2005 - 2006 - Mount Sinai Hospital

MOUNT SINAI HOSPITAL
SUMMARIZED STATEMENT OF OPERATIONS AND CAPITAL Year Ended March 31, 2006
(in thousands of dollars) 2006 2005 2006 2005
OUR INCOME
Operating income
Ministry of Health and Long-Term Care $ 245,204 $ 238,326 76% 78%
Income from patients 25,109 21,630 8 7
Preferred accommodation 7,431 7,295 2 2
Commercial activities 16,236 14,423 5 5
Other income and recoveries 21,054 17,084 6 6
Amortization of contributions for equipment 8,677 7,708 3 2
323,711 306,466 100% 100%
Research funding 57,492 64,207
Total Income 381,203 370,673
OUR EXPENSES
Operating expenses
Salaries 180,239 173,367 56% 57%
Employee benefits 39,446 37,361 12 12
General supplies and other expenses 55,726 50,427 17 16
Medical and surgical supplies 16,244 14,873 5 5
Drugs 16,179 15,042 5 5
Amortization of equipment 15,848 14,371 5 5
323,682 305,441 100% 100%
Research expenditures 57,492 64,207
Total Expenses 381,174 369,648
Excess of Income over Expenses
Before Amortization 29 1,025
Amortization of building and research equipment,
net of amortization of contributions 5,244 4,783
Deficiency of Income over Expenses (5,215) (3,758)
Capital — Beginning of year (12,420) (8,662)
Capital —- End of year $ (17,635) $ (12,420)
OUR INCOME
OUR EXPENSES
76% Ministry of Health and
Long-Term Care
8% Income from patients
2% Preferred accommodation
5% Commercial activities
6% Other income and recoveries
3% Amortization of contributions
for equipment
56% Salaries
12% Employee benefits
17% General supplies &
other expenses
5% Medical & surgical supplies
5% Drugs
5% Amortization of equipment
2005–06 ANNUAL REPORT
47