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2016-17 Annual Report

April 1, 2016 – March 31, 2017

Audited financials

(in thousands of dollars)

  2017
$
2016
$

Assets

   
Current assets    
Cash and cash equivalents 127,786 140,936
Accounts receivable 32,114 36,849
Inventories 4,444 3,898
Prepaid expenses and other assets 8,619 7,907
3.0 redevelopment project 151,615 -
 

  324,578 189,590
 
Restricted investments 81,519 85,942
Long-term portion of 3.0 redevelopment project 47,971 97,558
Employee future benefits 34,379 32,285
Capital assets 658,969 541,051
 

  1,147,416 946,426
 

 

Liabilities

Current liabilities
Accounts payable and accrued liabilities 98,359 100,660
Long-term debt 1,000 1,000
Deferred capital and other contributions 25,466 33,423
3.0 redevelopment project 173,274 -
 

  298,099 135,083
 
Long-term debt 2,720 3,553
Long-term portion of 3.0 redvelopement project 31,535 97,302
Provision for sick leave benefits 365 387
Employee future benefits 28,694 27,000
Deferred captial and other contributions 468,468 367,962
Deferred research and trust contributions 86,715 84,425
Net assets 230,820 230,714
 

  1,147,416 946,426
 

Revenues

Ontario Ministry of Health and Long-Term Care/Toronto Central Local Health Integration Network/Cancer Care Ontario 500,916 483,142
Other funded programs 19,397 20,130
Preferred accomodation 2,765 3,018
In-patient 7,950 6,083
Out-patient 18,680 17,854
Sales and other revenue 50,218 49,714
Interest 2,548 5,053
Amortization of deferred contributions 11,786 13,035
Grants and donations for research and other purposes 71,659 67,189
Toronto Central Local Health Integration Network - Casey House - 6,930
 

  685,919 672,148
 

Expenses

Salaries and employee benefits 439,196 430,488
Medical and surgical supplies 54,763 51,285
Drugs 42,791 41,679
Other supplies 98,073 94,750
Bad debts 2,178 1,068
Interest accretion 168 204
Amortization of capital assets 27,057 26,537
Other funded programs 21,587 22,312
Toronto Central Local Health Integration Network - Casey House - 6,930
 

  685,813 675,253
 
Excess of revenues over expenses (expenses over revenues) for the year 106 (3,105)
 
Net assets - Beginning of year 230,174 233,819
 

Net assets - End of year 230,820 230,714