2003-253P. - Laserfiche WebLink

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Indian River Memorial Hospital , Inc. and Subsidiaries Consolidated Statements of Changes in Net Assets For the Years Ended September 30 , 2002 and 2001 2002 2001 Unrestricted Net Assets (Deficit) excess of revenues over expenses $ (913772898) $ 13405,958 Unrealized (losses) gains on other than trading securities (526912441 ) ( 102839,027) Net assets released from restrictions used for purchase of property and equipment 7462265 4233, 105 Other decrease in unrestricted net assets - (27,066) ' Additional minimum pension liability . (2, 104,835) Cumulative effect of change in accounting method - (318,305) - - = Discontinued operations: - -_ - Loss from operations or discontinued business (8682691 ) (3872508) - Loss 387,508) -Loss on disposal of discontinued business including provision for operating losses during phase-out period (409890) - Decrease in unrestricted net assets (1776552795) (9,4242538) Temporarily Restricted Net Assets Restricted gifts for property and equipment 42942,939 213602194 Income from investments- - - - 173, 748 1712985 = - Change in unrealized losses - (795,283) (856, 139) Net assets released from restrictions - (7462265) (423 , 105) - Fund-raising expenses - _ (5922268) (863 , 181 ) Net assets received from satisfaction of endowment restriction 87,335 279066 - Increase in temporarily restricted net assets 3207030206 41.65820 Permanently Restricted Net Assets - - Income from investments 872335 27, 066 Net assets released from restrictions (87,335) (27,066) Increase in permanently restricted assets - - Decrease in net assets _ (1425852589) (9, 0073718) 1 Net assets, beginning of year 109,993 , 858 119, 001 ,576 ( Net assets, end of year $ 952,4082269 $ 10979933858 t 1 . I The accompanying notes are an integral part of these consolidated financial statements . I' -5-