§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer, pursuant to his answer of 3 April,Official Report, column 908, providing information on the overseas earnings of United Kingdom companies, if he will list the corresponding net return on capital invested in each of the years in question. [27072]
§ Mr. NelsonThe information available is given in table:
Direct investment by United Kingdom companies overseas: Rate of return on direct investment1 Percentage Manufacturing Industry2 All Industries 1989 14.2 13.0 1990 13.9 12.8 1991 13.4 10.0 1992 10.9 9.2 1993 10.7 9.9 1 Net earnings after depreciation and tax as a percentage of the outstanding level of investment in book values at the end of the relevant year. Excludes interest receipts from overseas affiliates. 2 Classified by main industrial activity of overseas affiliate. Source:
Central Statistical Office.
§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer, pursuant to his answer of 3 April,Official
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Percentage of gross national product1 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 Whole economy Gross domestic fixed capital formation All assets 18.6 18.7 18.3 19.5 20.5 19.7 19.3 18.5 18.3 18.5 Plant and machinery 7.0 6.8 6.2 6.5 6.7 6.3 6.6 6.6 6.8 6.8 Net domestic fixed capital formation All assets 9.8 9.5 8.9 9.8 9.9 8.8 8.3 7.2 6.9 7.1 Manufacturing industries2 Gross domestic fixed capital formation 3.9 3.6 3.0 3.0 3.5 3.2 3.0 3.2 3.5 3.5 Net domestic fixed capital formation n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Industrial and commercial companies Undistributed profits 8.8 9.3 10.4 12.5 11.9 10.0 11.6 12.3 12.3 13.1 1 Gross national product (GNP) at market prices has been used as the denominator for investment percentages and GNP at factor cost for the calculation related to undistributed profits. 2 Manufacturing is defined as all industries which contribute to Section D of the Standard Industrial Classification 1992. Report, column 908, relating to the overseas earnings of UK companies, if he will publish the corresponding figures for 1979 and 1970. [26929]
§ Mr. NelsonThe information available is given in the table. Prior to 1984 the earnings from direct investment overseas by oil companies are not available, hence figures for all industries cannot be given.
Direct investment by UK companies overseas: net earnings 1 £million Manufacturing Industry2 1970 350 1979 1,597 1 Earnings from branches, subsidiaries and associate companies. Earnings are defined as profits net of losses, plus interest receipts net of claims. 2 Classified by main industrial activity of overseas affiliate. Source:
Central Statistical Office.
§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer, pursuant to his answer of 3 April,Official Report, column 908, on the overseas earnings of UK companies, if he will publish the corresponding figures and rates of return on domestic investment distinguishing between (a) manufacturing and (b) other companies. [26928]
§ Mr. NelsonNo corresponding figures and rates of return are available for domestic investment. However information on rates of return on capital employed are published in the annual CSO First Release [CS0(94)205] "Profitability of UK Companies", last published on 30 September 1994, a copy of which is available in the Library.