§ Mr. Proctorasked the Secretary of State for Scotland if he will set out in the Official Report the income and expenditure of each public sector industry for which his Department has been responsible in each of the last 10 years; and if he will indicate the loss or surplus and his Department's level of subsidy in each case.
§ Mr. Younger[pursuant to his reply, 24 May 1984, c. 524]I have now written to my hon. Friend with the information required and the text of my letter is as follows
519WThank you for your letter of 6 June 1984 regarding the public sector industries within my responsibility.In my reply dated 24 May 1984 (published in the Official Report) to your Parliamentary Question No. 139 I followed the normal practice and referred you to the annual reports and accounts of the industries concerned, i.e. the South of Scotland Electricity Board, the North of Scotland Hydro-Electric Board and the Scottish Transport Group. Where such information is already available in published form in the Library, it seems to me acceptable to draw it to a Member's attention instead of reproducing it at additional public expense in the Official Report.I have now however arranged for compilation of appropriate summaries, and they are attached. I am arranging to have this letter published in the Official Report as a pursuant reply.
Scottish Transport Group £ million *Income †Expenditure ‡Profit/ (Loss) ║Subsidy from Scottish office 1974 52.1 54.7 (7.4) 0.7 1975 75.5 76.7 (3.3) 3.2 1976 89.2 87.8 (0.9) 3.5 1977 94.0 92.3 1.0 3.4 1978 102.2 100.4 0.7 3.6 1979 117.5 116.4 (0.4) 3.7 1980 142.9 136.3 3.5 5.1 1981 151.9 143.1 3.0 5.8 1982 159.8 149.1 4.1 6.1 1983 167.5 156.6 7.5 6.7 Source: STG Annual Report and Accounts 1974–83.
* Gross revenue from all activities including revenue grants.
† Including depreciation.
‡Consolidated profit/(loss) after grant, interest and tax.
║Revenue grant for shipping services. Bus operations are also in receipt of new bus grant and fuel duty rebate from DTp.
North of Scotland Hydro-Electric Board £ million Income *Expenditure †Profitl (Loss) Subsidies from central government 1973–74 58.9 54.5 (2.7) ‡5.7 1974–75 84.6 79.5 (2.3) ║2.8 1975–76 106.1 97.8 0.1 ¶2.5 1976–77 127.3 112.8 5.9 •57.0 1977–78 146.3 132.1 1.8 •13.2 1978–79 172.7 152.1 2.1 •6.6 1979–80 203.0 180.8 2.5 •10.9 1980–81 243.0 210.8 11.2 •15.9 1981–82 270.5 221.9 13.2 ▮(4.2) 1982–83 266.6 211.3 18.4 — Source: NSHEB Annual Report and Accounts 1973–74 to 1982–83.
* Expenditure before depreciation on fixed assets.
† Profit/(Loss) after interest. From 1977–78 supplementary depreciation has been charged. The figures for this and subsequent years are therefore not directly comparable with those for preceding years.
‡Compensation for the consequences of price restraint £5.6 million. Compensation for accelerating capital expenditure £0.1 million.
║ Compensation for the consequences of price restraint £2.7 million. Compensation for accelerating capital expenditure £0.1 million.
¶ Compensation for the consequences of price restraint £2.4 million. Compensation for accelerating capital expenditure £0.1 million.
• Payments towards losses under the 1968 contract for the supply of electricity to the British Aluminum Company at Invergordon.
▮ Net adjustment resulting from termination on 30 December 1981 of the 1968 contract between the Board and the British Aluminium Company.
South of Scotland Electricity Board £ million Income *Expenditure †Profit/(Loss) Subsidies from central government 1973–74 167.8 150.0 (10.1) ‡5.6 1974–75 221.4 212.3 (20.4) ║11.6 1975–76 291.1 256.7 2.7 ¶121.4 1976–77 354.6 295.6 22.3 — 1977–78 405.6 340.9 5.6 — 1978–79 462.0 390.5 9.5 — 1979–80 517.3 455.0 0.1 — 1980–81 625.4 538.5 16.5 — 1981–82 716.5 619.5 17.2 — 1982–83 754.9 638.5 20.4 — Source: SSEB Annual Report and Accounts 1973–74–1982–83.
* Expenditure before depreciation on fixed assets and notional interest.
† Profit/(Loss) after interest. From 1977–78 additional depreciation 520W has been charged and from 1980–81 notional interest on long term revenue provisions has also been charged. Figures for all year3 are therefore not directly comparable.
‡ Compensation for the consequences of price restraint £4.7 million. Compensation for accelerating capital expenditure £0.1 million. Assistance for stockpiling of essential materials £0.8 million.
║ Compensation for the consequences of price restraint £10.1 million. Compensation for accelerating capital expenditure £1.4 million. Assistance for stockpiling of essential materials £0.1 million.
¶ Compensation for the consequences of price restraint £21.2 million. Compensation for accelerating capital expenditure £0.2 million.