TIME WARNER ENTERTAINMENT COMPANY, L.P. SUPPLEMENTARY INFORMATION SUMMARIZED FINANCIAL INFORMATION OF THE TIME WARNER SERVICE PARTNERSHIPS (Unaudited) The Time Warner General Partners are the general partners of the Time Warner Service Partnerships and collectively hold a 100% priority capital interest and 87.5% residual equity interest therein. The assets of the Time Warner Service Partnerships principally include the satellite receiving dishes and broadcast antennas used by TWE's Cable division, the transponders and other transmission equipment employed by TWE's Programming-HBO and Filmed Entertainment divisions and TWE's equity interests in certain programming entities. A summary of financial information of the Time Warner Service Partnerships is set forth below: TIME WARNER SERVICE PARTNERSHIPS Three Months Ended March 31, 1995 1994 (millions) Operating Statement Information Revenues $ 32 $ 8 Operating loss - (6) Gain on investments 126 3 Net income (loss) 131 (8) March 31, December 31, 1995 1994 (millions) Balance Sheet Information Investments and advances $ 72 $ 156 Property, plant and equipment, net 147 120 Due from (to) Time Warner 82 (38) Total assets 312 279 Total liabilities 44 101