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SEC Filings

424B1
DITECH HOLDING CORP filed this Form 424B1 on 09/16/1997
Entire Document
 
<PAGE>   112
 
                 HANOVER CAPITAL PARTNERS LTD. AND SUBSIDIARIES
 
                CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                   YEARS ENDED DECEMBER 31, 1996 AND 1995 AND
               FOR THE SIX MONTHS ENDED JUNE 30, 1997 (UNAUDITED)
 

<TABLE>
<CAPTION>
                                           COMMON STOCK
                                -----------------------------------
                                    CLASS A            CLASS B        ADDITIONAL
                                ----------------   ----------------    PAID-IN     RETAINED
                                SHARES    AMOUNT   SHARES    AMOUNT    CAPITAL     EARNINGS    TOTAL
                                -------   ------   -------   ------   ----------   --------   --------
<S>                             <C>       <C>      <C>       <C>      <C>          <C>        <C>
BALANCE, DECEMBER 31, 1993....  165.800    $ 1      41.460    $  1    $  165,999   $526,507   $692,508
Net loss......................       --     --          --      --            --    (53,919)   (53,919)
                                -------    ---     -------    ----    ----------   --------   --------
BALANCE, DECEMBER 31, 1994....  165.800      1      41.460       1       165,999    472,588    638,589
  Net income..................       --     --          --      --            --     28,258     28,258
                                -------    ---     -------    ----    ----------   --------   --------
BALANCE, DECEMBER 31, 1995....  165.800      1      41.460       1       165,999    500,846    666,847
  Net income..................       --     --          --      --            --    109,630    109,630
  Distribution of subsidiary
     to stockholders..........       --     --          --      --            --      6,972      6,972
  Stockholders' Exchange
     Agreement:
     Redemption of Class A
       shares.................  (40.836)    --          --      --      (108,559)        --   (108,559)
     Exchange of Class B
       shares for Class A
       shares.................   41.460      1     (41.460)     (1)           --         --         --
                                -------    ---     -------    ----    ----------   --------   --------
BALANCE, DECEMBER 31, 1996....  166.424      2          --      --        57,440    617,448    674,890
  Net income -- six months
     ended June 30, 1997
     (unaudited)..............       --     --          --      --            --     35,269     35,269
                                -------    ---     -------    ----    ----------   --------   --------
BALANCE, JUNE 30, 1997
  (unaudited).................  166.424    $ 2          --    $ --    $   57,440   $652,717   $710,159
                                =======    ===     =======    ====    ==========   ========   ========
</TABLE>

 
                See notes to consolidated financial statements.
 
                                       F-8