29 Condensed balance sheet and condensed statement of operations and accumulated deficit

PHILADELPHIA REGIONAL PORT AUTHORITY

Condensed Balance Sheet and Condensed Statement of Operations and Accumulated Deficit

[32 Pa.B. 164]

Condensed Balance Sheet

June 30, 2001

Audited
in Thousands*

Assets
Current Assets	* 7,568
Restricted Assets	6,154
Fixed Assets (Net)	71,455
Other Assets	1,156
Total Assets	86,333
Liabilities and Fund Equity
Current Liabilities	5,583
Long Term Liabilities	52,579
Total Liabilities	58,162
Contributed Capital	40,397
Accumulated Deficit	12,226
Total Fund Equity	28,171
Total Liabilities and Funds	86,333

Condensed Statement of Operations and Accumulated Deficit

Year Ended June 30, 2001
Audited in Thousands*

Oper. Revenue and Grants	* 13,830
Operating Expenses	-7,857
Depreciation and Amortization	-7,143
Net Interest Income/Expense	-2,602 -3,772
Add:  Depreciation that Reduces Contributed Capital	3,747
Increase in Deficit	-25
Accumulated Deficit:
Accum. Deficit (Beg. of Year)	-12,200
Accum. Deficit (End of Year)	-12,225

JAMES T. MCDERMOTT,   
Executive Director

[Pa.B. Doc. No. 02-29. Filed for public inspection January 4, 2002, 9:00 a.m.]