Statement of Operations
Year ended March 31, 2019, with comparative information for 2018
2019
2018
Revenues:
Ministry of Health and Long-Term
Care and LHIN
$
169,588,387
$
149,664,547
Inpatient services 4,071,483 4,002,375
Outpatient services 10,385,707 9,009,644
Other income 11,633,856 10,028,380
Amortization of deferred capital
contributions relating to equipment 6,853,583 4,230,210
Auxiliary Income 1,884,802 -
204,417,818 176,935,156
Expenses:
Salaries
$ 102,144,479
Employee benefits 26,776,808 25,121,888
Fees to medical staff 14,773,930 13,632,327
Drugs
7,244,620
7,006,186
Medical and surgical supplies 12,242,124 11,069,050
Other supplies and expenses 30,370,441 26,306,814
Amortization of equipment 7,844,541 5,806,870
Auxiliary Expenses 1,657,347 -
203,054,290 181,306,608
Excess (deficiency) of expenses over
revenues before the undernoted 1,363,526 (4,371,452)
Amortization of deferred capital contributions
relating to building 9,994,373 5,459,7496
Amortization of building (11,203,984) (6,086,236)
Excess (deficiency) of expenses over revenues
26
$ 92,363,473
Joseph Brant Hospital
(1,209,611)
153,915
(626,487)
(4,997,939)