§ Mr. Goldingasked the Secretary of State for Defence what have been the changes in labour productivity of royal ordnance factory, Radway Green in the last two years.
§ Mr. PattieIn the past two years, operations at the royal ordnance factory, Radway Green, have reflected a major investment in new plant—£19 million over the last five years—a substantial increase in demand, and a drive to reduce costs. Because of these influences, there is no ready single measurement of labour productivity. However, in the two years to 31 March 1983, turnover increased by 52 per cent. while numbers employed fell by 20 per cent. As a result, sales value per employee increased by 93 per cent. arid added value per employee by 82 per cent.
§ Mr. Goldingasked the Secretary of State for Defence (1) what profit has been made at royal ordnance factory, Radway Green in the last year;
(2) what are the fixed and current assets, respectively, of royal ordnance factory, Radway Green;
(3) how much has been invested in new plant and tools at royal ordnance factory, Radway Green in the past year.
§ Mr. PattieRoyal ordnance factory, Radway Green, in common with all the other factories covered by the trading fund, prepares management accounts and operates as a profit centre. However, the profit and loss account and balance sheet figures recorded in the accounts of individual royal ordnance factories do not represent a stand-alone position and separate accounts for each factory are not published. It is not possible therefore under present ROF accounting practices to establish an annual profit figure for individual ROFs.
As at 31 March 1983 the fixed assets of ROF Radway Green were valued at £23.7 million; the current assets at £11.5 million with current liabilities of £2.7 million.
Investment in new plant and tools at the factory during 1982–83 was £3.7 million.