Assignment number 4

SampleHelp4UHMO.xlsx

Income Statement

	Help4U HMO
Income Statement and Change in Net Assets
Year Ended June 30, 2015
	(in thousands)
Revenue:
	Premiums Earned	$26,682
	Co-Insurance	1,689
	Interest and Other Income	242
	Total Revenue	$28,613
Expenses:
	Salaries and Benefits	$15,154
	Medical Supplies and Drugs	7,507
	Insurance	3,963
	Provision for Bad Debt	19
	Depreciation	367
	Interest	385
	Total Expenses	$27,395
Net Income		$1,218
Net Assets, Beginning of Year		$900
Net Assets, End of Year		$2,118

	Help4U HMO
	Balance Sheet
	June 30, 2015
	(in thousands)
Assets
Cash and Cash Equivalents		$2,737
Net Premiums Receivable		821
Supplies		387
Total Current Assets		$3,945
Net Property and Equipment		$5,924
Total Assets		$9,869
Liabilities and Net Assets
Accounts Payable Medical Services		$2,145
Accrued Expenses		$929
Notes Payable		$141
Current Portion of Long-Term Debt		$241
Total Current Liabilities		$3,456
Long-Term Debt		$4,295
Total Liabilities		$7,751
Net Assets (Equity)		$2,118
Total Liabilities and Net Assets		$9,869