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%.
