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Mr. Page
To ask the Secretary of State for Transport if he will give in respect of each privatisation since 1979 (a) the loss or profit of each company in the five years prior to privatisation and (b) any grants or loans made over the same period.
| (a) Profit performance (pre-tax profit (loss)—Historic cost convention) | |||||||||
| £ million | |||||||||
| Company (Year privatised) | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 |
| NFC (1982) | n/a | n/a | 4·3 | — | — | — | — | — | — |
| ABP (1983) | 22·4 | 11·5 | (10.3) | 5·5 | — | — | — | — | — |
| NBC1 | — | — | 5·0 | 19·0 | 27 | 25 | 18 | — | — |
| British Airways (1987) | — | — | — | (108·0) | 74 | 185 | 191 | 195 | — |
| BAA2 (1987) | — | — | — | — | 30 | 48 | 72 | 84 | 90 |
| 1 The National Bus Company was broken up and sold as 72 separate companies between 1986 and 1988. Figures are not available for each individual company. The figures given are the operating profit of the NBC group, before taxation and extraordinary items, and after receipt of operating subsidiaries. | |||||||||
| 2 Last full year in public sector. | |||||||||
| (b) Grants and loans The figures given below are the industries' external financing outturns; these are net figures which include government approved borrowing and grants. The grant element is indicated where applicable. | |||||||||||
| £ million | |||||||||||
| 1977–8 | 1978–79 | 1979–80 | 1980–81 | 1981–82 | 1982–83 | 1983–84 | 1984–85 | 1985–86 | 1986–87 | 1987–88 | |
| NFC EFL | 37 | 29 | 28 | 10 | 7 | — | — | — | — | — | — |
| [Grant | 29 | 13 | 11 | 5 | 2] | — | — | — | — | — | —] |
| ABP EFL | — | -13 | -7 | 1 | 13 | -12 | — | — | — | — | — |
| [Grant | — | — | — | — | — | —] | — | — | — | — | —] |
| NBC EFL | — | — | — | — | 74 | 56 | 58 | 49 | 41 | 19 | 118 |
| [Grant | — | — | — | — | 64 | 69 | 66 | 64 | 66 | — | —] |
| BA EFL | — | — | — | — | 149 | -35 | -174 | -335 | -211 | -113 | — |
| [Grant | — | — | — | — | — | — | — | — | — | —] | —] |
| BAA EFL | — | — | — | — | 2 | 2 | 18 | 10 | -21 | 17 | -9 |
| [Grant | — | — | — | — | 1 | — | — | — | — | — | —] |