asked the Minister for Transport and Power if he will give, for each year from 1968-69 to 1973-74, the following information in respect of the ESB. CIE, Aer Lingus-Aerlínte and Bord na Móna: (a) the amount of internal finance having regard to depreciation, retained profits, and so on, provided by the company and its proportion of the total uses of funds by the company in the year (b) the capital structure of the company in terms of exchequer loans, long term stocks, other loans, reserves, depreciation fund, and so on, and (c) the cost of raw materials and bought-in services used in the operations of the company.
Written Answers. - Semi-State Bodies Finances.
209.
The information requested by the Deputy is as follows (all amounts in £000s):
In respect of the E.S.B:
|
1968-69 |
1969-70 |
1970-71 |
1971-72 |
1972-73 |
1973-74 |
|
|
(a) Internal Finance |
7,096 |
8,126 |
6,123 |
9,479 |
10,554 |
10,673 |
|
Percentage of total Uses of Funds |
45.1 |
25.9 |
28.4 |
30.5 |
37.1 |
28.9 |
|
(b) Capital Structure at 31st March: |
||||||
|
Exchequer Loans |
56,742 |
55,832 |
54,882 |
53,889 |
52,853 |
51,770 |
|
Public Issues—Stocks |
55,284 |
61,291 |
66,943 |
76,917 |
73,946 |
70,446 |
|
—Bonds |
— |
— |
— |
6,203 |
17,368 |
42,525 |
|
Long Term Loans |
424 |
15,148 |
16,996 |
20,288 |
44,276 |
36,758 |
|
Short and Medium Term Loans |
8,980 |
11,352 |
10,259 |
14,122 |
7,825 |
9,992 |
|
Capital Reserves |
||||||
|
Non-Repayable Capital Contributions |
16,749 |
18,645 |
20,715 |
22,061 |
23,752 |
25,574 |
|
Repaid Capital |
18,761 |
20,802 |
24,072 |
26,633 |
29,350 |
34,320 |
|
Depreciation |
66,353 |
73,338 |
80,457 |
88,463 |
100,139 |
111,745 |
|
Revenue Reserve |
2,056 |
2,131 |
575 |
575 |
575 |
575 |
|
Deficit on Revenue Account |
— |
— |
(1,069) |
(1,318) |
(2,711) |
(5,781) |
|
(c) Raw Materials and Bought-In Services |
12,569 |
13,727 |
16,083 |
18,050 |
19,695 |
29,127 |
In respect of CIE:
|
1968-69 |
1969-70 |
1970-71 |
1971-72 |
1972-73 |
1973-74 |
|
|
(a) Internal Finance |
2,420 |
2,966 |
3,159 |
3,847 |
3,601 |
3,940 |
|
Percentage of total Uses of Funds |
37.8 |
34.4 |
23.4 |
30.3 |
21.7 |
21.1 |
|
(b) Capital Structure at 31st March: |
||||||
|
Transport Stocks |
18,514 |
18,514 |
18,514 |
18,514 |
18,514 |
18,514 |
|
Exchequer Loans |
6,000 |
8,191 |
9,477 |
10,682 |
12,883 |
16,009 |
|
Reserves |
2,632 |
1,717 |
1,723 |
2,380 |
2,958 |
1,037 |
|
Long Term Loan |
— |
— |
— |
— |
— |
4,000 |
|
(c) Raw Materials and Bought-In Services |
12,544 |
14,578 |
16,359 |
16,999 |
17,070 |
22,411 |
In respect of Aer Lingus/Aerlínte:
|
1968-69 |
1969-70 |
1970-71 |
1971-72 |
1972-73 |
1973-74 |
|
|
(a) Internal Finance |
4,429 |
4,350 |
6,060 |
2,676 |
5,524 |
6,140 |
|
Percentage of Total Uses of Funds |
56.8 |
20.7 |
30.5 |
24.5 |
41.3 |
68.4 |
|
(b) Capital Structure* at 31st March: |
||||||
|
Share Capital (Held by Minister for Finance) |
13,610 |
23,610 |
23,610 |
23,610 |
23,610 |
23,610 |
|
Irredeemable Capital (Exchequer Loan) |
— |
5,000 |
5,000 |
5,000 |
5,000 |
5,000 |
|
Reserves |
5,494 |
6,158 |
6,789 |
6,769 |
3,034 |
3,376 |
|
Minority Interests |
— |
— |
— |
25 |
250 |
267 |
|
Investment Grants** |
— |
— |
— |
28 |
927 |
889 |
|
Loan Capital |
12,347 |
14,013 |
25,954 |
31,196 |
28,831 |
26,238 |
|
Raw Materials and Bought-In Services (Fuel and Oil) |
2,317 |
2,523 |
2,515 |
2,632 |
3,494 |
4,347 |
* The share capital figures for 1970 to 1974 are exclusive of £15 million of Preferred Ordinary Shares of Aer Língus held by Aerlínte.
** Grants received from the British Department of Trade and Industry, the Northern Ireland Ministry of Commerce, the Industrial Development Authority and the English Tourist Board.
In respect of Bord na Móna.
|
1968-69 |
1969-70 |
1970-71 |
1971-72 |
1972-73 |
1973-74 |
|
|
(a) Internal Finance |
2,220 |
2,652 |
2,986 |
2,568 |
2,251 |
2,256 |
|
Percentage of |
||||||
|
Total Uses of |
||||||
|
Funds |
100 |
100 |
100 |
100 |
100 |
100 |
|
(b) Capital Structure at 31st March: |
||||||
|
Exchequer Loans |
22,316.624 |
20,846.774 |
20,027.752 |
19,451.447 |
18,849.596 |
18,221.008 |
|
Long Term Stocks |
1,771.713 |
1,735.309 |
1,716.649 |
1,685.623 |
1,395.799 |
1,266.983 |
|
Other Loans |
473.932 |
389.009 |
206.351 |
144.529 |
113.000 |
100.000 |
|
Reserves and De- preciation Funds etc. |
— |
— |
143.874 |
286.023 |
508.360 |
750.069 |
|
(c) Raw Materials* and Bought-in Services |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
* The raw material used by Bord na Móna is peat excavated from bogs owned by the Board. The Board provides its own services.