BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
FINANCIAL STATEMENTS
SEPTEMBER 30, 1998
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
QUARTERLY REPORT UNDER SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTER ENDED September 30, 1998 COMMISSION FILE# 2-94790-NY
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
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NEW YORK 13-3243107
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(State of other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1501 BROADWAY NEW YORK, NEW YORK 10036
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(Address of principal executive offices) (Zip Code)
Registrants telephone number, including Area Code (212) 575-9710
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Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed under Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the proceeding 12 months and
(2) has been subject to such filing requirements for the past 90 days.
YES X NO
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BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
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INDEX
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PAGE
Part I Financial Information:
Item I - Financial Statements
Balance Sheet - September 30, 1998 (Unaudited) 3
Statement of Profit & Loss
Period Ended September 30, 1998 (Unaudited) 4
Statement of Cash Flows
Period Ended September 30, 1998 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, 1998, and the related statement of
Profit and Loss for the nine months then ended, in accordance with Statements
on Standards for Accounting and Review Services issued 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, 1998
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
BALANCE SHEET
September 30, 1998
(unaudited)
ASSETS
Current Assets
Cash and Money Market Accounts $110,296
----
Total Assets $110,296
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LIABILITY & PARTNERS CAPITAL
Current Liabilities
Accrued Expenses $2,344
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Partners Capital
Partners Capital $107,952
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Total Liabilities & Partners Capital $110,296
====
See accountants compilation report.
-3-
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
STATEMENT OF PROFIT & LOSS AND PARTNERS' CAPITAL
FOR THE PERIODS INDICATED BELOW
<TABLE>
3 Months 9 Months 3 Months 9 Months
Ended 9/30/98 Ended 9/30/98 Ended 9/30/97 Ended 9/30/97
------------ ------------- ------------ -------------
<S> <C> <C> <C> <C>
Royalty Inc. $ 26,518 $98,059 $ 20,319 $65,659
Less: Cost & Exp. (850) (1,847) (722) 60,879
------- ------- ------- -------
Net Inc. Before Int 25,668 96,212 19,597 4,780
Interest Income 0 0 0 644
------- --------- ------- ---------
Net Income/(Loss) 25,668 96,212 19,597 5,424
(14,173)
Part. Cap.-Beginning 82,284 11,740 221 59,394
Capital Dist. 0 0 0 (45,000)
-------- -------- ------- ---------
Part. Cap.-Ending $107,952 $107,952 $ 19,818 $ 19,818
======= ========== ======= ========
</TABLE>
See notes attached
-4-
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED September 30, 1998
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income/(Loss) $96,212
Decrease in Accrued Expenses (4,300)
---------
Net Cash Provided by Operating Activities 91,912
Net Cash Provided by Investing Activities:
Capital Distributions 0
---------
Total Cash Provided by Investing Activities 0
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Net Change in Cash 91,912
Cash and Cash equivalents at beginning of year 18,384
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Cash and cash equivalents on September 30, 1998 $ 110,296
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See notes attached
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BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 1998
Note 1 - General
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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 considered 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, 1998 were $26,518.
-7-
EXHIBITS AND REPORTS ON FORM 8-K
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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-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
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(Registrant)
Date:------------- -----------------
By: Edward Strong
(Officer)
David, Strong, Warner, General Partner
<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 0000759440
<NAME> BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> SEP-30-1998
<CASH> $110296
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> $110296
<CURRENT-LIABILITIES> $2344
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> $107952
<TOTAL-LIABILITY-AND-EQUITY> $110296
<SALES> $ 98059
<TOTAL-REVENUES> $ 98059
<CGS> 0
<TOTAL-COSTS> (1847)
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 96,212
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 96,212
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
