Official Sensitive - Live Group · Interim Results. BALANCE SHEET (£m) 31/6/16 31/6/17. Goodwill...

Official Sensitive

Carillion and commercial failure reducing risk through collaborationJudith Hann-GreavesTim Jones Chris Kelly Lucy Finn Matt Hilson

Tim Jones(MOJ)

Contents

Scene SettingFinancial Due DiligenceProgress Next StepsPanel Session QampA

Outsourcing ContextCarillion and commercial failure reducing risk through collaboration

Scene Setting Due Diligence Progress QampA



Due DiligenceChris Kelly (DWP) and Lucy Finn (HMRC)

Carillion and commercial failure reducing risk through collaborationScene Setting Due Diligence Progress QampA

How should we assess supplier financial and economic standing

Key principles ndash proportionality and equal treatment

Reviews by experienced people

Use a set of standardised metrics and ratios


Which of these is the most important financial statement

A Profit and loss accountB Balance sheet

C Cash flow statement



A B and C

They are all important ndash the ANNUAL REPORT contains a lot of financial information which is essential to include in our assessment


Supplier Balance SheetPresented with this balance sheet what do you think is the key piece of information

Highlighted some key balances

1) Goodwill - pound14bn 30 of asset value

2) Cash position - pound1bn

3) Loansdebt - pound17bn (+ pound700m CL)

4) Negative net worth ndash circa pound1bn

5) Other


ResultsAll are important and we need to be conscious of each

But the devil is in the detailhellip

Calculations and narrative explanations are included in the notes which give vital context

- Goodwill reduced write off

- Debt reduced but what is the maturity profile

- What has caused the net deficit and the downward trend


Which of these are potential indicators of financial distress

A Net liabilities B High levels of external debtC Evidence to suggest funding arrangements are coming to an endD Reduced cash flowE Restructuring costsF Significant changes in employee numbersG Mass scale changes in key management personnelH Significant contingent liabilities



All of them

They all may be indicators of financial distress

BUT none are conclusive evidence

We have to gather all of the evidence and make an assessment

Look at the big picture


These are just a sample of things in the Annual Report that we should be looking at

An analysis of the key financials and ratios can give an overall picture

It is essential that people with the right experience are performing reviews and interpreting the information


Latest ProgressMatt Hilson

(MOJ)


Cabinet Office PlaybookBuilds on Procurement Policy Note 213

Finance guidance focussed onbull Financial Testingbull Risk Mitigationbull Financial Distressbull Ongoing Monitoring


Worked exampleINCOME STATEMENT (poundm) 01012016 31122016Months in period 12 12Consolidated N NAnnual Interim Annual AnnualTurnover 3951 4395Cost of sales -3610 -4044Gross profit 341 351Other Operating Cost Income -132 -169Operating profit 209 182

Exceptional items 4 23Interest amp other income -60 -60Interest paid 2 3Profit before tax 155 146

Tax -16 -17Profit after tax 139 129

BALANCE SHEET (poundm) 01012016 31122016Goodwill 1544 1571Other Intangible fixed assets 90 98Tangible fixed assets 141 144Other fixed assets (Fixed asset investments etc) 178 186Fixed assets 1953 2000

Other non current assets (Deferred tax etc) 104 164Other non-current assets 104 164

Stock amp WIP 64 79Trade debtors 1271 1664Other debtors 1 11Other current assets (Investments Deferred tax etc 15 46Cash and equivalent 462 470Current assets 1813 2270

Trade creditors 1714 2090Loans and overdrafts 34 97Other taxes and social security costs 7 12Provisions 5 8Other current liabilities 12 11Current liabilities 1772 2217

Working capital 42 52

Assets less curr liab 2098 2216

Other loans 599 592Other creditors 64 67Other non current liabilities 11 15Employee benefit liabilities (Pension etc) 406 811Provisions amp other creditors gt 1yr 2 1Long term liabilities 1081 1486

Minority interest 23 29Shareholders funds 994 701Net worth 1017 730

Capital employed 2098 2216

Ratios FY 2015 FY 2016Turnover (Ratio of Turnover to Annual Contract Value) 790 879Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) -6176 -9394Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA 08 12Interest Cover (EBIT divide Interest Expense) 36 31Acid Test (Current Asset-Stock)Current Liabilities 10 10Free Cashflow to Debt Ratio 09 07Net Pension -4062 -8106

RAG FY 2015 FY 2016Turnover (Ratio of Turnover to Annual Contract Value) G GNet Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) R RNet Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA G AInterest Cover (EBIT divide Interest Expense) G GAcid Test (Current Asset-Stock)Current Liabilities R RFree Cashflow to Debt Ratio G GNet Pension R R


Timeline

Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18

2 covenants deferred

Interim Accounts 30617

201516 Accounts published

201617 Interims

published

Year End 311216

CFO leaves

Profit Warning

issued

2 x NEDs appointed

10 share price drop


Interim ResultsBALANCE SHEET (poundm) 31616 31617Goodwill 1554 1452Other Intangible fixed assets 99 99Tangible fixed assets 149 138Other fixed assets (Fixed asset investments e 292 298Fixed assets 2094 1987

Stock amp WIP 76 57Trade debtors 1439 1185Other debtors 36 49Cash and equivalent 376 390Current assets 1927 1682

Trade creditors 1747 2000Loans and overdrafts 36 37Other Creditors 9 5Provisions 6 221Other current liabilities 26 2Current liabilities 1824 2264

Working capital 103 -582



Minority interest 29 30Shareholders funds 941 -436Net worth 970 -405


INCOME STATEMENT (poundm) 31616 31617Months in period 6 6Consolidated N NAnnual Interim Interim InterimTurnover 2087 1853Cost of sales -1917 -2566Gross profit 169 -713Other Operating Cost Income -74 -401Operating profit 95 -1115

Exceptional items 17 -7Interest amp other income 1 2Interest paid -29 -34Profit before tax 84 -1153

Tax -12 32Profit after tax 72 -1121

Ratios Interim 2016 Interim 2017Turnover (Ratio of Turnover to Annual Contract Value) 835 741Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) -6829 -19564Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA 581 -049Interest Cover (EBIT divide Interest Expense) 34 -348Acid Test (Current Asset-Stock)Current Liabilities 10 07Free Cashflow to Debt Ratio 00 00Net Pension -5096 -7215

RAG Interim 2016 Interim 2017Turnover (Ratio of Turnover to Annual Contract Value) G GNet Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) R RNet Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA R RInterest Cover (EBIT divide Interest Expense) G RAcid Test (Current Asset-Stock)Current Liabilities A RFree Cashflow to Debt Ratio R RNet Pension R R


Supplier Instructions

Authority RAG Thresholds

11 Lead Financial Input

12 Sub-Supplier Financial Inpu

21 Lead Ancillary Input

22 Sub-Supplier Ancillary Inpu

Authority Long List Ratios

31 Lead Supplier Assessment

32 Immediate Parent Assmt

33 Ultimate Parent Assmt

34 Sub-Supplier 1 Assmt



Knowledge Network

Coming soon

Please sign up for further communications via

CommercialFinancejusticegovuk


Judith Hann-Greaves(DWP)


PanelMark Leigh (DWP)

Hannah Gray (UKGI)Judith Hann-Greaves (DWP)

Tim Jones (MOJ)Chris Kelly (DWP)Lucy Finn (HMRC)Matt Hilson (MOJ)


Breakout SessionRiverside Balcony 1515 ndash 1545

Please sign up for further communications viaCommercialFinancejusticegovuk

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Company Name Sub-Supplier 3 Ltd

Country of Registration 0

Registered Number 0

DUNS Number 0

Most Recent Accounting Period End 31XX20XX

Notes (Potential Supplier to provide informationclarification on ratings

Assessment Area Most Recent Financial Year Earliest Period Latest Period Earliest RAG Latest RAG Earliest Score Latest Score Potential Supplier to input comments

Turnover (Ratio of Turnover to Annual Contract Value) ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) 0 0 0 R R R 0 0 0

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0

Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0

Acid Test (Current Asset-Stock)Current Liabilities ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0

Free Cashflow to Debt Ratio ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0

Net Pension 0 0 0 R R R 0 0 0

Internal MoJ Assessment

Assessment Area Most Recent Financial Year Earliest Period Latest Period Earliest RAG Latest RAG Earliest Score Latest Score Authoritys Revised RatingScore Further informationDocumentation Required






Operating Cashflow Ratio ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0 ERRORDIV0


Assessed by

Date Assesed



Registered Number 0

DUNS Number 0




















Assessed by

Date Assesed



Registered Number 0

DUNS Number 0

Most Recent Accounting Period End 31617



Turnover (Ratio of Turnover to Annual Contract Value) ERRORDIV0 83 74 ERRORDIV0 G G ERRORDIV0 8 7

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) 0 -683 -1956 R R R 0 0 0

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 6 -0 ERRORDIV0 R R ERRORDIV0 9 10

Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0 3 -35 ERRORDIV0 G R ERRORDIV0 0 0

Acid Test (Current Asset-Stock)Current Liabilities ERRORDIV0 1 1 ERRORDIV0 A R ERRORDIV0 0 0

Free Cashflow to Debt Ratio ERRORDIV0 0 0 ERRORDIV0 R R ERRORDIV0 G G

Net Pension 0 -510 -722 R R R 0 0 0








Operating Cashflow Ratio ERRORDIV0 0 0 ERRORDIV0 R R ERRORDIV0 G G

Net Pension 0 -510 -722 R R R 0 0 0

Assessed by

Date Assesed

Company Name Ultimate Parent Ltd


Registered Number 0

DUNS Number 0




















Assessed by

Date Assesed

Company Name Immediate Parent Ltd


Registered Number 0

DUNS Number 0




















Assessed by

Date Assesed

Company Name Lead Bidder Ltd


Registered Number 0

DUNS Number 0






Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 1 1 ERRORDIV0 G G ERRORDIV0 9 9

Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0 4 3 ERRORDIV0 G G ERRORDIV0 0 0

Acid Test (Current Asset-Stock)Current Liabilities ERRORDIV0 1 1 ERRORDIV0 R R ERRORDIV0 0 0

Free Cashflow to Debt Ratio ERRORDIV0 1 1 ERRORDIV0 G G ERRORDIV0 G G

Net Pension 0 -406 -811 R R R 0 0 0








Operating Cashflow Ratio ERRORDIV0 1 1 ERRORDIV0 G G ERRORDIV0 G G

Net Pension 0 -406 -811 R R R 0 0 0

Assessed by

Date Assesed

Lead Bidder Immediate Parent Ultimate Parent

Lead Bidder Ltd Immediate Parent Ltd Ultimate Parent Ltd

Financial Ratios Financial Ratios Financial Ratios

FINANCIAL RATIOS 123114 123115 123116 FINANCIAL RATIOS 31XX20XX 31XX20XX 31XX20XX FINANCIAL RATIOS 31XX20XX 31XX20XX 31XX20XX

Months in period 12 12 12 Months in period 12 12 12 Months in period 12 12 12

Consolidated N N N Consolidated N N N Consolidated N N N

Annual Interim Annual Annual Annual Annual Interim Annual Annual Annual Annual Interim Annual Annual Annual

Profitability Profitability Profitability

Change in Turnover () NA ERRORDIV0 11 Change in Turnover () NA ERRORDIV0 ERRORDIV0 Change in Turnover () NA ERRORDIV0 ERRORDIV0

Gross margin () ERRORDIV0 9 8 Gross margin () ERRORDIV0 ERRORDIV0 ERRORDIV0 Gross margin () ERRORDIV0 ERRORDIV0 ERRORDIV0

Operating margin () ERRORDIV0 5 4 Operating margin () ERRORDIV0 ERRORDIV0 ERRORDIV0 Operating margin () ERRORDIV0 ERRORDIV0 ERRORDIV0

Pre tax margin () ERRORDIV0 4 3 Pre tax margin () ERRORDIV0 ERRORDIV0 ERRORDIV0 Pre tax margin () ERRORDIV0 ERRORDIV0 ERRORDIV0

Return on capital employed () ERRORDIV0 10 8 Return on capital employed () ERRORDIV0 ERRORDIV0 ERRORDIV0 Return on capital employed () ERRORDIV0 ERRORDIV0 ERRORDIV0

Return on assets () ERRORDIV0 4 3 Return on assets () ERRORDIV0 ERRORDIV0 ERRORDIV0 Return on assets () ERRORDIV0 ERRORDIV0 ERRORDIV0

Interest cover ERRORDIV0 -872 -726 Interest cover ERRORDIV0 ERRORDIV0 ERRORDIV0 Interest cover ERRORDIV0 ERRORDIV0 ERRORDIV0

Dividend cover ERRORDIV0 18 16 Dividend cover ERRORDIV0 ERRORDIV0 ERRORDIV0 Dividend cover ERRORDIV0 ERRORDIV0 ERRORDIV0

Tax rate () ERRORDIV0 10 12 Tax rate () ERRORDIV0 ERRORDIV0 ERRORDIV0 Tax rate () ERRORDIV0 ERRORDIV0 ERRORDIV0

EBITDA 0 164 137 EBITDA 0 0 0 EBITDA 0 0 0

Liquidity Liquidity Liquidity

Current ratio ERRORDIV0 102 102 Current ratio ERRORDIV0 ERRORDIV0 ERRORDIV0 Current ratio ERRORDIV0 ERRORDIV0 ERRORDIV0

Acid test ratio ERRORDIV0 099 099 Acid test ratio ERRORDIV0 ERRORDIV0 ERRORDIV0 Acid test ratio ERRORDIV0 ERRORDIV0 ERRORDIV0

Working capitalSales Working capitalSales Working capitalSales

Stock days ERRORDIV0 7 7 Stock days ERRORDIV0 ERRORDIV0 ERRORDIV0 Stock days ERRORDIV0 ERRORDIV0 ERRORDIV0

Trade debtor days ERRORDIV0 117 138 Trade debtor days ERRORDIV0 ERRORDIV0 ERRORDIV0 Trade debtor days ERRORDIV0 ERRORDIV0 ERRORDIV0

Trade creditor days ERRORDIV0 173 189 Trade creditor days ERRORDIV0 ERRORDIV0 ERRORDIV0 Trade creditor days ERRORDIV0 ERRORDIV0 ERRORDIV0

Other Ratios Other Ratios Other Ratios

Gearing - Total DebtEquity () ERRORDIV0 62 94 Gearing - Total DebtEquity () ERRORDIV0 ERRORDIV0 ERRORDIV0 Gearing - Total DebtEquity () ERRORDIV0 ERRORDIV0 ERRORDIV0

Net Debt 0 170 219 Net Debt 0 0 0 Net Debt 0 0 0

Net Debt to EBITDA ERRORDIV0 10 16 Net Debt to EBITDA ERRORDIV0 ERRORDIV0 ERRORDIV0 Net Debt to EBITDA ERRORDIV0 ERRORDIV0 ERRORDIV0

Alternative Ratios Alternative Ratios Alternative Ratios

Net Debt (Excluding Group Balances) 0 170 219 Net Debt (Excluding Group Balances) 0 0 0 Net Debt (Excluding Group Balances) 0 0 0

Net Debt to EBITDA (Excluding Group balances) ERRORDIV0 10 16 Net Debt to EBITDA (Excluding Group balances) ERRORDIV0 ERRORDIV0 ERRORDIV0 Net Debt to EBITDA (Excluding Group balances) ERRORDIV0 ERRORDIV0 ERRORDIV0

Net Debt (Including Pension Liabilities) 0 576 1030 Net Debt (Including Pension Liabilities) 0 0 0 Net Debt (Including Pension Liabilities) 0 0 0

Net Debt to EBITDA (Including Pension Liabilities) ERRORDIV0 35 75 Net Debt to EBITDA (Including Pension Liabilities) ERRORDIV0 ERRORDIV0 ERRORDIV0 Net Debt to EBITDA (Including Pension Liabilities) ERRORDIV0 ERRORDIV0 ERRORDIV0

Company

Sub-Supplier 1 Ltd Detail Comment

Country of Registration

Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5

Credit Report (DampB Experian etc)

Details of existing covenants

1

2

3

4

5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5

Company

Lead Bidder Ltd Detail Comment


Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5

Immediate Parent Ltd Detail Comment


Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5

Ultimate Parent Ltd Detail Comment


Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5

Sub-Supplier 1 Sub-Supplier 2 Sub-Supplier 3

Sub-Supplier 1 Ltd Sub-Supplier 2 Ltd Sub-Supplier 3 Ltd

Summary Accounts Latest period Summary Accounts Latest period Summary Accounts Latest period

INCOME STATEMENT (poundm) 31XX20XX 31616 31617 PROFIT amp LOSS (pound000s) 31XX20XX 31XX20XX 31XX20XX PROFIT amp LOSS (pound000s) 31XX20XX 31XX20XX 31XX20XX



Annual Interim Annual Interim Interim Annual Interim Annual Annual Annual Annual Interim Annual Annual Annual

Turnover 0 2087 1853 Turnover 0 0 0 Turnover 0 0 0

Cost of sales 0 -1917 -2566 Cost of sales 0 0 0 Cost of sales 0 0 0

Gross profit 0 169 -713 Gross profit 0 0 0 Gross profit 0 0 0

Other Operating Cost Income 0 -74 -401 Other Operating Cost Income 0 0 0 Other Operating Cost Income 0 0 0

Operating profit 0 95 -1115 Operating profit 0 0 0 Operating profit 0 0 0

Exceptional items 0 17 -7 Exceptional items 0 0 0 Exceptional items 0 0 0

Interest amp other income 0 1 2 Interest amp other income 0 0 0 Interest amp other income 0 0 0

Interest paid 0 -29 -34 Interest paid 0 0 0 Interest paid 0 0 0

Profit before tax 0 84 -1153 Profit before tax 0 0 0 Profit before tax 0 0 0

Tax 0 -12 32 Tax 0 0 0 Tax 0 0 0

Profit after tax 0 72 -1121 Profit after tax 0 0 0 Profit after tax 0 0 0

Other 0 0 0 Other 0 0 0 Other 0 0 0

Dividends 0 0 0 Dividends 0 0 0 Dividends 0 0 0

Retained profit 0 72 -1121 Retained profit 0 0 0 Retained profit 0 0 0

Depreciation and Amortisation (pound000s)
Hilson Matthew (LAA) These costs should be included in the expenditure noted above however potential suppliers are requested to enter the details again here for the purposes of ratio calculations 0 -45 -45 Depreciation and Amortisation (pound000s) 0 0 0 Depreciation and Amortisation (pound000s) 0 0 0

BALANCE SHEET (poundm) 31XX20XX 31616 31617 BALANCE SHEET (pound000s) 31XX20XX 31XX20XX 31XX20XX BALANCE SHEET (pound000s) 31XX20XX 31XX20XX 31XX20XX

Goodwill 0 1554 1452 Goodwill 0 0 0 Goodwill 0 0 0

Other Intangible fixed assets 0 99 99 Other Intangible fixed assets 0 0 0 Other Intangible fixed assets 0 0 0

Tangible fixed assets 0 149 138 Tangible fixed assets 0 0 0 Tangible fixed assets 0 0 0

Other fixed assets (Fixed asset investments etc) 0 292 298 Other fixed assets (Fixed asset investments etc) 0 0 0 Other fixed assets (Fixed asset investments etc) 0 0 0

Fixed assets 0 2094 1987 Fixed assets 0 0 0 Fixed assets 0 0 0

Non current Trade debtors 0 0 0 Non current Trade debtors 0 0 0 Non current Trade debtors 0 0 0

Non current Group balances 0 0 0 Non current Group balances 0 0 0 Non current Group balances 0 0 0

Non current Other debtors 0 0 0 Non current Other debtors 0 0 0 Non current Other debtors 0 0 0

Other non current assets (Deferred tax etc) 0 0 0 Other non current assets (Deferred tax etc) 0 0 0 Other non current assets (Deferred tax etc) 0 0 0

Employee Benefit assets (Pension etc) 0 0 0 Employee Benefit assets (Pension etc) 0 0 0 Employee Benefit assets (Pension etc) 0 0 0

Amounts owed by joint ventures 0 0 0 Amounts owed by joint ventures 0 0 0 Amounts owed by joint ventures 0 0 0

Other non-current assets 0 0 0 Other non-current assets 0 0 0 Other non-current assets 0 0 0

Stock amp WIP 0 76 57 Stock amp WIP 0 0 0 Stock amp WIP 0 0 0

Trade debtors 0 1439 1185 Trade debtors 0 0 0 Trade debtors 0 0 0

Amounts recoverable on long term contracts 0 0 0 Amounts recoverable on long term contracts 0 0 0 Amounts recoverable on long term contracts 0 0 0

Group balances 0 0 0 Group balances 0 0 0 Group balances 0 0 0

Corporation tax asset 0 0 0 Corporation tax asset 0 0 0 Corporation tax asset 0 0 0

Other debtors 0 36 49 Other debtors 0 0 0 Other debtors 0 0 0

Prepayments and accrued income 0 0 0 Prepayments and accrued income 0 0 0 Prepayments and accrued income 0 0 0

Other current assets (Investments Deferred tax etc) 0 0 0 Other current assets (Investments Deferred tax etc) 0 0 0 Other current assets (Investments Deferred tax etc) 0 0 0

Cash and equivalent 0 376 390 Cash and equivalent 0 0 0 Cash and equivalent 0 0 0

Current assets 0 1927 1682 Current assets 0 0 0 Current assets 0 0 0

Trade creditors 0 1747 2000 Trade creditors 0 0 0 Trade creditors 0 0 0

Amounts due on long-term contracts 0 0 0 Amounts due on long-term contracts 0 0 0 Amounts due on long-term contracts 0 0 0

Obligations under finance lease and hire purchase contracts 0 0 0 Obligations under finance lease and hire purchase contracts 0 0 0 Obligations under finance lease and hire purchase contracts 0 0 0

Amounts owed to group companies 0 0 0 Amounts owed to group companies 0 0 0 Amounts owed to group companies 0 0 0

Loans and overdrafts 0 36 37 Loans and overdrafts 0 0 0 Loans and overdrafts 0 0 0

Other taxes and social security costs 0 0 0 Other taxes and social security costs 0 0 0 Other taxes and social security costs 0 0 0

Other Creditors 0 9 5 Other Creditors 0 0 0 Other Creditors 0 0 0

Accruals and deferred Income 0 0 0 Accruals and deferred Income 0 0 0 Accruals and deferred Income 0 0 0

Corporation tax 0 0 0 Corporation tax 0 0 0 Corporation tax 0 0 0

Provisions 0 6 221 Provisions 0 0 0 Provisions 0 0 0

Other current liabilities 0 26 2 Other current liabilities 0 0 0 Other current liabilities 0 0 0

Liabilities directly associated with assets classified as held for sale 0 0 0 Liabilities directly associated with assets classified as held for sale 0 0 0 Liabilities directly associated with assets classified as held for sale 0 0 0

Current liabilities 0 1824 2264 Current liabilities 0 0 0 Current liabilities 0 0 0

Working capital 0 103 -582 Working capital 0 0 0 Working capital 0 0 0

Assets less curr liab 0 2197 1405 Assets less curr liab 0 0 0 Assets less curr liab 0 0 0



Other loans 0 630 924 Other loans 0 0 0 Other loans 0 0 0

Other creditors 0 75 75 Other creditors 0 0 0 Other creditors 0 0 0

Other non current liabilities 0 12 19 Other non current liabilities 0 0 0 Other non current liabilities 0 0 0

Employee benefit liabilities (Pension etc) 0 510 722 Employee benefit liabilities (Pension etc) 0 0 0 Employee benefit liabilities (Pension etc) 0 0 0

Provisions amp other creditors gt 1yr 0 1 70 Provisions amp other creditors gt 1yr 0 0 0 Provisions amp other creditors gt 1yr 0 0 0

Long term liabilities 0 1227 1810 Long term liabilities 0 0 0 Long term liabilities 0 0 0

Minority interest 0 29 30 Minority interest 0 0 0 Minority interest 0 0 0

Shareholders funds 0 941 -436 Shareholders funds 0 0 0 Shareholders funds 0 0 0

Net worth 0 970 -405 Net worth 0 0 0 Net worth 0 0 0

Capital employed 0 2197 1405 Capital employed 0 0 0 Capital employed 0 0 0

Check (BS to PampL) 8981 -2538 Check (BS to PampL) 0 0 Check (BS to PampL) 0 0

CASHFLOW (pound000s) 31XX20XX 31616 31617 CASHFLOW (pound000s) 31XX20XX 31XX20XX 31XX20XX CASHFLOW (pound000s) 31XX20XX 31XX20XX 31XX20XX

Cashflow from Operating Activities 0 0 0 Cashflow from Operating Activities 0 0 0 Cashflow from Operating Activities 0 0 0

Capital Expenditure (Tangible and Intangible) 0 0 0 Capital Expenditure (Tangible and Intangible) 0 0 0 Capital Expenditure (Tangible and Intangible) 0 0 0

Free Cashflow 0 0 0 Free Cashflow 0 0 0 Free Cashflow 0 0 0

Annual Contract Value 25 25 Annual Contract Value Annual Contract Value

Ratios Interim 2016 Interim 2017

Turnover (Ratio of Turnover to Annual Contract Value) ERRORDIV0 835 741 Turnover (Ratio of Turnover to Annual Contract Value) ERRORDIV0 ERRORDIV0 ERRORDIV0 Turnover (Ratio of Turnover to Annual Contract Value) ERRORDIV0 ERRORDIV0 ERRORDIV0

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) 00 -6829 -19564 Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) 00 00 00 Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) 00 00 00

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 581 -049 Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 ERRORDIV0 ERRORDIV0 Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 ERRORDIV0 ERRORDIV0

Interest Cover (EBIT divide Interest Expense) ERRORDIV0
Hilson Matthew (LAA) Hilson Matthew (LAA)Include exceptional items 34 -348 Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0
Hilson Matthew (LAA) Hilson Matthew (LAA)Include exceptional items ERRORDIV0 ERRORDIV0 Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0
Hilson Matthew (LAA) Hilson Matthew (LAA)Include exceptional items
Hilson Matthew (LAA) These costs should be included in the expenditure noted above however potential suppliers are requested to enter the details again here for the purposes of ratio calculations
Hilson Matthew (LAA) Hilson Matthew (LAA)Include exceptional items ERRORDIV0 ERRORDIV0

Acid Test (Current Asset-Stock)Current Liabilities ERRORDIV0 10 07 Acid Test (Current Asset-Stock)Current Liabilities ERRORDIV0 ERRORDIV0 ERRORDIV0 Acid Test (Current Asset-Stock)Current Liabilities ERRORDIV0 ERRORDIV0 ERRORDIV0

Free Cashflow to Debt Ratio ERRORDIV0 00 00 Free Cashflow to Debt Ratio ERRORDIV0 ERRORDIV0 ERRORDIV0 Free Cashflow to Debt Ratio ERRORDIV0 ERRORDIV0 ERRORDIV0

Net Pension 0 -5096 -7215 Net Pension 0 0 0 Net Pension 0 0 0

RAG Interim 2016 Interim 2017

Turnover (Ratio of Turnover to Annual Contract Value) ERRORDIV0 G G Turnover (Ratio of Turnover to Annual Contract Value) ERRORDIV0 ERRORDIV0 ERRORDIV0 Turnover (Ratio of Turnover to Annual Contract Value) ERRORDIV0 ERRORDIV0 ERRORDIV0

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) R R R Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) R R R Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) R R R

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 R R Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 ERRORDIV0 ERRORDIV0 Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 ERRORDIV0 ERRORDIV0

Interest Cover (EBIT divide Interest Expense) ERRORDIV0 G R Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0 ERRORDIV0 ERRORDIV0 Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0 ERRORDIV0 ERRORDIV0

Acid Test (Current Asset-Stock)Current Liabilities ERRORDIV0 A R Acid Test (Current Asset-Stock)Current Liabilities ERRORDIV0 ERRORDIV0 ERRORDIV0 Acid Test (Current Asset-Stock)Current Liabilities ERRORDIV0 ERRORDIV0 ERRORDIV0

Free Cashflow to Debt Ratio ERRORDIV0 R R Free Cashflow to Debt Ratio ERRORDIV0 ERRORDIV0 ERRORDIV0 Free Cashflow to Debt Ratio ERRORDIV0 ERRORDIV0 ERRORDIV0

Net Pension R R R Net Pension R R R Net Pension R R R

Scoring


Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) 0 0 0 Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) 0 0 0 Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) 0 0 0

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 9 10 Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 ERRORDIV0 ERRORDIV0 Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 ERRORDIV0 ERRORDIV0

Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0 0 0 Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0 ERRORDIV0 ERRORDIV0 Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0 ERRORDIV0 ERRORDIV0


Free Cashflow to Debt Ratio ERRORDIV0 G G Free Cashflow to Debt Ratio ERRORDIV0 ERRORDIV0 ERRORDIV0 Free Cashflow to Debt Ratio ERRORDIV0 ERRORDIV0 ERRORDIV0

Net Pension 0 0 0 Net Pension 0 0 0 Net Pension 0 0 0




INCOME STATEMENT (poundm) 123114 123115 123116 INCOME STATEMENT (pound000s) 31XX20XX 31XX20XX 31XX20XX INCOME STATEMENT (pound000s) 31XX20XX 31XX20XX 31XX20XX






Gross profit 0 341 351 Gross profit 0 0 0 Gross profit 0 0 0


Operating profit 0 209 182 Operating profit 0 0 0 Operating profit 0 0 0

Exceptional items 0 4 23 Exceptional items 0 0 0 Exceptional items 0 0 0

Interest amp other income 0 -60 -60 Interest amp other income 0 0 0 Interest amp other income 0 0 0

Interest paid 0 2 3 Interest paid 0 0 0 Interest paid 0 0 0

Profit before tax 0 155 146 Profit before tax 0 0 0 Profit before tax 0 0 0

Tax 0 -16 -17 Tax 0 0 0 Tax 0 0 0

Profit after tax 0 139 129 Profit after tax 0 0 0 Profit after tax 0 0 0

Other 0 62 -335 Other 0 0 0 Other 0 0 0

Dividends 0 -79 -82 Dividends 0 0 0 Dividends 0 0 0



BALANCE SHEET (poundm) 123114 123115 123116 BALANCE SHEET (pound000s) 31XX20XX 31XX20XX 31XX20XX BALANCE SHEET (pound000s) 31XX20XX 31XX20XX 31XX20XX




































Working capital 0 42 52 Working capital 0 0 0 Working capital 0 0 0











Shareholders funds 0 994 701 Shareholders funds 0 0 0 Shareholders funds 0 0 0

Net worth 0 1017 730 Net worth 0 0 0 Net worth 0 0 0


Check (BS to PampL) 895 0 Check (BS to PampL) 0 0 Check (BS to PampL) 0 0

CASHFLOW (pound000s) 123114 123115 123116 CASHFLOW (pound000s) 31XX20XX 31XX20XX 31XX20XX CASHFLOW (pound000s) 31XX20XX 31XX20XX 31XX20XX





Ratios FY 2015 FY 2016




Hilson Matthew (LAA) Hilson Matthew (LAA)Should we include exceptional costs (ie Other row 22) 36 31 Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0
Hilson Matthew (LAA) Hilson Matthew (LAA)Should we include exceptional costs (ie Other row 22)




RAG FY 2015 FY 2016



Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 G G Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 ERRORDIV0 ERRORDIV0 Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA ERRORDIV0 ERRORDIV0 ERRORDIV0

Interest Cover (EBIT divide Interest Expense) ERRORDIV0 G G Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0 ERRORDIV0 ERRORDIV0 Interest Cover (EBIT divide Net Finance Costs) ERRORDIV0 ERRORDIV0 ERRORDIV0

Acid Test (Current Asset-Stock)Current Liabilities ERRORDIV0 R R Acid Test (Current Asset-Stock)Current Liabilities ERRORDIV0 ERRORDIV0 ERRORDIV0 Acid Test (Current Asset-Stock)Current Liabilities ERRORDIV0 ERRORDIV0 ERRORDIV0



Scoring








Data for Basic RAG

Key SQ Assessment Ratios Input thresholds into bold cells below

R A G

Turnover (Ratio of Turnover to Annual Contract Value) Turnover (Ratio of Turnover to Annual Contract Value) 2 Higher the better

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) 0 Higher the better

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA 3 1 Lower the better What are realistic boundaries for this ratio

Interest Cover (EBIT divide Net Finance Costs) Interest Cover (EBIT divide Net Finance Costs) 1 20 Higher the better What are realistic boundaries for this ratio

Acid Test (Current Asset-Stock)Current Liabilities Acid Test(Current Asset-Stock)Current Liabilities 1 15 Higher the better

Operating Cashflow Ratio Free Cashflow to Debt Ratio 75 150 Higher the better What are realistic boundaries for this ratio

Net Pension Position 0 Higher the better

Additional Risk Indicators Scored RAG

Thresholds Scores

Turnover (Ratio of Turnover to Annual Contract Value) 100 90 80 70 60 50 40 30 20 10 0 10 9 8 7 6 5 4 3 2 1 0

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities) 100 90 80 70 60 50 40 30 20 10 0 10 9 8 7 6 5 4 3 2 1 0

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA 0 10 20 30 40 50 60 70 80 90 100 10 9 8 7 6 5 4 3 2 1 0

Interest Cover (EBIT divide Net Finance Costs) 100 90 80 70 60 50 40 30 20 10 0 10 9 8 7 6 5 4 3 2 1 0

Acid Test(Current Asset-Stock)Current Liabilities 100 90 80 70 60 50 40 30 20 10 0 10 9 8 7 6 5 4 3 2 1 0

Free Cashflow to Debt Ratio 100 90 80 70 60 50 40 30 20 10 0 10 9 8 7 6 5 4 3 2 1 0

Net Pension Position 100 90 80 70 60 50 40 30 20 10 0 10 9 8 7 6 5 4 3 2 1 0

Confirm which Basis is beng used for assessment

Guidance for FVRATemplate1Group

Input Sheets

Lead suppliers are responsible for ensuring that the relevant information for immediate parent ultimate parent and any significant sub-suppliers is entered into this template

There are 3 main groups of tabs where information should be input

1 Financial information drawn from the resource accounts must be entered into the Blue Tabs 11 Lead Financial Input and 12 Sub-Supplier Financial Input as necessary

2 Ancillary information must be entered into the White Tabs 21 Lead Ancillary Input and 22 Sub-Supplier Ancillary Input as necessary

3 Explanatory comments should be entered into the Black Tabs 31 Lead Supplier Assmt to 36 Sub-Supplier 3 Assmt as necessary

Blue Tabs

Income Statement Costs should be entered as negative values income should be entered as a positive value

Income Statement Depreciation and Amortisation should be included in line with how it is recorded in resource accounts (either Cost of Sales or Other Operating CostsIncome)

Balance Sheet all figures are to be entered as positive values

White Tabs

Share price should be quoted as at XXXX2018 HMPPS to decide what the cut off date for share price is

Company Directors as at XXXX2018 HMPPS to decide what the cut off date for this is - suggest its the same date as share price

Credit Report Please provide the most recent credit report stating the credit reporting agency and also the date the report was generated

Black Tabs

Ratio information from the Financial Input tabs will auto-populate here

There is a section on the right hand side where the supplier is able to provide comment to provide context to any ratios mitigations or explanation of future activities which may have an impact on the ratio

Carillion and commercial failure reducing risk through collaborationJudith Hann-GreavesTim Jones Chris Kelly Lucy Finn Matt Hilson

Tim Jones(MOJ)

Contents


















A B and C









5) Other













All of them











(MOJ)




















Timeline





201617 Interims

published

Year End 311216

CFO leaves

Profit Warning

issued

2 x NEDs appointed

10 share price drop





























Knowledge Network

Coming soon












Slide Number 1

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Net Pension 0 -510 -722 R R R 0 0 0









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Assessed by

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Assessed by

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Net Pension 0 -406 -811 R R R 0 0 0









Net Pension 0 -406 -811 R R R 0 0 0

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Date Assesed



































Company



Registered Number

DUNS Number

H score

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Share Price Date

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2 Jane Doe

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H score

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1 Joe Bloggs

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Registered Number

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H score

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Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

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DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

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DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

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1

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5

















Tax 0 -12 32 Tax 0 0 0 Tax 0 0 0














































































Scoring
























Tax 0 -16 -17 Tax 0 0 0 Tax 0 0 0






































































RAG FY 2015 FY 2016








Scoring








Data for Basic RAG


R A G









Thresholds Scores










Input Sheets






Blue Tabs




White Tabs




Black Tabs



Tim Jones(MOJ)

Contents


















A B and C









5) Other













All of them











(MOJ)




















Timeline





201617 Interims

published

Year End 311216

CFO leaves

Profit Warning

issued

2 x NEDs appointed

10 share price drop





























Knowledge Network

Coming soon












Slide Number 1

Slide Number 2

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Assessed by

Date Assesed



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Assessed by

Date Assesed



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Net Pension 0 -510 -722 R R R 0 0 0









Net Pension 0 -510 -722 R R R 0 0 0

Assessed by

Date Assesed



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DUNS Number 0




















Assessed by

Date Assesed



Registered Number 0

DUNS Number 0




















Assessed by

Date Assesed



Registered Number 0

DUNS Number 0










Net Pension 0 -406 -811 R R R 0 0 0









Net Pension 0 -406 -811 R R R 0 0 0

Assessed by

Date Assesed



































Company



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

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DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

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1

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Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

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5

Company



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5

















Tax 0 -12 32 Tax 0 0 0 Tax 0 0 0














































































Scoring
























Tax 0 -16 -17 Tax 0 0 0 Tax 0 0 0






































































RAG FY 2015 FY 2016








Scoring








Data for Basic RAG


R A G









Thresholds Scores










Input Sheets






Blue Tabs




White Tabs




Black Tabs



Contents


















A B and C









5) Other













All of them











(MOJ)




















Timeline





201617 Interims

published

Year End 311216

CFO leaves

Profit Warning

issued

2 x NEDs appointed

10 share price drop





























Knowledge Network

Coming soon












Slide Number 1

Slide Number 2

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Date Assesed



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Assessed by

Date Assesed



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Net Pension 0 -510 -722 R R R 0 0 0









Net Pension 0 -510 -722 R R R 0 0 0

Assessed by

Date Assesed



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DUNS Number 0




















Assessed by

Date Assesed



Registered Number 0

DUNS Number 0




















Assessed by

Date Assesed



Registered Number 0

DUNS Number 0










Net Pension 0 -406 -811 R R R 0 0 0









Net Pension 0 -406 -811 R R R 0 0 0

Assessed by

Date Assesed



































Company



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

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Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

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5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

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Company



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

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5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

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5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5

















Tax 0 -12 32 Tax 0 0 0 Tax 0 0 0














































































Scoring
























Tax 0 -16 -17 Tax 0 0 0 Tax 0 0 0






































































RAG FY 2015 FY 2016








Scoring








Data for Basic RAG


R A G









Thresholds Scores










Input Sheets






Blue Tabs




White Tabs




Black Tabs



















A B and C









5) Other













All of them











(MOJ)




















Timeline





201617 Interims

published

Year End 311216

CFO leaves

Profit Warning

issued

2 x NEDs appointed

10 share price drop





























Knowledge Network

Coming soon












Slide Number 1

Slide Number 2

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Assessed by

Date Assesed



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Assessed by

Date Assesed



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Net Pension 0 -510 -722 R R R 0 0 0









Net Pension 0 -510 -722 R R R 0 0 0

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Date Assesed



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Assessed by

Date Assesed



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Assessed by

Date Assesed



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Net Pension 0 -406 -811 R R R 0 0 0









Net Pension 0 -406 -811 R R R 0 0 0

Assessed by

Date Assesed



































Company



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

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Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

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1

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Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

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Company



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

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5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

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1

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Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

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1

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4

5

















Tax 0 -12 32 Tax 0 0 0 Tax 0 0 0














































































Scoring
























Tax 0 -16 -17 Tax 0 0 0 Tax 0 0 0






































































RAG FY 2015 FY 2016








Scoring








Data for Basic RAG


R A G









Thresholds Scores










Input Sheets






Blue Tabs




White Tabs




Black Tabs









5) Other













All of them











(MOJ)




















Timeline





201617 Interims

published

Year End 311216

CFO leaves

Profit Warning

issued

2 x NEDs appointed

10 share price drop





























Knowledge Network

Coming soon












Slide Number 1

Slide Number 2

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Assessed by

Date Assesed



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Assessed by

Date Assesed



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Net Pension 0 -510 -722 R R R 0 0 0









Net Pension 0 -510 -722 R R R 0 0 0

Assessed by

Date Assesed



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Assessed by

Date Assesed



Registered Number 0

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Assessed by

Date Assesed



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Net Pension 0 -406 -811 R R R 0 0 0









Net Pension 0 -406 -811 R R R 0 0 0

Assessed by

Date Assesed



































Company



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

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Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5

Company



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5

















Tax 0 -12 32 Tax 0 0 0 Tax 0 0 0














































































Scoring
























Tax 0 -16 -17 Tax 0 0 0 Tax 0 0 0






































































RAG FY 2015 FY 2016








Scoring








Data for Basic RAG


R A G









Thresholds Scores










Input Sheets






Blue Tabs




White Tabs




Black Tabs














All of them











(MOJ)




















Timeline





201617 Interims

published

Year End 311216

CFO leaves

Profit Warning

issued

2 x NEDs appointed

10 share price drop





























Knowledge Network

Coming soon












Slide Number 1

Slide Number 2

Slide Number 3

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Registered Number 0

DUNS Number 0




















Assessed by

Date Assesed



Registered Number 0

DUNS Number 0




















Assessed by

Date Assesed



Registered Number 0

DUNS Number 0










Net Pension 0 -510 -722 R R R 0 0 0









Net Pension 0 -510 -722 R R R 0 0 0

Assessed by

Date Assesed



Registered Number 0

DUNS Number 0




















Assessed by

Date Assesed



Registered Number 0

DUNS Number 0




















Assessed by

Date Assesed



Registered Number 0

DUNS Number 0










Net Pension 0 -406 -811 R R R 0 0 0









Net Pension 0 -406 -811 R R R 0 0 0

Assessed by

Date Assesed



































Company



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5

Company



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

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5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5



Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5

















Tax 0 -12 32 Tax 0 0 0 Tax 0 0 0














































































Scoring
























Tax 0 -16 -17 Tax 0 0 0 Tax 0 0 0






































































RAG FY 2015 FY 2016








Scoring








Data for Basic RAG


R A G









Thresholds Scores










Input Sheets






Blue Tabs




White Tabs




Black Tabs








(MOJ)




















Timeline





201617 Interims

published

Year End 311216

CFO leaves

Profit Warning

issued

2 x NEDs appointed

10 share price drop





























Knowledge Network

Coming soon












Slide Number 1

Slide Number 2

Slide Number 3

Slide Number 4

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Registered Number 0

DUNS Number 0




















Assessed by

Date Assesed



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DUNS Number 0




















Assessed by

Date Assesed



Registered Number 0

DUNS Number 0










Net Pension 0 -510 -722 R R R 0 0 0









Net Pension 0 -510 -722 R R R 0 0 0

Assessed by

Date Assesed



Registered Number 0

DUNS Number 0




















Assessed by

Date Assesed



Registered Number 0

DUNS Number 0




















Assessed by

Date Assesed



Registered Number 0

DUNS Number 0










Net Pension 0 -406 -811 R R R 0 0 0









Net Pension 0 -406 -811 R R R 0 0 0

Assessed by

Date Assesed



































Company



Registered Number

DUNS Number

H score

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Company Directors

1 Joe Bloggs

2 Jane Doe

3

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Tax 0 -12 32 Tax 0 0 0 Tax 0 0 0














































































Scoring
























Tax 0 -16 -17 Tax 0 0 0 Tax 0 0 0






































































RAG FY 2015 FY 2016








Scoring








Data for Basic RAG


R A G









Thresholds Scores










Input Sheets






Blue Tabs




White Tabs




Black Tabs





















Timeline





201617 Interims

published

Year End 311216

CFO leaves

Profit Warning

issued

2 x NEDs appointed

10 share price drop





























Knowledge Network

Coming soon












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Assessed by

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Net Pension 0 -510 -722 R R R 0 0 0









Net Pension 0 -510 -722 R R R 0 0 0

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Date Assesed



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Date Assesed



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Net Pension 0 -406 -811 R R R 0 0 0









Net Pension 0 -406 -811 R R R 0 0 0

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Date Assesed



































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DUNS Number

H score

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Share Price Date

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1 Joe Bloggs

2 Jane Doe

3

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3

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DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

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Tax 0 -12 32 Tax 0 0 0 Tax 0 0 0














































































Scoring
























Tax 0 -16 -17 Tax 0 0 0 Tax 0 0 0






































































RAG FY 2015 FY 2016








Scoring








Data for Basic RAG


R A G









Thresholds Scores










Input Sheets






Blue Tabs




White Tabs




Black Tabs






























Knowledge Network

Coming soon












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Assessed by

Date Assesed



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Date Assesed



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Net Pension 0 -510 -722 R R R 0 0 0









Net Pension 0 -510 -722 R R R 0 0 0

Assessed by

Date Assesed



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Assessed by

Date Assesed



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Net Pension 0 -406 -811 R R R 0 0 0









Net Pension 0 -406 -811 R R R 0 0 0

Assessed by

Date Assesed



































Company



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DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

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1

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1 Joe Bloggs

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3

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H score

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Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

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H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

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H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

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DUNS Number

H score

Share Price

Share Price Date

Company Directors

1 Joe Bloggs

2 Jane Doe

3

4

5



1

2

3

4

5

















Tax 0 -12 32 Tax 0 0 0 Tax 0 0 0














































































Scoring
























Tax 0 -16 -17 Tax 0 0 0 Tax 0 0 0






































































RAG FY 2015 FY 2016








Scoring








Data for Basic RAG


R A G









Thresholds Scores










Input Sheets






Blue Tabs




White Tabs




Black Tabs



Knowledge Network

Coming soon












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Company

Sub-Supplier 1 Ltd	Detail	Comment

Country of Registration

Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1	Joe Bloggs

2	Jane Doe

3

4

5

Credit Report (DampB Experian etc)

Details of existing covenants

1

2

3

4

5


Sub-Supplier 2 Ltd	Detail	Comment

Country of Registration

Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1	Joe Bloggs

2	Jane Doe

3

4

5

Credit Report (DampB Experian etc)

Details of existing covenants

1

2

3

4

5

Sub-Supplier 3 Ltd	Detail	Comment

Country of Registration

Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1	Joe Bloggs

2	Jane Doe

3

4

5

Credit Report (DampB Experian etc)

Details of existing covenants

1

2

3

4

5

Company

Lead Bidder Ltd	Detail	Comment

Country of Registration

Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1	Joe Bloggs

2	Jane Doe

3

4

5

Credit Report (DampB Experian etc)

Details of existing covenants

1

2

3

4

5


Immediate Parent Ltd	Detail	Comment

Country of Registration

Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1	Joe Bloggs

2	Jane Doe

3

4

5

Credit Report (DampB Experian etc)

Details of existing covenants

1

2

3

4

5

Ultimate Parent Ltd	Detail	Comment

Country of Registration

Registered Number

DUNS Number

H score

Share Price

Share Price Date

Company Directors

1	Joe Bloggs

2	Jane Doe

3

4

5

Credit Report (DampB Experian etc)

Details of existing covenants

1

2

3

4

5

Sub-Supplier 1					Sub-Supplier 2					Sub-Supplier 3

Sub-Supplier 1 Ltd					Sub-Supplier 2 Ltd					Sub-Supplier 3 Ltd


Summary Accounts			Latest period			Summary Accounts			Latest period			Summary Accounts			Latest period

INCOME STATEMENT (poundm)	31XX20XX		31616		31617			PROFIT amp LOSS (pound000s)	31XX20XX		31XX20XX		31XX20XX		PROFIT amp LOSS (pound000s)		31XX20XX		31XX20XX	31XX20XX

Months in period	12		6		6			Months in period	12		12		12		Months in period		12		12	12

Consolidated	N		N		N			Consolidated	N		N		N		Consolidated		N		N	N

Annual Interim	Annual		Interim		Interim			Annual Interim	Annual		Annual		Annual		Annual Interim		Annual		Annual	Annual

Turnover	0		2087		1853			Turnover	0		0		0		Turnover		0		0	0

Cost of sales	0		-1917		-2566			Cost of sales	0		0		0		Cost of sales		0		0	0

Gross profit	0		169		-713			Gross profit	0		0		0		Gross profit		0		0	0

Other Operating Cost Income	0		-74		-401			Other Operating Cost Income	0		0		0		Other Operating Cost Income		0		0	0

Operating profit	0		95		-1115			Operating profit	0		0		0		Operating profit		0		0	0


Exceptional items	0		17		-7			Exceptional items	0		0		0		Exceptional items		0		0	0

Interest amp other income	0		1		2			Interest amp other income	0		0		0		Interest amp other income		0		0	0

Interest paid	0		-29		-34			Interest paid	0		0		0		Interest paid		0		0	0

Profit before tax	0		84		-1153			Profit before tax	0		0		0		Profit before tax		0		0	0


Tax	0		-12		32			Tax	0		0		0		Tax		0		0	0

Profit after tax	0		72		-1121			Profit after tax	0		0		0		Profit after tax		0		0	0

Other	0		0		0			Other	0		0		0		Other		0		0	0

Dividends	0		0		0			Dividends	0		0		0		Dividends		0		0	0

Retained profit	0		72		-1121			Retained profit	0		0		0		Retained profit		0		0	0


Depreciation and Amortisation (pound000s) Hilson Matthew (LAA) These costs should be included in the expenditure noted above however potential suppliers are requested to enter the details again here for the purposes of ratio calculations	0		-45		-45			Depreciation and Amortisation (pound000s)	0		0		0		Depreciation and Amortisation (pound000s)		0		0	0


BALANCE SHEET (poundm)	31XX20XX		31616		31617			BALANCE SHEET (pound000s)	31XX20XX		31XX20XX		31XX20XX		BALANCE SHEET (pound000s)		31XX20XX		31XX20XX	31XX20XX

Goodwill	0		1554		1452			Goodwill	0		0		0		Goodwill		0		0	0

Other Intangible fixed assets	0		99		99			Other Intangible fixed assets	0		0		0		Other Intangible fixed assets		0		0	0

Tangible fixed assets	0		149		138			Tangible fixed assets	0		0		0		Tangible fixed assets		0		0	0

Other fixed assets (Fixed asset investments etc)	0		292		298			Other fixed assets (Fixed asset investments etc)	0		0		0		Other fixed assets (Fixed asset investments etc)		0		0	0

Fixed assets	0		2094		1987			Fixed assets	0		0		0		Fixed assets		0		0	0


Non current Trade debtors	0		0		0			Non current Trade debtors	0		0		0		Non current Trade debtors		0		0	0

Non current Group balances	0		0		0			Non current Group balances	0		0		0		Non current Group balances		0		0	0

Non current Other debtors	0		0		0			Non current Other debtors	0		0		0		Non current Other debtors		0		0	0

Other non current assets (Deferred tax etc)	0		0		0			Other non current assets (Deferred tax etc)	0		0		0		Other non current assets (Deferred tax etc)		0		0	0

Employee Benefit assets (Pension etc)	0		0		0			Employee Benefit assets (Pension etc)	0		0		0		Employee Benefit assets (Pension etc)		0		0	0

Amounts owed by joint ventures	0		0		0			Amounts owed by joint ventures	0		0		0		Amounts owed by joint ventures		0		0	0

Other non-current assets	0		0		0			Other non-current assets	0		0		0		Other non-current assets		0		0	0


Stock amp WIP	0		76		57			Stock amp WIP	0		0		0		Stock amp WIP		0		0	0

Trade debtors	0		1439		1185			Trade debtors	0		0		0		Trade debtors		0		0	0

Amounts recoverable on long term contracts	0		0		0			Amounts recoverable on long term contracts	0		0		0		Amounts recoverable on long term contracts		0		0	0

Group balances	0		0		0			Group balances	0		0		0		Group balances		0		0	0

Corporation tax asset	0		0		0			Corporation tax asset	0		0		0		Corporation tax asset		0		0	0

Other debtors	0		36		49			Other debtors	0		0		0		Other debtors		0		0	0

Prepayments and accrued income	0		0		0			Prepayments and accrued income	0		0		0		Prepayments and accrued income		0		0	0

Other current assets (Investments Deferred tax etc)	0		0		0			Other current assets (Investments Deferred tax etc)	0		0		0		Other current assets (Investments Deferred tax etc)		0		0	0

Cash and equivalent	0		376		390			Cash and equivalent	0		0		0		Cash and equivalent		0		0	0

Current assets	0		1927		1682			Current assets	0		0		0		Current assets		0		0	0


Trade creditors	0		1747		2000			Trade creditors	0		0		0		Trade creditors		0		0	0

Amounts due on long-term contracts	0		0		0			Amounts due on long-term contracts	0		0		0		Amounts due on long-term contracts		0		0	0

Obligations under finance lease and hire purchase contracts	0		0		0			Obligations under finance lease and hire purchase contracts	0		0		0		Obligations under finance lease and hire purchase contracts		0		0	0

Amounts owed to group companies	0		0		0			Amounts owed to group companies	0		0		0		Amounts owed to group companies		0		0	0

Loans and overdrafts	0		36		37			Loans and overdrafts	0		0		0		Loans and overdrafts		0		0	0

Other taxes and social security costs	0		0		0			Other taxes and social security costs	0		0		0		Other taxes and social security costs		0		0	0

Other Creditors	0		9		5			Other Creditors	0		0		0		Other Creditors		0		0	0

Accruals and deferred Income	0		0		0			Accruals and deferred Income	0		0		0		Accruals and deferred Income		0		0	0

Corporation tax	0		0		0			Corporation tax	0		0		0		Corporation tax		0		0	0

Provisions	0		6		221			Provisions	0		0		0		Provisions		0		0	0

Other current liabilities	0		26		2			Other current liabilities	0		0		0		Other current liabilities		0		0	0

Liabilities directly associated with assets classified as held for sale	0		0		0			Liabilities directly associated with assets classified as held for sale	0		0		0		Liabilities directly associated with assets classified as held for sale		0		0	0

Current liabilities	0		1824		2264			Current liabilities	0		0		0		Current liabilities		0		0	0


Working capital	0		103		-582			Working capital	0		0		0		Working capital		0		0	0


Assets less curr liab	0		2197		1405			Assets less curr liab	0		0		0		Assets less curr liab		0		0	0


Obligations under finance lease and hire purchase contracts	0		0		0			Obligations under finance lease and hire purchase contracts	0		0		0		Obligations under finance lease and hire purchase contracts		0		0	0

Amounts owed to group companies	0		0		0			Amounts owed to group companies	0		0		0		Amounts owed to group companies		0		0	0

Other loans	0		630		924			Other loans	0		0		0		Other loans		0		0	0

Other creditors	0		75		75			Other creditors	0		0		0		Other creditors		0		0	0

Other non current liabilities	0		12		19			Other non current liabilities	0		0		0		Other non current liabilities		0		0	0

Employee benefit liabilities (Pension etc)	0		510		722			Employee benefit liabilities (Pension etc)	0		0		0		Employee benefit liabilities (Pension etc)		0		0	0

Provisions amp other creditors gt 1yr	0		1		70			Provisions amp other creditors gt 1yr	0		0		0		Provisions amp other creditors gt 1yr		0		0	0

Long term liabilities	0		1227		1810			Long term liabilities	0		0		0		Long term liabilities		0		0	0


Minority interest	0		29		30			Minority interest	0		0		0		Minority interest		0		0	0

Shareholders funds	0		941		-436			Shareholders funds	0		0		0		Shareholders funds		0		0	0

Net worth	0		970		-405			Net worth	0		0		0		Net worth		0		0	0


Capital employed	0		2197		1405			Capital employed	0		0		0		Capital employed		0		0	0



Check (BS to PampL)		8981		-2538			Check (BS to PampL)		0		0			Check (BS to PampL)		0		0


CASHFLOW (pound000s)	31XX20XX		31616		31617			CASHFLOW (pound000s)	31XX20XX		31XX20XX		31XX20XX		CASHFLOW (pound000s)		31XX20XX		31XX20XX	31XX20XX

Cashflow from Operating Activities	0		0		0			Cashflow from Operating Activities	0		0		0		Cashflow from Operating Activities		0		0	0

Capital Expenditure (Tangible and Intangible)	0		0		0			Capital Expenditure (Tangible and Intangible)	0		0		0		Capital Expenditure (Tangible and Intangible)		0		0	0

Free Cashflow	0		0		0			Free Cashflow	0		0		0		Free Cashflow		0		0	0


Annual Contract Value		25		25			Annual Contract Value					Annual Contract Value


Ratios		Interim 2016		Interim 2017

Turnover (Ratio of Turnover to Annual Contract Value)	ERRORDIV0		835		741			Turnover (Ratio of Turnover to Annual Contract Value)	ERRORDIV0		ERRORDIV0		ERRORDIV0		Turnover (Ratio of Turnover to Annual Contract Value)		ERRORDIV0		ERRORDIV0	ERRORDIV0

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)	00		-6829		-19564			Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)	00		00		00		Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)		00		00	00

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA	ERRORDIV0		581		-049			Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA	ERRORDIV0		ERRORDIV0		ERRORDIV0		Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA		ERRORDIV0		ERRORDIV0	ERRORDIV0

Interest Cover (EBIT divide Interest Expense)	ERRORDIV0 Hilson Matthew (LAA) Hilson Matthew (LAA)Include exceptional items		34		-348			Interest Cover (EBIT divide Net Finance Costs)	ERRORDIV0 Hilson Matthew (LAA) Hilson Matthew (LAA)Include exceptional items		ERRORDIV0		ERRORDIV0		Interest Cover (EBIT divide Net Finance Costs)		ERRORDIV0 Hilson Matthew (LAA) Hilson Matthew (LAA)Include exceptional items		Hilson Matthew (LAA) Hilson Matthew (LAA)Include exceptional items	Hilson Matthew (LAA) These costs should be included in the expenditure noted above however potential suppliers are requested to enter the details again here for the purposes of ratio calculations	Hilson Matthew (LAA) Hilson Matthew (LAA)Include exceptional items	ERRORDIV0	ERRORDIV0

Acid Test (Current Asset-Stock)Current Liabilities	ERRORDIV0		10		07			Acid Test (Current Asset-Stock)Current Liabilities	ERRORDIV0		ERRORDIV0		ERRORDIV0		Acid Test (Current Asset-Stock)Current Liabilities		ERRORDIV0		ERRORDIV0	ERRORDIV0

Free Cashflow to Debt Ratio	ERRORDIV0		00		00			Free Cashflow to Debt Ratio	ERRORDIV0		ERRORDIV0		ERRORDIV0		Free Cashflow to Debt Ratio		ERRORDIV0		ERRORDIV0	ERRORDIV0

Net Pension	0		-5096		-7215			Net Pension	0		0		0		Net Pension		0		0	0


RAG		Interim 2016		Interim 2017

Turnover (Ratio of Turnover to Annual Contract Value)	ERRORDIV0		G		G			Turnover (Ratio of Turnover to Annual Contract Value)	ERRORDIV0		ERRORDIV0		ERRORDIV0		Turnover (Ratio of Turnover to Annual Contract Value)		ERRORDIV0		ERRORDIV0	ERRORDIV0

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)	R		R		R			Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)	R		R		R		Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)		R		R	R

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA	ERRORDIV0		R		R			Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA	ERRORDIV0		ERRORDIV0		ERRORDIV0		Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA		ERRORDIV0		ERRORDIV0	ERRORDIV0

Interest Cover (EBIT divide Interest Expense)	ERRORDIV0		G		R			Interest Cover (EBIT divide Net Finance Costs)	ERRORDIV0		ERRORDIV0		ERRORDIV0		Interest Cover (EBIT divide Net Finance Costs)		ERRORDIV0		ERRORDIV0	ERRORDIV0

Acid Test (Current Asset-Stock)Current Liabilities	ERRORDIV0		A		R			Acid Test (Current Asset-Stock)Current Liabilities	ERRORDIV0		ERRORDIV0		ERRORDIV0		Acid Test (Current Asset-Stock)Current Liabilities		ERRORDIV0		ERRORDIV0	ERRORDIV0

Free Cashflow to Debt Ratio	ERRORDIV0		R		R			Free Cashflow to Debt Ratio	ERRORDIV0		ERRORDIV0		ERRORDIV0		Free Cashflow to Debt Ratio		ERRORDIV0		ERRORDIV0	ERRORDIV0

Net Pension	R		R		R			Net Pension	R		R		R		Net Pension		R		R	R


Scoring

Turnover (Ratio of Turnover to Annual Contract Value)	ERRORDIV0		8		7			Turnover (Ratio of Turnover to Annual Contract Value)	ERRORDIV0		ERRORDIV0		ERRORDIV0		Turnover (Ratio of Turnover to Annual Contract Value)		ERRORDIV0		ERRORDIV0	ERRORDIV0

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)	0		0		0			Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)	0		0		0		Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)		0		0	0

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA	ERRORDIV0		9		10			Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA	ERRORDIV0		ERRORDIV0		ERRORDIV0		Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA		ERRORDIV0		ERRORDIV0	ERRORDIV0

Interest Cover (EBIT divide Net Finance Costs)	ERRORDIV0		0		0			Interest Cover (EBIT divide Net Finance Costs)	ERRORDIV0		ERRORDIV0		ERRORDIV0		Interest Cover (EBIT divide Net Finance Costs)		ERRORDIV0		ERRORDIV0	ERRORDIV0

Acid Test (Current Asset-Stock)Current Liabilities	ERRORDIV0		0		0			Acid Test (Current Asset-Stock)Current Liabilities	ERRORDIV0		ERRORDIV0		ERRORDIV0		Acid Test (Current Asset-Stock)Current Liabilities		ERRORDIV0		ERRORDIV0	ERRORDIV0

Free Cashflow to Debt Ratio	ERRORDIV0		G		G			Free Cashflow to Debt Ratio	ERRORDIV0		ERRORDIV0		ERRORDIV0		Free Cashflow to Debt Ratio		ERRORDIV0		ERRORDIV0	ERRORDIV0

Net Pension	0		0		0			Net Pension	0		0		0		Net Pension		0		0	0

Lead Bidder					Immediate Parent					Ultimate Parent

Lead Bidder Ltd					Immediate Parent Ltd					Ultimate Parent Ltd


Summary Accounts			Latest period			Summary Accounts			Latest period			Summary Accounts			Latest period

INCOME STATEMENT (poundm)	123114		123115		123116			INCOME STATEMENT (pound000s)	31XX20XX		31XX20XX		31XX20XX		INCOME STATEMENT (pound000s)		31XX20XX		31XX20XX	31XX20XX

Months in period	12		12		12			Months in period	12		12		12		Months in period		12		12	12

Consolidated	N		N		N			Consolidated	N		N		N		Consolidated		N		N	N

Annual Interim	Annual		Annual		Annual			Annual Interim	Annual		Annual		Annual		Annual Interim		Annual		Annual	Annual

Turnover	0		3951		4395			Turnover	0		0		0		Turnover		0		0	0

Cost of sales	0		-3610		-4044			Cost of sales	0		0		0		Cost of sales		0		0	0

Gross profit	0		341		351			Gross profit	0		0		0		Gross profit		0		0	0

Other Operating Cost Income	0		-132		-169			Other Operating Cost Income	0		0		0		Other Operating Cost Income		0		0	0

Operating profit	0		209		182			Operating profit	0		0		0		Operating profit		0		0	0


Exceptional items	0		4		23			Exceptional items	0		0		0		Exceptional items		0		0	0

Interest amp other income	0		-60		-60			Interest amp other income	0		0		0		Interest amp other income		0		0	0

Interest paid	0		2		3			Interest paid	0		0		0		Interest paid		0		0	0

Profit before tax	0		155		146			Profit before tax	0		0		0		Profit before tax		0		0	0


Tax	0		-16		-17			Tax	0		0		0		Tax		0		0	0

Profit after tax	0		139		129			Profit after tax	0		0		0		Profit after tax		0		0	0

Other	0		62		-335			Other	0		0		0		Other		0		0	0

Dividends	0		-79		-82			Dividends	0		0		0		Dividends		0		0	0

Retained profit	0		122		-287			Retained profit	0		0		0		Retained profit		0		0	0


Depreciation and Amortisation (pound000s) Hilson Matthew (LAA) These costs should be included in the expenditure noted above however potential suppliers are requested to enter the details again here for the purposes of ratio calculations	0		-45		-45			Depreciation and Amortisation (pound000s)	0		0		0		Depreciation and Amortisation (pound000s)		0		0	0


BALANCE SHEET (poundm)	123114		123115		123116			BALANCE SHEET (pound000s)	31XX20XX		31XX20XX		31XX20XX		BALANCE SHEET (pound000s)		31XX20XX		31XX20XX	31XX20XX

Goodwill	0		1544		1571			Goodwill	0		0		0		Goodwill		0		0	0

Other Intangible fixed assets	0		90		98			Other Intangible fixed assets	0		0		0		Other Intangible fixed assets		0		0	0

Tangible fixed assets	0		141		144			Tangible fixed assets	0		0		0		Tangible fixed assets		0		0	0

Other fixed assets (Fixed asset investments etc)	0		178		186			Other fixed assets (Fixed asset investments etc)	0		0		0		Other fixed assets (Fixed asset investments etc)		0		0	0

Fixed assets	0		1953		2000			Fixed assets	0		0		0		Fixed assets		0		0	0


Non current Trade debtors	0		0		0			Non current Trade debtors	0		0		0		Non current Trade debtors		0		0	0

Non current Group balances	0		0		0			Non current Group balances	0		0		0		Non current Group balances		0		0	0

Non current Other debtors	0		0		0			Non current Other debtors	0		0		0		Non current Other debtors		0		0	0

Other non current assets (Deferred tax etc)	0		104		164			Other non current assets (Deferred tax etc)	0		0		0		Other non current assets (Deferred tax etc)		0		0	0

Employee Benefit assets (Pension etc)	0		0		0			Employee Benefit assets (Pension etc)	0		0		0		Employee Benefit assets (Pension etc)		0		0	0

Amounts owed by joint ventures	0		0		0			Amounts owed by joint ventures	0		0		0		Amounts owed by joint ventures		0		0	0

Other non-current assets	0		104		164			Other non-current assets	0		0		0		Other non-current assets		0		0	0


Stock amp WIP	0		64		79			Stock amp WIP	0		0		0		Stock amp WIP		0		0	0

Trade debtors	0		1271		1664			Trade debtors	0		0		0		Trade debtors		0		0	0

Amounts recoverable on long term contracts	0		0		0			Amounts recoverable on long term contracts	0		0		0		Amounts recoverable on long term contracts		0		0	0

Group balances	0		0		0			Group balances	0		0		0		Group balances		0		0	0

Corporation tax asset	0		0		0			Corporation tax asset	0		0		0		Corporation tax asset		0		0	0

Other debtors	0		1		11			Other debtors	0		0		0		Other debtors		0		0	0

Prepayments and accrued income	0		0		0			Prepayments and accrued income	0		0		0		Prepayments and accrued income		0		0	0

Other current assets (Investments Deferred tax etc)	0		15		46			Other current assets (Investments Deferred tax etc)	0		0		0		Other current assets (Investments Deferred tax etc)		0		0	0

Cash and equivalent	0		462		470			Cash and equivalent	0		0		0		Cash and equivalent		0		0	0

Current assets	0		1813		2270			Current assets	0		0		0		Current assets		0		0	0


Trade creditors	0		1714		2090			Trade creditors	0		0		0		Trade creditors		0		0	0

Amounts due on long-term contracts	0		0		0			Amounts due on long-term contracts	0		0		0		Amounts due on long-term contracts		0		0	0

Obligations under finance lease and hire purchase contracts	0		0		0			Obligations under finance lease and hire purchase contracts	0		0		0		Obligations under finance lease and hire purchase contracts		0		0	0

Amounts owed to group companies	0		0		0			Amounts owed to group companies	0		0		0		Amounts owed to group companies		0		0	0

Loans and overdrafts	0		34		97			Loans and overdrafts	0		0		0		Loans and overdrafts		0		0	0

Other taxes and social security costs	0		7		12			Other taxes and social security costs	0		0		0		Other taxes and social security costs		0		0	0

Other Creditors	0		0		0			Other Creditors	0		0		0		Other Creditors		0		0	0

Accruals and deferred Income	0		0		0			Accruals and deferred Income	0		0		0		Accruals and deferred Income		0		0	0

Corporation tax	0		0		0			Corporation tax	0		0		0		Corporation tax		0		0	0

Provisions	0		5		8			Provisions	0		0		0		Provisions		0		0	0

Other current liabilities	0		12		11			Other current liabilities	0		0		0		Other current liabilities		0		0	0

Liabilities directly associated with assets classified as held for sale	0		0		0			Liabilities directly associated with assets classified as held for sale	0		0		0		Liabilities directly associated with assets classified as held for sale		0		0	0

Current liabilities	0		1772		2217			Current liabilities	0		0		0		Current liabilities		0		0	0


Working capital	0		42		52			Working capital	0		0		0		Working capital		0		0	0


Assets less curr liab	0		2098		2216			Assets less curr liab	0		0		0		Assets less curr liab		0		0	0


Obligations under finance lease and hire purchase contracts	0		0		0			Obligations under finance lease and hire purchase contracts	0		0		0		Obligations under finance lease and hire purchase contracts		0		0	0

Amounts owed to group companies	0		0		0			Amounts owed to group companies	0		0		0		Amounts owed to group companies		0		0	0

Other loans	0		599		592			Other loans	0		0		0		Other loans		0		0	0

Other creditors	0		64		67			Other creditors	0		0		0		Other creditors		0		0	0

Other non current liabilities	0		11		15			Other non current liabilities	0		0		0		Other non current liabilities		0		0	0

Employee benefit liabilities (Pension etc)	0		406		811			Employee benefit liabilities (Pension etc)	0		0		0		Employee benefit liabilities (Pension etc)		0		0	0

Provisions amp other creditors gt 1yr	0		2		1			Provisions amp other creditors gt 1yr	0		0		0		Provisions amp other creditors gt 1yr		0		0	0

Long term liabilities	0		1081		1486			Long term liabilities	0		0		0		Long term liabilities		0		0	0


Minority interest	0		23		29			Minority interest	0		0		0		Minority interest		0		0	0

Shareholders funds	0		994		701			Shareholders funds	0		0		0		Shareholders funds		0		0	0

Net worth	0		1017		730			Net worth	0		0		0		Net worth		0		0	0


Capital employed	0		2098		2216			Capital employed	0		0		0		Capital employed		0		0	0



Check (BS to PampL)		895		0			Check (BS to PampL)		0		0			Check (BS to PampL)		0		0


CASHFLOW (pound000s)	123114		123115		123116			CASHFLOW (pound000s)	31XX20XX		31XX20XX		31XX20XX		CASHFLOW (pound000s)		31XX20XX		31XX20XX	31XX20XX

Cashflow from Operating Activities	0		120		116			Cashflow from Operating Activities	0		0		0		Cashflow from Operating Activities		0		0	0

Capital Expenditure (Tangible and Intangible)	0		37		30			Capital Expenditure (Tangible and Intangible)	0		0		0		Capital Expenditure (Tangible and Intangible)		0		0	0

Free Cashflow	0		158		146			Free Cashflow	0		0		0		Free Cashflow		0		0	0


Annual Contract Value		50		50			Annual Contract Value					Annual Contract Value


Ratios		FY 2015		FY 2016

Turnover (Ratio of Turnover to Annual Contract Value)	ERRORDIV0		790		879			Turnover (Ratio of Turnover to Annual Contract Value)	ERRORDIV0		ERRORDIV0		ERRORDIV0		Turnover (Ratio of Turnover to Annual Contract Value)		ERRORDIV0		ERRORDIV0	ERRORDIV0

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)	00		-6176		-9394			Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)	00		00		00		Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)		00		00	00

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA	ERRORDIV0		07		10			Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA	ERRORDIV0		ERRORDIV0		ERRORDIV0		Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA		ERRORDIV0		ERRORDIV0	ERRORDIV0

Interest Cover (EBIT divide Interest Expense)	ERRORDIV0 Hilson Matthew (LAA) Hilson Matthew (LAA)Should we include exceptional costs (ie Other row 22)		36		31			Interest Cover (EBIT divide Net Finance Costs)	ERRORDIV0 Hilson Matthew (LAA) Hilson Matthew (LAA)Include exceptional items		ERRORDIV0		ERRORDIV0		Interest Cover (EBIT divide Net Finance Costs)		ERRORDIV0 Hilson Matthew (LAA) Hilson Matthew (LAA)Include exceptional items		Hilson Matthew (LAA) Hilson Matthew (LAA)Should we include exceptional costs (ie Other row 22)	Hilson Matthew (LAA) These costs should be included in the expenditure noted above however potential suppliers are requested to enter the details again here for the purposes of ratio calculations	Hilson Matthew (LAA) Hilson Matthew (LAA)Include exceptional items	ERRORDIV0	ERRORDIV0

Acid Test (Current Asset-Stock)Current Liabilities	ERRORDIV0		10		10			Acid Test (Current Asset-Stock)Current Liabilities	ERRORDIV0		ERRORDIV0		ERRORDIV0		Acid Test (Current Asset-Stock)Current Liabilities		ERRORDIV0		ERRORDIV0	ERRORDIV0

Free Cashflow to Debt Ratio	ERRORDIV0		09		07			Free Cashflow to Debt Ratio	ERRORDIV0		ERRORDIV0		ERRORDIV0		Free Cashflow to Debt Ratio		ERRORDIV0		ERRORDIV0	ERRORDIV0

Net Pension	0		-4062		-8106			Net Pension	0		0		0		Net Pension		0		0	0


RAG		FY 2015		FY 2016

Turnover (Ratio of Turnover to Annual Contract Value)	ERRORDIV0		G		G			Turnover (Ratio of Turnover to Annual Contract Value)	ERRORDIV0		ERRORDIV0		ERRORDIV0		Turnover (Ratio of Turnover to Annual Contract Value)		ERRORDIV0		ERRORDIV0	ERRORDIV0

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)	R		R		R			Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)	R		R		R		Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)		R		R	R

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA	ERRORDIV0		G		G			Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA	ERRORDIV0		ERRORDIV0		ERRORDIV0		Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA		ERRORDIV0		ERRORDIV0	ERRORDIV0

Interest Cover (EBIT divide Interest Expense)	ERRORDIV0		G		G			Interest Cover (EBIT divide Net Finance Costs)	ERRORDIV0		ERRORDIV0		ERRORDIV0		Interest Cover (EBIT divide Net Finance Costs)		ERRORDIV0		ERRORDIV0	ERRORDIV0

Acid Test (Current Asset-Stock)Current Liabilities	ERRORDIV0		R		R			Acid Test (Current Asset-Stock)Current Liabilities	ERRORDIV0		ERRORDIV0		ERRORDIV0		Acid Test (Current Asset-Stock)Current Liabilities		ERRORDIV0		ERRORDIV0	ERRORDIV0

Free Cashflow to Debt Ratio	ERRORDIV0		G		G			Free Cashflow to Debt Ratio	ERRORDIV0		ERRORDIV0		ERRORDIV0		Free Cashflow to Debt Ratio		ERRORDIV0		ERRORDIV0	ERRORDIV0

Net Pension	R		R		R			Net Pension	R		R		R		Net Pension		R		R	R


Scoring

Turnover (Ratio of Turnover to Annual Contract Value)	ERRORDIV0		7		8			Turnover (Ratio of Turnover to Annual Contract Value)	ERRORDIV0		ERRORDIV0		ERRORDIV0		Turnover (Ratio of Turnover to Annual Contract Value)		ERRORDIV0		ERRORDIV0	ERRORDIV0

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)	0		0		0			Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)	0		0		0		Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)		0		0	0

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA	ERRORDIV0		9		9			Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA	ERRORDIV0		ERRORDIV0		ERRORDIV0		Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA		ERRORDIV0		ERRORDIV0	ERRORDIV0

Interest Cover (EBIT divide Net Finance Costs)	ERRORDIV0		0		0			Interest Cover (EBIT divide Net Finance Costs)	ERRORDIV0		ERRORDIV0		ERRORDIV0		Interest Cover (EBIT divide Net Finance Costs)		ERRORDIV0		ERRORDIV0	ERRORDIV0

Acid Test (Current Asset-Stock)Current Liabilities	ERRORDIV0		0		0			Acid Test (Current Asset-Stock)Current Liabilities	ERRORDIV0		ERRORDIV0		ERRORDIV0		Acid Test (Current Asset-Stock)Current Liabilities		ERRORDIV0		ERRORDIV0	ERRORDIV0

Free Cashflow to Debt Ratio	ERRORDIV0		G		G			Free Cashflow to Debt Ratio	ERRORDIV0		ERRORDIV0		ERRORDIV0		Free Cashflow to Debt Ratio		ERRORDIV0		ERRORDIV0	ERRORDIV0

Net Pension	0		0		0			Net Pension	0		0		0		Net Pension		0		0	0

	Data for Basic RAG

Key SQ Assessment Ratios			Input thresholds into bold cells below

		R		A		G

Turnover (Ratio of Turnover to Annual Contract Value)		Turnover (Ratio of Turnover to Annual Contract Value)		2				Higher the better

Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)		Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)		0				Higher the better

Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA		Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA		3			1		Lower the better		What are realistic boundaries for this ratio

Interest Cover (EBIT divide Net Finance Costs)		Interest Cover (EBIT divide Net Finance Costs)		1			20		Higher the better		What are realistic boundaries for this ratio

Acid Test (Current Asset-Stock)Current Liabilities		Acid Test(Current Asset-Stock)Current Liabilities		1			15		Higher the better

Operating Cashflow Ratio		Free Cashflow to Debt Ratio		75			150		Higher the better		What are realistic boundaries for this ratio

	Net Pension Position		0				Higher the better

Additional Risk Indicators		Scored RAG

		Thresholds											Scores

	Turnover (Ratio of Turnover to Annual Contract Value)		100		90		80		70	60		50	40	30	20	10	0	10	9	8	7	6	5	4	3	2	1	0

	Net Tangible Assets (Total Assets [excl Intangibles] - Total Liabilities)		100		90		80		70	60		50	40	30	20	10	0	10	9	8	7	6	5	4	3	2	1	0

	Net Debt to EBITDA ratio(ST + LT Debt - Cash amp equivalents)EBITDA		0		10		20		30	40		50	60	70	80	90	100	10	9	8	7	6	5	4	3	2	1	0

	Interest Cover (EBIT divide Net Finance Costs)		100		90		80		70	60		50	40	30	20	10	0	10	9	8	7	6	5	4	3	2	1	0

	Acid Test(Current Asset-Stock)Current Liabilities		100		90		80		70	60		50	40	30	20	10	0	10	9	8	7	6	5	4	3	2	1	0

	Free Cashflow to Debt Ratio		100		90		80		70	60		50	40	30	20	10	0	10	9	8	7	6	5	4	3	2	1	0

	Net Pension Position		100		90		80		70	60		50	40	30	20	10	0	10	9	8	7	6	5	4	3	2	1	0




	Confirm which Basis is beng used for assessment

	Guidance for FVRATemplate1Group

	Input Sheets

	Lead suppliers are responsible for ensuring that the relevant information for immediate parent ultimate parent and any significant sub-suppliers is entered into this template


	There are 3 main groups of tabs where information should be input

1		Financial information drawn from the resource accounts must be entered into the Blue Tabs 11 Lead Financial Input and 12 Sub-Supplier Financial Input as necessary

2		Ancillary information must be entered into the White Tabs 21 Lead Ancillary Input and 22 Sub-Supplier Ancillary Input as necessary

3		Explanatory comments should be entered into the Black Tabs 31 Lead Supplier Assmt to 36 Sub-Supplier 3 Assmt as necessary


	Blue Tabs

	Income Statement Costs should be entered as negative values income should be entered as a positive value

	Income Statement Depreciation and Amortisation should be included in line with how it is recorded in resource accounts (either Cost of Sales or Other Operating CostsIncome)

	Balance Sheet all figures are to be entered as positive values


	White Tabs

	Share price should be quoted as at XXXX2018		HMPPS to decide what the cut off date for share price is

	Company Directors as at XXXX2018		HMPPS to decide what the cut off date for this is - suggest its the same date as share price

	Credit Report Please provide the most recent credit report stating the credit reporting agency and also the date the report was generated


	Black Tabs

	Ratio information from the Financial Input tabs will auto-populate here

	There is a section on the right hand side where the supplier is able to provide comment to provide context to any ratios mitigations or explanation of future activities which may have an impact on the ratio

Official Sensitive - Live Group · Interim Results. BALANCE SHEET (£m) 31/6/16 31/6/17. Goodwill...

Documents

Transcript of Official Sensitive - Live Group · Interim Results. BALANCE SHEET (£m) 31/6/16 31/6/17. Goodwill...

Supplier Instructions

Authority RAG Thresholds

11 Lead Financial Input

12 Sub-Supplier Financial Inpu

21 Lead Ancillary Input

22 Sub-Supplier Ancillary Inpu

Authority Long List Ratios

31 Lead Supplier Assessment

32 Immediate Parent Assmt

33 Ultimate Parent Assmt

34 Sub-Supplier 1 Assmt

35 Sub-Supplier 2 Assmt

36 Sub-Supplier 3 Assmt

Supplier Instructions

Authority RAG Thresholds

11 Lead Financial Input

12 Sub-Supplier Financial Inpu

21 Lead Ancillary Input

22 Sub-Supplier Ancillary Inpu

Authority Long List Ratios

31 Lead Supplier Assessment

32 Immediate Parent Assmt

33 Ultimate Parent Assmt

34 Sub-Supplier 1 Assmt

35 Sub-Supplier 2 Assmt

36 Sub-Supplier 3 Assmt

Supplier Instructions

Authority RAG Thresholds

11 Lead Financial Input

12 Sub-Supplier Financial Inpu

21 Lead Ancillary Input

22 Sub-Supplier Ancillary Inpu

Authority Long List Ratios

31 Lead Supplier Assessment

32 Immediate Parent Assmt

33 Ultimate Parent Assmt

34 Sub-Supplier 1 Assmt

35 Sub-Supplier 2 Assmt

36 Sub-Supplier 3 Assmt

Supplier Instructions

Authority RAG Thresholds

11 Lead Financial Input

12 Sub-Supplier Financial Inpu

21 Lead Ancillary Input

22 Sub-Supplier Ancillary Inpu

Authority Long List Ratios

31 Lead Supplier Assessment

32 Immediate Parent Assmt

33 Ultimate Parent Assmt

34 Sub-Supplier 1 Assmt

35 Sub-Supplier 2 Assmt

36 Sub-Supplier 3 Assmt

Supplier Instructions

Authority RAG Thresholds

11 Lead Financial Input

12 Sub-Supplier Financial Inpu

21 Lead Ancillary Input

22 Sub-Supplier Ancillary Inpu

Authority Long List Ratios

31 Lead Supplier Assessment

32 Immediate Parent Assmt

33 Ultimate Parent Assmt

34 Sub-Supplier 1 Assmt

35 Sub-Supplier 2 Assmt

36 Sub-Supplier 3 Assmt

Supplier Instructions

Authority RAG Thresholds

11 Lead Financial Input

12 Sub-Supplier Financial Inpu

21 Lead Ancillary Input

22 Sub-Supplier Ancillary Inpu

Authority Long List Ratios

31 Lead Supplier Assessment

32 Immediate Parent Assmt

33 Ultimate Parent Assmt

34 Sub-Supplier 1 Assmt

35 Sub-Supplier 2 Assmt