Spreadsheet: mary_fischer__25809__RTA explanations
Sheet: Item 4

RTA Differences
Question #4 - Total Tax Change
003
 | Perm. Differences |  |  | none
 |  |  |  | 1145989 | P-ship Equity Earnings booked after close
 |  |  |  | 46433 | P-ship Equity Earnings booked after close
 |  |  |  | -2123 | Taxable P-ship income.
 |  |  |  | 341771 | Estimated production payment
 |  |  |  | 730 | Estimated production payment
 | Temp. Differences
 | NIBT Differences |  |  | -1192422 | Off Set by P-ship EE above.
 | Total M's
 | State Taxable Inc. |  |  |  | 3.7995% Rate
 | Current State Tax Exp.
 | Diff. In Fed. Taxable Inc.
 | Cur. Tax Difference
 | Def. Tax. Difference
 | Total Tax Difference
104 | Comment given in original spreadsheet.
20Q
 | Perm. Difference |  |  | 13803059 | Offset on 985.  Expenses moved to 985.
 |  |  |  | -252066 | Tax Amoritzation - extimate used for accrual
 |  |  |  | -8673064 | MTM - amount discovered on B/S after accrual
 |  |  |  | 4300000 | Contingency Provision at accrual -
 |  |  |  |  | moved to bad debt expense for return.
 |  |  |  | -10000000 | Reversal of transfer of Bad Debt expense to 985.
 |  |  |  |  | amount belongs on 20Q
 |  |  |  | -3668585 | Reversal of Bad Debt expense deduction booked on 20Q.
 | Temp. Difference
 | Total Difference
 | Curr.Tax Difference
 | Def. Tax Difference
 | Total Tax Difference
20R
 | Perm. Difference |  |  | 165313 | NIBT belongs on 948.  Net effect with 948 = 0
 |  |  |  | 9762640 | At accrual, we thought we owned assets.  The amount
 |  |  |  |  | deducted was added back.  However, these assets were still in
 |  |  |  |  | deferred debits (opposite MTM adjustment) at year end.
 |  |  |  |  | Accrued adjustment deemed unnecessary.
 |  |  |  | -70190 | Accural used estimated depr.
 |  |  |  | -1888623 | Lacked detail at accrual
 |  |  |  | 1658271 | Lacked detail at accrual
 |  |  |  | 63820876 | Entered with wrong sign at accrual
 |  |  |  | 469271 | Lacked detail at accrual
 |  |  |  | 1331683 | Better information available at return.  Amtount is properly
 |  |  |  |  | reported.
 |  |  |  | -1088736 | Reversal of 1999 [NAME] deals that were included in accrual.
 | Temp. Difference
 | Total Difference
 | Curr.Tax Difference
 | Def. Tax Difference
 | Total Tax Difference
272
 |  |  |  | -1409640 | Equity Earnings
 |  |  |  | 3274400 | At YE, didn't know exact amount of Book Gain to transfer
 |  |  |  |  | to 1N2
 | Perm. Differences
 |  |  |  | 407858 | Taxable p-ship income unknown.
 |  |  |  | 19768135 | Taxable p-ship loss unknown
 |  |  |  | 6093688 | Book p-ship income/loss unknown
 |  |  |  | 2604721 | Book p-ship gain unknown
 |  |  |  | 2091907 | Accrual estimate was inaccurate.
 |  |  |  | 13156812 | Book gain/loss on transfer of asset unknown
 |  |  |  | 1018090 | Tax gain/loss on transfer on asset unknown
 |  |  |  | -54159762 | MTM accounts mapped incorrectly.
 | Temp. Differences
 | Total Differences
 | NIBT Diff. From EE |  |  | 217218
 | Fed. Taxable Inc.
 | Curr. Tax Difference
 | [NAME]. Tax Difference
 | Total Tax Difference
87C
 | Perm. Differences |  |  | 24250412 | Differences per 338 (h)(10) election.  Not identified as YE.
 |  |  |  | -925688 | Over accrual of GW amortization
 |  |  |  | -390050236 | Did not accrue EEMC's full portion of I/C gain.
 |  |  |  | 131340366 | Did not accrue EEMC's full portion of I/C gain.
 |  |  |  | 1787694 | Did not accrue for book/tax differences per election.
 |  |  |  | -48971 | Did not accrue for book/tax differences per election.
 |  |  |  | 11037438 | Did not accrue for book/tax differences per election.
 |  |  |  | 212009 | Did not accrue for tax depreciation of meters
 | Temp. Difference
 | NIBT Difference |  |  | 0
 | Total M's
 | State Taxable Inc.
 | Curr. St. Tax Exp. |  |  |  | .0475% Rate
 | Diff. In Fed. Taxable Inc.
 | Curr.Tax Difference
 | Def. Tax Difference
 | Total Tax Difference
890
 | Perm. Difference |  |  | -1969608 | Transfer of expenses to 87C.  Adjustments made on 87C
 |  |  |  | -20000001 | Amount did not hit I/S as of accrual.  Accrual made M-1 based
 |  |  |  |  | on incorrect B/S.  This entry was made to reverse out I/S
 |  |  |  |  | activity that was not accounted for in accrual.
 |  |  |  | 8262727 | Analysis of deferred debits revealed need for this M-1
 | Temp. Difference
 | Total Difference
 | Curr.Tax Difference
 | Def. Tax Difference
 | Total Tax Difference
969
 |  |  |  | 8000000 | Topside entry that caused difference at year end.
 |  |  |  | 2896482 | Equity Earnings.
 |  |  |  | -35806 | Business Expense @50%
 |  |  |  | 350 | Pol. Activities Contributions
 | Perm. Differences
 |  |  |  | -201547288 | MTM
 |  |  |  | 230000000 | FAS 125 - EOG
 |  |  |  | -20521 | Foreign Currency
 | Temp. Differences
 | NIBT Difference |  |  | -10896482 | From Equity Earnings and Top Side Entry above
 | Total M's
 | State Taxable Inc.
 | Curr. State Tax |  |  |  | 3% State Rate
 | Diff. In Fed. Tax. Inc.
 | Curr. Tax Difference
 | Def. Tax Difference
 | Total Tax Difference