§ Mr. ElletsonTo ask the President of the Board of Trade what financial target and capital expenditure limits have been set for the United Kingdom Atomic Energy Authority for 1994–95.
§ Mr. EggarThe UKAEA's financial target for 1994–95 has been set as a 6.7 per cent. return on average capital employed, calculated according to the historic cost convention as modified. The target is based on profit earned on ordinary activities before long-term interest payable and the costs and proceeds of the sale of the UKAEA's facilities services division. I have also approved the UKAEA's capital expenditure programme for the year at £14 million.