<PAGE>
FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Mark One)
[x] Quarterly report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the quarterly period ended September 30, 1996.
------------------
[ ] Transition report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the transition period from ____________to ____________.
Commission File Number 0-20944
Jones Programming Partners 2-A, Ltd.
- --------------------------------------------------------------------------------
Exact name of registrant as specified in charter
Colorado #84-1088819
- --------------------------------------------------------------------------------
State of organization I.R.S. employer I.D.#
9697 East Mineral Avenue, P.O. Box 3309, Englewood, Colorado 80155-3309
------------------------------------------------------------------------
Address of principal executive office
(303) 792-3111
-----------------------------
Registrant's telephone number
Indicate by check mark whether the registrant (l) has filed all reports required
to be filed by Section l3 or l5(d) of the Securities Exchange Act of l934 during
the preceding l2 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No _______
-----
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JONES PROGRAMMING PARTNERS 2-A, LTD.
------------------------------------
(A Limited Partnership)
INDEX
-----
Page
Number
------
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Unaudited Statements of Financial Position as of
September 30, 1996 and December 31, 1995 3
Unaudited Statements of Operations for the
Three and Nine Months Ended September 30, 1996 and 1995 4
Unaudited Statements of Cash Flows for the
Nine Months Ended September 30, 1996 and 1995 5
Notes to Unaudited Financial Statements as of
September 30, 1996 6-7
Item 2. Management's Discussion and Analysis of
Financial Condition and Results of Operations 8-11
PART II. OTHER INFORMATION 12
2
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JONES PROGRAMMING PARTNERS 2-A, LTD.
------------------------------------
(A Limited Partnership)
UNAUDITED STATEMENTS OF FINANCIAL POSITION
------------------------------------------
<TABLE>
<CAPTION>
September 30, December 31,
ASSETS 1996 1995
------ ------------- ------------
<S> <C> <C>
CASH AND CASH EQUIVALENTS $ 650,233 $ 377,368
ACCOUNTS RECEIVABLE 17,012 60,604
INVESTMENT IN AND ADVANCES FOR FILM PRODUCTION,
net of accumulated amortization of $2,776,985 and $2,610,165
as of September 30, 1996 and December 31, 1995, respectively 1,254,266 1,421,086
NOTE RECEIVABLE FROM GENERAL PARTNER,
net of unamortized discount of $24,332 and $79,735 as of September 30,
1996 and December 31, 1995, respectively 364,834 809,431
OTHER ASSETS 5,702 1,666
----------- -----------
Total assets $ 2,292,047 $ 2,670,155
=========== ===========
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
-------------------------------------------
LIABILITIES:
Accounts payable to affiliates $ 19,449 $ 2,446
Accrued distributions to partners 141,781 141,781
Accrued liabilities 5,508 6,000
----------- -----------
Total liabilities 166,738 150,227
----------- -----------
PARTNERS' CAPITAL (DEFICIT):
General partner-
Contributed capital 1,000 1,000
Distributions (23,342) (19,088)
Accumulated deficit (3,655) (3,962)
----------- -----------
Total general partner's deficit (25,997) (22,050)
----------- -----------
Limited partners -
Contributed capital, net of offering costs (11,229 units outstanding
as of September 30, 1996 and December 31, 1995) 4,823,980 4,823,980
Distributions (2,310,786) (1,889,697)
Accumulated deficit (361,888) (392,305)
----------- -----------
Total limited partners' capital 2,151,306 2,541,978
----------- -----------
Total partners' capital 2,125,309 2,519,928
----------- -----------
Total liabilities and partners' capital $ 2,292,047 $ 2,670,155
=========== ===========
</TABLE>
The accompanying notes to the unaudited financial statements
are an integral part of these unaudited financial statements.
3
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JONES PROGRAMMING PARTNERS 2-A, LTD.
------------------------------------
(A Limited Partnership)
UNAUDITED STATEMENTS OF OPERATIONS
----------------------------------
<TABLE>
<CAPTION>
For the Three Months Ended For the Nine Months Ended
September 30, September 30,
--------------------------- -------------------------
1996 1995 1996 1995
------------- ---------- ---------- -----------
<S> <C> <C> <C> <C>
GROSS REVENUES $ 39,445 $ 79,490 $200,526 $ 182,038
COSTS AND EXPENSES:
Costs of filmed entertainment 35,192 72,587 166,820 166,125
Distribution fees and expenses 18,367 39,725 52,439 90,650
Loss on sale of film production - - - 122,860
Operating, general and administrative expenses 7,243 6,824 21,054 22,023
-------- -------- -------- ---------
Total costs and expenses 60,802 119,136 240,313 401,658
-------- -------- -------- ---------
OPERATING LOSS (21,357) (39,646) (39,787) (219,620)
-------- -------- -------- ---------
OTHER INCOME:
Interest income 18,511 26,629 70,511 30,476
-------- -------- -------- ---------
Total other income 18,511 26,629 70,511 30,476
-------- -------- -------- ---------
NET INCOME (LOSS) $ (2,846) $(13,017) $ 30,724 $(189,144)
======== ======== ======== =========
ALLOCATION OF NET INCOME (LOSS):
General partner $ (29) $ (130) $ 307 $ (1,891)
======== ======== ======== =========
Limited partners $ (2,817) $(12,887) $ 30,417 $(187,253)
======== ======== ======== =========
NET INCOME (LOSS) PER LIMITED
PARTNERSHIP UNIT $ (.25) $ (1.15) $ 2.71 $(16.68)
======== ======== ======== =========
WEIGHTED AVERAGE NUMBER OF LIMITED
PARTNERSHIP UNITS OUTSTANDING 11,229 11,229 11,229 11,229
======== ======== ======== =========
</TABLE>
The accompanying notes to the unaudited financial statements
are an integral part of these unaudited financial statements.
4
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JONES PROGRAMMING PARTNERS 2-A, LTD.
-------------------------------------
(A Limited Partnership)
UNAUDITED STATEMENTS OF CASH FLOWS
----------------------------------
<TABLE>
<CAPTION>
For the Nine Months Ended
September 30,
-------------------------
1996 1995
---------- ----------
<S> <C> <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) $ 30,724 $(189,144)
Adjustments to reconcile net income (loss) to net
cash provided by operating activities:
Amortization of filmed entertainment costs 166,820 166,125
Loss on sale of film production - 122,860
Amortization of discount on notes receivable (55,403) (21,267)
Net change in assets and liabilities:
Decrease in accounts receivable 43,592 174,363
Increase in other assets (4,036) -
Increase (decrease) in accrued liabilities (492) 2,487
Increase in accounts payable to affiliates 17,003 -
--------- ---------
Net cash provided by operating activities 198,208 255,424
--------- ---------
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from payment of note receivable from General Partner 500,000 -
Proceeds from sale of film production - 500,000
Net decrease in production advances - 7,181
--------- ---------
Net cash provided by investing activities 500,000 507,181
--------- ---------
CASH FLOWS FROM FINANCING ACTIVITIES:
Distributions to partners (425,343) (425,343)
--------- ---------
Net cash used in financing activities (425,343) (425,343)
--------- ---------
INCREASE IN CASH AND CASH EQUIVALENTS 272,865 337,262
CASH AND CASH EQUIVALENTS, beginning of period 377,368 160,888
--------- ---------
CASH AND CASH EQUIVALENTS, end of period $ 650,233 $ 498,150
========= =========
SUPPLEMENTAL SCHEDULE OF NON-CASH ACTIVITIES:
Note receivable from sale of film production,
net of unamortized discount $ - $ 787,573
========= =========
</TABLE>
The accompanying notes to the unaudited financial statements
are an integral part of these unaudited financial statements.
5
<PAGE>
JONES PROGRAMMING PARTNERS 2-A, LTD.
------------------------------------
(A Limited Partnership)
NOTES TO UNAUDITED FINANCIAL STATEMENTS
---------------------------------------
(1) BASIS OF PRESENTATION
---------------------
This Form 10-Q is being filed in conformity with the SEC requirements for
unaudited financial statements and does not contain all of the necessary
footnote disclosures required for a fair presentation of the Statements of
Financial Position and Statements of Operations and Cash Flows in conformity
with generally accepted accounting principles. However, in the opinion of
management, this data includes all adjustments, consisting only of normal
recurring accruals, necessary to present fairly the financial position of
Jones Programming Partners 2-A, Ltd. (the "Partnership") as of September 30,
1996 and December 31, 1995 and its results of operations and its cash flows
for the three and nine month periods ended September 30, 1996 and 1995.
Results of operations for these periods are not necessarily indicative of
results to be expected for the full year.
(2) TRANSACTIONS WITH AFFILIATED ENTITIES
-------------------------------------
The General Partner is entitled to reimbursement from the Partnership for
its direct and indirect expenses allocable to the operations of the
Partnership, which shall include, but not be limited to, rent, supplies,
telephone, travel, legal expenses, accounting expenses, preparation and
distribution of reports to investors and salaries of any full or part-time
employees. Generally, the General Partner has historically contracted with
several unaffiliated parties to facilitate distribution of the Partnership's
films. Accordingly, the General Partner has minimal direct involvement in
the distribution of the Partnership's films, which represents substantially
all of the operating activities of the Partnership. As a result, no portion
of the General Partner's indirect operating costs incurred on behalf of the
Partnership are charged to the Partnership as such costs are immaterial. The
Partnership was charged $1,498 and $3,317 for direct expenses for the three
month periods ended September 30, 1996 and 1995, respectively. For the nine
month periods ended September 30, 1996 and 1995, $10,642 and $8,781,
respectively, were charged to the Partnership for direct expenses.
(3) INVESTMENT IN AND ADVANCES FOR FILM PRODUCTION
----------------------------------------------
"Charlton Heston Presents: The Bible"
------------------------------------
In May 1992, the General Partner, on behalf of the Partnership, entered into
an agreement with Agamemnon Films, an unaffiliated party, to produce four
one-hour programs for television, entitled "Charlton Heston Presents: The
Bible" (the "Bible Programs"). The production costs of the Bible Programs
were approximately $2,130,000. In addition, the Partnership paid a $240,000
production and overhead fee to the General Partner. In return for agreeing
to fund these production costs, the Partnership acquired all rights to the
Bible Programs in all markets and in all media in perpetuity. The
Partnership subsequently assigned half of its ownership of the Bible
Programs to an unaffiliated party for an investment of $1,000,000 toward the
production costs for the Bible Programs. After consideration of the
reimbursement, the Partnership's total investment in the Bible Programs is
$1,369,764 and its net investment, after consideration of amortization, was
$284,176 as of September 30, 1996. From inception to September 30, 1996, the
Partnership had recognized $1,188,805 of gross revenue from this film, of
which $478,361 was retained by the distributors of the film for their fees
and marketing costs. Of the remaining $710,444, the Partnership had received
$693,432 as of September 30, 1996, and the remaining $17,012 was received in
October 1996.
"The Whipping Boy"
----------------
In August 1993, the Partnership acquired the film rights to the Newbury
Award-winning book "The Whipping Boy." "The Whipping Boy" was produced as a
two-hour telefilm which premiered in the North American television market on
The Disney Channel. The film's final cost was approximately $4,100,000. As
of September 30, 1996, the Partnership had invested $2,661,487 in the film,
which included a $468,000 production and
6
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overhead fee paid to the General Partner. The film was co-produced by the
General Partner and Gemini Films, a German company. The completed picture was
delivered to The Disney Channel in the second quarter of 1994. The Partnership's
net investment in the film, after consideration of amortization, was $970,090 as
of September 30, 1996. From inception to September 30, 1996, the Partnership has
recognized $2,218,612 of gross revenue from this film, of which $2,100,000
represents the initial license fee from The Disney Channel that was used to
finance the film's production. Of the remaining $118,612, $8,325 has been
retained by the distributors of the film for their fees and marketing costs and
$110,287 had been received by the Partnership as of September 30, 1996.
7
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JONES PROGRAMMING PARTNERS 2-A, LTD.
------------------------------------
(A Limited Partnership)
MANAGEMENT'S DISCUSSION AND ANALYSIS OF
---------------------------------------
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
---------------------------------------------
FINANCIAL CONDITION
-------------------
Liquidity and Capital Resources
- -------------------------------
The Partnership's principal sources of liquidity are cash on hand, amounts to be
received from the General Partner in payment of the promissory notes discussed
below and amounts received from the domestic and international distribution of
the Partnership's programming. As of September 30, 1996, the Partnership had
$650,233 in cash. It is not anticipated that the Partnership will invest in any
additional programming projects, but instead will focus on the distribution of
its existing programming. The Partnership had outstanding amounts receivable
totaling $17,012 as of September 30, 1996. These amounts were received by the
Partnership in October 1996.
On June 30, 1995, the Partnership sold its interest in the film "Household
Saints" to the General Partner for $1,389,166. The purchase price was paid
$500,000 in cash at closing, $500,000 in the form of a non-interest bearing
promissory note which was paid in full on June 30, 1996 and $389,166 in the form
of a non-interest bearing promissory note payable in full 24 months from the
closing date. The sale proceeds from "Household Saints" will contribute to the
liquidity and capital resources of the Partnership, helping enable the
Partnership to fund its operating needs and future distributions to the limited
partners.
For the nine months ended September 30, 1996, the Partnership declared
distributions to partners totaling $425,343, of which $141,781 was paid in May
1996 and $141,781 in August 1996, with the remaining $141,781 to be paid in
November 1996. These distributions will be made using cash on hand, interest
income and cash provided by operating activities. Distributions are expected to
continue, although no determination has been made regarding any specific level
of distributions.
The General Partner believes that the Partnership has, and will continue to
have, sufficient liquidity to fund its operations and to meet its obligations.
Cash flow from operating activities will be generated primarily from the
Partnership's programming projects as follows:
"Charlton Heston Presents: The Bible"
------------------------------------
In 1992, the General Partner, on behalf of the Partnership, entered into an
agreement with Agamemnon Films, an unaffiliated party, to produce four one-hour
programs for television, entitled "Charlton Heston Presents: The Bible" (the
"Bible Programs") for Arts and Entertainment Network ("A&E"). The production
costs of the Bible Programs were approximately $2,370,000, which included a
$240,000 production and overhead fee to the General Partner. In return for
agreeing to fund these production costs, the Partnership acquired all rights to
the Bible Programs in all markets and in all media in perpetuity.
In order to reduce the Partnership's financial exposure, the General Partner, on
behalf of the Partnership, assigned one-half of the Partnership's interest in
the Bible Programs to GoodTimes Home Video Corporation ("GoodTimes"), an
unaffiliated entity directly involved in the specialty home video and
international television distribution business, for an investment by GoodTimes
of $1,000,000. The Partnership and GoodTimes funded Jones Documentary Film
Corporation ("JDFC"), which in turn contracted with Agamemnon Films for the
production of the Bible Programs. JDFC was formed to insulate the Partnership
and GoodTimes from certain risks and potential liabilities associated with the
production of programming in foreign countries because the Bible Programs were
filmed on location in the Holy Lands.
The Partnership and JDFC granted the General Partner the exclusive rights to
distribute the Bible Programs. To accomplish this, the General Partner, on its
own behalf, and GoodTimes entered into an agreement to form J/G Distribution
Company to distribute the Bible Programs. J/G Distribution Company was formed
in June 1992 and the Partnership granted it the sole and exclusive right to
exhibit and distribute, and to license others to exhibit and distribute,
8
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the Bible Programs in all markets, all languages, and all media in perpetuity.
J/G Distribution Company holds the copyright for the benefit of the Partnership
(50 percent interest) and GoodTimes (50 percent interest). J/G Distribution
Company is currently distributing the Bible Programs in the retail home video
market. As of September 30, 1996, gross sales made by J/G Distribution Company
totaled $1,877,442, of which $938,721 was retained by J/G Distribution Company
for its fees and marketing costs, with the remaining $938,721 belonging 50
percent to the Partnership and 50 percent to Good Times. Additionally, $250,000
was received directly by the Partnership as its share of the initial license fee
from A&E. As of September 30, 1996, the Partnership had received $452,349 from
J/G Distribution and the $250,000 from A&E. The remaining $17,012 due from J/G
Distribution was received in October 1996.
In 1994, J/G Distribution Company, an affiliate of the General Partner, and
Jones Interactive, Inc. ("JII"), also an affiliate of the General Partner,
entered into an agreement to produce a CD-ROM version of the Bible Programs. No
Partnership funds have been or will be utilized in the production of the CD-ROM
version; however, after production costs, distribution fees and costs associated
with distribution are recovered, five percent of net revenues (as defined in the
agreement) will flow to the Partnership. Revenue proceeds to be received by the
Partnership under this agreement, if any, are not anticipated to be significant.
The production was done on two separate discs, one for the New Testament, which
was completed in the third quarter of 1995, and a second disc for the Old
Testament, which was completed in the first quarter of 1996. The CD-ROM version
is being distributed in the United States, Canada and the United Kingdom by
affiliates of J/G Distribution Company.
The Partnership plans to recover its remaining net investment in the Bible
Programs of $284,176 from net revenues generated from domestic and international
home video markets.
"The Whipping Boy"
----------------
In August 1993, the Partnership acquired the film rights to the Newbury Award-
winning book "The Whipping Boy." The project was co-developed by the
Partnership and The Disney Channel and produced by the General Partner and
German and French co-production partners. The completed telefilm was delivered
to The Disney Channel in the second quarter of 1994 and premiered in the North
American television market in July 1994. As of September 30, 1996, the
Partnership had invested $2,661,487 in the film, which included a $468,000
production and overhead fee payable to the General Partner. The Partnership has
received approximately $2,100,000 from The Disney Channel for licensing certain
rights to the film to The Disney Channel.
The Partnership was responsible for approximately one-half of the $4,100,000
production cost, with the balance of the production budget funded by Gemini
Films and other co-production partners and/or territorial advances from the
film's international distributors. The amount contributed to the production
budget by the Partnership was partially reimbursed by the license advances
totaling $2,100,000 received from the Disney Channel.
Gemini Films will have, in perpetuity, the copyright and all exploitation rights
to the film in German language territories (defined as Germany, Austria, German-
speaking Switzerland and German-speaking Luxembourg). Although these
exploitation rights will remain the sole property of Gemini Films, Gemini Films
will account to the Partnership for any revenue therefrom.
The Partnership will own the worldwide copyright, excluding German language
territories, in perpetuity. Although the Partnership will own all exploitation
rights in all media in North America, which is defined as the United States,
Canada and their respective territories and possessions, the Partnership will
account to Gemini Films for any revenue generated therefrom.
From the movie's North American revenues, the Partnership will first be entitled
to recover its investment plus interest. Thereafter, the Partnership will
receive 90 percent of all North American revenues and Gemini Films will receive
10 percent of such revenues. With respect to international revenues from the
movie's distribution, after Gemini Films recovers $250,000 of its investment in
the movie's production budget, any funded overages and interest out of net
international revenues, the Partnership will receive 20 percent of net
international revenues and Gemini Films will receive 80 percent.
In March 1995, the General Partner, on behalf of the Partnership, entered into
an agreement with an unaffiliated party granting rights to distribute "The
Whipping Boy" in the non-theatrical domestic markets. Non-theatrical markets
include 16mm sales and rentals, in-flight, oil rigs, ships at sea, military
installations, libraries, restaurants, hotels, motels or other
9
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institutional or commercial enterprises. As of September 30, 1996, gross sales
made under this agreement totaled $33,298, of which $8,325 was retained by the
distributor for its fees and the remaining $24,973 was remitted to the
Partnership.
In May 1995, the General Partner, on behalf of the Partnership, entered into a
distribution agreement with an unaffiliated party granting rights to distribute
"The Whipping Boy" in the domestic home video market for a period not to exceed
five years. As of September 30, 1996, net sale proceeds received under this
agreement by the Partnership totaled $84,615.
The General Partner and Gemini Films have selected Canal Plus Distribution as
the company that will distribute and exploit the movie outside of North America.
Canal Plus Distribution will earn distribution fees of 15 percent of the film's
gross receipts outside of North America, and it will be reimbursed for its
expenses capped at 10 percent of the film's gross receipts outside of North
America (excluding dubbing costs). Canal Plus Distribution will be responsible
for accounting and remitting to Gemini Films the net revenues from the film's
distribution in all markets and in all media outside of North America. Gemini
Films will be responsible for forwarding the Partnership's share of such
revenues within 10 days of receipt of such funds from Canal Plus.
The Partnership plans to recover its remaining net investment in this film of
$970,090 primarily from net revenues generated from domestic home video and
television distribution.
RESULTS OF OPERATIONS
---------------------
Revenues of the Partnership decreased $40,045, from $79,490 to $39,445 for the
three months ended September 30, 1995 and 1996, respectively. The decrease in
revenues was primarily related to a decrease in sales of "Charlton Heston
Presents: The Bible" (the "Bible Programs"), which totaled $34,023 for the
three months ended September 30, 1996 as compared to $79,490 for the same period
in 1995. This decrease was partially offset by an increase in the domestic home
video and non-theatrical sales of "The Whipping Boy" from $-0- for the three
months ended September 30, 1995 as compared to $5,422 for the similar period in
1996. Revenues of the Partnership increased $18,488, from $182,038 to $200,526
for the nine months ended September 30, 1995 and 1996, respectively. This
increase was primarily the result of increased domestic home video and non-
theatrical sales of "The Whipping Boy," which totaled $106,681 for the nine
months ended September 30, 1996 as compared to $699 for the similar period in
1995. This increase was partially offset by a decrease of $87,494, from
$181,339 to $93,845 in sales of the "Bible Programs" for the nine months ended
September 30, 1995 and 1996, respectively.
Filmed entertainment costs decreased $37,395, from $72,587 to $35,192 for the
three months ended September 30, 1995 and 1996, respectively. This decrease was
primarily the result of decreased revenues from the "Bible Programs" as
discussed above. Filmed entertainment costs increased $695, from $166,125 to
$166,820 for the nine months ended September 30, 1995 and 1996, respectively.
This increase in filmed entertainment costs was primarily related to increased
international revenues from "The Whipping Boy" as partially offset by decreased
sales of "Bible Programs" as discussed above. Filmed entertainment costs are
amortized over the life of each film in the ratio that current gross revenues
bear to anticipated total gross revenues.
Distribution fees and expenses decreased $21,358, from $39,725 to $18,367 for
the three months ended September 30, 1995 and 1996, respectively. Distribution
fees and expenses decreased $38,211, from $90,650 to $52,439 for the nine months
ended September 30, 1995 and 1996, respectively. These decreases were the
result of decreased home video sales of the "Bible Programs" under the
Partnership's distribution agreement with J/G Distribution Company.
Distribution fees and expenses relate to the compensation due and costs incurred
by unaffiliated parties in selling the Partnership's programming in the domestic
and international markets. The timing and amount of distribution fees and
expenses vary depending upon the individual market in which programming is
distributed.
Loss on sale of film production decreased from $122,860 to $-0- for the nine
months ended September 30, 1995 as compared to the similar period in 1996. This
decrease was the result of the sale of "Household Saints" to the General Partner
on June 30, 1995. The loss resulted from the Partnership's recognition of
imputed interest on two non-interest bearing promissory notes received from the
General Partner as part of the sale agreement.
Operating, general and administrative expenses increased $419, from $6,824 to
$7,243, for the three months ended September 30, 1995 and 1996, respectively.
This increase was due primarily to an increase in audit fees resulting from a
distribution audit performed on behalf of "The Whipping Boy." Operating,
general and administrative expenses decreased
10
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$969, from $22,023 to $21,054 for the nine months ended September 30, 1995 and
1996, respectively. This decrease was due primarily to a decrease in taxes and
fees paid by the Partnership during the nine months ended September 30, 1996 as
compared to the similar period in 1995.
Interest income decreased $8,118, from $26,629 to $18,511 for the three months
ended September 30, 1995 and 1996, respectively. This decrease in interest
income was due primarily to a $500,000 note receivable payment received from the
General Partner in June 1996 relating to the "Household Saints" sale. Interest
income increased $40,035, from $30,476 to $70,511 for the nine months ended
September 30, 1995 and 1996, respectively. This increase in interest income was
due primarily to $55,403 in interest income recognized during 1996 related to
the amortization of the discount on the promissory notes receivable from the
General Partner as part of the June 1995 sale of the film "Household Saints" as
compared to $21,267 in interest income recognized during the nine months ended
September 30, 1995 related to the promissory notes receivable. This increase
was also partially attributable to higher average levels of invested cash
balances existing during the first nine months of 1996 as compared to the
similar period in 1995.
11
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Part II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K.
a) Exhibits
27) Financial Data Schedule
b) Reports on Form 8-K
None
12
<PAGE>
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.
JONES PROGRAMMING PARTNERS 2-A, LTD.
BY: JONES ENTERTAINMENT GROUP, LTD.
General Partner
By: /S/ Jay B. Lewis
-----------------------------
Jay B. Lewis
Principal Financial and
Accounting Officer
Dated: November 13, 1996
13
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> SEP-30-1996
<CASH> 650,233
<SECURITIES> 0
<RECEIVABLES> 17,012
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 2,292,047
<CURRENT-LIABILITIES> 166,738
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 2,125,309
<TOTAL-LIABILITY-AND-EQUITY> 2,292,047
<SALES> 0
<TOTAL-REVENUES> 200,526
<CGS> 0
<TOTAL-COSTS> 240,313
<OTHER-EXPENSES> (70,511)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 30,724
<INCOME-TAX> 0
<INCOME-CONTINUING> 30,724
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 30,724
<EPS-PRIMARY> 2.71
<EPS-DILUTED> 2.71
</TABLE>
