FairPoint Communications 2002 Annual Report Download - page 506

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3,767,962 2,982,704
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OTHER NONCURRENT ASSETS
Investments 73,140 100,147
Other 1,215 1,215
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74,355 101,362
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TOTAL ASSETS $ 4,683,747 $ 3,930,058
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ILLINOIS VALLEY CELLULAR RSA 2-III PARTNERSHIP
BALANCE SHEETS
DECEMBER 31, 2002 AND 2001
2002 2001
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LIABILITIES AND PARTNERS' CAPITAL
CURRENT LIABILITIES
Current portion of long-term debt $ - $ 236,690
Capital lease obligation 11,495 -
Notes payable 1,500,000 400,000
Accounts payable:
Trade 107,184 38,031
Affiliates 401,580 429,224
Other 130,070 151,128
Accrued commissions 39,849 51,572
Advance billings 2,383 3,683
Other 154,660 123,789
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2,347,221 1,434,117
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LONG-TERM OBLIGATIONS
Capital lease obligation 52,175 -
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PARTNERS' CAPITAL 2,284,351 2,495,941
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TOTAL LIABILITIES AND PARTNERS' CAPITAL $ 4,683,747 $ 3,930,058
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The accompanying notes are an integral part of these financial statements.
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ILLINOIS VALLEY CELLULAR RSA 2-III PARTNERSHIP
STATEMENTS OF INCOME
YEARS ENDED DECEMBER 31, 2002, 2001, AND 2000
2002 2001 2000
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OPERATING REVENUES
Retail service $ 3,469,059 $ 3,227,973 $ 3,047,399
Roamer service 2,521,150 3,344,344 2,573,368
Equipment sales 101,694 111,163 85,863