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S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 08/27/1999
Entire Document
 
<PAGE>   401
 
                     RIFKIN ACQUISITION PARTNERS, L.L.L.P.
 
                           CONSOLIDATED BALANCE SHEET
 

<TABLE>
<CAPTION>
                                                      12/31/98        12/31/97
                                                    ------------    ------------
<S>                                                 <C>             <C>
ASSETS
Cash and cash equivalents.........................  $  2,324,892    $  1,902,555
Customer accounts receivable, net of allowance for
  doubtful accounts of $444,839 in 1998 and
  $425,843 in 1997................................     1,932,140       1,371,050
Other receivables.................................     5,637,771       4,615,089
Prepaid expenses and other........................     2,398,528       1,753,257
Property, plant and equipment at cost:
  Cable television transmission and distribution
     systems and related equipment................   149,376,914     131,806,310
  Land, buildings, vehicles and furniture and
     fixtures.....................................     7,421,960       7,123,429
                                                    ------------    ------------
                                                     156,798,874     138,929,739
  Less accumulated depreciation...................   (35,226,773)    (26,591,458)
                                                    ------------    ------------
          Net property, plant and equipment.......   121,572,101     112,338,281
Franchise costs and other intangible assets, net
  of accumulated amortization of $67,857,545 in
  1998 and $53,449,637 in 1997....................   183,438,197     180,059,655
                                                    ------------    ------------
          Total assets............................  $317,303,629    $302,039,887
                                                    ============    ============
LIABILITIES AND PARTNERS' CAPITAL
Accounts payable and accrued liabilities..........  $ 11,684,594    $ 11,690,894
Customer deposits and prepayments.................     1,676,900       1,503,449
Interest payable..................................     7,242,954       7,384,509
Deferred tax liability, net.......................     7,942,000      12,138,000
Notes payable.....................................   224,575,000     229,500,000

                                                    ------------    ------------
          Total liabilities.......................   253,121,448     262,216,852
Commitments and contingencies (Notes 8 and 14)
Redeemable partners' interests....................    10,180,400       7,387,360
Partners' capital (deficit):
  General partner.................................    (1,991,018)     (1,885,480)
  Limited partners................................    55,570,041      34,044,912
  Preferred equity interest.......................       422,758         276,243
                                                    ------------    ------------
Total partners' capital...........................    54,001,781      32,435,675
                                                    ------------    ------------
          Total liabilities and partners'
             capital..............................  $317,303,629    $302,039,887
                                                    ============    ============
</TABLE>

 
The accompanying notes are an integral part of the consolidated financial
statements.
 
                                      F-194