Page 43 - Statement of Intent 2015/16

 Working capital facilities of no greater than 1/12 of crown revenue paid to the provider.
The business case for the service and campus reconfiguration specified the future financing and equity structure required to support the programme, and our Annual Plan has been prepared on the basis of these planned financing arrangements.
3.3 Other Measures and Standards Necessary to Assess DHB Performance
The key financial indicators are set out in the following table.
There are no plans to repay equity (except for the annual payment of $2 million as per FRS- 3 Accounting for Property, Plant and Equipment) in the next three years.
The following tables set out the planned financial performance by division.
Table: Prospective Financial Targets and Measures DHB Provider
Treasury Covenants
2013/14 $000 ACTUAL
2014/15 $000 FORECAST
2015/16 $000 PLANNED
2016/17 $000 PLANNED
2017/18 $000 PLANNED
2018/19 $000 PLANNED
Equity to Total Assets
34%
37%
36%
35%
35%
37%
Interest covered
4.11
3.80
4.36
4.15
4.43
4.76
Debt to Debt + Equity
52%
49%
50%
50%
50%
48%
DHB Provider Forecast Statement of Financial Performance
2013/14 $000 A CTUA L
2014/15 $000 FORECA ST
2015/16 $000 PL A NNED
2016/17 $000 PL A NNED
2017/18 $000 PL A NNED
2018/19 $000 PL A NNED
REV ENUE
Patient care revenue
730,153
741,685
767,771
784,953
801,075
817,331
Other operating income
16,099
16,043
16,365
15,764
16,888
18,066
Finance income
1,338
1,681
1,200
2,930
2,969
2,990
TOTAL REVENUE
747,590
759,409
785,336
803,647
820,932
838,387
EXPENSES
Personnel costs
481,160
490,167
509,666
519,858
530,259
540,867
Outsourced Services
52,355
48,293
49,799
50,758
52,927
56,848
Clinical Supplies and Patient Costs
139,109
144,615
156,882
161,897
166,108
170,416
Infrastructure & Non-clinical Supplies
121,468
129,280
120,584
124,228
127,685
128,728
Internal Recharges
(2,315)
(2,319)
(2,317)
(2,375)
(2,434)
(2,495)
TOTAL EXPENSES
791,776
810,036
834,614
854,366
874,545
894,364
SURPLUS/(DEFICIT)
(44,187)
(50,627)
(49,278)
(50,719)
(53,613)
(55,977)
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