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
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 $ 74,497 Total Assets $175,877 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 agreements. The Company's royalty income was $74,497 during 2001.
Item 8
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
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, 2001
ASSETS
----- ----- 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 -- --