-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FBIWY8vQcw8gJCkegGRSI0Cm0mWEVkylCJdkZoIxrwrFNOcMG4AFZCSV0mUNj3fi C06LWsq6wLmjhQt9AsRq6Q== 0000759440-02-000001.txt : 20020415 0000759440-02-000001.hdr.sgml : 20020415 ACCESSION NUMBER: 0000759440-02-000001 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20011231 FILED AS OF DATE: 20020326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BIG RIVER PRODUCTIONS LTD PARTNERSHIP CENTRAL INDEX KEY: 0000759440 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 133243107 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-94790-NY FILM NUMBER: 02586114 BUSINESS ADDRESS: STREET 1: 1501 BROADWAY STE 1901 CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2125759710 MAIL ADDRESS: STREET 1: 1501 BROADWAY STREET 2: STE 1901 CITY: NEW YORK STATE: NY ZIP: 10036 10-K 1 pauline12312001_.txt FORM 10-K BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP FINANCIAL STATEMENTS DECEMBER 31, 2001 REPORT OF INDEPENDENT AUDITOR Big River Productions Limited Partnership 1501 Broadway - Suite 1904 New York, New York 10036 Gentlemen: We have audited the accompanying balance sheet of Big River Productions Limited Partnership as of December 31, 2001 and 2000, and the related statements of income and partners' capital, and cash flows for the years then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Big River Productions Limited Partnership as of December 31, 2001 and 2000, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America. Respectfully submitted, Schall & Ashenfarb, Certified Public Accountants, LLC February 20, 2002 BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP INDEX PAGE Part I Item I - Business 1 Item 2 - Properties 1 Item 3 - Legal Proceedings 1 Part II Item 4 - Submission of matter to vote of security holders 1 Item 5 - Market for registrants common equity and related stockholders matters 1 Item 6 - Selected Financial Data 1 Item 7 - Managements discussion and analysis of financial condition and results of operations 1 Item 8 - Financial statements and supplementary data 1 Item 9 - Disagreements on accounting and financial disclosure 1 Part III Item 10 - Directors and executive officers 1 Item 11 - Executive Compensation 1 Item 12 - Security Ownership 1 Item 13 - Certain relationship and related transactions 1 Part IV Item 14 - Financial statements 2-7 Signatures Item 1 - Business The Big River Productions Limited Partnership owns the rights to the play Big River. As of December 31, 2001, the play was being performed on tour. Item 2 - Properties Partnership maintains through its general partners offices at 1501 Broadway, New York, New York. Item 3 - Legal Proceedings NONE Item 4 - Submission of matters to a vote of Security Holders Not Applicable Item 5 - Market for Registrants Common Equity & Stockholder Matters Not Applicable Item 6 - Selected Financial Data The following table sets forth selected financial information regarding the Company's financial position and operating results. This information should be read in conjunction with the financial statements and notes thereto and Managements discussion and analysis of financial condition and results of operations, appearing elsewhere in this report. Income from continuing operation $ 74,497 Total Assets $175,877 Non-Current Obligations -0- Item 7 - Managements Discussion and Analysis of financial condition and results of operations The Partnership was capitalized by $2,500,000 of partners contributions during 1985 for the purpose of producing on Broadway a dramatic-musical play entitled "Big River". The Company's primary revenue source is from royalties from licensing agreements. The Company's royalty income was $74,497 during 2001. Item 8 - Financial Statement and Supplementary Data The financial statements and supplementary data listed on the accompanying Index to financial statements and Index to financial schedule are hereby incorporated herein by this reference and filed as part of this report. Item 9 - Disagreements on Accounting and Financial Disclosures NONE Item 10-13 Not Applicable BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP BALANCE SHEET DECEMBER 31, 2001 ASSETS 2000 ----- ----- Current Assets Cash in Bank $175,877 $108,107 ------- ------ Total Assets $175,877 $108,107 ======= ======== LIABILITY & PARTNERS CAPITAL Current Liabilities Accrued Expenses 4,573 4,650 ------ -------- Total Liabilities 4,573 4,650 Partners Capital Partners Capital 171,304 103,457 ------- ------- Total Partners Capital 171,304 103,457 ------- ------ Total Liabilities & Partners Capital $175,877 $108,107 ========= ======== See audit report and notes attached. BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP STATEMENT OF INCOME AND PARTNERS' CAPITAL FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2001 2001 2000 ---- ----- Income: Royalty $74,497 $53,379 -------- ------- Total Income 74,497 53,379 Less: Expenses Royalty Expense - 19,159 General Manager Fee 1,200 1,200 Professional 4,400 4,555 Administration Expense 1,050 861 ------- ------ Total Expenses 6,650 25,775 ------- ------- Net Income Before Taxes 67,847 27,604 Provision for NYC Unincorporated Business Tax -0- -0- ------- ------- Net Income Before Interest Income 67,847 27,604 Interest Income 0 0 ------ ------- Net Income 67,847 27,604 Partners' Capital - Beginning of Year 103,457 75,853 Less: Distribution to Partners 0 0 ------- -------- Partners' Capital - End of Year 171,304 103,457 ======= ======== See audit report and notes attached. BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2001 2001 2000 ----- ------ CASH FLOWS FROM OPERATING ACTIVITIES Net Income $67,847 $27,604 Adjustments to reconcile net income to net cash provided by operating activities Increase/Decrease) in accrued expenses 67,847 (2,385) -------- -------- Total Adjustments (77) (2,385) -------- -------- Net Cash Provided by Operating Activities 67,770 25,219 CASH FLOWS FROM FINANCING ACTIVITIES Capital Distributions 0 0 -------- ----------- Net cash used for financing activities 0 0 Net cash increase/(decrease) for year 67,770 25,219 Cash and Cash equivalents at beginning of year 108,107 82,888 --------- --------- Cash and cash equivalents at end of year 175,877 108,107 ======== ========= See audit report and notes attached. BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 AND 2000 Note 1 - General The Big River Productions Limited Partnership (the "Company") owns shares in subsidiary rights of the property Big River, including all live stock and amateur performances. Note 2 - Accounting Policies A) The Company uses the accrual method of accounting for royalty income and related expenses. B) The Company reports the statement of cash flows in accordance with the Financial Accounting Standards Board statement No. 95. For purposes of this statement, all highly liquid securities with a maturity of three months or less are considered to be cash equivalents. C) Concentration of Credit Risk - The Company deposits money with credit worthy institutions that are insured with the Federal Deposit Insurance Corporation which limits the amount of coverage to $100,000 in aggregate. At December 31, 2001, the Company had uninsured balances of $75,877. Note 3 - Commitments & Contingencies The Company has no long term leases. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP (Registrant) Date: ------------- ---------------- By: Edward Strong (Officer) David, Strong, Warner, General Partner SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE YEAR ENDED DECEMBER 31, 2001 COMMISSION FILE# 2-94790-NY BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP ------------------------------------------- NEW YORK 13-3243107 - -------------------------------------------------------------------- (State of other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1501 BROADWAY NEW YORK, NEW YORK 10036 - -------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrants telephone number, including Area Code (212) 575-9710 ------------- Indicate by check mark whether the Registrant (1) has filed all reports required to be filed under Section 13 or 15(d) of the Securities Exchange Act of 1934 during the proceeding 12 months and (2) has been subject to such filing requirements for the past 90 days. YES X NO -- -- -----END PRIVACY-ENHANCED MESSAGE-----