Portland District Health Annual Report 2005 - South West Alliance of ...

Comparative Financial Analysis2003/04 2004/2005Description $’000 $’000Total Expenses 24,125 25,913Total Revenue 23,271 24,45Operating Surplus/(Deficit) (854) (1,462)Retained Surplus at 1st July(854) (1,462)Adjustment Resulting in Changein Accounting PolicyRetained Surplus 30 June (854) (1,462)Total Assets 31,854 30,906Total Liabilities 7,640 7,654Net Asset 24,214 23,252Asset Revaluation -Contributed Capital 25,068 25,068Equity Injection 500Retained Earnings (854) (1,462)Total Equity 24,214 24,106The information requirements listed in The directions of the Minister for Finance part 9.1.3 (iv) have been preparedand are available to the minister, Member of Parliament and the public on request.*As a result of the amalgamation between the Portland & District Hospital and Portland and District CommunityHealth Centre on the 1/7/2003, there is no comparative data for periods prior to this date42