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					 WHANGAREI THEATRE COMPANY INC.

         FINANCIAL STATEMENTS

 FOR the YEAR ended 31st December 2010



                CONTENTS




Trading Accounts

Show Production Accounts

Statement of Financial Position

Statement of Movement in Equity

Schedule of Fixed Assets and Depreciation

Notes to and Forming Part of the Accounts

Audit Report
                             Whangarei Theatre Co
                                Balance Sheet
                                   As of December 2010


 2009 Assets                                             2010

         Current Assets

         Cash On Hand
 64302 ASB Bank - Cheque Account                         31913
    41 ASB Bank - Savings Account                        41
   285 Cash on Hand                                      285
 64628 Total Current Assets                              32239

         Fixed Assets

         Land & Buildings
 685945 Land & Buildings at Cost                         685945
-147952 Land & Buildings Accum Dep                       160,526
 537993 Total Land & Buildings                           525419
         Plant & Equipment
 402696 Plant & Equipment at Cost                        407737
-246181 Plant & Equipment Accum Dep                      269,079
 156515 Total Plant & Equipment                          138658

694508 Total Fixed Assets                                664077
759136 Total Assets                                      696316


         Liabilities

         Current Liabilities
 19003 Trade Creditors                                   9937
 -2175 Total GST                                         2,094
 16828 Total Current Liabilities                         7843

         Long-Term Liabilities
100000 Loan - Ian Page                                   90000
100000 Total Long-Term Liabilities                       90000

116828   Total Liabilities                               97843

642309   Net Assets                                      598473


         Equity

690437 Retained Earnings                                 642310
-48128 Current Year Earnings                             43,837
642309 Total Equity                                      598473
                        Whangarei Theatre Co
                         Surplus & Deficit
                         Year Ended 31st December 2010
                                   Theatre

Show Income
Disco Inferno                                             $15,603.95
Miss Information                                            $8,593.69
Hot Mikado                                                $11,690.96
Thing About Men                                           ($1,806.09)
Stiff                                                     ($1,491.11)
Miss Saigon                                               ($5,648.75)
Mums Choir                                                  ($933.33)
Stepping Out                                                ($933.33)
Total Show Income                                         $25,075.99

General Income
Grants                                                     $2,000.00
Donations                                                  $1,200.00
Interest                                                       $0.29
Subscriptions - Adult                                      $1,692.46
Hireage Wardrobe                                            $583.11
Tech Hire                                                   $622.22
Prop Hire                                                      $8.89
Room Hire                                                  $3,820.97
Other Income                                                $426.66
Total General Income                                      $10,354.60


Total Income                                              $35,430.59


Expenses
ACC Levy                                                       $92.16
Advertising                                                   $778.14
Assets < $200                                                  $53.33
Audit Fees                                                    $800.00
Bank Fees                                                      $82.84
Catering Costs - General                                      $107.58
Cleaning Materials & Laundry                                $1,574.60
Computer Expenses                                             $187.28
Copier Expenses                                             $1,198.38
Depreciation                                               $35,474.00
EFTPOS Expenses                                               $139.00
Electricity                                                 $4,737.87
General Expenses                                               $41.09
Insurance                                                   $6,635.82
Licenses                                                       $74.67
Light & Sound                                                 $831.77
Postage                                                       $146.03
Printing & Stationery                                         $546.77
Rent & Rates                                                $2,890.99
Repair Maintenance - Building                               $2,640.26
R & M - Plant & Equipment                                     $454.22
Royalties                                                      $40.86
Security                                                    $1,876.62
Set Expense Reversal prior                                  ($275.56)
year
Scripts                                                        $37.75
Subscriptions                                                 $622.22
Telephone & Tolls                                           $1,118.04
Wages - Cleaner                                             $4,585.45
Wages - Treasurer                                           $3,592.00
Waste Disposal                                                $808.42
Total Expenses                                             $71,892.60
Finlayson Street                                            $7,375.07
                                                           $79,267.67
Net Surplus(Deficit)                                     ($43,837.08)
               Whangarei Theatre Company Inc.
           Notes to and Forming Part of the Accounts
            For the Year ended 31st December 2010



    There have been no changes in accounting policies. All policies have
    been applied on a basis consistent with those used in previous years.



    NOTES




1   Capital Commitments

    There is no Capital Commitment for the year under review.

				
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