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Balance Sheets – Liabilities & Equity

blank	2005	2004
Liabilities and Net Capital
Current Liabilities:
Compensation and benefits	2,852	$ 2,640
Estimated prepaid postage	1,200	1,256
Payables and accrued expenses:
Commercial vendors and accrued expenses	1,568	1,711
Foreign countries	688	778
U.S. government	76	87
Total payables and accrued expenses	2,332	2,576
Customer deposit accounts	1,720	1,606
Outstanding postal money orders	830	767
Prepaid box rentals and other deferred revenue	477	425
Debt	-	1,800
Total Current Liabilities	9,411	11,070
Non-Current Liabilities:
Workers’ compensation costs	6,695	6,651
Employees’ accumulated leave	2,016	2,006
Deferred revenue	692	288
Long term portion capital lease obligations	644	652
Other	369	381
Total Non-Current Liabilities	10,416	9,978
Total Liabilities	19,827	21,048
Net Capital
Capital contributions of the U.S. government	3,034	3,034
Retained earnings (deficit) since reorganization	2,342	897
Total Net Capital	5,376	3,931
Total Liabilities and Net Capital	$25,203	$24,979

See accompanying notes to financial statements.