Levitt Report - NHL.com

UNIFIED REPORT OF OPERATIONSREPORTING INSTRUCTIONSURO INSTRUCTIONSGENERALAmounts relating to the regular season should be reported in the "Regular Season"column and amounts relating to the playoffs should be reported in the "Playoffs" column.If amounts relate to the entire season (i.e., regardless if your Team participates in theplayoffs), then report the full amount in the "Regular Season" column.To the extent that hockey related revenues and expenses are recorded in an AffiliatedEntity (as defined), these amounts should be reported in the "Affiliated Entities" columnon the same basis as noted above.Amounts reported must cover a 12-month period that includes the 2002-03 regular andplayoff seasons.Canadian Clubs should report all amounts in thousands of CAD dollars and US Clubs inthousands of US dollars.To the extent that amounts reported in the URO should agree to amounts reported inLeague Reports (such as the Gate Receipts Report) but do not, all amounts should bereconciled and footnoted. Appendices outlining amounts reported by each Club to theLeague during the season have been included. Please keep in mind that, in some cases,variances may result due to the fact that financial statement presentation differs fromthe presentation used in League Reports. Although no adjustments are required,explanations for variances over $50,000 are required. An example would be the "GateReceipts Report" in which "Trades" are excluded and included for financial statementand URO purposes. Another example would be where amounts accrued by your Club foryear-end purposes differ from amounts reported by the League. Differences related toaccruals should reverse from one year to the next and, therefore, no adjustments arerequired as long as Generally Accepted Accounting Principles are followed.URO Instructions – September 2003 2712/18/2003 10:50 AM