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SEC Filings

10-K405
RENAISSANCE MEDIA GROUP LLC filed this Form 10-K405 on 03/31/1999
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<PAGE>
 
                          RENAISSANCE MEDIA GROUP LLC
 
            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)
 
                               December 31, 1998
                       (All dollar amounts in thousands)
 
  (D) Due to Management Investors
 
   Prior to the formation of the Company, the Management Investors advanced
$1,000 to Holdings, which was used primarily for working capital purposes.
Upon formation of the Company, Holdings contributed certain assets and
liabilities to Group and the $1,000 advance from the Management Investors was
recorded as paid in capital.
 
  (E) Transactions with board member
 
   The Company has utilized the law firm of one of its board members for legal
services for the Acquisition, financing agreements and various ongoing legal
matters. These fees totaled approximately $1,348 for the year ended December
31, 1998.
 
8. Accrued Expenses
 
   Accrued expenses as of December 31, 1998 consist of the following:
 

<TABLE>
<CAPTION>
      Accrued programming costs......................................... $1,986
      <S>                                                                <C>
      Accrued interest..................................................  1,671
      Accrued franchise fees............................................  1,022
      Accrued legal and professional fees...............................    254
      Accrued salaries, wages and benefits..............................    570
      Accrued property and sales tax....................................    637
      Other accrued expenses............................................    530
                                                                         ------
                                                                         $6,670
                                                                         ======
</TABLE>

 
9. Employee Benefit Plan
 
   Effective April 9, 1998, the Company began sponsoring a defined
contribution plan which covers substantially all employees (the "Plan"). The
Plan provides for contributions from eligible employees up to 15% of their
compensation. The Company's contribution to the Plan is limited to 50% of each
eligible employee's contribution up to 10% of his or her compensation. The
Company has the right in any year to set the amount of the Company's
contribution percentage. Company matching contributions to the Plan for the
year ended December 31, 1998 were approximately $97. All participant
contributions and earnings are fully vested upon contribution and company
contributions and earnings vest 20% per year of employment with the Company,
becoming fully vested after five years.
 
10. Commitments and Contingencies
 
  (A) Leases
 
   The Company had rental expense under various lease and rental agreements
primarily for offices, tower sites and warehouses of approximately $125 in
1998. In addition, the Company rents utility poles in its operations generally
under short term arrangements, but the Company expects these arrangements to
recur.
 
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