             0                     0
PP RESTRUCTURING RESERVE                       0                       0                 0             0                     0
PP LONG TERM DEBT                              0                       0                 0             0                     0
PP CAPITAL LEASES                              0                       0                 0             0                     0

LONG TERM DEBT                                 0                       0                 0             0                     0
CAPITAL LEASE OBLIGATIONS-LONG TERM            0                       0                 0             0                     0
DEFERRED INCOME TAXES                          0                       0                 0             0                     0
MINORITY INTEREST IN CONSOL SUBS               0                       0                 0             0                     0
PREFERRED STOCK OF PRODUCTS CO.                0                       0                 0             0                     0
OTHER NONCURRENT LIABILITIES                   0                 782,371            10,281             0               715,414
                                             ---               ---------        ----------           ---            ----------
LIABILITIES - SUBJECT TO COMPROMISE            0               9,323,118        59,591,340             0            23,525,002
                                             ===               =========        ==========           ===            ==========
</TABLE>

                                   Page 3 of 8
<PAGE>

                           COLLINS AIKMAN CORPORATION
                      LIABILITIES - SUBJECT TO COMPROMISE
                             AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                          COLLINS & AIKMAN   COLLINS & AIKMAN    WICKES ASSET    COLLINS & AIKMAN  COLLINS & AIKMAN
                                           ASSET SERVICES,    PLASTICS, INC.      MANAGEMENT,      FABRICS, INC.   PROPERTIES, INC.
                                            INC. 05-55959        05-55960        INC. 05-55962       05-55963          05-55964
                                          ----------------   ----------------    --------------  ----------------  -----------------
<S>                                       <C>                <C>                 <C>             <C>               <C>
A/P - TRADE - PRE PETITION                       0               4,118,741            169,033        17,741,731             0
A/P - REC'D - NOT INVOICED PRE PETITION          0                   8,296                  0                 0             0
A/P - PRE PETITION OTHER                         0                (152,837)                 0           160,433             0
A/P - TOOLING                                    0              63,436,120                  0                 0             0
A/P - CAPITAL                                    0                       0                  0         1,606,657             0

PP SHORT TERM BORROWINGS                         0                       0                  0                 0             0
PP ACCRUED LIABILITIES                           0                 401,456         (8,013,709)          870,444             0
PP ACCRUED LOCAL PROPERTY TAX                    0                       0                  0           433,226             0
PP ACCRUED SALES & USE TAX                       0                       0                  0                 0             0
PP ENVIRONMENTAL RESERVE                         0                       0                  0                 0             0
PP DISC OPS RESERVE                              0                       0                  0                 0             0
PP RESTRUCTURING RESERVE                         0                       0                  0                 0             0
PP LONG TERM DEBT                                0                       0                  0                 0             0
PP CAPITAL LEASES                                0                       0                  0                 0             0

LONG TERM DEBT                                   0                       0                  0                 0             0
CAPITAL LEASE OBLIGATIONS-LONG TERM              0                       0                  0                 0             0
DEFERRED INCOME TAXES                            0                       0                  0                 0             0
MINORITY INTEREST IN CONSOL SUBS                 0                       0                  0                 0             0
PREFERRED STOCK OF PRODUCTS CO.                  0                       0                  0                 0             0
OTHER NONCURRENT LIABILITIES                     0                       0                  0                 0             0
                                               ---              ----------         ----------        ----------           ---
LIABILITIES - SUBJECT TO COMPROMISE              0              67,811,776         (7,844,676)       20,812,491             0
                                               ===              ==========         ==========        ==========           ===
</TABLE>

                                   Page 4 of 8
<PAGE>

                           COLLINS AIKMAN CORPORATION
                      LIABILITIES - SUBJECT TO COMPROMISE
                             AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                           COLLINS & AIKMAN
                                              AUTOMOTIVE           WICKES        COLLINS & AIKMAN   COLLINS & AIKMAN       COMET
                                          (ARGENTINA), INC.    MANUFACTURING      INTERIORS, INC.      EUROPE, INC.      ACOUSTICS,
                                               05-55965       COMPANY 05-55968       05-55970           05-55971       INC. 05-55972
                                          ------------------  ----------------   ----------------   ----------------   -------------
<S>                                       <C>                 <C>                <C>                <C>                <C>
A/P - TRADE - PRE PETITION                      179,471            45,651               0                  0                  0
A/P - REC'D - NOT INVOICED PRE PETITION               0                 0               0                  0                  0
A/P - PRE PETITION OTHER                              0                 0               0                  0                  0
A/P - TOOLING                                         0                 0               0                  0                  0
A/P - CAPITAL                                         0                 0               0                  0                  0

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

LONG TERM DEBT                                        0                 0               0                  0                  0
CAPITAL LEASE OBLIGATIONS-LONG TERM                   0                 0               0                  0                  0
DEFERRED INCOME TAXES                                 0                 0               0                  0                  0
MINORITY INTEREST IN CONSOL SUBS                      0                 0               0                  0                  0
PREFERRED STOCK OF PRODUCTS CO.                       0                 0               0                  0                  0
OTHER NONCURRENT LIABILITIES                          0          (871,576)              0                  0                  0
                                                -------        ----------             ---                ---                ---
LIABILITIES - SUBJECT TO COMPROMISE             179,471        (1,453,440)              0                  0                  0
                                                =======        ==========             ===                ===                ===
</TABLE>

                                   Page 5 of 8
<PAGE>

                           COLLINS AIKMAN CORPORATION
                      LIABILITIES - SUBJECT TO COMPROMISE
                             AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                                                                                    COLLINS & AIKMAN
                                                                                                       AUTOMOTIVE
                                               GAMBLE        COLLINS & AIKMAN                           OVERSEAS       CW MANAGEMENT
                                             DEVELOPMENT     INTELLIMOLD, INC.     BECKER GROUP,     INVESTMENT INC.    CORPORATION
                                          COMPANY 05-55974       05-55976        L.L.C.. 05-55977       05-55978          05-55979
                                          ----------------   -----------------   ----------------   ----------------   -------------
<S>                                       <C>                <C>                 <C>                <C>                <C>
A/P - TRADE - PRE PETITION                         0               6,677            12,443,552             0                     0
A/P - REC'D - NOT INVOICED PRE PETITION            0                   0             1,805,534             0                     0
A/P - PRE PETITION OTHER                           0                   0              (300,980)            0                     0
A/P - TOOLING                                      0                   0                     0             0                     0
A/P - CAPITAL                                      0                   0                     0             0                     0

PP SHORT TERM BORROWINGS                           0                   0                     0             0                     0
PP ACCRUED LIABILITIES                      (561,672)                  0              (319,016)            0             2,229,499
PP ACCRUED LOCAL PROPERTY TAX                      0                   0                     0             0                     0
PP ACCRUED SALES & USE TAX                         0                   0                     0             0                     0
PP ENVIRONMENTAL RESERVE                           0                   0                     0             0                     0
PP DISC OPS RESERVE                                0                   0                     0             0                     0
PP RESTRUCTURING RESERVE                           0                   0                     0             0                     0
PP LONG TERM DEBT                                  0                   0                     0             0                     0
PP CAPITAL LEASES                                  0                   0                     0             0                     0

LONG TERM DEBT                                     0                   0                     0             0                     0
CAPITAL LEASE OBLIGATIONS-LONG TERM                0                   0                     0             0                     0
DEFERRED INCOME TAXES                              0                   0                     0             0                     0
MINORITY INTEREST IN CONSOL SUBS                   0                   0                     0             0                     0
PREFERRED STOCK OF PRODUCTS CO.                    0                   0                     0             0                     0
OTHER NONCURRENT LIABILITIES                       0                   0                     0             0                     0
                                            --------               -----            ----------           ---             ---------
LIABILITIES - SUBJECT TO COMPROMISE         (561,672)              6,677            13,629,091             0             2,229,499
                                            ========               =====            ==========           ===             =========
</TABLE>

                                   Page 6 of 8




<PAGE>

                           COLLINS AIKMAN CORPORATION
                       LIABILITIES - SUBJECT TO COMPROMISE
                              AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                                                                                  COLLINS & AIKMAN     COLLINS &
                                          COLLINS & AIKMAN  COLLINS & AIKMAN   COLLINS & AIKMAN      AUTOMOTIVE          AIKMAN
                                             AUTOMOTIVE     CARPET & ACOUSTIC  CARPET & ACOUSTIC   INTERNATIONAL      (GIBRALTAR)
                                           INTERNATIONAL,       (TN), INC.        (MI), INC.       SERVICES, INC.        LIMITED
                                           INC. 05-55980         05-55984         05-55982            05-55985          05-55989
                                          ----------------  -----------------  -----------------  ----------------  ----------------
<S>                                       <C>               <C>                <C>                <C>               <C>
A/P - TRADE - PRE PETITION                        0             3,349,213            8,117               0                  0
A/P - REC'D - NOT INVOICED PRE PETITION           0                     0                0               0                  0
A/P - PRE PETITION OTHER                          0                     0                0               0                  0
A/P - TOOLING                                     0                     0                0               0                  0
A/P - CAPITAL                                     0                     0                0               0                  0

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

LONG TERM DEBT                                    0                     0                0               0                  0
CAPITAL LEASE OBLIGATIONS-LONG TERM               0                     0                0               0                  0
DEFERRED INCOME TAXES                             0                     0                0               0                  0
MINORITY INTEREST IN CONSOL SUBS                  0                     0                0               0                  0
PREFERRED STOCK OF PRODUCTS CO.                   0                     0                0               0                  0
OTHER NONCURRENT LIABILITIES                      0                     0                0               0                  0
                                                ---             ---------            -----             ---                ---
LIABILITIES - SUBJECT TO COMPROMISE               0             3,427,543            8,117               0                  0
                                                ===             =========            =====             ===                ===
</TABLE>

                                   Page 7 of 8

<PAGE>

                           COLLINS AIKMAN CORPORATION
                       LIABILITIES - SUBJECT TO COMPROMISE
                              AS OF - JUNE 30, 2006

<TABLE>
<CAPTION>
                                                                                         COLLINS & AIKMAN
                                            COLLINS & AIKMAN          NEW BALTIMORE         AUTOMOTIVE      COLLINS & AIKMAN
                                           AUTOMOTIVE (ASIA),       HOLDINGS, L.L.C..   SERVICES, L.L.C..  AUTOMOTIVE MATS,
                                             INC. 05-55991              05- 55992            05-55981      L.L.C.. 05-55969
                                         -----------------------  ---------------------  -----------------  ----------------
<S>                                      <C>                      <C>                    <C>                <C>
A/P - TRADE - PRE PETITION                        163                193,283                      0                 0
A/P - REC'D - NOT INVOICED PRE PETITION             0                 (9,869)                     0                 0
A/P - PRE PETITION OTHER                            0                 23,267                      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                290,877                      0                 0

                                                  ---                -------                    ---               ---
LIABILITIES - SUBJECT TO COMPROMISE               163                497,558                      0                 0
                                                  ===                =======                    ===               ===
</TABLE>

                                   Page 8 of 8