Total operating expenditure for the year is £167.2 million and is £2.0 million greater than Plan. The Trust has an EBITDA surplus of £11.9 million; £2.5 million lower than the £14.4 million in Plan. The Plan requires £33.3 million cost improvements, comprised of Trust’s £26.4 million for 2016/17 plus a further £6.9 million in relation to undelivered 2015/16 requirement. Submitted plans are being reviewed. Capital Expenditure to 31st May 2016 totals £2.5 million and is £0.2 million ahead of Plan primarily as a result on expenditure on equipment replacement. The Cash balance at the end of April 2016 is £114.2 million; £8.6 million higher than Plan owing mainly to working capital movements. 4. RECOMMENDATION To receive and acknowledge the overall financial position for the period to 31st May 2016. Angela Dragone Finance Director 15th June 2016
Total operating expenditure for the year is £167.2 million and is £2.0 million greater than Plan. The Trust has an EBITDA surplus of £11.9 million; £2.5 million lower than the £14.4 million in Plan. The Trust’s Plan requires £33.3 million cost improvements, comprised of £26.4 million for 2016/17 plus a further £6.9 million in relation to undelivered 2015/16 requirement. Submitted plans are being reviewed. Capital Expenditure to 31st May 2016 totals £2.5 million and is £0.2 million ahead of Plan primarily as a result on expenditure on equipment replacement. The Cash balance at the end of April 2016 is £114.2 million; £8.6 million higher than Plan owing mainly to working capital movements. 4. RECOMMENDATION To receive and acknowledge the overall financial position for the period to 31st May 2016. Angela Dragone Finance Director 15th June 2016
A6_Month_2_Financial_Report.docx