§ Mr. Tim Smithasked the Secretary of State for Trade what general matters the Inflation Accounting Steering Group is currently considering; whether it is specifically reviewing accounting for depreciation, accounting for cost of sales and accounting for distributable profit; what other specific matters the Group is reviewing; and if it will publish reports on these matters.
§ Mr. Clinton DavisThe inflation accounting steering group was set up by the Accounting Standards Steering Committee—now the Accounting Standards Committee—to prepare a proposal for an exposure draft on current cost accounting. It is currently considering the comments received on exposure draft 18 and developing, for the Accounting Standards Committee, revised proposals for initial accounting standards on current cost
Africa Asia Caribbean Number Value Number Value Number Value 1975 … … 5.20 19.41 11.98 44.62 0.43 1.57 1976 … … 4.73 23.12 11.64 50.39 0.40 1.83 1977 … … 5.47 29.99 12.98 62.76 0.44 2.27 Notes:
Number in thousand millions.
Value in £ million fob.
Asia excluding USSR.
The Caribbean excludes countries—e.g. Cuba and Haiti—included in the area grouping "Latin America" in the "Overseas Trade Statistics of the United Kingdom".