1. Final Accounts 16 September 2010 Huw George, Director of Finance

2. Presentation Financial context Financial analysis Performance
Future picture
Huw George, Director of Finance

3. Financial context Disaggregation from former organisations
Agreement of opening balances
Operating with Shared Ledgers
No “Shadow running”
Corporate SLA with Velindre Trust
Huw George, Director of Finance

4. Financial analysis £42m revenue for 6 months Fixed assets of £8.5m
Split of expenditure
Screening £16.0m
NPHS £11.6m
Health Protection £12.0m
WCISU £ 0.5m
Wales Centre for Health £ 1.2m
CARIS £ 0.06m
Huw George, Director of Finance

5. Performance Three financial targets ALL ACHIEVED Breakeven
External Financing
Creditor Payment
ALL ACHIEVED
Huw George, Director of Finance

6. Future picture 2010/11 2011 and beyond Significant challenge
Savings of £3.7m required
Schemes developed
Forecasting breakeven
Investing where we can
2011 and beyond
Challenge will get tougher
Need to ensure and demonstrate efficiency
Look for different ways of working and uses of technology
Huw George, Director of Finance

7. Conclusion A period of establishment Successful first 6 months
Sound financial basis
Meeting current challenges
Focusing, now, on future challenges
Huw George, Director of Finance