MARCH 31 , 2016 , WITH COMPARATIVE INFORMATION FOR 2015 | ||
2016 |
2015 |
|
Revenues : Ministry of Health and Long-Term Care |
$ 124,431,979 |
$ 125,654,148 |
Inpatient services |
4,165,407 |
4,659,270 |
Outpatient services |
8,086,453 |
7,790,449 |
Other income |
9,969,287 |
12,633,154 |
Amortization of deferred capital contributions |
1,970,008 |
1,463,975 |
relating to equipment Ex-global income |
4,616,839 |
4,595,157 |
153,239,973 |
156,796,153 |
Expenses : Salaries |
$ |
81,476,771 |
$ |
83,168,062 |
Employee benefits |
21,532,924 |
20,001,990 |
||
Fees to medical staff |
12,939,544 |
13,044,060 |
||
Drugs |
6,844,477 |
5,889,553 |
||
Medical and surgical supplies |
8,745,610 |
9,306,489 |
||
Other supplies and expenses |
18,163,040 |
21,901,356 |
||
Amortization of equipment |
3,965,648 |
3,481,361 |
||
153,668,014 |
156,792,871 |
Excess of ( expenses over revenues ) revenues over expenses |
||
before the undernoted |
( 428,041 ) |
3,282 |
Amortization of deferred capital contributions relating to building |
1,478,132 |
1,015,717 |
Amortization of building |
( 1,822,759 ) |
( 1,344,928 ) |
( 344,627 ) |
( 329,211 ) |
2016 |
2015 |
||
Assets Current assets :
Cash and short-term investments
|
$ |
20,511,805 |
$ 23,183,883 |
Accounts receivable |
6,330,038 |
7,281,637 |
|
Grant receivable from Joseph Brant |
433,196 |
2,480,320 |
|
Hospital Foundation Due from The Joseph Brant Trust |
– |
2,547 |
|
Inventories |
1,432,686 |
754,524 |
|
Prepaid expenses |
1,495,165 |
1,467,106 |
|
Total current assets |
30,202,890 |
35,170,017 |
Long term receivable |
775,495 |
955,626 |
Interest in The Joseph Brant Trust ( note 7 ( c )) |
1,298,330 |
1,470,668 |
Capital assets , net ( note 2 ) |
90,262,855 |
79,294,433 |
2016 |
2015 |
||
Liabilities and Net Assets Current liabilities :
Accounts payable and accrued liabilities
|
$ |
21,314,041 |
$ 29,305,418 |
Deferred revenue |
10,018 |
9,210 |
|
Due to The Joseph Brant Trust |
40,067 |
– |
|
Current portion of obligation under |
359,839 |
345,222 |
|
capital leases ( note 3 ) Total current liabilities |
21,723,965 |
29,659,850 |
Obligation under capital leases ( note 3 ) |
682,867 |
1,042,706 |
Long-term liabilities ( note 4 ) |
11,544,435 |
10,855,769 |
Deferred capital contributions ( note 5 ) |
86,933,065 |
72,732,175 |
Total liabilities |
$ 120,884,332 |
$ 114,290,500 |
Net assets : Invested in capital assets ( note 6 ) |
19,333,296 |
19,255,185 |
Unrestricted |
( 17,776,388 ) |
( 16,925,609 ) |
1,556,908 |
2,329,576 |
|
Accumulated remeasurement gains |
98,330 |
270,668 |
Total net assets |
1,655,238 |
2,600,244 |