Overview of the Audit
The Audit Report 2024-2025 for Shatac Hospital has been independently reviewed, confirming the hospital’s adherence to statutory and regulatory requirements. The audit offers a clean, unqualified opinion on the hospital’s financial performance for the year ending June 30, 2025, ensuring transparency, accountability, and financial integrity.
Financial Summary
This section provides a breakdown of the key financial results for 2024-2025:
- Income:
- Ambulance Income: Rs. 897,265
- Dispensary Income: Rs. 1,250,200
- Laboratory Income: Rs. 20,180,640
- Maternity & Basic Primary Health Unit Income: Rs. 31,419,060
- Pharmacy Income: Rs. 33,155,388
- Other Income: Rs. 23,984,550
- Total Income: Rs. 110,887,000
- Expenditure:
- Program Expenses: Rs. 91,509,770 (93.7% of total expenditure)
- Administrative Expenses: Rs. 6,177,229 (6.3% of total expenditure)
- Total Expenditure: Rs. 97,686,999
- Surplus:
- Income Before Taxation: Rs. 13,200,104
- Taxation: Nil
- Income/(Deficit) for the Year: Rs. 13,200,104
Financial Statements
a. Statement of Financial Position (Balance Sheet) – Page 5
This section shows the financial standing of the hospital at the close of the year:
- Funds & Liabilities:
- Unrestricted Fund: Rs. 72,127,465
- Current Liabilities: Rs. 16,066,249
- Total Liabilities: Rs. 88,193,714
- Assets:
- Non-Current Assets: Rs. 46,111,406
- Current Assets: Rs. 42,082,308
- Cash & Bank Balance: Rs. 8,581,129
- Total Assets: Rs. 88,193,714
b. Statement of Income & Expenditure – Page 4
This detailed breakdown includes the income sources and the associated costs:
- Income:
- Total Income: Rs. 110,887,000
- Expenditure:
- Program Expenses: Rs. 91,509,770
- Administrative Expenses: Rs. 6,177,229
- Total Expenditure: Rs. 97,686,999
- Surplus: Rs. 13,200,104 (after taxation)
c. Statement of Cash Flows – Page 3
This section explains the cash movement for the year:
- Cash Generated from Operating Activities: Rs. 8,938,902
- Cash Used in Investing Activities: Rs. 851,830
- Cash and Cash Equivalent at Year-End: Rs. 8.5 million
Observations & Recommendations
- No material adverse observations were reported.
- Minor procedural suggestions were made to improve financial transparency, but they did not affect the credibility of the financial statements.
Key Financial Ratios/Indicators – Page 6
- Program Expense Ratio: 93.7% (reflecting that the majority of funds are directed towards program expenses)
- Administrative Cost Ratio: 6.3%
- Operating Surplus Ratio: 11.9%
- Liquidity Ratio: 2.62:1
- Cash Balance: Rs. 8.5 million (confirmed as healthy financial standing)
Utilization of Funds
Funds received during the year were used strictly for maternity care, healthcare services, and social welfare programs. There were no instances of diversion or misuse of funds.
Public/Donor-Friendly Gist (For Circulation) – Page 2
This section is designed for easy circulation among donors and stakeholders, emphasizing:
- Every donation was used responsibly for healthcare and social welfare programs.
- No misuse or diversion of funds.
- Strong internal controls ensure transparency and accountability.
- The hospital remains financially stable with healthy liquidity and strong governance.
Financial Position at a Glance
The hospital’s financial snapshot at the close of 2024-2025 includes:
- Total Income: Rs. 110.8 million
- Total Expenditure: Rs. 97.6 million
- Operating Surplus: Rs. 13.2 million
- Cash & Bank Balance: Rs. 8.5 million
