Trent Radio Balance Sheet As At 01-01-31 (subject to adjustment) ASSETS LIABILITIES CURRENT ASSETS CURRENT LIABILITIES Entailed Funds #1 0.00 Accounts Payable (42.06) Entailed Funds #2 0.00 Contract Obligation 28,000.00 Raffle & Bingo Acct 92.41 Deferred Income 575.00 Boost & Freq Acct 5.93 Accrued Liabilities 200.00 General Funds Montreal 5,787.78 CSIRP/FMOK 0.00 General Funds CIBC 0.00 Commission Payable 0.00 Cash In Bank 5,886.12 CPP Payable 0.00 Petty Cash: Programming 0.04 UIC Payable 0.00 Petty Cash: Admin 132.00 Income Tax Withholdings 0.00 Petty Cash: Summer Admin. 0.00 Receiver General Net 0.00 Term Deposits 0.00 Employer Health Tax 0.00 Accounts Receivable 3,354.41 WCB Payable 0.00 Doubtful Accounts 0.00 AFM Payable 0.00 Receivables Net 3,354.41 Health Benefit Payable 855.00 Student Levy Receivable 21,910.00 Pension Payable 0.00 Prepaid Expenses 583.11 Holiday Payable 0.00 TOTAL CURRENT ASSETS 31,865.68 Other Witholdings Net 855.00 TOTAL CURRENT LIABILITIES 29,587.94 FIXED ASSETS Land 10,000.00 LONG TERM LIABILITY Buildings 93,908.34 Victoria & Grey Trust Co 0.00 Office Equipment 19,716.40 Trent U - CTS Department 0.00 Technical Equipment 92,046.70 National Trust 0.00 Technical Renovations 18,296.00 Mbanx Demand Loan 11,188.18 Fixed Assets at Cost 233,967.44 Deferred Contribution 8,587.00 Accumulated Depreciation (156,817.18) TOT. LONG TERM LIABILITY 19,775.18 TOTAL FIXED ASSETS 77,150.26 ------------ OTHER ASSETS TOTAL LIABILITIES 49,363.12 Deferred Charges 9,917.00 ------------ TOTAL OTHER ASSETS 9,917.00 EQUITY ------------ NON-SHARE EQUITY TOTAL ASSETS 118,932.94 Retained Surplus/(Deficit) 32,130.53 ============ Year-end 1998 Adjustments 0.00 Net Retained Surp/(Def) 32,130.53 Current Surplus/(Deficit) 37,439.29 TOTAL NON-SHARE EQUITY 69,569.82 ------------ TOTAL EQUITY 69,569.82 ------------ LIABILITIES AND EQUITY 118,932.94 ============ prepared 23Feb01 / sjb & jkm Trent Radio Income Statement 00-09-01 to 01-01-31 (subject to adjustment) REVENUE EXPENSE GOVERNMENT GRANTS PERSONNEL Federal Grants 0.00 Programming Wage 9,370.00 Provincial Grants 0.00 Technical Wage 0.00 Municipal Grants 0.00 Publicity Wage 0.00 TOTAL GOVERNMENT GRANTS 0.00 Administrative Wage 11,254.80 Benefits 1,397.98 FUND RAISING Total Wages & Benefits 22,022.78 Corporations 0.00 Programming Fees 1,195.00 Foundations 0.00 Technical Fees 0.00 Private 2,350.00 Publicity Fees 0.00 Leadership 0.00 Administrative Fees 451.00 Donations "In Kind" 0.00 Total Fees 1,646.00 Net Donations 2,350.00 TOTAL PERSONNEL 23,668.78 Trent Student Memberships 55,000.00 Commercial & Non-profit 0.00 SUPPLY & EXPENSE Individual Memberships 940.00 Publicity & Promotions 0.00 Discretionary M'ship Exp 0.00 Equipment Rental 50.00 Net Memberships 55,940.00 Line Rental 99.99 Special Events 696.44 Rental Other 0.00 Special Events Expense 0.00 Net Rentals 149.99 Net Special Events 696.44 Postage & Delivery 256.40 Fundraising 37.00 Office Supplies 67.47 Fundraising Expense 0.00 Telephone 443.80 Net Fundraising 37.00 Utilities 1,834.68 TOTAL FUND RAISING 59,023.44 Programming & Licence 163.29 Building R & M 317.16 EARNED REVENUE Building R & M Upper Apt 387.31 ON AIR Sponsorship 3,465.00 Technical R & M 1,198.82 ON AIR Sponsorship Expense 0.00 Net Repair & Maintenance 1,903.29 Net ON AIR Sponsorship 3,465.00 Professional Fees 0.00 "RADIO PAPER" Advertising 0.00 CROP Equipment 0.00 "RADIO PAPER" Expense 0.00 Insurance 2,305.38 Net "RADIO PAPER" 0.00 Travel 0.00 Net Other Sponsorship 4,081.65 Volunteer Expense 388.90 Tape Sales 116.21 Bank Charges 18.00 Tape Sales Expense 0.00 Mbanx Loan Interest 440.00 Net Tape Sales 116.21 Mortgage Interest & Chrgs 395.67 Rental Income 2,875.00 Net Interest 835.67 Net Misc Sales & Services 400.00 Depreciation 0.00 Refunds & Discounts Given 0.00 GST Paid 486.36 TOTAL EARNED REVENUE 10,937.86 Bad Debts 0.00 Miscellaneous 0.00 MISCELLANEOUS REVENUE TOTAL SUPPLY & EXPENSE 8,853.23 Interest Income 0.00 Discounts Taken 0.00 ------------ Micellaneous Revenue 0.00 TOTAL EXPENSE 32,522.01 Amortisatn Dfrd Contribtns 0.00 TOTAL MISC REVENUE 0.00 ------------ NET INCOME 37,439.29 ------------ ============ TOTAL REVENUE 69,961.30 prepared 23Feb01 / sjb & jkm