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<strong>City</strong> <strong>and</strong> <strong>County</strong> <strong>of</strong> <strong>Denver</strong> <strong>Municipal</strong> <strong>Airport</strong> <strong>System</strong> STATEMENTS OF NET ASSETS December 31, 2010 <strong>and</strong> 2009 Assets Current assets: 2009 2010 (as restated) Cash <strong>and</strong> cash equivalents $ 137,851,867 $ 97,628,667 Investments 93,476,444 30,740,497 Accounts receivable (net <strong>of</strong> allowance for doubtful accounts $1,009,113 <strong>and</strong> $1,074,533) 51,048,712 57,847,456 Accrued interest receivable 5,642,097 6,064,842 Other receivables 1,313,051 1,118,640 Inventories 10,732,708 10,739,578 Prepaid expenses <strong>and</strong> other 1,834,519 2,524,994 Total current unrestricted assets 301,899,398 206,664,674 Restricted assets: Cash <strong>and</strong> cash equivalents 76,016,953 71,194,287 Investments 163,432,947 77,541,269 Accrued interest receivable 1,714,883 2,631,092 Prepaid expenses <strong>and</strong> other 2,211,970 6,319,699 Grants receivable 6,925,284 357,887 Passenger facility charges receivable 10,271,357 9,098,428 Total current restricted assets 260,573,394 167,142,662 Total current assets 562,472,792 373,807,336 Noncurrent assets: Investments 263,704,602 299,257,982 Long-term receivable, net <strong>of</strong> current portion 4,885,283 2,000,000 Capital assets: Buildings 1,999,547,458 1,988,351,492 Improvements other than buildings 2,247,619,169 2,161,395,306 Machinery <strong>and</strong> equipment 720,543,765 689,952,223 4,967,710,392 4,839,699,021 Less accumulated depreciation <strong>and</strong> amortization (2,083,584,224) (1,904,391,951) 2,884,126,168 2,935,307,070 Construction in progress 18,805,831 83,996,420 L<strong>and</strong>, l<strong>and</strong> rights <strong>and</strong> air rights 295,303,475 295,305,625 Total capital assets 3,198,235,474 3,314,609,115 Bond issue costs, net <strong>of</strong> accumulated amortization 45,594,223 51,456,627 Interest rate swaps 31,714,500 33,961,137 Investments - restricted 686,208,559 900,246,114 Assets held for disposition 9,620,168 12,799,153 Total assets 4,802,435,601 4,988,137,464 Deferred outflows Accumulated decrease in fair value <strong>of</strong> hedging derivatives 1,813,815 - 25