§ Mr. Austin Mitchellasked the Chanceller of the Exchequer whether he will publish in the Official Report a table showing for table 14.3 of the "Annual Abstract of Statistics 1987" the division between oil companies, financial companies, and so on and industrial and commercial companies.
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§ Mr. MacGregor[pursuant to his reply, 13 March 1987, c. 318]:Separate figures for oil companies are not
Table 1:Corporate sector appropriation account1:financial £millon 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 Income: Income arising in the United Kingdom: Gross trading profits of companies and trading surplus of public corporations[...]:After deducting stock appreciation -1,379 -1,790 -1,805 -2,235 -2,469 -3,644 -5,151 -5,003 -5,491 -6,650 -8,638 Stock appreciation — — — — — — — — — — — Total2 -1,379 -1,790 -1,805 -2,235 -2,469 -3,644 -5,151 -5,003 -5,491 -6,650 -8,638 Rent and non-trading income3 7,670 9,256 9,910 10,659 15,376 20,995 21,892 23,245 23,387 27,212 36,602 Total 6,291 7,466 8,105 8,424 12,907 17,351 16,741 18,242 17,896 20,562 27,964 Income form abroad4 721 1,079 1,053 1,486 1,383 2,045 3,143 3,661 4,549 5,547 6,635 Total income 7,003 8,545 9,158 9,910 14,290 19,396 19,884 21,903 22,445 26,109 34,599 Allocation of income Dividends and interest payments3 5,125 5,808 5,892 6,373 9,710 14,712 14,978 16,683 15,909 18,294 24,341 Current transfers to charities from companies 5 5 5 6 10 13 16 17 18 22 26 Profits due abroad, net of United Kingdom tax 180 240 268 249 281 345 513 683 625 728 996 United Kingdom taxes on incomes 649 807 746 823 758 813 813 999 1,207 1,273 1,256 Royalties and license fees on oil and gas production — — — — — — — — — — — Balance: undistributed income after taxation5 1,044 1,685 2,247 2,459 3,531 3,513 3,546 3,521 4,686 5,792 7,980 Total 7,003 8,545 9,158 9,910 14,290 19,396 19,884 21,903 22,445 26,109 34,599
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Table 2: Corporate sector appropriation account1:industrial and commmercial £million 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 Income Income arising in the United Kingdom. Gross trading profits of companies and trading surplus of pubic corporations: After deducting stock appreciation 11,495 15,127 22,445 26,389 29,375 32,634 36,898 42,880 50,640 58,320 66,149 Stock appreciation 4,910 5,985 4,512 3,781 8,070 5,931 5,434 3,982 4,512 5,065 2,572 Total2 16,405 21,112 265,957 30,170 37,445 38,565 42,332 46,862 55,152 63,385 68,721 Rent and non-trading income3 1,626 2,133 2,218 2,559 3,283 3,923 4,339 4,655 4,826 5,395 6,351 Total 18,031 23,245 29,175 32,729 40,728 42,488 46,671 51,517 59,978 68,780 75,072 Income from abroad4 1,881 2,712 2,634 3,050 5,735 5,057 5,498 5,199 6,517 8,759 9,028 Total income 19,912 25,957 31,809 35,779 46,463 47,545 52,169 56,716 66,495 77,539 84,100 Allocation of income Dividends and interest payments3 6,281 7,445 7,805 8,304 11,789 13,997 14,115 15,498 15,908 17,776 22,217 Current transfers to charities from companies 37 37 38 39 41 39 46 52 68 83 93 Profits due abet ad. net of United Kingdom tax 422 724 1,129 1,980 3,711 4,424 4,182 4,041 4,743 5,719 6,625 United Kingdom taxes on income 1,750 1,507 2,516 3,275 4,305 5,851 7,832 9,578 10,909 12,876 15,417 Royalties and license fees on oil and gas production 23 76 234 286 531 1,156 1,362 1,600 1,886 2,447 2,366 Balance: undistributed income after taxation5 11,399 16,168 19,487 21,895 26,086 27,078 24,632 25,947 32,981 38,638 37,382 Total 19,912 25,957 31,809 35,779 46,463 47,545 52,169 56,716 66,495 77,539 84,100 1 Includes flows between the companies' sector and pubic corporations but excludes flows within the companies' sector. 2 Before providing for depreciation and stock appreciation. 3 Financial sector figures include payments to and receipts from industrial and commercial sector. Industrial and commercial sector figures include repayments to and receipts from Earancial sector. 4 After deducting depreciation allowances bet before providing for stock appreciation. 5 Before providing for depreciation, stock appreciation and additions to tax and dividend reserves. 6 This represents the contribution of financial enterprises in the corporate sector to the gross domestic product. It is the difference between bank charges, commissions. etc., on the once hand and management expenses on the other. available A subdivision of the corporate sector between financial and industrial and commercial (including oil) is given in the tables.