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OCR for page 33
Statement of Financial Position of the National Academy of Sciences fune 30, 1996 (With Comparative Totals for 1995 ASSETS Current Assets 1996 EXHIBIT A ($ in thousands) 1995 Cash and cash equivalents$ 251$ 243 Short-term investments (note 11)28,23628,456 Accounts receivable-U.S. Government22,64523,065 Other receivables (note 6)6,3193,334 Inventories of publications and supplies1,6381,370 Prepaid expenses and other assess833568 Total Current Assets$ 59,922$ 57,036 Property and equipment (note 3)16,31915,361 Einstein Memorial1,7231,723 Other assets (note 5)4,8734,587 Endowment and Trust investments (note 11)150,211140 985 Total Assets$ 233,048$ 219,692 LIABILITIES AND NET ASSETS: Current Liabilities Accounts payable and accrued expenses$ 12,292$ 16,329 Advances on U.S. Government contracts4,5155,492 Deferred revenue10,6459~608 Total Current Liabilitz'es $ 27,452 $ 31,429 Lon~r-term liabilities Funds held on behalf of others (note 1)$ 10,987$ 11,426 Accrued employee benefits (note 5)7,7766,097 Otherliabilities (noted)3,2444~705 $ 22,007$ 22,228 Total Liabilitz'es$ 49,459$ 53,657 Net Assets Unrestricted$ 79,954$ 71,825 Temporarily restricted (note 12)33,47524,444 Permanently restricted (note 12)70,16069,766 Total Net Assets $ 183,589 $ 166,035 Total Liabilitz'es and Net Assets $ 233,048 $ 219,692 See accompanying explanatory notes to the financial statements. .. ,
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