1. The performance report to Defra should
reflect that to the BW Board whilst recognising that there may
be differences in the level of detail and overall emphasis/balance
of the content. The key areas to be covered are as follows:
| Financial | CBIT for individual business areas*; cash flow, balance sheet performance data*
|
| Commercial Property | Portfolio return by investment/ventures* appropriately segmented, including capital, income and returns, transfers in and out of the portfolios, and cost of capital against appropriate benchmarks.
|
| Leisure | BW income/(costs)*
|
| Joint Ventures | BW income/(costs)*
|
| Defra authorised Projects | Costs/income (net/gross/forecast/outturn); borrowing/gearing; IRR (including any adjustments); milestones.
|
| Core Waterways costs | Operating breakdown; regional breakdown; efficiency measure (with effect from October 2007)
|
| Restoration | Income/Contribution; commentary
|
| Costs | Central overheads; regional costs (ytd; full year)
|
| People | Headcount (current, previous data, years 2 & 3 of plan)
|
| Risk | a copy of the dartboard and risk register which goes to the Board; including any report on portfolio risk
|
| Customers/Stakeholders | Measure(s) of stakeholder satisfaction, based on customer survey
|
| Assets | Asset Condition; consequence of failure; unscheduled closure
|
| Waterways Standards | percent% of minimum acceptable standards met by region and functions
|
| Sustainability Reporting | To be developed (available from autumn 2007).
|
| Value and movement towards or away from financial self-sufficiency
| For example, the net value of BW's projected income and expenditure streams and arrears valuation.
|
* (ytd; full year; previous year; years two and three
of plan).
2. BW will advise Defra of the dates when this information
will be available so as Shareholder Meetings can be scheduled
around two weeks later.
