asked the Secretary of State for Industry if he will publish the information needed to up-date tables 1 and 2 of the article "Estimating Companies' Rate of Return on Capital Employed" of November 1974 Economic Trends; and if he will publish the various measures of profitability in these tables as percentage shares of national income at factor cost.
I have been asked to reply.Table 1 of the article was brought up to date in
Trade and Industry, 24th October 1975, pages 244–247. Information to update table 2 is not available. The table below shows company trading income as a share of the corresponding national aggregate where comparable figures are available.
| NET TRADING INCOME* AT CURRENT REPLACEMENT COSTS AS A PERCENTAGE OF TOTAL DOMESTIC INCOME | ||||
All companies
| Industrial commercial companies
| |||
Before providing for stock appreciation†
| After providing for stock appreciation‡
| Before providing for stock appreciation†
| After providing for stock appreciation‡
| |
| 1955 | 15·8 | 15·2 | — | — |
| 1956 | 14·6 | 13·8 | — | — |
| 1957 | 14·5 | 13·8 | — | — |
| 1958 | 13·3 | 13·4 | — | — |
| 1959 | 14·2 | 13·8 | — | — |
| 1960 | 14·8 | 14·5 | 15·8 | 15·5 |
| 1961 | 13·2 | 12·8 | 14·1 | 13·7 |
| 1962 | 12·2 | 11·9 | 13·1 | 12·7 |
| 1963 | 13·3 | 12·9 | 14·2 | 13·7 |
| 1964 | 13·7 | 12·9 | 14·8 | 14·1 |
| 1965 | 13·1 | 12·4 | 14·2 | 13·5 |
| 1966 | 11·7 | 10·8 | 13·0 | 12·1 |
| 1967 | 11·3 | 10·9 | 12·5 | 12·0 |
| 1968 | 12·0 | 10·8 | 13·2 | 12·0 |
| 1969 | 10·7 | 9·2 | 12·1 | 10·7 |
| 1970 | 10·0 | 8·0 | 11·4 | 9·4 |
| 1971 | 10·0 | 8·3 | 11·2 | 9·5 |
| 1972 | 10·1 | 8·2 | 11·6 | 9·7 |
| 1973 | 11·1 | 7·1 | 12·6 | 8·7 |
| 1974 | 10·1 | 3·4 | 12·3 | 5·8 |
* Gross trading profits plus rent received less capital consumption at current replacement costs. | ||||
| † As a share of total domestic income net of capital consumption at current replacement costs. | ||||
| ‡ As a share of total domestic income net of capital consumption at current replacement costs and stock appreciation. | ||||