FINANCE: Changes in the rules around accounting for expenditure under the private finance initiative could threaten Hinchingbrooke Health Care’s ability to breakeven for the year, according to board papers.
The trust’s March finance report said: “At year end there is a potential for a technical adjustment to the accounts in respect of the International Financial Reporting Standards treatment of the PFI scheme.”
It said this could impact upon the trust’s statutory duty to break even for the year. It said: “At the time of writing the impact is still to be determined and work has
commenced to quantify the potential impact at [Month 11] reporting.”