07 CAFR cover FINAL.p65 - WMATA.com

Washington Metropolitan Area Transit AuthorityFY 2007 Comprehensive Annual Financial ReportStatements of Net AssetsJune 30, 2007 and 2006(in thousands)ASSETS2007 2006Current assets:Cash and deposits (note 3) $ 9,576 $ 7,462Investments (note 3) 280,872 395,126Contributions receivable (note 4) 102,443 62,896Accounts receivable and other assets (net of$1,400 in uncollectible accounts) 26,676 21,130Current portion of prefunded lease commitments (note 11) 132,264 145,066Materials and supplies inventory (net of allowance of$8,441 in 2007 and $8,639 in 2006) 82,603 79,746Total current assets 634,434 711,426Noncurrent assets:Long-term portion of contributions receivable (note 4) 138,727 119,745Net pension asset (note 8) 202,789 186,397Prefunded lease commitments (notes 11 and 12) 1,294,808 1,334,158Capital assets (note 5):Construction in progress 871,245 1,033,335Land 431,291 431,291Transit facilities and equipment, net 6,931,627 6,671,868Total noncurrent assets 9,870,487 9,776,794Total assets 10,504,921 10,488,220The accompanying notes are an integral part of these basic financial statements.21