HC Deb 21 July 1994 vol 247 c535W
Mr. Elletson

To ask the President of the Board of Trade what financial target and capital expenditure limits have been set for the United Kingdom Atomic Energy Authority for 1994–95.

Mr. Eggar

The UKAEA's financial target for 1994–95 has been set as a 6.7 per cent. return on average capital employed, calculated according to the historic cost convention as modified. The target is based on profit earned on ordinary activities before long-term interest payable and the costs and proceeds of the sale of the UKAEA's facilities services division. I have also approved the UKAEA's capital expenditure programme for the year at £14 million.