Workplace Safety & Prevention Services
Notes to Financial Statements
December 31, 2013
CHSI WSPS
74.36% share
Assets $ 3,713,920 $ 2,761,671
Liabilities 749,916 557,638
Net assets $ 2,964,004 $ 2,204,033
Operating results
(year ended December 31, 2013):
Revenue $ 4,927,603 $ 3,664,166
Expenses
(operating) 4,358,495 3,240,977
Excess of revenue over expenses 569,108 423,189
Expenses
(transfer to replacement reserve) 59,482 44,232
Increase in net assets $ 509,626 $ 378,957
Cash Flows:
Operating $ 954,987 $ 710,128
Financing (220,000) (163,592)
Investing (118,982) (88,475)
Increase in cash during year $ 616,005 $ 458,061
Investment consists of: 2013 2012
Balance, beginning of year $ 1,825,076 $ 1,541,918
Proportionate share of excess of revenue over expenses 378,957 283,158
Balance, end of year $ 2,204,033 $ 1,825,076
6. INVEStMENt IN CENtrE for HEALtH AND SAfEty INNoVAtIoN
(continued)
29
2013
annual
report
|
Workplace
Safety
&
Prevention
Services
