ASSETS

Transactions
Beginning Balance
Contributions
Long-term bank loan
Purchase of P&E with cash
Purchase supplies on credit
Patient services on credit
Received HMO Capitation
Paid Labor
Used Supplies
General Expenses
Patient paid accounts
Paid bank loan and interest
Depreciation
Capitation Earned
Current portion of debt
Provision bad debt
Balance after adjustments
Operating income
Closing income from operations to unrestricted net assets
Ending balance
Balances with summarized net assets

Cash

Assets Limited as to use

0.00
10,000,000.00
2,000,000.00
(4,500,000.00)

Accounts Receivable
0.00

Allowance for Doubtful

Accounts
Supplies
0.00
0.00

0.00

Prepaid Expenses
0.00

550,000.00
8,400,000.00
800,000.00
4,500,000.00
-420,000.00
(2,230,000.00)
6,000,000.00
-440,000.00

(6,000,000.00)

16,130,000.00

0.00

2,400,000.00

850,000.00
850,000.00

130,000.00

0.00

16,130,000.00
16,130,000.00

0.00
0.00

2,400,000.00
2,400,000.00

850,000.00
850,000.00

130,000.00
130,000.00

0.00
0.00

LIABILITIES

Long-Term Investments
0.00

Plant & Equipment

Accumulated
Depreciation

NET ASSETS

Current Liabilities
0.00

Deferred Revenues
0.00

Revenues, Gains amd

Non-Current Liabilities other Support
Expenses
0.00
0.00
0.00
10,000.00

0.00

4,500,000.00
550,000.00
800,000.00
-4,500,000.00
-420,000.00
-2,230,000.00
-400,000.00

-40,000.00
-400,000.00

-400,000.00
-440,000.00

440,000.00

0.00

4,500,000.00

-400,000.00

-2,080,000.00

360,000.00

2,380,000.00

450,000.00
450,000.00

0.00
0.00

4,500,000.00
4,500,000.00

-400,000.00
-400,000.00

-2,080,000.00
-2,080,000.00

360,000.00
360,000.00

2,380,000.00
2,380,000.00

540,000.00
540,000.00

-5,360,000.00

Transfer to Parent Unrestricted Net Assets Restricted Net Assets

0.00
0.00
0.00

0.00

0.00
-4,420,000.00

-4,420,000.00
-4,420,000.00

0.00

CLAYMONT OUTPATIENT CLINIC

BALANCE SHEET
DECEMBER 31, 2011
Debit

CURRENT ASSETS
Cash
Gross accounts receivable
(less allowances for uncollectible)
Net Accounts Receivable

$16,130,000.00
$2,400,000.00
-$850,000.00
$1,550,000.00

Supplies
Assets limited to use
Prepaid expenses
Total Current Assets
Noncurrent Assets
Long-term investments
Plant, Property & Equipment
Less accumulated depreciation
Net plant, property & equipment
Total noncurrent assets
Total Assets

$130,000.00
$0.00
$0.00
$17,810,000.00

$0.00
$4,500,000.00
-$400,000.00
$4,100,000.00
$4,100,000.00
###

CURRENT LIABILITIES
Accounts Payable
General Expense
Notes Payable
Salaries Payable
Interest Payable
Total Current Liabilities

CLAYMONT OUTPATIENT CLINIC

BALANCE SHEET
DECEMBER 31, 2011
Credit
$4,214,000.00
$2,230,000.00
$400,000.00
$4,500,000.00
$40,000.00
$11,384,000.00

Non-Current Liabilities
Net Assets
Temporarily Restricted Donation
Unrestricted Donation
Total Net Assets
Total Liabilities and Net Assets

$156,000.00

$370,000.00
$10,000,000.00
$10,370,000.00
$21,910,000.00

CLAYMONT OUTPATIENT CLINIC

STATEMENT OF OPERATIONS
DECEMBER 31, 2011
Revenues
Unrestricted revenues, gains and other support
Unrestricted cash contribution
New patient service Revenue
Services on credit
Less provisions for bad debt
Net Patient service revenue after provision
Premium revenue
Other revenue
Total revenues
Expenses
Labor expenses
Supplies expense
Interest expense
Long-term loan expense
General expense
Depreciation expense
Total expenses
Operating income
Excess of revenues over expenses
Contribution of Long-lived assets
Transfer to parent
Increase in unrestricted net assets

12/31/2011
$10,000,000.00
$6,000,000.00
$8,400,000.00
-$850,000.00
$7,550,000.00
$440,000.00
$0.00
$23,990,000.00

$4,500,000.00
$420,000.00
$40,000.00
$400,000.00
$2,230,000.00
$400,000.00
$7,990,000.00
$16,000,000.00
$370,000.00

$16,370,000.00

Capital Ratio

Avon
Avon
Industry
Hospital Hospital
Benchmark
2011
2010

Debit Services Coverage

3.00

3.20

2.40

Times interest earned

Net assets to total assets

4.00
0.50

4.90
0.45

3.00
0.40

Long-term debt to net assets

0.50

0.55

0.60

Results
In 2010 the ratio was way below the industry benchmark but as time went
on to end 2011, the ratio was well above the industry benchmark
In 2010 the ratio was way below the industry benchmark but by the end of
2011 it was well above the industry benchmark
Both 2010 and 2011 were below industry benchmark
2010 was well above industry benchmark but drop 0.05 points below its
2010 mark in 2011, while still being above industry standards

RESORT HOSPITAL
STATEMENT OF OPERATIONS HORIZONTAL ANALYSIS
2011 AND 2010 (in thousands)
Revenues
Net patient services revenue
Other operating revenue
Total operating revenues

2,011
$33,500.00
$2,600.00
$36,100.00

2010
$30,500.00
$2,500.00
$33,000.00

Operating Expenses
Salaries and benefits
Supplies and other expenses
Depreciation
Interest
Total Operating expenses

$23,500.00
$11,400.00
$700.00
$710.00
$36,310.00

$19,600.00
$10,500.00
$700.00
$710.00
$31,500.00

(210.00)
$6,500.00

1,490.00
$1,200.00

Excess of revenues over expenses $6,290.00

$2,690.00

Operating Income
Non-Operating income

RESORT HOSPITAL
STATEMENT OF OPERATIONS HORIZONTAL ANALYSIS
2011 AND 2010 (in thousands)
Ratio
(9.84)
4.00
9.39

19.90
8.57
0.00
0.00
15.27
(114.09)
441.67
133.83

RESORT HOSPITAL
BALANCE SHEET RATIOS
2011 AND 2010 (in thousands)
Current assets
Cash and cash equivalents
New patient receivables
Inventory
Prepaid expenses
Total current assets
Plant, property, and equipment
Gross plant, property and equipment
(Less accumulated depreciation)
Net property, plant and equipment
Long-term investments
Total assets

2011
$1,500.00
$6,500.00
$400.00
$350.00
$8,750.00

2010
$2,500.00
$4,800.00
$350.00
$250.00
$7,900.00

Ratio
(40.00)
35.42
14.29
40.00
10.76

$22,000.00
-$12,700.00
$9,300.00

$19,500.00
-$12,000.00
$7,500.00

12.82
5.83
24.00

$16,500.00

$10,500.00

57.14

$34,550.00 $25,900.00

33.40

Current Liabilities
Accounts payable
Salaries payable
Total current liabilities

$5,300.00
$1,000.00
$6,300.00

$3,800.00
$900.00
$4,700.00

39.47
11.11
34.04

Long-term Liabilities
Bonds payable
Total long-term liabilities

$1,200.00
$1,200.00

$2,500.00
$2,500.00

(52.00)
(52.00)

$27,050.00

$18,700.00

44.65

$34,500.00 $25,900.00

33.20

Net assets
Total Liabilities and net assets

RESORT HOSPITAL
STATEMENT OF OPERATIONS VERTICAL ANALYSIS
2011 AND 2010 (in thousands)

Revenues
Net patient services revenue
Other operating revenue
Total operating revenues

2011
$33,500.00
$2,600.00
$36,100.00

2010
$30,500.00
$2,500.00
$33,000.00

Percentage
of total
revenues
107.8
7.8
99.4

Expenses
Salaries and benefits
Supplies and other expenses
Depreciation
Interest
Total Operating expenses

$23,500.00
$11,400.00
$700.00
$710.00
$36,310.00

$19,600.00
$10,500.00
$700.00
$710.00
$31,510.00

64.7
31.4
1.9
2.0
100.6

-$210.00

$1,490.00

(0.58)

Non-Operating income

$6,500.00

$1,200.00

17.90

Excess of revenues over expenses

$6,290.00

$7,000.00

17.32

-$210.00

$1,490.00

(0.58)

Operating Income

Increase (decrease) in net assets

RESORT HOSPITAL
STATEMENT OF OPERATIONS VERTICAL ANALYSIS
2011 AND 2010 (in thousands)
Percentage
of total
revenues
108.2
8.2
104.7

62.2
33.3
2.2
2.3
95.5
4.52
3.8
22.2
4.5

2011
$1,500
$6,500
$400
$350
$8,750

2010
$2,500
$4,800
$350
$250
$7,900

Percent
of Total
Assets
2011
17.14
74.29
4.57
4.00
25.33

$2,200
(12,700.00)
$9,300

$19,500
(12,000.00)
$7,500

23.66
(136.56)
26.92

Long-term investments

$16,500

$10,500

47.76

Total assets

$34,550

$25,900

100.00

Current Liabilities
Accounts payable
Salaries payable
Total current liabilities

$5,300
$1,000
$6,300

$3,800
$900
$4,700

84.13
15.87
23.29

Long-term Liabilities
Bonds payable
Total long-term liabilities

$1,200
$1,200

$2,500
$2,500

100.00

Net assets

$27,050

$18,700

78.29

Total Liabilities and net assets

$34,550

$25,900

100.00

Current assets
Cash and cash equivalents
New patient receivables
Inventory
Prepaid expenses
Total current assets
Plant, property, and equipment
Gross plant, property and equipment
(Less accumulated depreciation)
Net property, plant and equipment

Percent
of Total
Assets
2010
31.65
60.76
4.43
3.16
30.50

260.00
(160.00)
0.10
40.54
100.00

80.85
19.15
25.13

100.00

72.20
100.00

Transactions

LIABILITIES

Beginning Balance
Contributions
Long-term bank loan
Purchase of P&E with cash
Purchase supplies on credit
Patient services on credit
Received HMO Capitation
Paid Labor
Used Supplies
General Expenses
Patient paid accounts
Paid bank loan and interest
Depreciation
Capitation Earned
Current portion of debt
Provision bad debt
Balance after adjustments
Operating income

Current Liabilities Deferred Revenues Non-Current Liabilities

0
0
0

550,000
800,000

-2,230,000
-400,000
-440,000

-2,080,000

360,000

2,380,000

Closing income from operations to

unrestricted net assets
Ending balance

-2,080,000

360,000

2,380,000

Balances with summarized net assets

-2,080,000

360,000

2,380,000

NET ASSETS
Revenues,
Gains amd
other Support
0
100,000

Unrestricted Net
Assets

Expenses
0

Restricted Net
Assets
0
0

-4,500,000
-420,000

-40,000
-400,000
440,000
400,000
940,000

-5,360,000

-5,360,000

-4,420,000
-4,420,000
-4,420,000

HOVER HOSPITAL
STATEMENT OF CASH FLOWS
JUNE 30 2011

Cash Flows for Operating activities

Cash from Operating Activies
Increase in Accounts Payable
Transfer to Parent
Net Cash Provided by Operating Activies

30-Jun-11
3,900,000
(78000)
40,000
3,862,000

Cash Flows from Investing Activies

Purchase of plant, property, and equipment
Proceeds from Sale of Equipment
Net cash flow used in investing activites

(5,300,000)
2,290,000
(3,010,000)

Cash Flows from Financing Activies

Transfer to Parent
Cash and cash equivalents, beginning of month
Payment on notes payable (Principle)
Net cash provided by financing activities

(40,000)
6,500,000
(6,500)
6,453,500

Net Increase in Cash and cash equivalents

Cash and cash equivalents, beginning of month

13,325,500
0
13,325,500

Cash and Cash Equivalents, Month end