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PIEDMONT HEALTH SERVICES, INC.
<br /> STATEMENTS OF CHANGES IN NET ASSETS
<br /> FOR THE YEARS ENDED NOVEMBER 30, 2013 and 2012
<br /> 2013 2012
<br /> UNRESTRICTED NET ASSETS
<br /> Operating income (loss) $ ( 485,699) $ . 839,287
<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
<br /> Restrictions for capital
<br /> Acquisitions 26,551 160,777
<br /> Increase (decrease) in
<br /> unrestricted net assets ( 410,282) 1,460,903
<br /> TEMPORARILY RESTRICTED NET ASSETS
<br /> Contributions for:
<br /> Care Management Initiative Program 106,000 106,_ 000
<br /> Increased access to care for the
<br /> uninsured 750,000 187,500
<br /> Donated drugs for indigent patients 727,990 2,188,912 -
<br /> Breast Health Education and Screening 64,983 100,000
<br /> Purchase of wheel chair equipped van - 67,000
<br /> Respite Care Program 10,000 10,000
<br /> Reach Out and Read Program - 2,941
<br /> Senior care support Program 262,374 -
<br /> Health center renovation 150,000
<br /> Capital improvements 26,551 -
<br /> Residency Program- 13,696 79,647
<br /> Dental technology Program 10,000
<br /> 2,121,594 2,742,000
<br /> Net assets released from restrictions:
<br /> For operations (1,891,592) (3,645,962)
<br /> For capital acquisitions ( 26,551) ( 160,777)
<br /> (1,918,143) (3,806,739)
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