Trent Radio Balance Sheet As At 01-12-31 (subject to reveiw) ASSETS LIABILITIES CURRENT ASSETS CURRENT LIABILITIES Entailed Funds #1 0.00 Accounts Payable 1,827.48 Entailed Funds #2 0.00 Contract Obligation 31,000.00 Raffle & Bingo Acct 92.65 Deferred Income 600.00 Boost & Freq Acct 5.93 Accrued Liabilities 1,819.00 General Funds Montreal 5,844.78 CSIRP/FMOK 0.00 General Funds CIBC 0.00 Commission Payable 0.00 Cash In Bank 5,943.36 CPP Payable 0.00 Petty Cash: Programming 0.00 UIC Payable 0.00 Petty Cash: Admin (467.84) 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 3,834.94 WCB Payable 0.00 Doubtful Accounts 0.00 AFM Payable 0.00 Receivables Net 3,834.94 Health Benefit Payable 855.00 Student Levy Receivable 1,700.00 Pension Payable 0.00 Prepaid Expenses 312.20 Holiday Payable 0.00 TOTAL CURRENT ASSETS 11,322.66 Other Witholdings Net 855.00 TOTAL CURRENT LIABILITIES 36,101.48 FIXED ASSETS Land 10,000.00 LONG TERM LIABILITY Buildings 93,908.34 Victoria & Grey Trust Co 0.00 Office Equipment 20,134.36 Trent U - CTS Department 0.00 Technical Equipment 96,978.27 National Trust 0.00 Technical Renovations 18,296.00 Mbanx Demand Loan 0.00 Fixed Assets at Cost 239,316.97 Deferred Contribution 8,587.00 Accumulated Depreciation (156,817.18) TOT. LONG TERM LIABILITY 8,587.00 ------------ TOTAL FIXED ASSETS 82,499.79 TOTAL LIABILITIES 44,688.48 OTHER ASSETS ----------- Deferred Charges 9,917.00 EQUITY TOTAL OTHER ASSETS 9,917.00 NON-SHARE EQUITY Retained Surplus/(Deficit) 41,086.81 TOTAL ASSETS 103,739.45 Previous Year-end Adjustmen 0.00 ============ Net Retained Surp/(Def) 41,086.81 Current Surplus/(Deficit) 17,964.16 TOTAL NON-SHARE EQUITY 59,050.97 ----------- TOTAL EQUITY 59,050.97 ----------- LIABILITIES AND EQUITY 103,739.45 ============ Trent Radio Income Statement 01-09-01 to 01-12-31 (subject to review) REVENUE EXPENSE GOVERNMENT GRANTS PERSONNEL Federal Grants 0.00 Programming Wage 7,704.00 Provincial Grants 0.00 Technical Wage 0.00 Municipal Grants 0.00 Publicity Wage 0.00 TOTAL GOVERNMENT GRANTS 0.00 Administrative Wage 9,418.00 Benefits 1,183.04 FUND RAISING Total Wages & Benefits 18,305.04 Corporations 0.00 Programming Fees 250.00 Foundations 0.00 Technical Fees 0.00 Private 1,045.00 Publicity Fees 0.00 Leadership 0.00 Administrative Fees 1,130.00 Donations "In Kind" 0.00 Total Fees 1,380.00 Net Donations 1,045.00 TOTAL PERSONNEL 19,685.04 Trent Student Memberships 37,000.00 Commercial & Non-profit 0.00 SUPPLY & EXPENSE Individual Memberships 940.00 Publicity & Promotions 28.25 Discretionary M'ship Exp 0.00 Equipment Rental 300.00 Net Memberships 37,940.00 Line Rental 557.20 Special Events 459.71 Rental Other 27.00 Special Events Expense 0.00 Net Rentals 884.20 Net Special Events 459.71 Postage & Delivery 96.52 Fundraising 2.00 Office Supplies 270.94 Fundraising Expense 0.00 Telephone 453.37 Net Fundraising 2.00 Utilities 1,683.26 TOTAL FUND RAISING 39,446.71 Programming & Licence 397.15 Building R & M 149.69 EARNED REVENUE Building R & M Upper Apt 282.83 ON AIR Sponsorship 2,100.00 Technical R & M 2,043.59 ON AIR Sponsorship Expense 0.00 Net Repair & Maintenance 2,476.11 Net ON AIR Sponsorship 2,100.00 Professional Fees 0.00 "RADIO PAPER" Advertising 0.00 Insurance 2,565.81 "RADIO PAPER" Expense 0.00 Travel 0.00 Net "RADIO PAPER" 0.00 Volunteer Expense 456.95 Net Other Sponsorship 3,371.00 Bank Charges 70.36 Tape Sales 32.40 Mbanx Loan Interest 0.00 Tape Sales Expense 0.00 Mortgage Interest & Chrgs 0.00 Net Tape Sales 32.40 Net Interest 0.00 Rental Income 2,400.00 Depreciation 0.00 Net Misc Sales & Services 100.00 GST Paid 433.35 Refunds & Discounts Given 0.00 Bad Debts 0.00 TOTAL EARNED REVENUE 8,003.40 Miscellaneous 0.03 TOTAL SUPPLY & EXPENSE 9,816.30 MISCELLANEOUS REVENUE Interest Income 15.39 Discounts Taken 0.00 TOTAL EXPENSE 29,501.34 Micellaneous Revenue 0.00 ----------- Amortisatn Dfrd Contribtns 0.00 NET INCOME 17,964.16 TOTAL MISC REVENUE 15.39 =========== ------------ TOTAL REVENUE 47,465.50 ------------