1. Finance – Charles Porter Director of Finance

2. Income and Expenditure Financial position on track YTD Income ahead of budget due to higher activity and hospital delays Planned surplus of £1.6m lower than £2m PY due to 111 start up costs. Additional resources needed to achieve performance targets and 111 start ups are key risks to achieving planned surplus EBITDA = Earnings before interest tax, depreciation and amortisation

3. Cash Cash ahead of plan due to lower capex and positive working capital Cashflow planned to be £1.2m, which includes £1.5m of surplus, £3.7m of disposals (at risk), £8.7m of Capex (depreciation is £7m), and capital loan repayments of (£1.4m). Cash performance is a key financial indicator

4. CIPS £6.5m planned for 2012/13 Operations £3.6m Dual ECA £0.7m EOC restructure £0.3m Optimisation £0.4m Private provider replacement £0.3m Non conveyance £0.4m Corporate £2.4m Savings of non pay / overheads £0.7m (including retendering) Corporate Review £0.4m Non recurring £0.4m Commercial £0.5m

5. Monitor KPIs – Risk Rating Risk rating is key Monitor KPI Split into Liquidity and surplus / EBITDA FTs must continue to have a 3 rating SCAS has strong liquidity – 33 days, so scores a 4. SCAS will achieve a 3 if it has a surplus Surplus margin gets a 3 when 1% is achieved.