HC Deb 28 July 1976 vol 916 cc277-8W
Mr. Grylls

asked the Secretary of State for Industry (1) what was the profit before tax, of British Leyland Ltd., expressed as a percentage of the total value of sales for the six months ended 31st March 1974, 1975 and 1976;

(2) what was the value of British Leyland's net operating assets at; (a) 30th September 1975 and (b) 31st March 1976; and what they represent as a percentage of annual and six-monthly turnover, respectively, at both these dates;

(3) what proportion of the total funds necessary for British Leyland's capital investment programme during the financial year ending 30th September 1976 will come from British Leyland's own internal sources; and what is the estimate of the similar figures for the financial year ending 30th September 1977.

Mr. Les Huckfield

I have made available to the House a summary report on British Leyland's performance during the current financial year. The hon. Member is seeking more detailed information about some aspects of British Leyland's performance which are a matter for the British Leyland board. The hon. Member should therefore write to the chief executive on these points.

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