Annual Report and Accounts 2012/13 - Royal Devon & Exeter Hospital

ROYAL DEVON AND EXETER NHS FOUNDATION TRUST - ANNUAL ACCOUNTS 2012/13
NOTES TO THE ACCOUNTS
11. Finance expense 2012/13 2011/12
£000 £000
Loans from the Foundation Trust Financing Facility 940 1,007
Unwinding of discount on provisions 10 11
Total 950 1,018
12. Better Payment Practice Code
2012/13 2012/13 2011/12 2011/12
Number £000 Number £000
Total non-NHS trade invoices paid in the year 98,777 132,343 92,381 120,249
Total non-NHS trade invoices paid within target 94,806 124,281 84,433 108,360
Percentage of non-NHS trade invoices paid within target 95.98% 93.91% 91.40% 90.11%
Total NHS trade invoices paid in the year 3,821 37,868 3,087 28,806
Total NHS trade invoices paid within target 3,365 34,629 2,576 24,759
Percentage of NHS trade invoices paid within target 88.07% 91.45% 83.45% 85.95%
The Better Payment Practice Code requires the Trust to aim to pay all valid non-NHS invoices by the due date or within 30 days of receipt of goods
or a valid invoice, whichever is later.
13. Losses and special payments 2012/13 2012/13 2011/12 2011/12
Number Value Number Value
£000 £000
Losses 92 45 104 77
Special payments 82 88 66 129
Total losses and special payments 174 133 170 206
Losses and special payments are items that Parliament would not have contemplated when it agreed funds for the health service or passed
regulation. By their nature they are items that ideally should not arise. They are therefore subject to specific control procedures compared with the
generality of payments. They are divided into different categories, which govern the way the individual cases are handled. Losses and special
payments are charged to the relevant functional headings in expenditure on an accruals basis, including losses which would have been made good
through insurance cover had NHS trusts not been bearing their own risks (with insurance premiums then being included as normal revenue
expenditure).
The losses and special payments note is compiled directly from the losses and compensations register which reports on an accruals basis with the
exception of provisions for future losses.
14. Public dividend capital
A charge, reflecting the cost of capital utilised by the Trust, is payable as public dividend capital dividend. The charge is calculated at the rate set by
HM Treasury (currently 3.5%) on the average relevant net assets of the Trust during the financial year. Relevant net assets are calculated as the
value of all assets less the value of all liabilities, except for donated assets and cash held with the Government Banking Service.
15. Intangible assets Software
licences
15.1 Intangible assets at 31 March 2012 £000
Fair value at 1 April 2011 1,397
Additions - purchased 888
Fair value at 31 March 2012 2,285
Accumulated amortisation at 1 April 2011 853
Provided during the year 242
Accumulated amortisation at 31 March 2012 1,095
Net book value
Purchased at 31 March 2012 1,183
Donated at 31 March 2012 7
Total at 31 March 2012 1,190
15.2 Intangible assets at 31 March 2013
Fair value at 1 April 2012 2,285
Additions - purchased 101
Fair value at 31 March 2013 2,386
Accumulated amortisation at 1 April 2012 1,095
Provided during the year 220
Accumulated amortisation at 31 March 2013 1,315
Net book value
Purchased at 31 March 2013 1,069
Donated at 31 March 2013 2
Total at 31 March 2013 1,071
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