FairPoint Communications 2003 Annual Report Download - page 115

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TOTAL ASSETS $8,260,492 $6,830,939
2
ILLINOIS VALLEY CELLULAR RSA 2-1 PARTNERSHIP
BALANCE SHEETS
December 31, 2002 and 2001
2002
2001
LIABILITIES AND PARTNERS' CAPITAL
CURRENT LIABILITIES
Current portion of long-term debt $ — $659,340
Capital lease obligation 21,287 —
Notes Payable 1,000,000 —
Accounts Payable:
Trade 204,101 24,314
Affiliates 608,248 316,154
Other 290,254 244,508
Accrued liabilities—affiliate 136,559 98,078
Accrued commissions 71,288 76,912
Advance billings 279,853 246,652
Other 168,064 122,044
2,779,654 1,788,002
LONG-TERM OBLIGATIONS
Capital lease obligation 96,620
PARTNERS' CAPITAL 5,384,218 5,042,937
TOTAL LIABILITIES AND PARTNERS' CAPITAL $8,260,492 $6,830,939
The accompanying notes are an integral part of these financial statements
3
ILLINOIS VALLEY CELLULAR RSA 2-I PARTNERSHIP
STATEMENTS OF INCOME
Years Ended December 31, 2002, 2001 and 2000
2002
2001
2000
OPERATING REVENUES
Retail service $6,513,308 $6,123,233 $6,095,261
Roamer service 3,131,185 4,020,995 3,184,181
Equipment sales 181,442 180,670 149,909
Miscellaneous services 1,069,743 906,974 693,533
10,895,678 11,231,872 10,122,884
OPERATING EXPENSES
Cost of services 4,572,661 4,358,681 3,439,668
Cost of equipment sales 1,017,085 937,143 890,065
Selling, general and administrative 3,986,972 3,723,723 3,229,256
Depreciation 956,339 748,968 772,698