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_2007 Yearend Financials

 
COMBINED BALANCE SHEET
 
YEAR ENDED DECEMBER 31, 2007
Cable TV
Assets Electric Telephone Internet Eliminations Total
Current assets:
Cash and cash equivalents $ 482,690 1,210,656 - - $ 1,693,346
Accounts receivable (net) 917,954 264,481 18,901 - 1,201,336
Interdivision note receivable - 933,334 - # (933,334) -
Materials and supplies inventory 290,919 102,933 25,151 - 419,003
Fuel inventory 2,456,798 - - - 2,456,798
Prepaid expenses 31,718 53,304 97 - 85,119
Interdivision receivable (Note H) - 306,042 - (306,042) -
Total current assets 4,180,079 2,870,751 44,149 (1,239,376) 5,855,602
Other assets:
Investments in Assoc. Org (Note I) 494,425 208,511 - - 702,936
Deferred charges (Note J) 446,825 - - - 446,825
Total other assets 941,250 208,511 - - 1,149,761
Property, plant and equipment:
In service 13,722,438 11,813,490 1,798,054 - 27,333,982
Under construction (Note K) 397,027 1,020,006 76 - 1,417,109
Total property, plant, equipmt 14,119,465 12,833,496 1,798,130 - 28,751,091
Less accumulated depreciation (9,382,407) (7,172,847) (1,125,647) - (17,680,901)
Property, plant, equipmt; net 4,737,058 5,660,649 672,483 - 11,070,190
Total assets $ 9,858,387 8,739,911 716,631 (1,239,376) $ 18,075,553
Liabilities and Equities
Current liabilities:
Line of credit 566,667 - - - 566,667
Interdivision note payable 933,334 - - (933,334) -
Accounts payable 82,133 912,159 30,266 - 1,024,558
Consumer deposits 60,525 78,716 - - 139,241
Other accrued liabilities (Note L) 349,080 137,442 - - 486,522
Interdivision payables (Note H) - - 306,042 (306,042) -
Total current liabilities 1,991,739 1,128,317 336,308 (1,239,376) 2,216,988
Long-term debt, current maturities net 3,083,620 1,352,294 - - 4,435,914
Total liabilities 5,075,359 2,480,611 336,308 (1,239,376) 6,652,902
Equities:
Patronage capital 4,766,250 6,257,239 380,323 - 11,403,812
Other equities 16,778 2,061 - - 18,838
Total equities 4,783,028 6,259,300 380,323 - 11,422,651
Total liabilities and equities $ 9,858,387 8,739,911 716,631 (1,239,376) $ 18,075,553
  COMBINED STATEMENT OF OPERATIONS
 
YEAR ENDED DECEMBER 31, 2007
Cable TV
Electric Telephone Internet Total
Operating revenues:
Energy sales $ 4,489,284 - - $ 4,489,284
Fuel surcharge or credit (Note A) 2,005,082 - - 2,005,082
Energy sales, net 6,494,366 - - 6,494,366
Supplemental heat revenues 214,917 - - 214,917
Local service revenues - 744,933 - 744,933
Network access (Note B) - 1,636,231 - 1,636,231
Universal Service Fund (Note C) - 697,164 - 697,164
Cable - less retransmission fees - - 244,291 244,291
Internet - - 389,828 389,828
Miscellaneous (Note D) 15,203 14,210 22,305 51,717
Total operating revenues 6,724,486 3,092,538 656,424 10,473,447
Operating expenses:
Fuel consumption (Note E) 3,077,715 - - 3,077,715
Power production 985,995 - - 985,995
Distribution 317,429 - - 317,429
Plant Specific - 1,118,327 - 1,118,327
Plant Non-Specific - 373,126 - 373,126
Depreciation and amortization 478,971 624,309 151,136 1,254,416
Consumer expense 298,762 231,384 - 530,147
Administrative and General (Note F) 935,036 823,055 1,758,091
Cable and Internet - - 535,905 535,905
Taxes 8,973 62,820 - 71,793
Total operating expenses 6,102,882 3,233,022 687,041 10,022,945
Operating margin 621,604 (140,484) (30,618) 450,502
Other income (expense):
Interest income 49,909 163,746 - 213,654
Interest on Debt (273,075) (101,420) - (374,495)
Patronage capital, other associations 30,665 80,794 - 111,459
Non-regulated net loss (Note G) - (7,027) - (7,027)
Total other income (expense) (192,501) 136,093 - (56,408)
Net margin $ 429,103 (4,391) (30,618) $ 394,093
   

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