HC Deb 12 June 1995 vol 261 c371W
Mr. Peter Bottomley

To ask the Secretary of State for National Heritage if he will estimate the expected deficit or surplus of Channel 4 in the years 1990 to 2000. [26444]

Mr. Dorrell

Forward financial planning is a matter for the Channel 4 television corporation. Figures for the period 1990–94 are contained within the annual reports published by the Independent Television Commission, for 1990–1992, and Channel 4, for 1993–1994. The figures are:

Date £ million
April-December 1990 1.1 surplus
January-December 1991 0.2 surplus
January-December 1992 6.6 deficit

From January 1993, when Channel 4 became a self-governing statutory corporation, its retained profit figures, after taxation and payments of excess qualifying revenue to the Independent Television Commission, were:

Date £ million
January-December 1993 1.3 retained profit
January-December 1994 21.9 retained profit