HC Deb 20 November 1984 vol 68 c97W
Mr. Gordon Brown

asked the Chancellor of the Exchequer if he will publish in the Official Report a table showing, for each central Government trading fund from the financial year of establishment, (a) its historic cost

(a) (b) (c) (d)
Historic cost results £ million (Note 1) Current cost results £ million (Note 1) Financial target per cent, return on net assets Overl(Under) achievement per cent. Break-even performance required
Historic cost per cent. (Note 2) Current cost per cent. (Note 2)
Royal Ordnance Factories
1974–75 0.6 — (Note 3) (Note 3) 3.4 —
1975–76 8.6 — (Note 3) (Note 3) 4.4 —
1976–77 37.6 — (Note 3) (Note 3) 3.1 —
1977–78 40.0 — (Note 3) (Note 3) 2.3 —
1978–79 38.2 — (Note 3) (Note 3) 1.7 —
1979–80 18.2 2.9 5 (2.7) 1.0 0.7
1980–81 0.9 (11.2) 5 (9.7) 0.9 0.5
1981–82 12.1 (1.9) 5 (5.5) 1.4 0.8
1982–83 87.7 74.5 5 11.5 0.3 0.2
1983–84 65.3 52.6 5 8.7 0.1 0.1
Royal Mint
1975–76 0.9 — 15 (4.5) 6.3 —
1976–77 7.1 — 15 17.3 5.2 —
1977–78 3.9 — 15 4.6 4.8 —
1978–79 6.2 — 15 6.9 3.5 —
1979–80 7.2 — 15 7.9 2.8 —
1980–81 9.1 9.5 12 16.0 2.0 1.8
1981–82 8.4 9.2 11 13.2 1.7 1.4
1982–83 5.2 3.3 11 (3.2) 1.4 1.1
1983–84 7.5 6.6 11 4.4 1.0 0.8
The Crown Suppliers
1976–77 3.9 — (Note 4) (Note 4) 10.8 —
1977–78 5.2 — (Note 4) (Note 4) 9.5 —
1978–79 2.6 — (Note 4) (Note 4) 8.2 —
1979–80 1.7 — (Note 4) (Note 4) 6.8 —
1980–81 1.4 0.6 (Note 4) (Note 4) 6.9 6.6
1981–82 2.2 1.5 5 5.4 6.6 6.5
1982–83 10.9 9.4 5 22.4 5.1 5.1
1983–84 (Note 5)
Her Majesty's Stationery Office
1980–81 7.1 2.8 5 17.4 18.0 17.8
1981–82 0.2 (5.5) 5 2.3 14.8 14.5
1982–83 4.5 1.6 5 11.4 14.5 14.3
1983–84 7.1 3.3 5 12.6 13.4 13.2

Notes

  1. 1. Columns (a) and (b) give the surplus/(deficit) for the year after interest.
  2. 2. The entries under column (d) give the return required on net assets employed to meet the interest on long-term borrowing.
  3. 3. For the period 1 July 1974 to 31 March 1979 the Royal Ordnance Factories were required to earn an excess of revenue over outgoings sufficient to permit the payment of an average dividend of 10 per cent, per annum. This was achieved.
  4. 4. For the period 1 April 1976 to 31 March 1981 the Crown Suppliers were required to earn an excess of revenue over outgoings sufficient to provide for a return of 10 per cent, on average net assets or interest due on long-term borrowing. This was achieved.
  5. 5. The 1983–84 accounts of the Crown Suppliers have not yet been laid.