International Airline Support Group Inc – ‘10-K’ for 5/31/01 – EX-99

On:  Wednesday, 8/29/01   ·   For:  5/31/01   ·   Accession #:  859307-1-500010   ·   File #:  1-12893

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        10K Iasg                                              54    296K 
 5: EX-10       Employment Murnane                                    11±    50K 
 2: EX-10       Empolyment Dyer                                       11±    51K 
 4: EX-99       Auditor Consent                                        1      5K 
 3: EX-99       Miscellaneous Exhibit -- schedule2                     2      9K 

EX-99   —   Miscellaneous Exhibit — schedule2

EX-99
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      International Airline Support Group, Inc. and Subsidiaries

                     SCHEDULE II
                   VALUATION AND QUALIFYING ACCOUNTS

                   Years Ended May 31, 1998, 1999 and 2000

                                                        [Enlarge/Download Table]

       COLUMN A                                              COLUMN B       COLUMN C       COLUMN D        COLUMN E  
       --------                                              --------       --------       --------        --------  
                                                                            Additions                                
                                                                            ----------                               
                                                             Balance at     Charged to                     Balance at
                                                             Beginning       Costs and                      End of   
       Description                                            of Period      Expenses      Deductions       Period   
       -----------                                           ----------     ----------    ------------     ----------
                                                                                                                     
Year ended May 31, 1999                                                                                              
-----------------------                                                                                              
   Reserves deducted from assets to which they apply:                                                                

    Allowance for possible losses on accounts receivable  $   514,000    $         -    $   171,580(a)  $   342,420  
                                                          ===========    ===========    ===========     ===========  
    Inventory obsolescence reserve                        $   963,564    $   376,000    $         -     $ 1,339,564  
                                                          ===========    ===========    ===========     ===========  
Year ended May 31, 2000                                                                                              
-----------------------                                                                                              
   Reserves deducted from assets to which they apply:                                                                

    Allowance for possible losses on accounts receivable  $   342,420    $   172,893    $   342,591(a)  $   172,722  
                                                          ===========    ===========    ===========     ===========  

    Inventory obsolescence reserve                        $ 1,339,564    $   107,518    $        -      $ 1,447,082  
                                                          ===========    ===========    ===========     ===========  
Year ended May 31, 2001                                                                                              
-----------------------                                                                                              
   Reserves deducted from assets to which they apply:                                                                

    Allowance for possible losses on accounts receivable  $   172,722    $   202,169    $    73,467(a)  $   301,424  
                                                          ===========    ===========    ===========     ===========  

    Inventory obsolescence reserve                        $ 1,447,082    $   143,920    $        -      $ 1,591,002  
                                                          ===========    ===========    ===========     ===========  

(a) Write-off of accounts receivable against the reserve.                       

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EX-99
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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘10-K’ Filing		Date		First		Last			Other Filings
Filed on:		8/29/01
For Period End:		5/31/01		1
		5/31/00		1					10-K,  10-K/A
		5/31/99		1					10-K
		5/31/98		1					10-K,  5
									List all Filings