asked the Taoiseach if he will state in respect of each of the years 1966 to 1970, in the form of the reply of 17th December, 1969, the trading profits, as compiled for the national income accounts, of public corporations and the Post Office after allowance has been made for depreciation and before direct tax has been deducted.
Ceisteanna—Questions. Oral Answers. - Public Sector Trading Profits.
5.
Apart from the constituent shown in the national accounts publications as "Income of Post Office and Post Office Savings Bank", the trading profits of public corporations, i.e. State owned trading enterprises, are not separately distinguished in the compilation of the national income accounts. A special compilation has been made of the aggregate trading profits of the principal public corporations, after allowance for depreciation but before direct tax, as compiled for the national accounts. Interest payments have not been deducted.
I propose, with your permission, Sir, to circulate with the Official Report, a statement showing the trading profits of the public sector in each year 1966 to 1969. Full information relating to the year 1970 is not yet available.
Following is the statement:
TRADING profits of the public sector, after allowance for depreciation, before direct tax, 1966 to 1969.
|
(£ million) |
||||
|
1966 |
1967 |
1968 |
1969 |
|
|
Public corporations |
12.0 |
15.0 |
17.7 |
20.7 |
|
Post Office and Post Office Savings Bank |
5.7 |
7.0 |
7.8 |
7.9 |
|
17.7 |
22.0 |
25.5 |
28.6 |