BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
FINANCIAL STATEMENTS
SEPTEMBER 30, 1997
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
INDEX
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PAGE
Part I Financial Information:
Item I - Financial Statements
Balance Sheet - September 30, 1997 (Unaudited) 3
Statement of Profit & Loss
Period Ended September 30, 1997 (Unaudited) 4
Statement of Cash Flows
Period Ended September 30, 1997 5
Notes to Financial Statements (Unaudited) 6
Item 2 - Management's Discussions and Analysis of
Financial Condition & Results of Operations 7
Part II Other Information:
Item 6 - Exhibits and Reports on Form 8-K 8
Big River Productions Limited Partnership
1501 Broadway - Suite 1904
New York, New York 10036
To the Partners:
We have compiled the accompanying balance sheet of Big River Productions
Limited Partnership as of September 30, 1997, and the related statements of
Profit and Loss and Cash Flows for the nine months then ended, in accordance
with standards establish ed by the American Institute of Certified Public
Accountants.
A compilation is limited to presenting in the form of financial statements
information that is the representation of management. We have not audited or
reviewed the accompanying financial statements and, accordingly, do not express
an opinion or any other form of assurance on them.
Respectfully submitted,
Schall & Ashenfarb,
Certified Public Accountants, P.C.
November 11, 1997
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
BALANCE SHEET
SEPTEMBER 30, 1997
(unaudited)
ASSETS
Current Assets
Cash in Bank $20,118
--------
Total Assets $20,118
========
LIABILITY & PARTNERS CAPITAL
Current Liabilities
Accrued Expenses $ 300
Partners Capital
Partners Capital 19,818
------
Total Liabilities & Partners Capital $20,118
=======
See accountants compilation report.
-3-
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
STATEMENT OF PROFIT & LOSS AND PARTNERS' CAPITAL
FOR THE PERIODS INDICATED BELOW
(unaudited)
3 Months 9 Months 3 Months 9 Months
--------- ----------- --------- ---------
ended 9/30/97 ended 9/30/96
Royalty Income $20,319 65,659 $0 $31,626
Less: Cost & Expenses 722 60,879 400 900
---- ------ --- ---
Net Income before interest 19,597 4,780 (400) 30,726
Interest Income 0 644 557 1,496
--- ---- ---- ----
Net Income 19,597 5,424 157 32,222
Partners Capital -
Beginning of Period 221 59,394 49,621 17,556
Less: Capital Distributions 0 (45,000) 0 0
--- ------- --- ---
Partners Capital -
End of Period $19,818 $19,818 $49,778 $49,778
======== ========= ======== =======
See accountants compilation report.
- -4-
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED SEPTEMBER 30, 1997
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income $5,424
Adjustments: ------
Decrease in accounts payable (5,400)
Total Adjustments ------ (5,400)
-------
Net Cash Provided by Operating Activities 24
Cash Flows From Financing Activities:
Capital Distributions (45,000)
--------
Total Cash Flows From Financing Activities (45,000)
Cash and Cash equivalents at beginning of year 65,094
-------
Cash and cash equivalents on September 30, 1997 $20,118
========
The attached notes are an integral part of the financial statements.
-5-
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 1997
Note 1 - General
---------
The Big River Productions Limited Partnership (the "Company") owns shares in
subsidiary rights of the property Big River, including all live stock and
amateur performances.
Note 2 - Accounting Policies
-------------------
A) The Company uses the accrual method of accounting for royalty income
and related expenses.
B) The Company reports the statement of cash flows in accordance with the
Financial Accounting Standards Board statement No. 95. For purposes of
this statement, all highly liquid securities with a maturity of three
months or less are considere d to be cash equivalents.
Note 3 - Commitments & Contingencies
---------------------------
The Company has no long term leases.
-6-
Item 2
MANAGEMENT'S DISCUSSIONS AND ANALYSIS OF FINANCIAL
--------------------------------------------------
CONDITION AND RESULTS OF OPERATIONS
-----------------------------------
The Company was capitalized by $2,500,000 of partners capital contributions in
1985 for the purpose of producing on Broadway a dramatic - musical play
entitled "Big River". Big River's last Broadway performance was given on
September 30, 1987.
The Company's present source of income is royalties which it receives from
subsidiary rights and other licensing agreements. Royalties earned in the
quarter ended September 30, 1997 were $20,319.
-7-
EXHIBITS AND REPORTS ON FORM 8-K
A. No exhibits are required to be filed with this report.
B. No reports on Form 8-K were filed during the quarter for which this
report is filed.
-8-
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