Biggest hits, biggest flops of Broadway '81 season

The musical hit ''Annie'' was the biggest profitmaker on Broadway during the 1981 fiscal year and ''Frankenstein'' was the biggest flop. The state's annual report on theatrical productions released Dec. 26 showed that Broadway producers spent $52.3 million on 121 shows and lost a total of $7. 6 million in the fiscal year that ended in May.

The other big profitmakers are ''They're Playing Our Song,'' ''The Elephant Man,'' ''Ain't Misbehavin','' and ''Children of a Lesser God.''

The losers included, ''Broadway Follies,'' ''The Suicide,'' ''Perfectly Frank ,'' and ''One Night Stand.''