Category: Finances

The Summary Financial Statement assesses the BBC's Income Statement, Balance Sheet and Cash Flow.

The summary financial statement comprises the BBC's Summary Income Statement, Summary Balance Sheet  and Summary Cash Flow Statement. These include the key headline data from the full annual financial statements which are available in the Download centre.

The summary financial information presented within Part Two of the BBC’s Annual Report does not constitute the full financial statements of the BBC for the financial years ended 31 March 2014 and 2013 but represents extracts from them. These extracts do not provide as full an understanding of the financial performance and position, or financial and investing activities, of the BBC as the full annual financial statements.

The independent auditor of the BBC, KPMG LLP, has issued an unqualified audit opinion on the full financial statements for the years ended 31 March 2014 and 2013.

Statement of the Executive Board’s responsibilities in respect of Part Two of the BBC’s Annual Report and summary financial information

The Executive Board has accepted responsibility for preparing Part Two of the BBC’s Annual Report and the summary financial information included therein. The summary financial information is intended by the Board to be consistent with the full annual financial statements of the Corporation.

In considering the consistency of the summary financial information with the full annual financial statements, the Executive Board has elected to:

  • „„use headings and sub-totals in the summary income statement, summary balance sheet and summary cash flow statement that include, as a minimum, the headings and sub-totals shown in bold type in the corresponding primary statements in the full annual financial statements;
  • „„include a brief description of the respective headings; „„ensure that the amounts reported in the summary financial information agree with the corresponding amounts reported in the full annual financial statements;
  • „„include the comparative amount for the immediately preceding financial year for all amounts reported in the summary financial information;
  • „„include an explanation of “what has happened in the year” reflecting the main transactions and events reported in the full annual financial statements as they affect the respective heading; and
  • „„include any other information necessary to ensure that the summary financial information is consistent with the full annual financial statements for the financial year in question.

The summary financial information, the Strategic report and Governance and finance report (including Executive remuneration report) was approved by the Executive Board and signed on its behalf on 19 June 2014 by:

Tony Hall
Director-General

Anne Bulford 
Managing Director, BBC Finance and Operations

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