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

4. BALANCE SHEET
Balance Sheet Current Previous Last
(£m) Period Period Yr End
Aug-12 Jul-12 Mar-11
Non-current assets £390.4 £390.3 £389.1
Current assets
Inventories £5.8 £5.8 £7.0
Trade and other receivables £35.1 £40.2 £29.5
Cash and cash equivalents £1.4 £5.4 £2.8
£42.4 £51.4 £39.3
Current liabilities
Trade and other payables (£67.2) (£69.1) (£48.2)
PFI \ Borrow ings (£6.3) (£6.3) (£5.5)
Provisions (£1.9) (£2.1) (£1.8)
Net current assets/(liabilities) (£33.1) (£26.1) (£16.2)
Non-current liabilities:
PFI \ Borrow ings (£255.8) (£255.8) (£259.9)
Trade and other payables (£4.9) (£4.9) (£4.9)
Provisions (£4.2) (£5.6) (£5.0)
Total assets employed £92.4 £98.1 £103.0
Financed by taxpayers' equity:
Public dividend capital £365.7 £365.7 £307.3
Retained Earnings - P&L (£284.7) (£279.1) (£216.4)
Retained Earnings - Donated Assets - - -
Revaluation reserve £11.5 £11.5 £11.3
Donated asset reserve £0.0 £0.0 £0.8
Total taxpayers' equity £92.4 £98.1 £103.0
Current Prior Last
KPIs Period Period Yr End
Aug-12 Jul-12 Mar-12
Average Debtors days 16 17 21
Debtors >90 days (£'000s) £1,240 £1,261 £592
Debtors >180 days (£'000s) £466 £495 £1,536
Debtors >365 days (£'000s) £2,089 £2,034 £2,825
Total Bad Debt Provision (£'000s) £2,412 £2,413 £1,926
>365 days provided (£'000s) £1,822 £1,782 £1,293
Average creditor days 50 53 58
Current ratio 53% 62% 71%
Better payment practice code performance:
- Non-NHS
- Volume - paid on time 1,569 1,781 2,773
- Volume - % paid on time 52.35% 52.41% 27.96%
- Value - paid on time (£'000s) £5,874 £20,475.00 £5,150
- Value - % paid on time 68.33% 78.85% 35.85%
- NHS
- Volume - paid on time 39 185 316
- Volume - % paid on time 33.91% 58.36% 34.39%
- Value - paid on time (£'000s) £169 £904 £1,630
- Value - % paid on time 10.82% 26.25% 30.52%
Key points:
• Overall balance sheet position shows a reduction of £5.7m,
related to the in month I&E deficit The cash position shows a
reduction of £4.0m, compared with July.
Key points:
• Average creditor days reduced from 53 in June to 50 in August whilst
average debtor days reduced from 17 to 16. Value of Non-NHS invoices
paid on time reduced from £20.4m to £5.9m in August this was due to PFI
unitary payment in July of £13.3m.
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