1 / 7

Final Accounts

Final Accounts. 16 September 2010. Huw George, Director of Finance. Presentation. Financial context Financial analysis Performance Future picture. Financial context. Disaggregation from former organisations Agreement of opening balances Operating with Shared Ledgers No “Shadow running”

carolyn-ray
Download Presentation

Final Accounts

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Final Accounts 16 September 2010 Huw George, Director of Finance Huw George, Director of Finance

  2. Presentation • Financial context • Financial analysis • Performance • Future picture Huw George, Director of Finance

  3. Financial context • Disaggregation from former organisations • Agreement of opening balances • Operating with Shared Ledgers • No “Shadow running” • Corporate SLA with Velindre Trust Huw George, Director of Finance

  4. Financial analysis • £42m revenue for 6 months • Fixed assets of £8.5m • Split of expenditure • Screening£16.0m • NPHS £11.6m • Health Protection £12.0m • WCISU £ 0.5m • Wales Centre for Health £ 1.2m • CARIS £ 0.06m Huw George, Director of Finance

  5. Performance • Three financial targets • Breakeven • External Financing • Creditor Payment • ALL ACHIEVED Huw George, Director of Finance

  6. Future picture • 2010/11 • Significant challenge • Savings of £3.7m required • Schemes developed • Forecasting breakeven • Investing where we can • 2011 and beyond • Challenge will get tougher • Need to ensure and demonstrate efficiency • Look for different ways of working and uses of technology Huw George, Director of Finance

  7. Conclusion • A period of establishment • Successful first 6 months • Sound financial basis • Meeting current challenges • Focusing, now, on future challenges Huw George, Director of Finance

More Related