FairPoint Communications 2005 Annual Report Download - page 235
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ORANGE COUNTY - POUGHKEEPSIE LIMITED PARTNERSHIP
BALANCE SHEETS
DECEMBER 31, 2005 AND 2004
(Dollars in Thousands)
2005 2004
ASSETS
CURRENT ASSETS:
Accounts receivable, net of allowance of $0 and $0 $ 254 $ 244
Unbilled affiliate revenue 1,599 1,249
Due from general partner 7,802 —
Prepaid expenses and other current assets 157 52
Total current assets 9,812 1,545
PROPERTY, PLANT AND EQUIPMENT - Net 37,516 34,525
TOTAL ASSETS $47,328 $36,070
LIABILITIES AND PARTNERS’ CAPITAL
CURRENT LIABILITIES:
Accounts payable and accrued liabilities $ 171 $ 436
Advance billings 261 144
Due to general partner —3,102
Total current liabilities 432 3,682
COMMITMENTS AND CONTINGENCIES (NOTES 5 and 7)
PARTNERS’ CAPITAL 46,896 32,388
TOTAL LIABILITIES AND PARTNERS’ CAPITAL $47,328 $36,070
See notes to financial statements.
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