TRENT RADIO Balance Sheet As At 31-Dec-99 (subject to adjustment) ASSETS LIABILITIES CURRENT ASSETS CURRENT LIABILITIES Cash In Bank 8,769.80 Accounts Payable 415.89 Petty Cash 265.81 Contract Obligation 20,500.00 Term Deposits (0.00) Deferred Income 0.00 Receivables Net 4,204.68 Accrued Liabilities 1,750.00 Student Levy Receivable 16,872.72 CSIRP/FMOK 665.79 Prepaid Expenses 296.46 Commission Payable 925.00 ------------- Receiver General Net (0.01) TOTAL CURRENT ASSETS 30,409.47 Other Witholdings Net 855.00 ------------- FIXED ASSETS TOTAL CURRENT LIABILITIES 25,111.67 Land 10,000.00 Buildings 93,908.34 LONG TERM LIABILITY Office Equipment 19,716.40 Trent U - CTS Department (2,331.60) Technical Equipment 88,820.44 National Trust (Scotia) 11,546.05 Technical Renovations 18,296.00 Mbanx Demand Loan 10,501.76 ------------- Deferred Contribution 9,445.00 Fixed Assets at Cost 230,741.18 ------------- Accumulated Depreciation (145,722.47) TOT. LONG TERM LIABILITY 29,161.21 ------------- TOTAL FIXED ASSETS 85,018.71 ------------- TOTAL LIABILITIES 54,272.88 OTHER ASSETS ------------- Deferred Charges 11,667.00 EQUITY ------------- NON-SHARE EQUITY TOTAL OTHER ASSETS 11,667.00 Retained Surplus/(Deficit) 41,426.15 Current Surplus/(Deficit) 31,396.15 ------------- TOTAL NON-SHARE EQUITY 72,822.30 TOTAL ASSETS 127,095.18 ------------- ============= TOTAL EQUITY 72,822.30 ------------- LIABILITIES AND EQUITY 127,095.18 ============= TRENT RADIO Income Statement 99-09-01 to 99-12-31 (subject to adjustment) REVENUE EXPENSE GOVERNMENT GRANTS PERSONNEL Federal Grants 0.00 Programming Wage 8,342.28 Provincial Grants 0.00 Technical Wage 0.00 Municipal Grants 0.00 Publicity Wage 0.00 TOTAL GOVERNMENT GRANTS 0.00 Administrative Wage 11,539.70 Benefits 1,313.97 FUND RAISING Total Wages & Benefits 21,195.95 Corporations 0.00 Programming Fees 450.00 Foundations 0.00 Technical Fees 0.00 Private 250.00 Publicity Fees 0.00 Leadership 650.00 Administrative Fees 375.00 Donations "In Kind" 0.00 Total Fees 825.00 Net Donations 900.00 TOTAL PERSONNEL 22,020.95 Trent Student Memberships 56,000.00 Commercial & Non-profit 75.00 SUPPLY & EXPENSE Individual Memberships 920.00 Publicity & Promotions 150.00 Discretionary M'ship Exp 0.00 Equipment Rental 0.00 Net Memberships 56,995.00 Line Rental 311.70 Special Events 1,032.30 Rental Other 360.00 Special Events Expense 0.00 Net Rentals 671.70 Net Special Events 1,032.30 Postage & Delivery 165.37 Fundraising 360.77 Office Supplies 209.22 Fundraising Expense (520.41) Telephone 410.55 Net Fundraising (159.64) Utilities 1,461.11 TOTAL FUND RAISING 58,767.66 Programming & Licence 141.35 Building R & M 1,444.08 EARNED REVENUE Building R & M Upper Apt 265.41 ON AIR Sponsorship 150.00 Technical R & M 884.74 ON AIR Sponsorship Expense 0.00 Net Repair & Maintenance 2,594.23 Net ON AIR Sponsorship 150.00 Professional Fees 0.00 "RADIO PAPER" Advertising 0.00 CROP Equipment 0.00 "RADIO PAPER" Expense 0.00 Insurance 2,521.38 Net "RADIO PAPER" 0.00 Travel 115.00 Net Other Sponsorship 3,097.17 Volunteer Expense 329.61 Tape Sales 79.75 Bank Charges 150.67 Tape Sales Expense 0.00 Mbanx Loan Interest 1,672.00 Net Tape Sales 79.75 Mortgage Interest & Chrgs 384.18 Rental Income 2,300.00 Net Interest 2,056.18 Net Misc Sales & Services 935.31 Depreciation 0.00 Refunds & Discounts Given 0.00 GST Paid 507.35 TOTAL EARNED REVENUE 6,562.23 Bad Debts 0.00 Miscellaneous 455.22 MISCELLANEOUS REVENUE TOTAL SUPPLY & EXPENSE 11,938.94 Interest Income 26.15 ----------- Discounts Taken 0.00 TOTAL EXPENSE 33,959.89 Micellaneous Revenue 0.00 ----------- Amortisatn Dfrd Contribtns 0.00 NET SURPLUS/DEFICIT 31,396.15 TOTAL MISC REVENUE 26.15 =========== ----------- TOTAL REVENUE 65,356.04 -----------