CRONOS GLOBAL INCOME FUND XV LP
CIK:0000912605|SEC Filings
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Condensed Statements of Income (Unaudited) (USD $)
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3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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Jun. 30, 2010
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| Condensed Statements of Income [Abstract] | ||||
| Net lease revenue from Leasing Agent | $ 455,973 | $ 497,957 | $ 921,024 | $ 956,031 |
| Other operating income (expenses): | ||||
| Depreciation | (37,916) | (209,158) | (116,539) | (530,167) |
| Other general and administrative expenses | (86,576) | (89,028) | (182,174) | (187,590) |
| Net gain on disposal of equipment | 466,344 | 435,023 | 1,006,276 | 967,077 |
| Total other operating income (expenses) | 341,852 | 136,837 | 707,563 | 249,320 |
| Net income | 797,825 | 634,794 | 1,628,587 | 1,205,351 |
| Allocation of net income: | ||||
| General partner | 22,885 | 26,427 | 38,647 | 48,436 |
| Limited partners | 774,940 | 608,367 | 1,589,940 | 1,156,915 |
| Net income | $ 797,825 | $ 634,794 | $ 1,628,587 | $ 1,205,351 |
| Limited partners' per unit share of net income | $ 0.11 | $ 0.09 | $ 0.22 | $ 0.16 |
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Condensed Statements of Cash Flows (Unaudited) (USD $)
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6 Months Ended | |
|---|---|---|
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Jun. 30, 2011
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Jun. 30, 2010
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| Condensed Statements of Cash Flows [Abstract] | ||
| Net cash provided by operating activities | $ 741,130 | $ 769,642 |
| Cash flows from investing activities: | ||
| Proceeds from sale of container rental equipment | 1,226,320 | 1,411,632 |
| Cash flows from financing activities: | ||
| Distributions to general partner | (46,894) | (52,801) |
| Distributions to limited partners | (2,383,856) | (2,592,442) |
| Net cash used in financing activities | (2,430,750) | (2,645,243) |
| Net decrease in cash | (463,300) | (463,969) |
| Cash at the beginning of the period | 2,800,849 | 2,103,099 |
| Cash at the end of the period | $ 2,337,549 | $ 1,639,130 |
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Condensed Balance Sheets (Unaudited) (USD $)
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Jun. 30, 2011
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Dec. 31, 2010
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|---|---|---|
| Current assets: | ||
| Cash | $ 2,337,549 | $ 2,800,849 |
| Net lease receivables due from Leasing Agent | 627,869 | 544,910 |
| Direct financing lease receivable, due from Leasing Agent within one year, net | 0 | 48,249 |
| Direct financing lease receivable held for sale, net | 192,134 | 0 |
| Container rental equipment held for sale, net of accumulated depreciation | 3,254,802 | 0 |
| Total current assets | 6,412,354 | 3,394,008 |
| Direct financing lease receivable, due from Leasing Agent after one year, net | 0 | 163,707 |
| Container rental equipment, at cost | 0 | 32,577,888 |
| Less accumulated depreciation | 0 | (28,921,085) |
| Net container rental equipment | 0 | 3,656,803 |
| Total assets | 6,412,354 | 7,214,518 |
| Partners' capital: | ||
| General partner | 13,117 | 21,365 |
| Limited partners | 6,399,237 | 7,193,153 |
| Total partners' capital | $ 6,412,354 | $ 7,214,518 |