FINANCE: Royal Devon and Exeter Foundation Trust generated a surplus of £1.3m in 2012-13, against a plan of £3.5m.
A report to the board said an income and expenditure deficit of £21.6m had been incurred, inlcuding an impairment on fixed assets of £22.8m.
The report said: “Excluding the impairment a surplus of £1.3m has been generated against a plan of £3.5m.”
The tust achievind its £16.9m cost improvement plan during the year, £15.3m of which was recurrent savings.
Source date
April 2013
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