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12-Janesville Twin Rink Financial Statements 6-23-10(1)
4:36 PM Twin Rink 06/23/10 Profit & Loss Accrual Basis January through December 2009 Jan - Dec 09 Ordinary Income/Expense Income 4000 · Public Skating Admissions 149,009.68 4001 · Adult Hockey Revenue 4002 · Adult Winter Hockey League 112,335.68 4003 · Adult S&S Hockey League 19,412.57 4004 · Adult Hockey Camps 4,975.76 4005 · Adult Development Hockey 2,400.00 4006 · Adult Hockey Tournament 37,789.49 Total 4001 · Adult Hockey Revenue 176,913.50 4007 · Adult League 40+ scrimmage 6,763.84 4010 · Youth Hockey Revenue 4012 · Yth Hockey S&S League 851.89 4013 · Yth Hockey Camps 47.03 4014 · Youth Hockey Clinics 7,807.05 4016 · Child/Parent Hockey 990.50 Total 4010 · Youth Hockey Revenue 9,696.47 4020 · Learn to Skate Revenue 4022 · Learn to Skate 54,895.10 4024 · Learn to Skate - SHOW 8,564.45 Total 4020 · Learn to Skate Revenue 63,459.55 4030 · Learn to Play Hockey Revenue 3,547.50 4040 · Contract Ice Revenue 4041 · Hockey Contract Ice Revenue 127,085.00 4042 · Figure Skating Contract Ice Rev 38,045.34 4043 · Other Ice Rentals 18,755.50 Total 4040 · Contract Ice Revenue 183,885.84 4046 · Pond Hockey Revenue 2,088.41 4047 · Speed skating 3,033.76 4050 · Drop In Hockey 21,786.76 4051 · Figure Skating Revenue 62,140.97 4052 · Private Lessons Revenue 4,649.60 4053 · Shows & Admissions Revenue 9,503.09 4054 · Sponsorship Revenue 6,647.98 4055 · Skate Punchcards Revenue 5,818.34 4056 · Birthday Party Revenue 29,882.76 4057 · Locker Revenue 2,554.40 4058 · Vending Revenue 11,493.22 4059 · Office Space Rental 5,855.00 4060 · Skate Rental 65,515.96 4062 · Broomball Revenue 4,312.18 4063 · Group Admission 19,572.02 4800 · Concessions Revenue 52,942.13 4900 · Pro Shop Revenue 137,601.17 4901 · Pro Shop Skate Sharpening 10,564.96 4980 · Art Crawl Revenue 37.50 Page 1 of 3 4:36 PM Twin Rink 06/23/10 Profit & Loss Accrual Basis January through December 2009 Jan - Dec 09 Total Income 1,049,276.59 Cost of Goods Sold 5000 · Cost of Goods Sold 5001 · Public Skating Costs 4,617.33 5002 · Adult Hockey League Costs 32,777.96 5003 · Youth Hockey League Costs 242.17 5004 · Learn to Skate Costs 2,345.93 5005 · Birthday parties 11,257.34 5006 · Costs of Goods Sold-Pro Shop 110,938.22 5008 · COGS - Concessions 42,269.65 5009 · COGS-Hockey Camp/Clinics 2,159.83 5011 · Cost of Goods-Skate Show 5,765.78 Total 5000 · Cost of Goods Sold 212,374.21 Total COGS 212,374.21 Gross Profit 836,902.38 Expense 6000 · Payroll 344,351.61 6119 · security-contract labor 5,770.00 6120 · Bank Service Charges 12,428.10 6150 · Depreciation Expense 2,332.08 6160 · Dues and Subscriptions 2,231.04 6170 · Equipment Rental 10,870.63 6180 · Insurance 6181 · Workman's Comp 12,243.55 6182 · Liability Insurance 10,356.54 6184 · Umbrella Insurance 3,246.96 6185 · Other Insurance 2,136.54 6186 · Property Insurance 18,900.00 6190 · Health Insurance 11,554.04 Total 6180 · Insurance 58,437.63 6200 · Interest Expense 6210 · Finance Charge 403.60 Total 6200 · Interest Expense 403.60 6230 · Licenses and Permits 1,968.59 6235 · Uniforms 2,408.25 6241 · Miscellaneous Expenses 0.00 6250 · Postage and Delivery 3,679.49 6260 · Printing and Reproduction 628.86 6261 · Advertising 10,692.08 6270 · Professional Fees 6271 · Management Fees 50,000.04 6272 · Training and Seminars 1,130.49 Total 6270 · Professional Fees 51,130.53 Page 2 of 3 4:36 PM Twin Rink 06/23/10 Profit & Loss Accrual Basis January through December 2009 Jan - Dec 09 6300 · Repairs 6310 · Building Repairs 4,563.47 6315 · Service Contracts 16,955.97 6320 · Computer Repairs 106.30 6330 · Equipment Repairs 19,357.25 Total 6300 · Repairs 40,982.99 6340 · Telephone 1,016.58 6345 · Web Hosting and Internet 2,437.78 6348 · Ice Scheduling Program Fees 500.00 6350 · Travel & Ent 6370 · Meals 115.94 6376 · Mileage 27.50 6380 · Travel 2,211.62 Total 6350 · Travel & Ent 2,355.06 6390 · Utilities 6400 · Gas and Electric 197,393.21 6410 · Water 24,286.78 6420 · Waste Removal 3,521.52 Total 6390 · Utilities 225,201.51 6560 · Payroll Expenses 5,629.64 6700 · Supplies 6770 · Building & Maintenance Supplies 6771 · Cleaning Supplies 8,880.76 6772 · Propane and Gas 6,040.00 6774 · Ice Paint and Supplies 2,140.56 6775 · Tools and Small Equipment 264.81 6770 · Building & Maintenance Supplies - Other 18,490.79 Total 6770 · Building & Maintenance Supplies 35,816.92 6790 · Office Supplies 8,765.06 Total 6700 · Supplies 44,581.98 6800 · <Overage>/Shortage -144.35 Total Expense 829,893.68 Net Ordinary Income 7,008.70 Net Income7,008.70 Page 3 of 3 Twin Facility Profit and Loss January - December 2009 Jan - Dec 09 Ordinary Income/Expense Income 4000 · Public Skating Admissions 99,036.28 4001 · Adult Hockey Revenue 4002 · Adult Winter Hockey League 81,254.95 4003 · Adult S&S Hockey League 11,200.00 4005 · Adult Hockey Clinic 820.00 Total 4001 · Adult Hockey Revenue 93,274.95 4010 · Youth Hockey Revenue 4012 · Yth Hockey S&S League 17,315.00 4014 · Youth Hockey Clinics 6,816.66 Total 4010 · Youth Hockey Revenue 24,131.66 4020 · Learn to Skate Revenue 4022 · Learn to Skate 65,488.28 Total 4020 · Learn to Skate Revenue 65,488.28 4030 · Learn to Play Hockey Revenue 5,070.00 4040 · Contract Ice Revenue 471,777.16 4048 · Hockey Equipment rental 175.00 4050 · Drop In Hockey 18,124.00 4051 · Figure Skating Revenue 20,592.00 4052 · Private Lessons Revenue 2,402.10 4054 · Sponsorship Revenue 4,924.99 4055 · Skate Punchcards Revenue 13,002.50 4056 · Birthday Party Revenue 17,824.25 4057 · Locker Revenue 107.30 4058 · Vending Revenue 13,677.94 4059 · Room Rental 9,172.50 4060 · Skate Rental 21,076.00 4062 · Hockey Tournament Revenue 28,896.55 4063 · Group Admission 9,938.12 4064 · Video Revenue 1,754.25 4070 · Fitness Payment 100.00 4200 · Skate Passes 1,984.43 4800 · Concessions Revenue 144,979.95 4903 · Pro Shop Rent 16,600.00 4999 · Miscellaneous Revenue -4,504.28 Total Income 1,079,605.93 Cost of Goods Sold 5000 · Cost of Goods Sold 5001 · COGS - Public Skating 1,570.54 5002 · COGS - Adult Hockey League 20,980.63 5003 · COGS - Youth Hockey League 12,050.82 5004 · COGS - Learn to Skate 961.27 5005 · COGS - Birthday Parties 1,290.46 5008 · COGS - Concessions 102,435.79 Twin Facility Profit and Loss January - December 2009 5009 · Skate and Equipment COGS 1,346.20 Total 5000 · Cost of Goods Sold 140,635.71 Total COGS 140,635.71 Gross Profit 938,970.22 Expense 6000 · Payroll 339,419.80 6120 · Bank Service Charges 4,422.63 6130 · Cash Discounts 38,543.12 6140 · Contributions 75.00 6150 · Depreciation Expense 14,606.32 6160 · Dues and Subscriptions 743.17 6170 · Equipment Rental 3,281.85 6180 · Insurance 6181 · Workman's Comp 5,971.98 6182 · Liability Insurance 13,087.70 6184 · Umbrella Insurance 3,842.25 6185 · Other Insurance 2,568.98 6187 · Boiler Insurance 344.99 6190 · Health Insurance 19,234.34 Total 6180 · Insurance 45,050.24 6200 · Interest Expense 6210 · Finance Charge 418.92 Total 6200 · Interest Expense 418.92 6230 · Licenses and Permits 3,311.32 6240 · Miscellaneous 350.00 6245 · Scheduling software and Fees 9,307.36 6250 · Postage and Delivery 3,247.71 6260 · Printing and Reproduction 6,099.06 6261 · Advertising 20,821.05 6270 · Professional Fees 6271 · Management Fees 60,000.00 6273 · Employee Training and Develop 672.06 Total 6270 · Professional Fees 60,672.06 6300 · Repairs 6310 · Building Repairs 29,976.84 6315 · Service Contracts 48,522.22 6320 · Computer Repairs 848.94 6330 · Equipment Repairs 23,650.57 Total 6300 · Repairs 102,998.57 6340 · Telephone 8,738.94 6345 · Web Hosting & Internet 1,923.24 6350 · Travel & Ent 6370 · Meals 299.67 6380 · Travel 1,451.66 Total 6350 · Travel & Ent 1,751.33 Twin Facility Profit and Loss January - December 2009 6390 · Utilities 6400 · Gas and Electric 182,345.59 6410 · Water 8,913.15 6420 · Waste Removal 3,628.86 Total 6390 · Utilities 194,887.60 6560 · Payroll Expenses 8,474.14 6700 · Supplies 6770 · Building & Maintenance Supplies 6771 · Cleaning Supplies 9,171.07 6772 · Propane 7,989.02 6774 · Ice Paint and Supplies 1,342.00 6780 · Other Supplies 2,612.85 Total 6770 · Building & Maintenance Supplies 21,114.94 6790 · Office Supplies 2,002.21 Total 6700 · Supplies 23,117.15 6800 · <Overage>/Shortage -126.42 6820 · Taxes 6840 · Local 56.00 Total 6820 · Taxes 56.00 Total Expense 892,190.16 Net Ordinary Income 46,780.06 Other Income/Expense Other Income 7010 · Interest Income 815.47 Total Other Income 815.47 Net Other Income 815.47 Net Income47,595.53