Health Services Resource Management.

Running Head: Health Services Resource Management
Health Services Resource
Management
Assignment 1
Student Name

Health Services Resource Management
Question 1:
(a)
Balance-sheet
2,015 2,014
Assets
Current-Assets
Short term receivables 11,80,862 13,10,776
Cash and Cash Equivalents 45,36,985 31,27,657
Inventories of drugs 40,139 34,333
Other Current Assets 20,428 1,08,328
Total Current-Assets 57,78,414 45,81,094
Non-Current Assets
Long term receivables 87,767 36,478
Motor vehicles 2,000 2,000
Property, Plant & Equipment 82,93,627 89,59,514
Total Non- Current Assets 83,83,394 89,97,992
Total Assets 1,41,61,808 1,35,79,086
Liabilities
Current-Liabilities
Short-term payables 3,26,708 6,98,129
Short term staff benefits 10,99,853 9,09,310
Other current liabilities 38,69,052 27,53,096
Total Current-liabilities 52,95,613 43,60,535
Non-Current Liabilities
Long term loans 2,40,877 1,74,900
Total Current-liabilities 2,40,877 1,74,900
Total Liabilities 55,36,490 45,35,435
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Health Services Resource Management
Equity 86,25,318 90,43,651
Total Equity 86,25,318 90,43,651
(b)
Income Statement
2,015 2,014
Income
Patient Fees revenue 27,40,239 25,10,626
Private practice fee revenue 2,86,996 3,06,927
Government Grants 34,23,015 34,22,197
State government grants 64,048 74,586
Car park revenue 42,507 99,723
Capital Purpose Income 2,71,521 3,39,864
Interest and dividends received 92,012 63,385
Other revenue 8,21,057 6,83,808
77,41,395 75,01,116
Expenses
Salary and wages 50,60,578 48,87,643
Medical expenses 80,982 77,529
Drug expenses 19,111 72,768
Food expenses 2,39,035 2,37,695
Fuel, Light, Power and Water 1,46,913 1,23,338
Superannuation 3,99,074 3,99,131
Work cover insurance 1,03,930 84,714
Insurance costs 3,689 63,889
Lease Expenses 80,109 78,321
Maintenance Contracts 34,639 43,560
Motor Vehicle Expenses 41,905 47,613
Non-Salary Labour Costs 36,561 17,644
Patient Transport expenses 810 4,531
Repairs & Maintenance 71,237 48,672
Other Administrative Expenses 9,20,244 9,03,036
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Health Services Resource Management
Accounting fees 13,400 970
Audit Fees 9,405 9,495
Bad & Doubtful Debts 0 407
Depreciation and Amortisation 7,30,304 7,09,452
Domestic Service expenses 1,67,802 1,46,659
81,59,728 79,57,067
Net Profit -4,18,333 -4,55,951
(C)
Two significant changes in the company's financials are:
1) Increase in current assets of 11,97,320 (+26% year on year change) and decrease in non-
current assets of 6,14,598 (-7%) resulted in the increase in total assets of 5,82,722 (+4%
yoy).
2) Increase in current liabilities of 9,35,078 (+21% yoy) and increase in non-current liabilities
of 65,977 (38%) resulted in the increase in total liabilities of 10,01,055 (+22% yoy).
Ability to pay short-term debts can be seen via liquidity ratios:
2015 2014
Current Ratio = Current Asset / Current
liabilities
1.091169993 1.05058072
(57,78,414/52,95,613) (45,81,094/43,60,535)
Current ratio of company in 2015 is more than 1 and even this ratio has increased slightly as
compared to 2014. So, the company's ability to pay short term debt is good.
(d)
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