§ Lord James Douglas-Hamiltonasked the Secretary of State for Scotland how the internal resources of the South of Scotland electricity board in 1984–85, as set out in table 15:13:2 of the "Commentary on the Scotland Programme, Public Expenditure Paper", will be financed.
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§ Mr. Allan StewartThe board's internal resources represent the net positive cash flow generated by the
Table 15.13.1: Nationalised Industries capital requirements £ million cash Expenditure on Fixed Assets* 1978–79 1979–80 1980–81 1981–82 1982–83 1983–84 1984–85 1985–86 1986–87 North of Scotland Hydro Electric Board 48 44 42 39 47 46 48 60 80 South of Scotland Electricity Board 53 65 132 251 319 419 430 360 280 Scottish Transport Group 17 16 16 15 14 17 20 20 20 * The capital value of leased assets is included.
Table 15.13.2: Financing of requirements of the Nationalised Industries £ million cash Capital requirements Financed by Internal Resources External Finance Fixed assets in the UK* Other Total Current cost operating profit Interest dividends and lax Depreciation etc. Other receipts and payments Total Government grants Net borrowing and leasing Total 1982–83: March 1982 Budget Forecast North of Scotland Hydro Electric Board 54 7 61 71 -62 35 6 50 — 11 11 South of Scotland Electricity Board 421 -117 304 116 -121 91 4 90 — 214 214 Scottish Transport Group 14 — 14 -15 -5 13 — -7 22 -1 21 Outturn North of Scotland Electricity Board 47 14 61 53 -61 62 8 63 — -2 -2 South of Scotland Electricity Board 319 -80 238 72 -114 145 8 111 — 127 127 Scottish Transport Group 14 — 14 — -5 12 — 6 16 -8 8 1983–84: March 1983 Budget Forecast North of Scotland Hydro Electric Board 43 2 45 27 -62 68 4 38 _ 7 7 South of Scotland Electricity Board 432 -99 332 12 -147 180 4 49 — 283 283 Scottish Transport Group 19 — 19 -7 -5 12 — — 20 -1 19 Estimated Outturn North of Scotland Hydro Electric Board 46 8 54 32 -58 69 11 53 _ 1 1 South of Scotland Electricity Board 419 -55 364 52 -130 158 9 90 — 274 274 Scottish Transport Group 17 — 17 -3 -6 12 1 3 13 1 14 1984–85: Forecast North of Scotland Hydro Electric Board 48 6 54 33 -58 73 7 56 — -2 -2 South of Scotland Electricity Board 430 -39 391 106 -156 173 7 130 — 261 261 Scottish Transport Group 20 1 21 -7 -2 14 1 5 16 — 16 * The capital value of leased assets is included.
Table 15.13.3: Net Government lending to Nationalised Industries £ million cash Outturn Plans 1978–79 1979–80 1980–81 1981–82 1982–83 1983–84 1984–85 1985–86 1986–87 North of Scotland Hydro Electric Board 32 14 147 -71 50 6 -2 — — South of Scotland Electricity Board -38 67 -46 213 69 158 267 — — Scottish Transport Group — 2 -2 -2 -2 -10 -1 — — Total -6 83 99 140 117 154 264 280 180