Statement of Operations
Year ended March 31, 2020, with comparative information for 2019
2020 2019
Revenues:
Ministry of Health and Local Health Integration
Network (“LHIN”) and other agencies $ 172,211,598 $ 169,588,387
Inpatient services 4,040,516 4,071,483
Outpatient services 12,229,439 10,385,707
Other income 18,061,328 13,518,658
Amortization of deferred capital contributions
relating to equipment 8,066,841 6,853,583
214,609,722 204,417,818
Expenses:
Salaries 104,616,368 102,767,618
Employee benefits 28,118,201 26,863,229
Fees to medical staff 15,654,316 14,773,930
Drugs 10,368,599 7,244,620
Medical and surgical supplies 12,825,830 12,242,124
Other supplies and expenses 38,982,785 31,304,853
Amortization of equipment 10,927,410 7,857,918
221,493,509 203,054,292
(Deficiency) excess of revenues over expenses
before the undernoted (6,883,787) 1,363,526
Amortization of deferred capital contributions
relating to building and building service equipment 11,126,532 9,994,373
Amortization of building and building
service equipment (12,210,258) (11,203,984)
1,083,726 1,209,611
(Deficiency) excess of revenues over expenses $ (7,967,513) $ 153,915
12 Joseph Brant Hospital