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PIEDMONT HEALTH SERVICES, INC.
<br /> STATEMENTS OF OPERATIONS
<br /> FOR THE YEARS ENDED NOVEMBER 30, 2013 and 2012
<br /> 2013 2012
<br /> UNRESTRICTED REVENUES, GAINS AND OTHER SUPPORT
<br /> Net patient service revenue-Community
<br /> Health Centers $ 17,644,412 $ 16,224,708
<br /> Net patient service revenue-Senior Care
<br /> Program-Capitated Payments 7,997,352 7,199,661
<br /> Government grants 6,599,310 6,368,608
<br /> Unrestricted contributions 24,412 38,945
<br /> Other revenue 525,194 853,254
<br /> Net assets released from restrictions-
<br /> used for operations 1,891,592 3,645,962
<br /> Total Revenue, Operating
<br /> Gains, and Other Support 34,682,272 34,331,138
<br /> EXPENSES
<br /> Salaries 18,022,180 16,739,254 ,
<br /> Fringe benefits 4,125,663 3,709,293
<br /> Patient care expenses 4,479,524 4,144,306
<br /> Travel 230,937 242,732
<br /> Training , 62,497 61,335
<br /> Supplies-medical and other 2,646,595 2,324,482
<br /> Donated drugs 660,648 2,383,969
<br /> Consultant services 92,655 103,706
<br /> Occupancy 484,154 449,012
<br /> Insurance 108,575 87,037
<br /> Telephone 272,918 259,344
<br /> Repairs and maintenance 733,992 524,006
<br /> Bad debt expense 483, 137 17,447
<br /> Depreciation 1,231,684 1,103,715
<br /> Amortization 12,597 11,378
<br /> Interest expense 284,609 265,795
<br /> Other operating expenses 1,235,606 _ 1,065,040
<br /> Total Expenses 35, 167,971 33,491,851
<br /> OPERATING INCOME (LOSS) (485,699) 839,287
<br /> NON-OPERATING GAINS (LOSSES)
<br /> Interest income 1,990 5,804
<br /> Unrealized gain (loss) on investments 265 844
<br /> Gain (loss) on disposition of fixed assets 1,980 ( 4,558)
<br /> Government grants for capital
<br /> improvement projects 44,631 458,749
<br /> Net assets released from restrictions-
<br /> used for capital acquisitions 26,551 160,777
<br /> Total Non-Operating Gains 75,417 621,616
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