Items from the Better Health Hospital’s balance sheet and
revenue and expense (income) statement for the 2018/19 financial
year (ending 30 June) were accidentally listed in alphabetical
order as follows:
- Question 2 Items From The Better Health Hospital S Balance Sheet And Revenue And Expense Income Statement For The 2018 1 (152.47 KiB) Viewed 32 times
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Required:
a) Prepare an income statement for this organisation.
b) Prepare a balance sheet. Make sure to distinguish between
current and non-current assets and liabilities. All figures are in
thousands of dollars.
c) Do you think that this hospital is in a good position to pay
its short-term debts? Explain your answer.
d) Suppose that staff entitlements were a current liability
rather than a non-current liability. How would that affect your
answer to part (c)?
e) Did the hospital experience a net cash inflow or net cash
outflow for this financial year?
Administrative expenses Audit fees Bank overdraft Cash at bank Debtors Drugs expense Food supplies Fuel, light and power Government grants Income from Department of Human Services Income from private practice Interest income Inventories Laundry Long-term borrowings Long-term investments Long-term lease liabilities Medical supplies expense Other creditors Other expenses Other revenue Other staff expenses Patient fees receivable Patient fees Patient transport Property income Property, plant and equipment Repairs and maintenance Research assets (long term) Salaries and wages Short-term Borrowings Short-term Investments Short-term lease liabilities Staff entitlements* Superannuation Total equity Trade creditors 8,797 92 532 3,249 2,961 8,440 2,038 1,246 121,201 1,598 2,934 286 813 2,631 985 3,100 209 13,965 9,729 1,551 4,521 3,398 2,815 12,401 223 13,342 121.048 3,657 1,707 91,991 197 35.435 15,618 11,069* 5.825 126,197 6,592 * These are long term entitlements