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Nationalised Industries

Volume 979: debated on Wednesday 20 February 1980

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Secretary of State for Industry if he will publish the surplus deficit of each nationalised industry in each of the past two years; what was the interest paid by each in each year; and what was the final surplus or deficit.

NATIONALISED INDUSTRIES Revenue Account Surpluses (Deficits)*

£ million

Before Interest

Interest

After Interest

1977·78

1978·79

1977·78

1978·79

1977·78

1978·79

National Coal Board107·9118·687·0138·020·9(19·4)
Electricity Council and Boards570·7675·2437·9423·8132·8251·4
North of Scotland Hydro-Electric Board42·248·140·446·01·82·1
South of Scotland Electricity Board72·569·566·960·05·69·5
British Gas Corporation237·3254·2133·481·9103·9172·3
British Steel Corporation(246·0)(101·7)197·4207·7(443·4)(309·4)
Post Office720·3827·3352·6452·2367·7375·1
British Airways Board52·891·515·914·236·977·3
British Airports Authority18·216·32·80·715·415·6
British Shipbuilders(89·5)(57·6)3·96·6(93·4)(64·2)

1977

1978

1977

1978

1977

1978

British Railways Board70·055·543·049·127·06·4
British Transport Docks Board14·113·56·86·57·37·0
British Waterways Board (11·0)(12·6)0·91·1(11·9)(13·7)
National Freight Corporation2·810·912·310·6(9·5)0·3
National Bus Company21·630·712·013·09·617·7
Scottish Transport Group1·81·50·80·81·00·7
British National Oil Corporation4·75·76·68·7(1·9)(3·0)
British Aerospace35·936·06·57·529·428·5
* After depreciation and grants for specific purposes and, where applicable, extraordinary items, minority interests and taxation. Before, where applicable, special grants to meet deficits on revenue account and dividend on public dividend capital.