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A Day In the Life………. Jon Thompson Director General, Finance, MoD & Head of the Government Finance Profession July 2009. By any scale…………. Budget 2009/10 £35.4 billion +£4bn ops Assets 31 March 09 £106bn Land 240,000 hectares (1%) Military personnel 179,300 Civilians 90,600

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A day in the life

A Day In the Life……….

Jon Thompson

Director General, Finance, MoD &

Head of the Government Finance Profession

July 2009


By any scale
By any scale…………..

  • Budget 2009/10 £35.4 billion +£4bn ops

  • Assets 31 March 09 £106bn

  • Land 240,000 hectares (1%)

  • Military personnel 179,300

  • Civilians 90,600

  • AF Pension scheme £97.2bn

  • In pension & deferred 714,000

  • Carbon footprint 1% of total UK


Ftse comparison
FTSE Comparison

MoD Tesco (9)

Budget 2009/10 £39bn £48.3bn

Net Balance Sheet £97bn £28.2bn

People 269k 273k

Pension Scheme £97bn

In pension & defer’d 714k






Fixed assets @ 31 march 2008
Fixed Assets @ 31 March 2008

  • Dwellings 3,504

  • Land & Buildings 16,270

  • SUME 35,766

  • Plant & Machinery 1,752

  • Transport 4,670

  • IT & Comms 1,058

  • Assets under construct 11,141 (SUME)

  • Assets under construct 3,826 (other)

  • Total 77,930

  • Tracking is challenging – 200,000 assets - post IFRS on b/sheet will increase by 30,000 to 70,000 assets


Afghanistan

£3bn?





Personal challenges
Personal Challenges

  • Biggest single public sector body

  • Unbelievably complex – scientifically, technically, organisationally

  • People leadership – c.3,000 staff

  • People interactions

  • Place in the world; a force for good

  • Mentally, physically and psychologically tough


Strategic financial issues
Strategic Financial Issues

  • Financial Strategy

  • Fiscal situation and funding

  • Prioritisation

  • Efficiency

  • Financial Discipline

  • Strategic Defence Review

  • Vision for financial management


Specific financial challenges
Specific Financial Challenges

  • IFRS

  • Asset and Balance Sheet Management

  • Costing outputs

  • Financial Risk

  • Delivering insight and information

  • Relationships and skills



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