Balance Sheet of Symphony Theatre as of 31st December 2001

Liabilities & Equity Assets

Particulars Amount Particulars
Owners Equity 40,000,000 Theatre (Cost + Demolition-Sale of scrap)
Retained Earnings - Net Profit for 2011 1,323,000 Building
Accumulated Depreciation
Financing Agency 9,000,000 Sound System
Friends & Relatives 4,500,000 Accumulated Depreciation
Air conditioning
Salary Payable 150,000 Accumulated Depreciation
Ticket receipts payable 650,000 Furniture
Electricity payable 120,000 Accumulated Depreciation
Integrated communication
Accumulated Depreciation
Receivables from first film distributor
Provision for doubtful debts
Prepaid municipal tax
Prepaid insurance
Prepaid communication
Receivables from advertisement
Stationery in hand

Cash in hand

55,743,000
Amount Depreciation Theatre cost Demolition Sale of scrap
8,000,000 10,000,000 1,000,000 (3,000,000)
25,000,000 1,000,000
(1,000,000)
10,000,000 500,000
(500,000)
5,000,000 250,000
(250,000)
5,000,000 500,000
(500,000)
110,000 22,000 125000 -15000
(22,000)
395,000
(195,000)
300,000
200,000
15,000
50,000
4,000

4,136,000

55,743,000
 Income Statement of Symphony Theatre for the year ended 31st Dec 2001
Expenses Income
Particulars Amount Particulars Amount
Salary 1,800,000 Rental Income 10,080,000
Cleaning materials 360,000 Coffee Shop 60,000
Stationery 20,000 Advertisment 350,000
Electricity 1,440,000
Communication 80,000
Property Tax 1,200,000
Insurance 100,000
Interest to finance agency 1,200,000
Interest to friends & relatives 500,000
Provision for doubtful debts 195,000
Depreciation of building 1,000,000
Depreciation of sound system 500,000
Depreciation of air conditioning 250,000
Depreciation of furniture 500,000
Depreciation of integrated comm 22,000
Net Profit 1,323,000
10,490,000 10,490,000

Return on investment 3.31%

 No of Weeks Penalty Weeks Extended Weeks Rent per week
First Film 30 2 - 175,000
Second Film 10 - 5 195,000
Third Film 7 - - 215,000
Total Rental Income
Coffee shop
Advertisement
Increase in rent Total Rent
- 5,600,000
205,000 2,975,000
1,505,000
10,080,000
60,000
350,000
Particulars Amount
Salary of employees 1,800,000
Cleaning materials 360,000
Stationery 20,000
Electricity 1,440,000
Communication 80,000
Property Tax 1,200,000
Insurance 100,000
Interest to finance agency 1,200,000
Interest to friends & relatives 500,000
 Statement of Cash for the year ended 31st Dec 2001
Receipts Amount Payments
Owners Equity 40,000,000 Theatre (Cost + Demolition)
Finance agency 10,000,000 Building
Friends & Relatives 5,000,000 Sound System
Rental income 9,685,000 Air conditioning
Coffee Shop 60,000 Furniture
Advertisement 300,000 Integrated communication
Excess ticket collection 650,000 Salary of employees
Cleaning materials
Stationery
Electricity
Communication
Property Tax
Insurance
Interest to finance agency
Interest to friends & relatives
Repayment to finance agency
Repayment to friends

Closing Balance

65,695,000
001
Amount
8,000,000
25,000,000
10,000,000
5,000,000
5,000,000
110,000
1,650,000
360,000
24,000
1,320,000
95,000
1,500,000
300,000
1,200,000
500,000
1,000,000
500,000

4,136,000

65,695,000