FairPoint Communications 2007 Annual Report Download - page 133
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ORANGE COUNTY — POUGHKEEPSIE LIMITED PARTNERSHIP
BALANCE SHEETS
DECEMBER 31, 2007 AND 2006
2007 2006
(Dollars in thousands)
ASSETS
CURRENT ASSETS:
Accounts receivable, net of allowance of $0 and $0 $ 168 $ 98
Unbilled revenue 683 1,586
Due from General Partner 12,107 9,509
Prepaid expenses and other current assets 90 111
Total current assets 13,048 11,304
PROPERTY, PLANT AND EQUIPMENT — Net 39,147 38,917
TOTAL ASSETS $52,195 $50,221
LIABILITIES AND PARTNERS’ CAPITAL
CURRENT LIABILITIES:
Accounts payable and accrued liabilities $ 100 $ 103
Total current liabilities 100 103
LONG TERM LIABILITIES 361 328
Total liabilities 461 431
COMMITMENTS AND CONTINGENCIES (NOTES 5 and 6)
PARTNERS’ CAPITAL 51,734 49,790
TOTAL LIABILITIES AND PARTNERS’ CAPITAL $52,195 $50,221
See notes to financial statements.
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