HC Deb 23 February 1987 vol 111 cc62-3W
Mr. Gordon Brown

asked the Chancellor of the Exchequer if he will publish in the Official Report a table updating the reply of 20 November 1984, columns 97–98, on the financial performance of Government trading funds.

Mr. John MacGregor

[pursuant to his reply, 17 February 1986, c. 544–45]: The information requested is given in the table on an historic cost and a current cost basis for each Government trading fund.

(a) (b) (c) (d)
HC results CC results Financial target Over/(under) achievement Break-even performance required
1£ million 1£ millionw Per cent, return on net assets Per cent. 2HC per cent. 2CC per cent.
Royal Ordnance Factories3
1984–85 (16.2) (31.3) 5.0 (12.9) 0.0 0.0
Royal Mint
1984–85 5.7 4.7 12.0 (0.8) 0.6 0.5
1985–86 3.8 2.8 12.0 (6.5) 0.3 0.2
The Crown Suppliers
1983–84 8.3 6.2 5.0 11.4 3.6 3.5
1984–85 (0.6) (2.1) 5.0 (4.4) 4.5 4.5
1985–86 2.6 1.4 5.0 1.2 3.9 3.9
HM Stationery Office
1984–85 4.9 0.2 5.0 7.0 11.8 11.7
1985–86 3.7 1.6 5.0 7.5 10.5 10.4
1 Columns (a) and (b) give the surplus/(deficit) for the year after interest payable on long-term loans and extraordinary items.
2 The entries under column (d) give the return required on net assets employed to meet the interest payable on long-term loans.
3 For period 1 April 1984 to 1 January 1985. The Royal Ordnance factories were vested in Royal Ordnance pic on 2 January 1985.