Johns Hopkins University Financial Report 1999

Balance Sheets
June 30, 1999 and 1998 (in thousands)

	1999	1998
Assets:
Cash and cash equivalents	$ 99,198	104,921
Accounts receivable, net	166,304	174,029
Prepaid expenses, deferred charges and other assets	16,812	25,759
Contributions receivable, net	173,893	120,404
Loans receivable, net	34,681	33,782
Investments	1,909,681	1,729,792
Deposits with bond trustees	3,622	3,659
Investment in plant assets, net	781,251	758,812
Interests in trusts and endowment funds held by others	74,708	43,069

Total assets	$ 3,260,150	2,994,227
Liabilities:
Accounts payable and accrued expenses	$ 171,640	181,275
Payables and deferred revenues under split interest agreements	44,979	43,682
Bonds payable	236,792	245,414
Notes payable	190,891	196,367
Obligations under deferred compensation agreements and other long-term liabilities	183,625	152,600

Total liabilities	827,927	819,338
Net assets:
Unrestricted	1,563,098	1,455,630
Temporarily restricted	231,773	179,427
Permanently restricted	637,352	539,832

Total net assets	2,432,223	2,174,889

Total liabilities and net assets	$3,260,150	2,994,227

[See accompanying notes to financial statements.]