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RO';EVILLE UIVISIUN <br />GROUP W CABLE, INC. <br />NOTES TU FINANCIAL STATEMENTS <br />December 31, 1984 <br />(Unaudited) <br />1. General <br />The financial statements of the Roseville Division of Group W <br />Cable, Inc. represent the financial position and results of <br />operations of th.e Roseville, Minnesota cable television <br />system ("the System"). The financiai statements of the <br />Roseville Divisiol, are included in the consolidated audited <br />financial statements of Westinghouse Electric Corporation. <br />In 1982, Group W Cable (Group W) was granted a non-exclusive <br />15 year franchise to construct, own, operate and maintain a <br />cable communications system in the Roseville, Minnesota <br />franchise area (as defined In the Franchise Agreement). <br />All costs incurred in obtaining the franchise have been <br />deferred and are being amortized to expense over the life of <br />the franchise. <br />Group W, as part of its pubiicly-owned parent company, <br />Westinghouse Electric Corporation, is required to make <br />periodic reports on its financial conaition to both the <br />Securities and Ex=hange Commission and major national stock <br />exchanges. Group W's cable systems are also regulated by the <br />Federal Commun1c3t.uns Commission aad by various other <br />governmental agencies. <br />2. Investment <br />Group 11's investment in the koseviile Division includes the <br />original -osts of construction of the cable system to date <br />and has been subsequently adjusted for net advances made to <br />the System by Group W and by the net results of operations of <br />the System. <br />