TRENT RADIO Balance Sheet As At 03-03-31 / subject to adjustment & financial review ASSETS LIABILITIES CURRENT ASSETS CURRENT LIABILITIES Entailed Funds #1 0.00 Accounts Payable 1,456.47 Entailed Funds #2 0.00 Contract Obligation 28,462.65 Raffle & Bingo Acct 0.00 Deferred Income 810.00 Boost & Freq Acct 5.93 Accrued Liabilities 50.00 General Funds Montreal 45,961.86 Trillium StudioC 52,400.00 ING Savings 1,000.00 Commission Payable 0.00 Cash In Bank 46,967.79 CPP Payable 0.00 Petty Cash: Programming 0.00 UIC Payable (0.00) Petty Cash: Admin 0.00 Income Tax Withholdings (0.01) Petty Cash: Summer Admin. 0.00 Receiver General Net (0.01) Term Deposits 0.00 Employer Health Tax 0.00 Accounts Receivable 2,263.77 WCB Payable 0.00 Doubtful Accounts 0.00 AFM Payable 0.00 Receivables Net 2,263.77 Health Benefit Payable 855.00 Student Levy Receivable 0.00 Pension Payable 0.00 Prepaid Expenses 609.24 Holiday Payable 0.00 ----------- Other Witholdings Net 855.00 TOTAL CURRENT ASSETS 49,840.80 ----------- TOTAL CURRENT LIABILITIES 84,034.11 FIXED ASSETS Land 10,000.00 LONG TERM LIABILITY Buildings 93,908.34 Victoria & Grey Trust Co 0.00 Office Equipment 20,552.32 Trent U - CTS Department 0.00 Technical Equipment 125,320.55 National Trust 0.00 Technical Renovations 18,546.00 Mbanx Demand Loan 0.00 Fixed Assets at Cost 268,327.21 Deferred Contribution 6,871.00 Accumulated Depreciation *********** ----------- ----------- TOT. LONG TERM LIABILITY 6,871.00 TOTAL FIXED ASSETS 88,978.70 ----------- TOTAL LIABILITIES 90,905.11 OTHER ASSETS =========== Deferred Charges 0.00 NON SHARE EQUITY TOTAL OTHER ASSETS 0.00 Retained Surplus/(Deficit)12,638.89 ----------- Previous Year-end Adjustme 0.00 TOTAL ASSETS 138,819.50 Net Retained Surp/(Def) 12,638.89 =========== Current Surplus/(Deficit) 35,275.50 ----------- TOTAL NON-SHARE EQUITY 47,914.39 =========== LIABILITIES AND EQUITY 138,819.50 =========== TRENT RADIO Income Statement 02-09-01 to 03-03-31 / subject to adjustment & financial review REVENUE EXPENSE GOVERNMENT GRANTS PERSONNEL Federal Grants 0.00 Programming Wage 14,631.75 Provincial Grants 0.00 Technical Wage 0.00 Municipal Grants 0.00 Publicity Wage 0.00 TOTAL GOVERNMENT GRANTS 0.00 Administrative Wage 17,888.40 Benefits 0.00 FUND RAISING CPP Expense 1,338.60 Corporations 0.00 EI Expense 1,001.70 Foundations 0.00 Total Wages & Benefits 34,860.45 Private 1,218.97 Programming Fees 0.00 Leadership 300.20 Technical Fees 250.00 Donations "In Kind" 0.00 Publicity Fees 0.00 Net Donations 1,519.17 Administrative Fees 937.00 Trent Student Memberships 68,206.31 Total Fees 1,187.00 Commercial & Non-profit 75.00 TOTAL PERSONNEL 36,047.45 Individual Memberships 1,000.00 Discretionary M'ship Exp 0.00 SUPPLY & EXPENSE Net Memberships 69,281.31 Publicity & Promotions 0.00 Special Events 893.87 Equipment Rental 102.00 Special Events Expense 0.00 Line Rental 1,233.99 Net Special Events 893.87 Rental Other 200.00 Fundraising 25.40 Net Rentals 1,535.99 Fundraising Expense 0.00 Postage & Delivery 53.15 Net Fundraising 25.40 Office Supplies 364.39 TOTAL FUND RAISING 71,719.75 Telephone 858.46 Utilities 2,924.64 EARNED REVENUE Programming & Licence 691.77 ON AIR Sponsorship 3,350.00 Building R & M 1,565.13 ON AIR Sponsorship Expense 0.00 Building R & M Upper Apt 496.07 Net ON AIR Sponsorship 3,350.00 Technical R & M 2,568.32 RADIO PAPER" Advertising 0.00 Net Repair & Maintenance 4,629.52 RADIO PAPER" Expense 0.00 Professional Fees 0.00 Net "RADIO PAPER" 0.00 Insurance 3,158.78 Net Other Sponsorship 4,200.90 Travel 52.20 Tape Sales 21.00 Volunteer Expense 433.40 Tape Sales Expense 0.00 Bank Charges 75.25 Net Tape Sales 21.00 Mbanx Loan Interest 0.00 Rental Income 4,270.00 Mortgage Interest & Chrgs 0.00 Net Misc Sales & Services 4,028.71 Net Interest 0.00 Refunds & Discounts Given 0.00 Depreciation 0.00 TOTAL EARNED REVENUE 15,870.61 GST Paid 1,498.62 Bad Debts 0.00 MISCELLANEOUS REVENUE Miscellaneous 0.00 Interest Income 8.76 TOTAL SUPPLY & EXPENSE 16,276.17 Discounts Taken 0.00 ----------- Micellaneous Revenue 0.00 TOTAL EXPENSE 52,323.62 Amortisatn Dfrd Contribtns 0.00 ----------- TOTAL MISC REVENUE 8.76 NET INCOME 35,275.50 ----------- =========== TOTAL REVENUE 87,599.12