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44 | 2005 Annual Report United States Postal Service
Statements of changes in net capital
(Dollars in millions) Year ended September 30, 2005, 2004 and 2003
Capital
Contributions of U.S.
Government
Retained Earnings
(Deficit) Since
Reorganization
Total Net Capital
(Deficiency)
Balance, September 30, 2002 $ 3,034 $ (6,036) $ (3,002)
Net Income – 3,868 3,868
Balance, September 30, 2003 3,034 (2,168) 866
Net income – 3,065 3,065
Balance September 30, 2004 3,034 897 3,931
Net income – 1,445 1,445
Balance, September 30, 2005 $ 3,034 $ 2,342 $ 5,376
See accompanying notes to the financial statements.