FairPoint Communications 2004 Annual Report Download - page 513

ORANGE COUNTY - POUGHKEEPSIE LIMITED PARTNERSHIP
BALANCE SHEETS
DECEMBER 31, 2004 AND 2003
(Dollars in Thousands)
2004 2003
ASSETS
CURRENT ASSETS:
Accounts receivable, net of allowances of $0 and $20 in 2004 and 2003, respectively $244 $73
Unbilled revenue 1,249 866
Due from general partner —19,766
Prepaid expenses and other current assets 52 49
Total current assets 1,545 20,754
PROPERTY, PLANT AND EQUIPMENT - Net 34,525 29,622
TOTAL ASSETS $36,070 $50,376
LIABILITIES AND PARTNERS’ CAPITAL
CURRENT LIABILITIES:
Accounts payable and accrued liabilities $436 $348
Advance billings 144 310
Due to general partner 3,102 —
Total current liabilities 3,682 658
COMMITMENTS AND CONTINGENCIES (NOTES 5 and 7)
PARTNERS’ CAPITAL 32,388 49,718
TOTAL LIABILITIES AND PARTNERS’ CAPITAL $36,070 $50,376
See notes to financial statements.
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