The financial statements for Community Hospital delineate the organization's standings for the 2012 and 2013 fiscal years. The organization's current assets listed as 188 million 2013 and 176 million 2012 this representation shows the organization had more liquidity in 2013 than the previous year. Assets Cash and money on deposit are always the first line item on a financial statement as it the primary source to pay debts Finkler 2013. The hospital experienced increases in cash marketable securities inventory and prepaid expenses. However, in account receivables, the hospital decreased in net dollars reporting 44 million 2013 from 60 million in 2012. Bad accounts patients not paying their bills contractual allowance and uncollected copayments could account for part of the 16 million dollars decrease in account receivables Finkler 2013. Fixed assets are categorized as buildings and equipment minus depreciation, plus land, therefore the hospital showed a net increase reporting 320 million 2013, from 280 million 2012. Including intangible assets, the hospital reported 598 million 2013, from 556 million 2012 in total assets. In respect to liabilities and net assets. Community Hospital's total current liabilities increased to 94 million in 2013, from 78 million in 2012.
Current liabilities include wages payable, accounts payable, taxes payable in for-profit organizations and unearned revenue Finkler 2013. The hospital reported total net assets as 136 million in 2013 and 108 million in 2012. Which includes unrestricted temporarily restricted permanently restricted assets. Unrestricted assets are the unfettered claim on a share where temporarily restricted are only restricted during certain periods of time and permanently restricted are not claimable Finkler 2013. Total net assets represent the difference between assets and liabilities therefore taking the difference between the two the hospital reported 598 million 2013 and 556 million 2012. The overall analysis of the financial statement shows assets left to total liabilities and net assets right to be in balance. The purpose of this financial statement is to show the revenue run and expenses for a specific timeframe Finkler 2013. The statement of operation also known as an income statement for the hospital represents year-end for 2013 2012. Most of the revenue is received from net patient services plus premium and other revenues reporting 224 million in 2013 and 191 million in 2012. Expenses include salaries and benefits medical supplies and drug insurance, depreciation interest and provision for bad debts. The hospital reported total expenses as 212 million in 2013 and 189 million in 2012. Comparing the balance sheet and the income statement balance sheet reported 66 million 2013 and 38 million 2012 in unrestricted assets difference of 28 million for the 2013 fiscal year. The income statement is an itemization of the 28 million that represents all the elements that affect net assets Finkler 2013.
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