HC Deb 26 April 1990 vol 171 c275W
Mr. Austin Mitchell

To ask the Secretary of State for Energy whether he will seek powers to require electricity companies to publish cash flow statements as part of their annual corporate reports.

Mr. Baldry

Electricity companies will be required to publish statements of source and application funds under statement of standard accounting practice 10.

Mr. Austin Mitchell

To ask the Secretary of State for Energy what information the electricity privatisation prospectus will contain about whether investors will be entitled to receive a set of accounts automatically.

Mr. Baldry

Under section 238 of the Companies Act 1985 all public limited companies must provide members with a set of accounts. The prospectuses of the electricity industry companies therefore will not need to refer to this matter.