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BERMUDAHOSPITALSBOARDUNAUDITEDSUMMARYFINANCIALINFORMATIONasatMarch31,2015

BERMUDAHOSPITALSBOARD
SUMMARYFINANCIALINFORMATION
AsatMarch31,2015
BALANCE SHEET

ASSETS
Cash,Deposits&Investments
TradeReceivables
Inventories&OtherAssets
TotalCurrentAssets
CapitalAssets
TotalAssets
LIABILITIES&NETASSETS
CurrentLiabilities
LongTermLiabilities
DeferredCapitalContributions
NetAssets
TotalLiabilities&NetAssets

March-15

March-14

$81,857,468
11,491,488
17,102,730
110,451,686
476,935,440
$587,387,126

$93,338,092
18,773,569
20,566,821
132,678,482
367,401,869
$500,080,351

$47,131,649
326,633,089
61,706,630
151,915,758
$587,387,126

$53,043,909
284,184,407
35,644,980
127,207,055
$500,080,351

INCOME STATEMENT

Revenue
MedicalRevenue
GovernmentGrants
OtherRevenue
Totalrevenue
Expenses
Salaries&Benefit
OperatingExpenses
GeneralSupplies
MedicalSupplies
Repairs&Maintenances
OtherOperatingExpenses
Depreciation
TotalOperatingExpenses
TotalExpenses
ProvisionforRedevelopment
Excessofrevenueoverexpenses
NetMargin

YTD Actual

YTD Actual

March-15

March-14

$257,516,403
37,464,000
4,667,799
$299,648,202

$269,541,242
37,464,000
5,644,183
$312,649,425

$174,677,753 $175,778,470
31,225,110
26,519,519
11,007,205
25,431,617
15,172,192
109,355,643
$284,033,396
(2,500,000)
$13,114,806
4.38%

$32,779,367
28,598,096
9,935,214
23,761,916
11,220,763
106,295,356
$282,073,826
(15,000,000)
$15,575,599
4.98%

Notes:
OperatingexpensesfortheyearendedMarch2015includeapproximately$19mofadditionalcostsrelatingtothe
NewAcuteCareWing.
GovernmentGrantsisentirelymadeupofthegrantfortheMidAtlanticWellnessInstitute.