§ Mr. Proctorasked the Secretary of State for Energy if he will set out in the Official Report the income and expenditure of each public sector industry for which his Department has been responsible in each of the last 10 years: and if he will indicate the loss or surplus and his Department's level of subsidy in each case.
§ Mr. Peter Walker[pursuat to the reply, 24 May 1984, c. 482.]: The following tables set out the information sought:
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British Gas Corporation £m Year Income Expenditure Profit/(loss)* 1973–74 971 865 106 1974–75 1,207 1.101 106 1975–76 1,566 1,379 187 1976–77 1,958 1,758 200 1977–78† 2,568 2,254 314 1978–79 2,972 2,529 443 1979–80 3,513 3,047 466 1980–81 4,295 3,914 381 1981–82 5,235 4,924 311 1982–83 5,958 5,295 663 Source:BGC Annual Report and Accounts
* After interest but before taxation
† From 1978–79 BGC have produced main accounts in current cost form. The figures for this and subsequent years are not therefore directly comparable with the historic cost figures for proceeding years.
There have been no Government subsidies made to the BGC in this period.
British National Oil Corporation Year* Income Expenditure Profit/ (loss)† Subsidies from Central Government 1976‡ 26 58 (32) — 1977 28 58 (30) — 1978 432 458 (26) — 1979 3,245 3,168 77 — 1980 4,323 4,014 309 — 1981 5,752 5,314 438 — 1982(7 months to 31 July)║ 3,913 3,651 262 — 1982 (5 months to 31 Dec)║ 3,157 3,155 2 ¶— 1983 7,910 7,909 1 — Source: Annual Reports.
* BNOC has a calendar accounting year.
† Profit/(loss) after net interest, before tax.
‡ Corporation established on 1 January 1976.
National Coal Board £ million Year *Income Of which Operating and Social Grants †Expenditure Deficit Grant ‡Profit/(loss) 1973–74 1,033 130 1,164 — (131) 1974–75 1,663 68 1,663 — — 1975–76 2,199 32 2,193 — 5 1976–77 2,532 55 2,505 — 27 1977–78 2,903 75 2,882 — 21 1978–79 3,310 172 3,329 — (19) 1979–80 3,861 92 4,020 159 — 1980–81 4,615 105 4,822 149 (58) 1981–82 4,983 147 5,411 428 — 1982–83 5,098 146 5,583 374 (111) Source: Annual Reports and Accounts.
* Including adjustments for taxation, minority interests, extraordinary items and exchange losses.
† After interest.
‡ After Government subsidies.