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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
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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