Trust Board papers November 2012 - Barking Havering and ...

FINANCIAL RISK TRIGGERS
BHR University Hospitals NHS Trust
Insert "Yes" / "No" Assessment for the Month
Historic Data
Current Data
Criteria
Qtr to
Dec-11
Qtr to
Mar-12
Qtr to
Jun-12
Jul 12 Aug-12 Sep-12
Qtr to
Sep-12
Comments where risks are triggered
1
Unplanned decrease in EBITDA margin in two
consecutive quarters
yes yes yes no No Yes Yes
11/12 figures influenced by position against Plan where
agreed Control total with SHA adjusted £10m. Ytd at Sep
2012/13 EBITDA -2.2% against plan of -1.6%
2
Quarterly self-certification by trust that the financial risk
rating (FRR) may be less than 3 in the next 12 months
yes yes yes yes Yes Yes Yes
Driven by deficit position both planned and actual
3
Working capital facility (WCF) agreement includes default
clause
4
Debtors > 90 days past due account for more than 5% of
total debtor balances
yes yes yes yes Yes Yes Yes
Taken from AR ledger, after application of bad debt provision.
Debtors > 90 days account for 9% of total debt. Overseas
patients forms a particular risk. Some debt written off in
September
5
Creditors > 90 days past due account for more than 5% of
total creditor balances
yes yes yes yes Yes Yes Yes
Taken from AP ledger, creditors over 90 days form 14% of
total creditors. Heavily influenced by cash-flow consequences
of running a deficit, plus planning for October's PFI payment.
6
7
8
Two or more changes in Finance Director in a twelve
month period
Interim Finance Director in place over more than one
quarter end
Quarter end cash balance