HC Deb 24 May 1984 vol 60 cc454-8W
Mr. Proctor

asked the Secretary of State for Transport 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. Ridley

The information which, for the civil aviation industries, covers years prior to the transfer of responsibilities to my Department is as follows:

British Airports Authority
Income Expenditure* Profit/(Loss)† Subsidies from central Government
£ million £ million £ million £ million
1973–74 48.5 26.3 11.8 —
1974–75 53.8 35.0 8.4 —
1975–76 77.6 50.3 13.2 —
1976–77 103.2 60.6 17.6 —
1977–78 125.1 74.4 24.3 —
1978–79 162.2 108.0 29.4 —
1979–80 191.4 131.5 35.5 —
1980–81‡ 254.0 165.5 36.3 —
1981–82‡ 277.5 181.7 38.6 —
1982–83‡ 283.7 185.5 30.3 —
Source:
BAA annual reports and accounts 1973–74 to 1982–83
* Expenditure before depreciation on fixed assets
† Profit after interest but before taxation
‡ From 1980–81, BAA have produced main accounts in current cost form. The figures for this and subsequent years are not therefore directly comparable with the historic cost figures for proceeding years.

British Airways Board
Income Expenditure Profit/(Loss)* Subsidies from† central Government
£ million £ million £ million £ million
1973–74 646.9 592.9 16.6 11.3
1974–75 748.1 747.3 (8.4) 80.0
1975–76 916.1 912.1 (16.3) 63.7
1976–77 1,247.9 1,152.9 24.1 10.0
1977–78 1,355.3 1,301.7 32.5 10.0
1978–79 1,640.3 1,549.2 62.3 10.0
1979–80 1,919.6 1,890.6 3.5 10.0
1980–81 2,060.6 2,155.7 (145.1) 10.0
‡(160.0)
1981–82 2,241.3 2,228.2 (544.8) 10.0
1982–83 2,496.5 2,306.8 77.2 —
Source:
* After interest, taxation and extraordinary items
† Public dividend capital
‡ Reduction of £160 million pursuant to section 1 of the Civil Aviation Act 1980, reflecting the write-down of BA's Concorde assets.

British Transport Docks Board
Income* Expenditure Profit/(Loss)† Subsidies from central Government
£ million £ million £ million £ million
1974 63.2 47.4 0.7 ‡0.2
1975 77.0 60.2 0.8 —
1976 97.9 67.9 ║6.2 —
1977 108.8 76.3 7.3 —
1978 117.7 84.6 6.9 —
1979 131.2 100.5 6.8 —
1980 136.9 114.9 8.0 —
1981 128.3 118.8 (8.8) —
1982¶ 151.6 129.1 5.8 —
Sources: BTDB annual reports and accounts 1974 to 1981.
ABP annual report and accounts 1982.
* Gross revenue.
† After charging additional depreciation, deferred taxation and extraordinary items.
‡ Port modernisation grant.
║ After extraordinary gain.
¶ The British Transport Docks Board was reconstituted as Associated British Ports on 31 December 1982.

Civil Aviation Authority
Income* Expenditure† Profit/(Loss) Subsidies from‡ central Government
£ million £ million £ million £ million
1973–74 22.5 53.7 (31.1) 33.0
1974–75 30.4 73.4 (43.1) 34.5
1975–76 44.5 97.8 (53.3) 60.5
1976–77 65.3 109.3 (44.0) 44.5
1977–78 90.3 105.8 ║(15.6) 16.6
1978–79 103.8 118.7 (14.9) 13.0
1979–80 119.6 148.2 (28.6) 24.4
1980–81 ¶151.6 178.3 (26.6) 33.2
1981–82 ¶206.2 214.3 (8.0) ●5.9
1982–83 ¶239.4 ■226.1 13.3 0.3
Source: CAA Annual Reports and Accounts 1973–74 to 1982–83.
* Gross income from all sources excluding grant-in-aid.
† Operating expenditure plus interest, profits/losses on sales of fixed assets and additional payments to pension fund.
‡ Grant-in-aid.
║ After 31 March 1977, losses were incurred only on the operation of the Highlands and Islands aerodromes, which are subsidised for social reasons, and on en-route navigation services. The costs of the latter were, by international agreement, not recovered in full before 1 January 1982.
¶ Includes subsidy on the non-oil-related activities of the Highlands and Islands aerodromes. The Scottish Development Department assumed responsibility for the subsidy from 1980–81.

●Contribution towards the write-down of oil-related assets at Sumburgh.

■ Includes provision for exchange equalisation.

National Bus Company
Year Income* Expenditure Profit/(Loss)† Subsidies from ‡ central Government
£ million £ million £ million £ million
1974 226.8 238.3 (12.3) 20.1
1975 300.6 313.5 (19.0) 22.8
1976 358.4 345.1 5.8 ║31.2
1977 391.7 373.4 10.1 37.7
1978 437.4 411.7 17.7 42.5
1979 497.5 481.3 6.2 ║47.8
1980 581.9 586.2 (11.5) ║¶52.7
1981 618.4 596.7 5.5 ¶45.8
1982 665.2 639.8 16.5 ¶42.2
Source: NBC annual reports and accounts 1974 to 1982. 1983 Accounts not yet published.
* Turnover, including revenue support grants and concessionary fares payments from English and Welsh local authorities.
† Consolidated historic cost profit/loss after grant income interest and tax.
‡ Fuel duty rebate and new bus grant—available to all bus operators, both public and private, operating eligible local stage carriage services.
║ Includes infrastructure grants paid under section 56 of the Transport Act 1968. Available to any undertaking to assist improvement of public passenger transport facilities.
¶ New bus grant phased out from 1 September 1980, and ended on 31 March 1984.

National Freight Corporation
Year Income* Expenditure† Profit/(Loss)‡ Subsidies from central Government
£ million £ million £ million £ million
1974 277.5 277.0 (12.3) —
1975 304.0 310.5 (30.9) —
1976 338.0 334.1 (15.3) ║22.0
1977 387.0 373.1 (9.5) ¶30.0
1978 406.7 386.6 0.3 ●75.8
1979 432.1 411.9 2.0 ■6.0
1980⋆ 342.0 331.9 #(7.6) ■3.0
Source: NFC annual reports and accounts 1974 to 1980.
* Gross receipts.
† Working expenses.
‡ Profit/loss after interest and extraordinary items but before grant.
║ Specific grant voted by Parliament to enable NFC to meet its financial obligations.
¶ Grant made under section 2 of the Transport (Financial Provisions) Act 1977.
● Total of financial reconstruction following Transport Act 1978—including capital write-off and cash-flow deficit grant.
■ Capital grants made under Transport Act 1978.
⋆ Accounts covering the period up to 30 September 1980. On 1 October 1981 the business was transferred to the National Freight Company Limited under the terms of the Transport Act 1980.
# Profit after interest but before extraordinary items.

British Railways Board
Year Income* Expenditure† Profit/(Loss)‡ Subsidies from central Government
£ million £ million £ million £ million
1974║ 760.6 1,012.4 (157.8) ¶321.1
1975 944.4 1,324.3 (60.8) ● ■399.4
1976 1,114.5 1,442.9 (29.9) ■329.2
1977 1,306.9 1,624.3 29.7 ■374.0
1978 1,537.0 ⋆1,933.5 6.5 #444.9
1979 1,773.1 2,257.5 1.4 535.4
1980 2,002.1 2,693.6 (76.9) 648.8
1981 2,088.5 2,944.1 (39.7) 827.6
1982 1,929.3 2,936.2 (175.0) 904.7
1983 2,255.4 3,133.6 11.3 953.8
Source: BRB annual reports and accounts 1974 to 1983.
* Gross income excluding grants.
† Excludes interest and corporate expenses.
‡ Consolidated profit/loss after interest but before extraordinary items.
║ Because of changes in the subsidy regime and accounting methods in 1975, 1974 figures are not directly comparable with previous years.
¶ Includes grant for unrenumerative passenger services and capital and current deficit grants.
● From 1975 onwards includes passenger service obligation grant, revenue support payments from local authorities and level crossings grant.
■ Includes freight deficit grant.
⋆ From 1978, additional depreciation charged to operating expenditure.
# From 1978, subsidies include special replacement allowance.