Item 1 - Business The Big River Productions Limited Partnership owns the rights to the play Big River. As of December 31, 1996 the play was being performed on tour.
Item 2
Item 2 - Properties Partnership maintains through its general partners offices at 1501 Broadway, New York, New York.
Item 3
Item 3 - Legal Proceedings NONE
Item 4
Item 4 - Submission of matters to a vote of Security Holders Not Applicable
Item 5
Item 5 - Market for Registrants Common Equity & Stockholder Matters Not Applicable
Item 6
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 $41,838 Total Assets $65,094 Non-Current Obligations -0-
Item 7
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 agreem ents. The Company's royalty income was $47,565 during 1996.
Item 8
Item 8 - Financial Statement and Supplementary Data The financial statements and supplementary data listed on he 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
Item 9 - Disagreements on Accounting and Financial Disclosures NONE
Item 10
Item 10 - 13 Not Applicable
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP BALANCE SHEET DECEMBER 31, 1996
ASSETS
1996 1995
Current Assets
Cash in Bank $65,094 $22,056 ---------- ------- Total Assets $65,094 $22,056 ======= =======
LIABILITY & PARTNERS CAPITAL
Current Liabilities
Accrued Expenses $5,700 $4,500 ------ ------ Total Liabilities 5,700 4,500
Partners Capital
Partners Capital 59,394 17,556 ------ ----- Total Partners Capital 59,394 17,556
Total Liabilities & Partners Capital $65,094 $22,056 ======= =======
See accountants compilation report. BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP STATEMENT OF INCOME AND PARTNERS' CAPITAL FOR THE TWELVE MONTHS ENDED DECEMBER 31,
1996 1995
Income: Royalty $47,565 $64,941 ------- ------- Total income 47,565 64,941
Less: Expenses Royalty Expense 150 9,967 General Manager Fee 1,200 2,400 Professional 4,950 4,500 Administration Expense 0 950 ------ ------ Total Expenses 6,300 17,817
Net Income Before Taxes 41,625 47,124
Provision for NYC Unincorporated Business Tax 1,500 1,560 ------ ----- Net Income Before Interest Income 39,765 45,564
Interest Income 2,073 433 ----- ------ Net Income 41,838 45,997
Partners' Capital - Beginning of year 17,556 46,559
Less: Distribution to Partner's 0 (75,000) ------- -------- Partners' Capital - End of year $59,394 $17,556 ======= ========
See notes attached
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,
1996 1995
CASH FLOWS FROM OPERATING ACTIVITIES Net Income $41,838 $45,997 Adjustments to reconcile net income to net cash provided by operating activities Increase/(Decrease)in accrued expenses 1,200 705 ----- ----- Total Adjustments 1,200 705 ---- ----- Net Cash Provided by Operating Activities 43,038 46,702
CASH FLOWS FROM FINANCING ACTIVITIES Capital Distributions 0 (75,000) ------ --------- Net cash used for financing activities 0 (75,000) ------ ------- Net cash increas/(decrease)for year 43,038 (28,298)
Cash and Cash equivalents at beginning of year 22,056 50,354 ------- -------- Cash and cash equivalents at end of year $65,094 $22,056 ======= =======
See notes attached
BIG RIVER PRODUCTIONS LIMITED PARTNERSHIP NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1996 AND 1995
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.
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: ________________________ /s/Edward Strong _____________________________ 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 FOR THE YEAR ENDED DECEMBER 31, 1996 COMMISSION FILE# 294790-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 -- ---