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Nationalised Industries

Volume 416: debated on Tuesday 13 January 1981

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£million

1978–791979–80

Profit (Loss)

Interest Payable

Net Profit

Dividend on PDC

Profit (Loss)

Interest Payable

Net Profit

Dividend on PDC

(1)(2)

(Loss)

(3)(1)(2)

(Loss)

(3)
National Coal Board128·6(4)(144.5)(15·9)35·2(4)(5)(191·8)(156·6)
Electricity Council and Boards694·3(4)(442·9)251·4539·5(4)(502·3)37·2
North of Scotland Hydro-Electric Board49·1(47·0)2·153·8(52·1)1·7
South of Scotland Electricity Board70·8(61·3)9·568·5(68·4)01—.
British Gas Corporation458·8(98·1)360·7491·8(65·9)425·9
British Steel Corporation(93·0)(208·0)(301·0)—.(347·0)(188·0)(535·0)
Post Office874·6(510·2)364·40·9798·8(557·1)241·71·2
British Airways Board115·4(25·0)90·431·2(6)57·638·119·57·0
British Airports Authority33·4(4·0)29·439·4(3·9)35·5
British Shipbuilders(43·0)(4)(9·0)(52·0)(105·1)(4)(15·4)(120·5)

19781979
British Railways Board55·8(4)(49·1)6·763·3(4)(61·8)1·5
British Transport Docks Board20·1(6·5)13·616·3(6·6)9·7
British Waterways Board(15·2)(7)(1·1)(16·3)(20·5)(7)(1·0)(21·5)
National Freight Corporation15·3(15·0)0·316·2(14·2)2·0
National Bus Company30·7(130)17·720·6(14·2)6·4
Scottish Transport Group2·0(0·9)1·11·4(1·2)0·2
British National Oil Corporation12·2(14·3)(2·1)142·0(66·6)75·4
British Aerospace68·2(7·8)60·42·052·1(7·7)44·42·2
(1) Before interest payable, taxation, minority interests, extraordinary items and dividend on public dividend capital.
(2) Amounts charged on all borrowings. Interest charged on loan capital alone is not readily identifiable in all the Annual Reports and Accounts.
(3) Net of advance corporation tax.
(4) After crediting government grants for specific purposes on revenue account.
(5) Before special revenue deficit grant of £159·3 million.
(6) Includes special dividend payment of £16·2 million related to Concorde assets and financing arrangements.
(7) Before revenue deficit grants of £16·8 million in 1978 and £21·4 million in 1979.