Print Page  Close Window

SEC Filings

S-4
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4 on 04/01/1999
Entire Document
 
<PAGE>
 
                                  TACONIC CATV
                   (a component of Taconic Technology Corp.)
 
                                 BALANCE SHEETS
                           December 31, 1997 and 1998
 

<TABLE>
<CAPTION>
                                                             1997       1998
                                                          ---------- ----------
                         ASSETS
                         ------
<S>                                                       <C>        <C>
Cash..................................................... $      --  $      --
Accounts receivable, net of allowance of $23,177 in 1997
 and $16,968 in 1998.....................................    109,834     55,435
Receivable from related entities.........................        --     457,987
Inventories..............................................    135,192    116,627
Prepaid expenses.........................................     28,230     21,252
Property and equipment, net..............................  2,030,428  1,692,175
Other assets, net........................................     33,441     28,607
                                                          ---------- ----------
                                                          $2,337,125 $2,372,083
                                                          ========== ==========
 
<CAPTION>
                 LIABILITIES AND EQUITY
                 ----------------------
<S>                                                       <C>        <C>
Accounts payable and accrued expenses.................... $  338,324 $  294,073
Payable to related entities..............................     27,917        --
Deferred income taxes....................................    386,879    370,663
Bank debt................................................    792,501        --
                                                          ---------- ----------
                                                           1,545,621    664,736
Component equity.........................................    791,504  1,707,347
                                                          ---------- ----------
                                                          $2,337,125 $2,372,083
                                                          ========== ==========
</TABLE>

 
 
                See accompanying notes to financial statements.
 
                                     F-101