US Postal Service 2003 Annual Report Download - page 45
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2003 annual report united states postal service | 43
balance sheets
September 30,
(dollars in millions) 2003 2002
Liabilities and Net Capital (Deficiency)
Current Liabilities:
Compensation and benefits $ 2,518 $ 5,113
Estimated prepaid postage 1,349 1,500
Payables and accrued expenses:
Foreign countries 879 748
U.S. government 112 246
Unexpended appropriations — Note 11 406 583
Other 1,863 584
Total payables and accrued expenses 3,260 2,161
Prepaid box rentals, permit and metered mail 1,925 2,011
Outstanding postal money orders 768 986
Current portion of debt 7,273 3,815
Total Current Liabilities 17,093 15,586
Long-Term Debt, Less Current Portion — Note 5 17,300
Other Liabilities:
Deferred retirement costs — Notes 2, 6 and 7 —32,231
Less current portion reported in compensation and benefits —(2,185)
—30,046
Workers’ compensation costs — Notes 2 and 3 6,324 5,815
Employees’ accumulated leave 1,932 2,088
Other 1,026 1,182
Total Other Liabilities 9,282 39,131
Commitments and Contingencies — Notes 9 and 10
Total Liabilities 26,376 62,017
Net Capital (Deficiency):
Capital contributions of the U.S. government 3,034 3,034
Deficit since reorganization (2,168) (6,036)
Total Net Capital (Deficiency) 866 (3,002)
Total Liabilities and Net Capital (Deficiency) $27,242 $59,015
See accompanying notes to financial statements.