CFOs had entered 2011 in a buoyant mood with a new focus on growth and revenue, but have left the first quarter in a somewhat more cautious mood. CFO caution coincides with the increased uncertainty at the global political and economical forum, fuelled by the crisis in the Middle-East and the nuclear crisis in Japan.
Call for caution
Not all survey questions are reported in each quarterly survey. In response to the current financial economic situation survey questions will be selected. In case you participated to the survey and would like to receive information about non-reported questions do not hesitate to contact us.
Some of the charts in the Deloitte CFO survey show the result in the form of a net % balance. This is the percentage of respondents reporting, for instance, that bank credit is attractive minus the percentage saying bank credit is unattractive. This is a standard way of presenting survey data.
The 2011 first quarter survey took place between 22nd of March and April 8th 2011. A total of 48 CFOs completed our survey. The participating CFOs are active in variety of industries. 51% of the participating companies have a turnover of over 1 billion, 29% of between 100 million and 1 billion and 20% of less than 100 million.
Survey responses may not be a statistically accurate representation of the country identified.
We would like to thank all participating CFOs for their efforts in completing our survey. We hope the report makes an interesting read, clearly highlighting the challenges facing CFOs, and providing an important benchmark to understand how your organization rates among peers.
Thierry Van Schoubroeck
Deloitte CFO Services, Partner
Tel. + 32 2 749 56 04