1. OUTTURN 2021

Net deficit 2021 – €0.247m (0.0%). Drivers of increased net expenditure €63.461m in 2021:

• COVID Loss of income €18.8m – the impact on patient and other income is a major continuing challenge with consequent cash issues for the voluntary hospitals in the Group
• Impact of COVID initiatives 2021 – €44.1m
  • Service and staff additionality to deal with COVID impact
  • Increased security, cleaning, disposables including PPE and Bon Secours private hospital agreement
  • 3 months additional high risk maternity leave due to COVID and increased COVID related absence
  • Vaccination centres on hospital sites
• Cyber-attack – impact in terms of agency, overtime and recovery operations €1.27m
• Pay awards – reversion of Haddington Road Agreement cuts plus 1% pay award paid October, impact €5.525m
• Other service developments – €4.456m

2. CAVEATS

• Pension cost impact excluded from above projection – pension cost increases will be funded in line with Corporate Finance policy