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Putting Quality First Annual Report And Accounts 2009/2010

Putting Quality First Annual Report And Accounts 2009/2010. Sir Michael Lyons. Chairman, BBC. Zarin Patel. Chief Financial Officer, BBC. 2009/10 Financial Highlights. Maximising income through more efficient collection – to invest in great programmes.

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Putting Quality First Annual Report And Accounts 2009/2010

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  1. Putting Quality First Annual Report And Accounts2009/2010

  2. Sir Michael Lyons Chairman, BBC

  3. Zarin Patel Chief Financial Officer, BBC

  4. 2009/10 Financial Highlights

  5. Maximising income through more efficient collection – to invest in great programmes • Gross licence fee income up 2%, including Help Scheme and Digital UK • Evasion cut to 5.2% despite tough economic climate and low household growth (0.49%) • Increased direct debit (68%) and self-serve (44%) transactions

  6. £2bn £548m £480m £404m £316m Projected £237m On track to hit ambitious efficiency targets Target of £2.0bn (£1.8bn net of costs), saving 15% of our total cost base Multimedia Newsroom Going tapeless at Pacific Quay

  7. Quality content for less than 40 pence per day • Content spend held at £2.5bn • Cost per user hour trends down • Focusing on high quality output • BBC reach maintained at 97%

  8. Maximising return on licence fee investment - BBC Worldwide • Income grown by 7% - resilient to economic downturn • Focus on leading brands and overseas channels increased operating profit by 36.5% • £151m returned to the BBC: • £77.5m invested in BBC programmes • £73.6m returned in dividends

  9. Supporting the UK’s creative industries with more than £1.1billion of investment

  10. Proactive pension management will ensure a sustainable, affordable future • Valuation impacted by market uncertainty, life expectancy and lower interest rates • In 2009, we removed pension augmentation on early retirement • Our recently announced reforms will: • reduce pension cost to the BBC • minimise future volatility and risk

  11. Looking ahead to 2010/11

  12. Mark Thompson Director-General, BBC

  13. Putting Quality First

  14. Consumption Of The BBC • Almost the entire population - 97% - use a BBC Service every week • 85% watch BBC TV every week • 80% of UK adults use BBC News across platforms • 66% of radio listeners tune in to the BBC every week

  15. Strengthening Public Support On many key measures the BBC’s strong standing with the public has improved • 87% approve of the BBC • The proportion of ‘high approvers’ is UP to 38% • Appreciation for BBC TV programmes UP to 82% • The proportion of those agreeing strongly that BBC TV programmes are ‘original and different’ up to 37% ICM Poll (Autumn 2009) • 77% of the public said they are proud of the BBC (Up from 68% five years ago) • Scores for trust and VFM were also UP compared to five years ago.

  16. Making The Licence Fee Work Harder • £316m efficiency saving at a cost of £41m • On target to achieve £2bn of efficiencies by 2013 • Major investments outside London ◦ Network Supply Review on course ◦ Major Projects on track • £7.7bn contribution to the Creative Economy◦ £460m spent on independent production companies • Record turnover and profits from BBC WW (£1,074m, £145m)

  17. Making The Licence Fee Work Harder • £7.7m reduction in talent pay • More detailed bands in the future • 10.4% reduction in Senior Manager paybill (at end May 2010) • 24 fewer Senior Managers since October 2009 • 9% reduction in expenses across the BBC

  18. A Year of Partnership • Project Canvas – BBC, BT, ITV, Five, TalkTalk, Channel 4& Arqiva • HD on DTT, Freesat • British Museum – A History of the World in 100 Objects • Henry Moore at Tate Britain • Multiple additional new partnerships with radio industry, the BL, BFI, City of Bristol

  19. Putting Quality First – The BBC’s Mission To inform, educate and entertain audiences with programmes and services of high quality, originality and value.

  20. Putting Quality First - Implementation • Spending 90p of every Licence Fee pound on making programmes and getting them to the public • A more focused, high quality Online offering • Comprehensive strategy for Digital Radio • Challenging every BBC service to respond to Putting Quality First

  21. Looking Ahead • Meeting fresh challenges◦Canvas◦Universal broadband roll-out◦Digital Radio◦Delivering our projects◦2012 • Driving the reform agenda◦Pay & Pensions◦Accelerating reductions in management costs and numbers◦Developing new approaches to VFM

  22. Putting Quality First

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