269 Condensed state of changes in net assets audited

PHILADELPHIA REGIONAL PORT AUTHORITY

Condensed State of Changes in Net Assets Audited

[35 Pa.B. 849]

June 30, 2004 and 2003 Condensed State of Changes in Net Assets Audited

	Year to Date June 30, 2004	Year to Date June 30, 2003
Total Revenues	5,852,282	4,117,996
Total Operating   Expenses	18,616,802	16,846,161
Operating Gain (Loss)	<12,764,520>	<12,728,165>
Net Nonoperating   Revenues (Expenses)	7,817,242	371,257
(Loss) Gain   Before Capital Grants	<4,947,278>	<12,356,908>
Capital Grants	9,031,831	11,993,455
Change in Net Assets	4,084,553	<363,453>
_________________
Net Assets,   Beginning of Year	23,741,065	24,104,517
Net Assets,   End of Year	27,825,618	23,741,065

 

June 30, 2004 and 2003 Condensed Statement of Net Assets Audited

	Assets
Total Current Assets	3,984,338.21	6,588,989.95
Total Noncurrent   Assets	86,290,261.17	81,262,723.54
Total Assets	90,274,599.38	87,851,713.49
_________________
	Liabilities and Net Assets
Total Current   Liabilities	6,161,160.14	5,750,834.18
Total Noncurrent   Liabilities	56,287,821.42	58,359,813.92
Total Liabilities	62,448,981.56	64,110,648.10
Total Net Assets	27,825,617.82	23,741,064.79
Total Liabilities and    Net Assets	90,274,599.38	87,851,712.89

JAMES T. MCDERMOTT, Jr.,   
Executive Director

[Pa.B. Doc. No. 05-269. Filed for public inspection February 4, 2005, 9:00 a.m.]