Water Authorities (Finance) (Hansard, 27 May 1988)

§ Mr. Pike
To ask the Secretary of State for the Environment if he will list the sums of free reserves available currently to each water authority over and above the estimated costs of fulfilling the recommendations of the Select Committee on Environment as stated in its report on river and estuary pollution; and if he will make a statement.

§ Mr. Moynihan
In the water authorities' accounts, the amounts shown in the balance sheet as "reserves" represent retained profit which has already been deployed to finance investment and do not therefore represent funds which are free to finance investment in later years. Details of the funding of the investment of each water authority are shown in the source and application of funds statement

Loans outstanding

Water authority loans outstanding time series [Outturn prices]

£ million cash

As at 31 March 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987

Loans outstanding

Northumbrian 89 100 134 168 202 239 259 305 353 389 397 407 424 431

North West 234 359 399 450 486 522 566 652 691 730 811 851 920 985

Severn Trent 370 410 459 512 501 545 568 619 675 737 748 787 840 851

Yorkshire 180 196 235 270 285 314 347 381 415 442 469 507 537 553

Anglian 343 383 447 494 516 553 572 610 681 722 792 843 885 916

Thames 367 383 433 472 459 443 409 424 449 432 423 394 315 242

Southern 146 155 159 186 196 216 241 272 284 290 312 321 328 321

Wessex 105 115 127 146 151 157 167 173 180 196 213 226 250 265

South West 74 83 98 111 115 117 120 125 128 130 133 140 143 141

England Total 1,908 2,184 2,491 2,809 2,911 3,106 3,249 3,561 3,856 4,068 4,298 4,476 4,642 4,705

Water authority loans outstanding time series¹ [1987 prices]

memo: Index in use: 102.6 124.3 150.6 175.8 191.8 210.6 252.2 284.0 313.4 327.9 345.1 366.1 381.6 396.9

As at 31st March 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987

Northumbrian 344 319 353 379 418 450 408 426 447 471 457 441 441 431

North West 905 1,146 1,052 1,016 1,006 984 891 911 875 884 933 923 957 985

Severn Trent 1,431 1,309 1,210 1,156 1,037 1,027 894 865 855 892 860 853 874 851

Yorkshire 696 626 619 610 590 592 546 532 526 535 539 550 559 553

Anglian 1,327 1,223 1,178 1,115 1,068 1,042 900 852 862 874 911 914 920 916

Thames 1,420 1,223 1,141 1,066 950 835 644 593 569 523 486 427 328 242

Southern 565 495 419 420 406 407 379 380 360 351 359 348 341 321

Wessex 406 367 335 330 312 296 263 242 228 237 245 245 260 265

South West 286 265 258 251 238 221 189 175 162 157 153 152 149 141

England total 7,381 6,974 6,565 6,342 6,024 5,854 5,113 4,977 4,883 4,924 4,943 4,853 4,828 4,705

¹ Repriced figures adjusted for inflation.

Notes:
Master time series constant prices.
Repricing to = 396.9 = 1987prices.
Index in use = RPI.

§ Mr. Pike
To ask the Secretary of State for the Environment if he will list for each financial year for each water authority since its inception the capital investment for each both(a) in real terms measured against the retail prices index and (b) as a cash sum; and if he will make a statement.

Water authority capital investment time series

(1986–87 Prices DOE services only)

Repricing to: =114.8 = 1986–87 prices Repriced figures adjusted for inflation

Memo: 42.6 51.5 55.0 58.5 66.4 83.4 103.7 104.6 102.9 102.5 105.1 111.0 114.8

Index in use:

Year 1974–75 1975–76 1976–77 1977–78 1978–79 1979–80 1980–81 1981–82 1982–83 1983–84 1984–85 1985–86 1986–87

Northumbrian 65.5 99.7 123.4 119.7 112.5 84.0 65.4 41.4 42.1 35.8 29.4 40.4 36.7

North West 148.3 129.3 147.4 131.9 116.3 115.9 102.4 97.1 120.8 147.9 160.3 169.3 185.0

Severn Trent 196.0 156.8 148.9 140.5 132.1 104.4 109.2 106.4 155.7 128.5 116.6 124.2 150.0

Yorkshire 96.8 106.1 97.3 95.8 93.7 77.7 84.5 81.0 79.5 86.6 101.8 96.8 123.9

352W
in their accounts which are laid before Parliament annually. My right hon. Friend expects to respond to the Select Committee's report shortly. This will take account of the financial implications of its recommendations.

§ Mr. Pike
To ask the Secretary of State for the Environment if he will list for each financial year for each water authority since their inception the amount owed to creditors at the end of each financial year(a) in real terms, measured against the retail price index and (b) as a cash sum; and if he will make a statement.

§ Mr. Moynihan
The information is shown in the tables below. The amounts of loan outstanding at the end of each accounting period is based upon water authorities' annual accounts and may also be found in the Water Authorities Association annual publication, "Waterfacts".

§ Mr. Moynihan
The information requested is shown in the tables. Capital expenditure figures are drawn from water authority annual accounts. Real terms capital investment has been calculated with reference to the public works non-road index. This is an index specifically applied to water industry capital investment and as such is accepted as a more meaningful deflator of capital expenditure than the RPI.
353W

Memo: 42.6 51.5 55.0 58.5 66.4 83.4 103.7 104.6 102.9 102.5 105.1 111.0 114.8

Index in use:

Year 1974–75 1975–76 1976–77 1977–78 1978–79 1979–80 1980–81 1981–82 1982–83 1983–84 1984–85 1985–86 1986–87

Anglian 185.5 177.3 145.5 110.9 103.2 85.1 88.7 102.8 100.8 126.7 101.6 113.5 128.0

Thames 143.7 157.2 156.8 121.5 105.8 97.2 87.1 87.7 105.6 125.8 111.0 114.7 130.6

Southern 66.9 71.6 72.2 60.4 62.2 63.3 52.2 55.0 55.9 65.3 62.1 65.4 67.0

Wessex 50.1 52.6 46.1 40.2 41.5 34.0 27.4 32.5 35.5 44.8 40.1 51.8 60.6

South West 47.2 39.5 38.0 35.5 28.9 25.5 23.3 23.3 28.3 33.1 42.8 39.6 39.6

England Total (DOE Services only) 999.9 990.0 975.6 856.4 796.2 687.1 640.3 626.9 724.2 794.6 768.6 815.9 921.4

Note: Constant price figures for investment have been derived by using the Public Works Non Roads (PWNR) deflator.

Water authority capital investment time series

(Outturn prices DOE services only)

£ million cash

Year 1974–75 1975–76 1976–77 1977–78 1978–79 1979–80 1980–81 1981–82 1982–83 1983–84 1984–85 1985–86 1986–87

Capital expenditure

Northumbrian 24.3 44.7 59.1 61.0 65.1 61.0 59.1 37.7 37.7 32.0 26.9 39.1 36.7

North West 55.0 58.0 70.6 67.2 67.3 84.2 92.5 88.5 108.3 132.1 146.7 163.7 185.0

Severn Trent 72.7 70.3 71.3 71.6 76.4 75.8 98.7 97.0 139.6 114.8 106.7 120.1 150.0

Yorkshire 35.9 47.6 46.6 48.8 54.2 56.4 76.4 73.8 71.3 77.4 93.2 93.6 123.9

Anglian 68.8 79.5 69.7 56.5 59.7 61.8 80.2 93.7 90.4 113.2 93.0 109.7 128.0

Thames 53.3 70.5 75.1 61.9 61.2 70.6 78.7 79.9 94.7 112.4 104.3 110.9 130.6

Southern 24.8 32.1 34.6 30.8 36.0 46.0 47.2 50.1 50.1 58.3 56.8 63.2 67.0

Wessex 18.6 23.6 22.1 20.5 24.0 24.7 24.8 29.6 31.8 40.0 36.7 50.1 60.6

South West 17.5 17.7 18.2 18.1 16.7 18.5 21.1 21.2 25.4 29.6 39.2 38.3 39.6

England Total¹ 370.9 444.0 467.3 436.4 460.6 499.0 578.7 571.5 649.3 709.8 703.5 788.7 921.4

¹DOE services only.

Loans outstanding
Water authority loans outstanding time series [Outturn prices]
£ million cash
As at 31 March	1974	1975	1976	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987
Loans outstanding
Northumbrian	89	100	134	168	202	239	259	305	353	389	397	407	424	431
North West	234	359	399	450	486	522	566	652	691	730	811	851	920	985
Severn Trent	370	410	459	512	501	545	568	619	675	737	748	787	840	851
Yorkshire	180	196	235	270	285	314	347	381	415	442	469	507	537	553
Anglian	343	383	447	494	516	553	572	610	681	722	792	843	885	916
Thames	367	383	433	472	459	443	409	424	449	432	423	394	315	242
Southern	146	155	159	186	196	216	241	272	284	290	312	321	328	321
Wessex	105	115	127	146	151	157	167	173	180	196	213	226	250	265
South West	74	83	98	111	115	117	120	125	128	130	133	140	143	141
England Total	1,908	2,184	2,491	2,809	2,911	3,106	3,249	3,561	3,856	4,068	4,298	4,476	4,642	4,705

Water authority loans outstanding time series¹ [1987 prices]
memo: Index in use:	102.6	124.3	150.6	175.8	191.8	210.6	252.2	284.0	313.4	327.9	345.1	366.1	381.6	396.9
As at 31st March	1974	1975	1976	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987
Northumbrian	344	319	353	379	418	450	408	426	447	471	457	441	441	431
North West	905	1,146	1,052	1,016	1,006	984	891	911	875	884	933	923	957	985
Severn Trent	1,431	1,309	1,210	1,156	1,037	1,027	894	865	855	892	860	853	874	851
Yorkshire	696	626	619	610	590	592	546	532	526	535	539	550	559	553
Anglian	1,327	1,223	1,178	1,115	1,068	1,042	900	852	862	874	911	914	920	916
Thames	1,420	1,223	1,141	1,066	950	835	644	593	569	523	486	427	328	242
Southern	565	495	419	420	406	407	379	380	360	351	359	348	341	321
Wessex	406	367	335	330	312	296	263	242	228	237	245	245	260	265
South West	286	265	258	251	238	221	189	175	162	157	153	152	149	141
England total	7,381	6,974	6,565	6,342	6,024	5,854	5,113	4,977	4,883	4,924	4,943	4,853	4,828	4,705
¹ Repriced figures adjusted for inflation.

Water authority capital investment time series
(1986–87 Prices DOE services only)
Repricing to: =114.8 = 1986–87 prices	Repriced figures adjusted for inflation
Memo:	42.6	51.5	55.0	58.5	66.4	83.4	103.7	104.6	102.9	102.5	105.1	111.0	114.8
Index in use:
Year	1974–75	1975–76	1976–77	1977–78	1978–79	1979–80	1980–81	1981–82	1982–83	1983–84	1984–85	1985–86	1986–87
Northumbrian	65.5	99.7	123.4	119.7	112.5	84.0	65.4	41.4	42.1	35.8	29.4	40.4	36.7
North West	148.3	129.3	147.4	131.9	116.3	115.9	102.4	97.1	120.8	147.9	160.3	169.3	185.0
Severn Trent	196.0	156.8	148.9	140.5	132.1	104.4	109.2	106.4	155.7	128.5	116.6	124.2	150.0
Yorkshire	96.8	106.1	97.3	95.8	93.7	77.7	84.5	81.0	79.5	86.6	101.8	96.8	123.9

Water authority capital investment time series
(Outturn prices DOE services only)
£ million cash
Year	1974–75	1975–76	1976–77	1977–78	1978–79	1979–80	1980–81	1981–82	1982–83	1983–84	1984–85	1985–86	1986–87
Capital expenditure
Northumbrian	24.3	44.7	59.1	61.0	65.1	61.0	59.1	37.7	37.7	32.0	26.9	39.1	36.7
North West	55.0	58.0	70.6	67.2	67.3	84.2	92.5	88.5	108.3	132.1	146.7	163.7	185.0
Severn Trent	72.7	70.3	71.3	71.6	76.4	75.8	98.7	97.0	139.6	114.8	106.7	120.1	150.0
Yorkshire	35.9	47.6	46.6	48.8	54.2	56.4	76.4	73.8	71.3	77.4	93.2	93.6	123.9
Anglian	68.8	79.5	69.7	56.5	59.7	61.8	80.2	93.7	90.4	113.2	93.0	109.7	128.0
Thames	53.3	70.5	75.1	61.9	61.2	70.6	78.7	79.9	94.7	112.4	104.3	110.9	130.6
Southern	24.8	32.1	34.6	30.8	36.0	46.0	47.2	50.1	50.1	58.3	56.8	63.2	67.0
Wessex	18.6	23.6	22.1	20.5	24.0	24.7	24.8	29.6	31.8	40.0	36.7	50.1	60.6
South West	17.5	17.7	18.2	18.1	16.7	18.5	21.1	21.2	25.4	29.6	39.2	38.3	39.6
England Total¹	370.9	444.0	467.3	436.4	460.6	499.0	578.7	571.5	649.3	709.8	703.5	788.7	921.4
¹DOE services only.