asked the Chancellor of the Exchequer if he will publish in the Official Report a table updating the reply of 20 November 1984, columns 97–98, on the financial performance of Government trading funds.
[pursuant to his reply, 17 February 1986, c. 544–45]: The information requested is given in the table on an historic cost and a current cost basis for each Government trading fund.
(a)
| (b)
| (c)
| (d)
| |||
HC results
| CC results
| Financial target
| Over/(under) achievement
| Break-even performance required
| ||
1 £ million
| 1 £ millionw
| Per cent, return on net assets
| Per cent.
|
2HC per cent.
|
2CC per cent.
| |
Royal Ordnance Factories3
| ||||||
| 1984–85 | (16·2) | (31·3) | 5·0 | (12·9) | 0·0 | 0·0 |
Royal Mint
| ||||||
| 1984–85 | 5·7 | 4·7 | 12·0 | (0·8) | 0·6 | 0·5 |
| 1985–86 | 3·8 | 2·8 | 12·0 | (6·5) | 0·3 | 0·2 |
The Crown Suppliers
| ||||||
| 1983–84 | 8·3 | 6·2 | 5·0 | 11·4 | 3·6 | 3·5 |
| 1984–85 | (0·6) | (2·1) | 5·0 | (4·4) | 4·5 | 4·5 |
| 1985–86 | 2·6 | 1·4 | 5·0 | 1·2 | 3·9 | 3·9 |
HM Stationery Office
| ||||||
| 1984–85 | 4·9 | 0·2 | 5·0 | 7·0 | 11·8 | 11·7 |
| 1985–86 | 3·7 | 1·6 | 5·0 | 7·5 | 10·5 | 10·4 |
1 Columns (a) and (b) give the surplus/(deficit) for the year after interest payable on long-term loans and extraordinary items. | ||||||
2 The entries under column (d) give the return required on net assets employed to meet the interest payable on long-term loans. | ||||||
3 For period 1 April 1984 to 1 January 1985. The Royal Ordnance factories were vested in Royal Ordnance pic on 2 January 1985. | ||||||