chapter 3 financial history

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table 3-3 workers' compensation expense and cash payments   Estimated Annual Increase/Decrease In Liability for Active Claims ($ millions) Administrative Charge (DOL) ($ million) Total Annual Expense ($ million) Payments to DOL for Postal Service Active Claims and Admin. Charges* ($ million) 1993 928 17 945 487             1994 311 16 327 501             1995 860 17 877 520             1996 718 19 737 531             1997 187 19 206 538             1998 739 21 760 567**         1999 593 20 603 585             2000 891 20 911 671             2001 937 33 970 694***       2002 1,474 37 1,511 818****     2003 1,412 45 1,457 892*****   Chapter 1 Compliance with Statutory Policies Introduction Chapter 2 Postal Operations Chapter 3 Financial Highlights Financial Summary Total Factor Productivity Civil Service Retirement System Legislation Federal Government Appropriations Emergency Preparedness Funding Breast Cancer Research Chapter 4 2003 Performance Report and Preliminary 2005 Annual Performance Plan

table 3-4 income and expense statement   2003 ($ million) 2002 ($ million) Difference ($ million) % Change Income Mail Revenue $65,701   $63,761 $1,940 3.0      Special Services 2,797   2,654 143 5.4      Revenue Forgone Appropriation       31         48   (17) (3.5)      Depreciation 68,529   66,463 2,066 3.1      Expense Compensation and Benefits 50,428   51,577 (1,129) 2.2      Other Costs 13,474   13,677   (203) (1.5)      Operating Expenses 63,902   66,234 (1,332) (2.0)      Income From Operations Interest Income 58   46 12 26.1      Interest Expense on Deferred Retirement Costs (116)   (1,601) (1,485) (92.8)      Interest Expense on borrowing (694)* (340) 354 104.1      Emergency Preparedness 177   179 (2) (1.1)      Emergency Expenses   (184)      (189)      (5) (2.7)      Net Income/(Loss) $3,868   ($676) $4,544 NM