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:: Annual Report 2005


 

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Financial Performance Targets
Financial Performance Targets 2000/01 2001/02 2002/03 2003/04 2004/05
 

The Trust's breakeven performance for 2004/05 is 
as follows:


000

000

000

000

000

Turnover

163,440

173,576

210,257

215,098

236,706

Retained surplus/(deficit) for the year

17

(11,487)

11,668

(4,652)

(9,978)

Break-even in-year position

17

(11,487)

11,668

(4,652)

(9,978)

Break-even cumulative position

17

(11,470)

198

(4,454)

(14,432)

- Anticipated financial year of recovery
2007
Materiality test: - Break-even in-year position 0.0% -6.6% 5.5% -2.2% -4.2%

- Break-even cumulative position
0.0% -6.6% 0.1% -2.1% -6.1%

Capital cost absorption rate
The Trust is required to absorb the cost of capital at a rate of 3.5% of average relevant net assets. The rate is calculated as the percentage that dividends paid on public dividend capital, totalling 6,173k, bears to the average relevant net assets of 160,614k, that is 3.8%. The 3.8% is within the Department of Health's materiality range of 3.00% to 4.00%.