board reporting template

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This template was provided by the Davidson Institute. The Davidson Institute Team deliver business planning and financial education concepts through courses that can help bring further knowledge and expand on the information that has provided through this seminar. They provide both face to face and on-line learning platforms. If you would like to speak to them on how they may help your organisation, please drop them a note or visit them at davidsoninstitute.edu.au for more information.

TRANSCRIPT

Page 1: Board reporting template

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Table of Contents.Table of Contents.

Strategic Performance ................................................................................................................................................................................................. 3

Financial Performance ................................................................................................................................................................................................. 7

Crisis Stratergy ........................................................................................................................................................................................................... 16

Sales Activities ........................................................................................................................................................................................................... 18

People Management ..................................................................................................................................................................................................22

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Strategic Performance.

3

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Strategic Goals Year Strategic Performance.

Vision:

Item # Goals Current Update <(Month)>

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Business Standards.Strategic Performance.

Initiatives Monthly Success Story

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Financial Goals Year Strategic Performance.

Vision:

Item # Goals Current Update <(Month)>

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Financial Performance.

7

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Financial Year Financial Performance.

Current Month ACTUAL(Current Month)

BUDGET(Current Month)

ACTUAL(Year to Date)

BUDGET(Year to Date)

SALES

COST OF GOODS SOLD or DIRECT COSTS

GROSS PROFIT

%

OVERHEADS

%

EBIT (EARNINGS BEFORE INTEREST AND TAX)

%

PROFIT

%

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Working Capital Management.Financial Performance.

Month Accounts Receivable Inventory or WIP Accounts Payable Working Capital KPIs

AUG

JUL

JUN

MAY

APR

MAR

FEB

JAN

DEC

NOV

OCT

SEP

Working Capital indicates how much cash is tied up in the busines = Accounts Receivable + Inventory or WIP - Accounts Payable.

� Accounts Receivable is money we are owed + WIP is work completed that we have not yet billed

to our customers or Inventory is stock we are holding prior to sale � – Accounts Payable is other peoples’ money we are using to fund our Debtors and WIP

Note: base your KPIs on an average over the past 12 months.

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Financial Levers and Cash Flow.Financial Performance.

4 Financial Chapters Period

Actual ResultTarget

Good Acceptable Not Acceptable

Chapter 1: Profit $ % Days

Sales

Cost of Goods Sold

Gross Profit

Overhead Expenses

EBIT

Chapter 2: Working Capital $ % Days

Accounts Receivable

Inventory/WIP

Accounts Payable

Working Capital Employed

Working Capital %

Chapter 3: Fixed Assets $ % Days

Fixed Asset Funding

Assets Employed

Chapter 4: Cash Flow $ % Days

Net Cash Flow

Marginal Cash Flow

Operating Cash Flow

DuPont = EBIT* Asset Turnover

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Financial Definitions.Financial Performance.

Current Result

Chapter 1: Profit Calculation $ Calculation %

Sales Sales/Sales

Cost of Goods Sold (COGS) COGS/Sales

Gross Profit = Sales - COGS Gross Profit/Sales Gross Margin %

Overhead Expense Overhead/Sales

EBIT = Gross Profit – Overheads EBIT/Sales

Chapter 2: Working Capital Calculation $ Calculation %

Accounts Receivable (AR) AR/Sales* day in period (365)

Inventory/WIP INV or WIP/Sales* day in period (365)

Accounts Payable (AP) AP/Sales* day in period (365)

Working Capital = AR + INV - AP WC/Sales* day in period (365)

Working Capital % WC/Sales

Chapter 3: Fixed Assets Calculation $ Calculation %

Fixed Asset Funding Sales/Fixed Assets

Assets Employed = Assets + INV + AR - AP Sales/Capital Employed or Asset Turnover

Chapter 4: Cash Flow $ %

Net Balance = Cash at Bank - (Short Term Debt + Long Term Debt)

1. Net Cash Flow = Opening Net Balance – Closing Net Balance

2. Marginal Cash Flow = Gross Margin (%) – Working Capital (%)

3. Operating Cash Flow = EBIT – (WC current period – WC previous period)

DuPont = EBIT* Asset Turnover

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Forecast.Financial Performance.

Month TOTAL

Actual Sales

Actual Net Profit

Budget Sales

Budget Net Profit

12-Month Rolling

Month TOTAL

Sales

Net Profit

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Debtor KPIs.Financial Performance.

Debtors

Actual %

Days KPIs This Month Last Month Actual $

Current

1-30 Days

30-60 Days

60-90 Days

90+ Days

TOTAL

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Accounts Receivable: 90+ Days OverFinancial Performance.

Accounts Receivable Review: 90+ Days

Client Client Level Debt Amount Client Relationship Notes

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Breakeven Analysis.Breakeven Analysis.

Remain blank unless you record a LOSS

Breakeven – Sales needed to cover Overheads

Expenses for the month

GP Margin %

Expenses for the month divided by GP Margin % = Breakeven Sales figure

Breakeven Sales figure

Actual Sales figure

Tick box if Actual Sales do not reach Breakeven Sales Trigger point to action crisis strategy = 3 consecutive months of trading below breakeven

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Crisis Strategy.

16

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Crisis Strategy.Crisis Strategy.

Do you have the management strength to make the tough decisions when required?

Potential Reasons for decrease in Sales

Proactive Strategies

Reactive Strategies

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Sales Activities.

18

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Sales Activities – Current Customers.Sales Activities.

Existing Clients

Please Note: Only include sales meetings, not business as usual meetings

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

Activities Last Month Activities This Month

Client/Contact Name Key Client/Contact Name Key

F Functions (i.e. golf day, seminar, open day, shows, expos, client functions etc)

E Entertainment/Networking (i.e. coffee, lunch, dinner, concerts, football etc)

M Sales Meetings (i.e. panel maintenance, product launches, informative meetings etc)

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Sales Activities – New Prospects.Sales Activities.

New Clients/Markets

Deliver your Business Plan Sales Strategy (match your business services to the clients’ needs to maximise growth potential, a repeat sales objective is paramount)

1.

2.

3.

4.

5.

6.

Activities Last Month Activities This Month

Client/Contact Name Key Client/Contact Name Key

1 = Make Appointment. 2 = Attend Appointment with Questionnaire. 3 = Deliver Presentation with Solution – based from questionnaire.  4 = Record Outcome in Excel & Action. 5 = Deliver Next Step or Solution. 6 = Follow Through. P = Pending Further Appointment. X = Unsuccessful/Not Interested.

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Sales Team Performance.Sales Activities.

Sales Team

Current Month YTD

Name KPI Actual Variance KPI Actual Variance Performance % Rating

TOTAL

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People Management.

22

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Staff and Culture.People Management.

Staff Training/Workshops

Item # Proposed Training Current Update

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Staff and Culture.People Management.

Activities to Foster Positive Culture and Reinforce Values

Item # Proposed Activities Current Update

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Staff KPIs.People Management.

Staff KPIs

Name Status

E, VG, G, O

E = Excellent VG = Very Good G = Good O = Out

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General Business.

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General Business.