A day in the life
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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 Land240,000 hectares (1%) Military personnel179,300 Civilians90,600

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A Day In the Life……….

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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

  • Land240,000 hectares (1%)

  • Military personnel179,300

  • Civilians90,600

  • AF Pension scheme£97.2bn

  • In pension & deferred714,000

  • Carbon footprint1% of total UK


Ftse comparison

FTSE Comparison

MoDTesco (9)

Budget 2009/10£39bn£48.3bn

Net Balance Sheet£97bn£28.2bn

People 269k 273k

Pension Scheme£97bn

In pension & defer’d714k


What do we spend it on

What Do We Spend It On?


The size of the 30 year equipment programme

The size of the 30 year Equipment Programme

2009

£235bn


A day in the life

£15bn?


A day in the life

£24bn?


Fixed assets @ 31 march 2008

Fixed Assets @ 31 March 2008

  • Dwellings 3,504

  • Land & Buildings16,270

  • SUME35,766

  • Plant & Machinery 1,752

  • Transport 4,670

  • IT & Comms 1,058

  • Assets under construct11,141(SUME)

  • Assets under construct 3,826(other)

  • Total77,930

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


A day in the life

Afghanistan

£3bn?


Brent crude prices 1 6m

Brent Crude Prices, $1 = £6m


Pound v dollar 2007 1 cent 7m

Pound v Dollar 2007 – 1 Cent = £7m


Predicted spending resource 2008 09

Predicted spending – Resource 2008/09


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


A day in the life

Questions?


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