FINANCIAL AND MARKET RESULTS
7 .2a Summaries current levels and trends
in key measures of financial performance,
including aggregate measures of financial
results and/or economic value, as
appropriate. Compare results relative to
competitors and/or benchmarks,
as appropriate.
ENSURE PRUDENT FINANCIAL
MANAGEMENT
Financial Management Indicator (FMI)
URA has implemented the Ministry of Finances FMI
framework as a means to better utilise its capital
and resources in the creation and maximization of
public value.
Over the last few years, we have made pos1t1ve
improvements in the FMI from our operations (see Figure
7. 2. 1). This is achieved mainly through initiatives such
as best sourcing, economy drive programmes, regular
reviews of fees and charges, tighter management
of resources and investments to manage the three
key components of the FMI, namely income, cost
and capital.
Budget Utilization
An indicator of cost for URAs management is the budget
utilization rate which measures the percentage of
budgeted expenditure that has been incurred.
As shown in Figure 7 2 2, the actual utilization rates are
consistently within a tight range of 90% to I 00%.
FINANCIAL AND MARKET RESULTS
7 .2a Summaries current levels and trends
in key measures of financial performance,
including aggregate measures of financial
results and/or economic value, as
appropriate. Compare results relative to
competitors and/or benchmarks,
as appropriate.
ENSURE PRUDENT FINANCIAL
MANAGEMENT
Financial Management Indicator (FMI)
URA has implemented the Ministry of Finances FMI
framework as a means to better utilise its capital
and resources in the creation and maximization of
public value.
Over the last few years, we have made pos1t1ve
improvements in the FMI from our operations (see Figure
7. 2. 1). This is achieved mainly through initiatives such
as best sourcing, economy drive programmes, regular
reviews of fees and charges, tighter management
of resources and investments to manage the three
key components of the FMI, namely income, cost
and capital.
Budget Utilization
An indicator of cost for URAs management is the budget
utilization rate which measures the percentage of
budgeted expenditure that has been incurred.
As shown in Figure 7 2 2, the actual utilization rates are
consistently within a tight range of 90% to I 00%.
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