Trent Radio Balance Sheet 30 Jun,1995 CURRENT ASSETS Cash In Bank 5,267.75 Petty Cash: Programming 50.00 Petty Cash: Admin (33.02) Term Deposits 0.00 Accounts Receivable 1,968.91 Doubtful Accounts 0.00 Receivables Net 1,968.91 Student Levy Receivable 0.00 Prepaid Expenses 307.87 TOTAL CURRENT ASSETS 7,561.51 FIXED ASSETS Land 10,000.00 Buildings 91,174.76 Office Equipment 15,487.12 Technical Equipment 66,389.41 Technical Renovations 0.00 Accumulated Depreciation (99,007.18) Net Equip & Buildings 74,044.11 TOTAL FIXED ASSETS 84,044.11 TOTAL ASSETS 91,605.62 CURRENT LIABILITIES Accounts Payable (200.53) Deferred Income 0.00 Accrued Liabilities 0.00 Receiver General Net 0.00 Other Witholdings Net 0.00 TOTAL CURRENT LIABILITIES (200.53) LONG TERM LIABILITY National Trust 27,212.66 TOT. LONG TERM LIABILITY 27,212.66 TOTAL LIABILITIES 27,012.13 NON-SHARE EQUITY Retained Surplus/(Deficit) 51,240.38 Year-end 1994 Adjustments (8,152.43) Net Retained Surp/(Def) 43,087.95 Current Surplus/(Deficit) 21,505.54 TOTAL NON-SHARE EQUITY 64,593.49 LIABILITIES AND EQUITY 91,605.62 prepared 18 July 95 / jkm Trent Radio Income Statement 1 Sep,1994 TO 30 Jun,1995 REVENUE TOTAL GOVERNMENT GRANTS 11,837.16 Net Donations 120.00 Net Memberships 56,315.00 Net Special Events 81.11 TOTAL FUND RAISING 56,516.11 Net ON AIR Sponsorship 267.24 Net Tape Sales 26.00 Rental Income 4,694.00 Net Misc Sales & Services 350.00 Refunds & Discounts Given 0.00 TOTAL EARNED REVENUE 5,337.24 Interest Income 514.18 Discounts Taken 0.00 Micellaneous Revenue 0.00 TOTAL MISC REVENUE 514.18 TOTAL REVENUE 74,204.69 EXPENSE Programming Wage 14,155.00 Technical Wage 0.00 Publicity Wage 0.00 Administrative Wage 16,345.78 Benefits 2,123.93 Total Wages & Benefits 32,624.71 Programming Fees 3,789.71 Technical Fees 0.00 Publicity Fees 0.00 Administrative Fees 1,330.00 Total Fees 5,119.71 TOTAL PERSONNEL 37,744.42 Publicity & Promotions 193.70 Equipment Rental 0.00 Line Rental 1,519.81 Rental Other 0.00 Net Rentals 1,519.81 Postage & Delivery 94.62 Office Supplies 570.82 Telephone 1,635.71 Utilities 1,927.00 Programming & Licence 1,809.82 Building R & M 835.88 Building R & M Upper Apt 77.50 Technical R & M 1,267.14 Net Repair & Maintenance 2,180.52 Professional Fees 0.00 Insurance 1,683.72 Travel 175.00 Entertainment 75.13 Bank Charges 244.98 CIBC Loan Interest 0.00 Mortgage Interest & Chrgs 2,340.60 Net Interest 2,340.60 Depreciation 0.00 GST Paid 727.17 Bad Debts 0.00 Miscellaneous (223.87) TOTAL SUPPLY & EXPENSE 14,954.73 TOTAL EXPENSE 52,699.15 INCOME 21,505.54 prepared 18 July 95 / jkm