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-With the National Ballet's impending move to new quarters soon, attention has also been focused to a greater degree than usual on the Royal Winnipeg Ballet. The Royal Winnipeg Ballet originally had its origins in a ballet club with its organization started in 1938 by means of two immigrant English dance teachers. Its first public appearance before an audience was to a specialized audience in a pageant appearance for a royal visit to Winnipeg by the King and Queen of England, King George IV and Queen Elizabeth. The visit took place in June, 1939, and the pageant was a planned part of the royal visit. Although the Winnipeg Ballet Company became the first ballet company in the Commonwealth to be granted a royal charter, because of the fact that there was a disastrous and damaging fire which destroyed much of their costumes, props, music and performance space, it almost was destroyed as a ballet company a year later. Years later, at this point in time, the Royal Winnipeg Ballet Company of Dancers is known for what many critics have called "prairie-freshness," but, also for a widely diverse repertoire, performing many different styles of ballet in a touring company that has relatively few dancers and is not by any means large.
Net Loss
Occurs when a company's expenses exceed its revenues during a specific period, leading to a negative profit.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profits or losses.
Revenues
The total amount of income generated by the sale of goods or services related to the company's primary operations.
Expenses
Costs incurred in the process of earning revenue, including operational, administrative, and marketing costs.
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