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42 | 2004 annual report united states postal service
฀Year฀ended฀September฀30,฀2004,฀2003฀and฀2002
฀ ฀ ฀
฀ ฀ ฀ Retained฀Earnings
฀ ฀ Capital฀ (Deficit)฀ Total฀Net฀
฀ ฀ Contributions฀of฀ Since฀ Capital฀
(Dollars฀in฀millions)฀ U.S.฀Government฀ Reorganization฀ (Deficiency)
Balance,฀September฀30,฀2001฀ $3,034฀ $(5,360)฀ $
฀
(2,326)
Net฀loss฀ -฀฀ (676)฀ (676)
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
See฀accompanying฀notes฀to฀financial฀statements.
statements of changes in net capital (deficiency)