§ Mr. Onslowasked the Secretary of State for Transport what is the current net asset value of British Airways; and what it was in each of the years since the formation of the corporation.
§ Mr. David Mitchell[pursuant to the reply, 15 February 1984, c. 211]: Following are the value of net assets (defined as total assets less total liabilities, including minority interests, and sometimes called net worth) shown in British Airways' published accounts for the last 11 years, in accordance with both the historic cost convention and with the current cost convention since its introduction.
£ million 31 March Historic cost Current cost 1973 214.8 N/A 1974 234.7 N/A 1975 305.2 N/A 1976 342.2 N/A 1977 376.8 N/A 1978 435.9 529 1979 453.9 846 1980 471.4 890 1981 334.3 857 1982 256.7 320 1983 221.1 553