Montana Lottery Annual Report 1990

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out abo^' ,tte° {in anc te^.r^ects ^^,^. 199 3 Vine t\°'i vorvs.
nd ^eta IXV its vforw itV tV^e ^Y^en -««^' gifl/liti, Sw«^' ^6 V^ei ena 19'; SeP tew^*^ Balance Sheets ASSETS 1990 ^^^ 1989 CURRENT ASSETS Cash and cash equivalents $1 ,341 ,235 $ 786,702 Accounts receivable 771,995 664,497 Inventory 108,456 133,974 Prepaid expenses 1,928 1,338 Employee advances 5,940 5,000 FIXED ASSETS Computer, furniture and equipment Computer software Less: Accumulated depreciation and amortization OTHER ASSETS
... Advertising license fee, net of accumulated amortization of $47,857 in 1990 and $1 1 ,209 in 1 989 52,143 88,791 TOTAL ASSETS $3,048,218 $2,679,850 2,229,554 1,591,511 772,183 840,400 737,014 840,400 1,612,583 (846,062) 1,577,414 (577,866) 766,521 999,548 LIABILITIES & FUND EQUITY CURRENT LIABILITIES Long-term debt due within one year $ 165,284 $ 189,204 Accounts payable and accruals 329,526 85,663 Due to State Superintendent of Publiclnstruction 1,519,520 306,410 Due to other state agencies 76,430 65,422 Accrued compensated absences 94,392 74,789 Estimated prizes payable 695,144 1,505,143 Deferred on-line revenue 20,029 — • Allowance for ticket returns 147,893 287,964 3,048.218 2,514,595 LOATG-rEHM DEJSr, net of current portion — 165,284 FUND EQUITY (DEFICFT) Unreserved retained earnings (deficit) — (29) TOTAL LIABILITIES & FUND EQ UITY $3,048,218 $2,679,850 See the accompanying independent auditors' report and the notes to financial statements.

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