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<br />
<br />NORTH POUDRE IRRIGATION COMPANY
<br />Wellintrton. Colorado
<br />Balance Sbeets
<br />October 31. 2001 aud 2000
<br />
<br />2001
<br />
<br />ASSEIS
<br />
<br />Current Assets
<br />Cash and Cash Equivalents (Note 1)
<br />Note Receivable
<br />Assessments Receivable
<br />Accounts Receivable - Other
<br />Prepaid Expense
<br />Total Current Assets
<br />Property Assets (Note 1)
<br />Land
<br />Priorities, Water Rights, and Easements
<br />Ditches and Reservoirs (Note 2)
<br />Buildings and Improvements
<br />Radio and Office Equipment
<br />Machinery and Equipment
<br />Transportation Equipment
<br />Ill1al
<br />
<br />Less: Accumulated Depreciation
<br />Total Property Assets
<br />
<br />Other Assets
<br />Certificates of Deposit - Restricted (Note 4)
<br />Note Receivable
<br />Stock of Other Companies (Note 1)
<br />Total Other Assets
<br />
<br />57,797
<br />
<br />4,601
<br />
<br />9,997
<br />72,395
<br />
<br />601,320
<br />716,471
<br />14,212,011
<br />218,142
<br />73,232
<br />389,052
<br />146,020
<br />16,356,248
<br />(4,150,305)
<br />12,205,943
<br />
<br />324,112
<br />
<br />17,941
<br />342,053
<br />
<br />Total Assets
<br />
<br />12,620,391
<br />
<br />The accompanying noles are an integral part of these financial statements.
<br />Exhibit 1
<br />2
<br />
<br />12
<br />
<br />2000
<br />
<br />36,655
<br />555
<br />13,216
<br />43,483
<br />9,722
<br />103,631
<br />
<br />601,320
<br />716,471
<br />13,876,615
<br />218,142
<br />68,662
<br />389,052
<br />109,264
<br />15,979,526
<br />(3,948,838)
<br />12,030,688
<br />
<br />230,000
<br />54,056
<br />17,941
<br />301,997
<br />
<br />12,436,316
<br />
<br />
<br />Current Liabilities
<br />Notes Payable (Note 2)
<br />Accounts Payable - Trade
<br />Income Taxes Payable (Note 1)
<br />Accrued Interest Payable
<br />Accrued Compensated Absences
<br />Total Current Liabilities
<br />
<br />Loni-Term I.iabilities
<br />Notes Payable (Note 2)
<br />Deferred Revenue (Note 4)
<br />Total Inni-Term I.iabilities
<br />Total Liabilities
<br />
<br />Paid in CllPital
<br />Common Stock (10,000 Shares Authorized,
<br />$50 Par Value, 10,000 Shares Issued,
<br />9,999 Shares Outstanding)
<br />Additional Paid in qapital
<br />Total Paid in ClIPital
<br />Retained Eaminlls (Exhibit 2)
<br />Total Paid in ClIPital and Retained Eaminis
<br />Less: 1 Treasury Share At Cost
<br />Total Stockholders' Equity
<br />Total Liabilities and Stockholders' Equity
<br />
<br />,)
<br />
<br />2001
<br />
<br />2000
<br />
<br />LIABILITIES
<br />
<br />106,767
<br />174,692
<br />4,442
<br />78,589
<br />12,477
<br />376,967
<br />
<br />102.725
<br />16,432
<br />
<br />87,097
<br />12,035
<br />218,289
<br />
<br />4,585,203
<br />324,112
<br />4,909,315
<br />5,286,282
<br />
<br />4,690,688
<br />230,000
<br />4,920,688
<br />5,138,977
<br />
<br />STOCKHOLDERS' EQJTITY
<br />
<br />500,000
<br />875,677
<br />1,375,677
<br />5,985,269
<br />7,360,946
<br />(26,837)
<br />7,334,109
<br />12,620,391
<br />
<br />500,000
<br />875,677
<br />1,375,677
<br />5,948,499
<br />7,324,176
<br />(26,837)
<br />7,297,339
<br />12,436,316
<br />
<br />~
<br />3
<br />
<br />13
<br />
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