Quebec · NOI

Trustee’s Report Since the Meeting of Creditors Held on August 25, 2004 dated • December 1, 2004

Court officer report · 25 August 2004

AI summary

A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.

What we verified from this filing1 verified

financial positionnote: Table of estimated realization: Initial net proceeds 2,100,000; Collection of balance of sale 3,650,000; Net realization pursuant to sale of interest in GSTZ 339,000; Trade accounts receivable 3,211,000; 2003 provincial income tax refund 450,000; 2004 income tax refund TBD; GST/QST receivable TBD; Glenoit deposit (forfeited) 100,000; Prepaid expenses TBD; Proceeds available before costs and distributions 9,850,000; Remittance to BMO: Estimated operating line (3,000,000), Term loan (6,310,000), total (9,310,000); Estimated net proceeds before post-closing professional fees and costs 540,000. These are forecast/estimated figures, not an audited statement of assets and liabilities. · basis: Estimated realization results (management/trustee estimate; several items TBD) · scope: entity - J.L. de Ball Canada Inc. and subsidiaries Asheville Velour Inc. and GSTZ interest · currency: CAD