1 / 16

A Day In the Life……….

A Day In the Life………. Jon Thompson Director General, Finance, MoD & Head of the Government Finance Profession July 2009. By any scale…………. Budget 2009/10 £35.4 billion +£4bn ops Assets 31 March 09 £106bn Land 240,000 hectares (1%) Military personnel 179,300 Civilians 90,600

Download Presentation

A Day In the Life……….

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. A Day In the Life………. Jon Thompson Director General, Finance, MoD & Head of the Government Finance Profession July 2009

  2. By any scale………….. • Budget 2009/10 £35.4 billion +£4bn ops • Assets 31 March 09 £106bn • Land 240,000 hectares (1%) • Military personnel 179,300 • Civilians 90,600 • AF Pension scheme £97.2bn • In pension & deferred 714,000 • Carbon footprint 1% of total UK

  3. FTSE Comparison MoD Tesco (9) Budget 2009/10 £39bn £48.3bn Net Balance Sheet £97bn £28.2bn People 269k 273k Pension Scheme £97bn In pension & defer’d 714k

  4. What Do We Spend It On?

  5. The size of the 30 year Equipment Programme 2009 £235bn

  6. £15bn?

  7. £24bn?

  8. Fixed Assets @ 31 March 2008 • Dwellings 3,504 • Land & Buildings 16,270 • SUME 35,766 • Plant & Machinery 1,752 • Transport 4,670 • IT & Comms 1,058 • Assets under construct 11,141 (SUME) • Assets under construct 3,826 (other) • Total 77,930 • Tracking is challenging – 200,000 assets - post IFRS on b/sheet will increase by 30,000 to 70,000 assets

  9. Afghanistan £3bn?

  10. Brent Crude Prices, $1 = £6m

  11. Pound v Dollar 2007 – 1 Cent = £7m

  12. Predicted spending – Resource 2008/09

  13. Personal Challenges • Biggest single public sector body • Unbelievably complex – scientifically, technically, organisationally • People leadership – c.3,000 staff • People interactions • Place in the world; a force for good • Mentally, physically and psychologically tough

  14. Strategic Financial Issues • Financial Strategy • Fiscal situation and funding • Prioritisation • Efficiency • Financial Discipline • Strategic Defence Review • Vision for financial management

  15. Specific Financial Challenges • IFRS • Asset and Balance Sheet Management • Costing outputs • Financial Risk • Delivering insight and information • Relationships and skills

  16. Questions?

More Related