§ Mr. David Howellasked the Secretary of State for Industry if he will publish the information needed to up-date tables 1 and 2 of the article "Estimating Companies' Rate of Return on Capital Employed" of November 1974 Economic Trends; and if he will publish the various measures of profitability in these tables as percentage shares of national income at factor cost.
§ Mr. Clinton DavisI have been asked to reply.
Table 1 of the article was brought up to date in Trade and Industry, 24th October 1975, pages 244–247. Information to update table 2 is not available. The table below shows company trading income as a share of the corresponding national aggregate where comparable figures are available.
NET TRADING INCOME* AT CURRENT REPLACEMENT COSTS AS A PERCENTAGE OF TOTAL DOMESTIC INCOME All companies Industrial commercial companies Before providing for stock appreciation† After providing for stock appreciation‡ Before providing for stock appreciation† After providing for stock appreciation‡ 1955 15.8 15.2 — — 1956 14.6 13.8 — — 1957 14.5 13.8 — — 1958 13.3 13.4 — — 1959 14.2 13.8 — — 1960 14.8 14.5 15.8 15.5 1961 13.2 12.8 14.1 13.7 1962 12.2 11.9 13.1 12.7 1963 13.3 12.9 14.2 13.7 1964 13.7 12.9 14.8 14.1 1965 13.1 12.4 14.2 13.5 1966 11.7 10.8 13.0 12.1 1967 11.3 10.9 12.5 12.0 1968 12.0 10.8 13.2 12.0 1969 10.7 9.2 12.1 10.7 1970 10.0 8.0 11.4 9.4 1971 10.0 8.3 11.2 9.5 1972 10.1 8.2 11.6 9.7 1973 11.1 7.1 12.6 8.7 1974 10.1 3.4 12.3 5.8 * Gross trading profits plus rent received less capital consumption at current replacement costs. † As a share of total domestic income net of capital consumption at current replacement costs. ‡ As a share of total domestic income net of capital consumption at current replacement costs and stock appreciation.