Trent Radio Balance Sheet as at 31-Mar-02 (Reconciled. Subject to Yearend Review.) 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 3.00 General Funds Montreal 1,856.70 CSIRP/FMOK 0.00 General Funds CIBC 0.00 Commission Payable 0.00 Cash In Bank 1,955.28 CPP Payable 0.00 Petty Cash: Programming 0.00 UIC Payable 0.00 Petty Cash: Admin 0.00 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 4,213.05 WCB Payable 0.00 Doubtful Accounts 0.00 AFM Payable 0.00 Receivables Net 4,213.05 Health Benefit Payable 855.00 Student Levy Receivable 1,700.00 Pension Payable 0.00 Prepaid Expenses 523.22 Holiday Payable 0.00 ------------ Other Witholdings Net 855.00 TOTAL CURRENT ASSETS 8,391.55 ------------ TOTAL CURRENT LIABILITIES 34,285.48 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 97,961.07 National Trust 0.00 Technical Renovations 18,296.00 Mbanx Demand Loan 0.00 Fixed Assets at Cost 240,299.77 Deferred Contribution 8,587.00 Accumulated Depreciation (156,817.18) ------------ ------------ TOT. LONG TERM LIABILITY 8,587.00 TOTAL FIXED ASSETS 83,482.59 ------------ TOTAL LIABILITIES 42,872.48 OTHER ASSETS ============ Deferred Charges 9,917.00 EQUITY ------------ NON-SHARE EQUITY TOTAL ASSETS 101,791.14 Retained Surplus/(Deficit) 41,086.81 ============ Previous Year-end Adjustme 0.00 Net Retained Surp/(Def) 41,086.81 Current Surplus/(Deficit) 17,831.85 ------------ TOTAL NON-SHARE EQUITY 58,918.66 TOTAL EQUITY 58,918.66 ------------ LIABILITIES AND EQUITY 101,791.14 ============ Trent Radio Income Statement 01-Sep-01 to 31-Mar-31 REVENUE EXPENSE GOVERNMENT GRANTS PERSONNEL Federal Grants 0.00 Programming Wage 14,445.00 Provincial Grants 0.00 Technical Wage 0.00 Municipal Grants 0.00 Publicity Wage 0.00 ------------ Administrative Wage 17,659.15 TOTAL GOVERNMENT GRANTS 0.00 Benefits 2,260.06 Total Wages & Benefits 34,364.21 FUND RAISING Programming Fees 500.00 Corporations 0.00 Technical Fees 0.00 Foundations 0.00 Publicity Fees 0.00 Private 1,095.00 Administrative Fees 2,322.50 Leadership 0.00 Total Fees 2,822.50 Donations "In Kind" 0.00 ------------ Net Donations 1,095.00 TOTAL PERSONNEL 37,186.71 Trent Student Memberships 51,976.00 Commercial & Non-profit 0.00 SUPPLY & EXPENSE Individual Memberships 980.00 Publicity & Promotions 28.25 Discretionary M'ship Exp 0.00 Equipment Rental 300.00 Net Memberships 52,956.00 Line Rental 1,149.23 Special Events 459.71 Rental Other 27.00 Special Events Expense 0.00 Net Rentals 1,476.23 Net Special Events 459.71 Postage & Delivery 119.50 Fundraising 2.00 Office Supplies 270.94 Fundraising Expense 0.00 Telephone 806.74 Net Fundraising 2.00 Utilities 2,869.36 ------------ Programming & Licence 814.14 TOTAL FUND RAISING 54,512.71 Building R & M 218.69 Building R & M Upper Apt 296.16 EARNED REVENUE Technical R & M 2,392.36 ON AIR Sponsorship 2,200.00 Net Repair & Maintenance 2,907.21 ON AIR Sponsorship Expense 0.00 Professional Fees 0.00 Net ON AIR Sponsorship 2,200.00 Insurance 2,565.81 "RADIO PAPER" Advertising 0.00 Travel 0.00 "RADIO PAPER" Expense 0.00 Volunteer Expense 456.95 Net "RADIO PAPER" 0.00 Bank Charges 83.86 Net Other Sponsorship 4,808.26 Mbanx Loan Interest 30.29 Tape Sales 32.40 Mortgage Interest & Chrgs 0.00 Tape Sales Expense 0.00 Net Interest 30.29 Net Tape Sales 32.40 Depreciation 0.00 Rental Income 4,200.00 GST Paid 787.61 Net Misc Sales & Services 2,390.11 Bad Debts 0.00 Refunds & Discounts Given 0.00 Miscellaneous 0.03 ------------ ------------ TOTAL EARNED REVENUE 13,630.77 TOTAL SUPPLY & EXPENSE 13,216.92 MISCELLANEOUS REVENUE ------------ Interest Income 17.00 TOTAL EXPENSE 50,403.63 Discounts Taken 0.00 ------------ Micellaneous Revenue 75.00 NET INCOME 17,831.85 Amortisatn Dfrd Contribtns 0.00 ============ ------------ TOTAL MISC REVENUE 92.00 ------------ TOTAL REVENUE 68,235.48