asked the Minister for Labour (a) the combined net profit or loss before tax and financing charges (b) the combined net profit or loss before tax (c) the Government subventions and (d) the numbers employed in OIE, for each of the years 1980 to 1986 inclusive.
Written Answers - OIE Operations.
172.
The Government decided on 6 March 1984 to make £14 million available to OIE to clear certain debts and to cover a rationalisation and refurbishment programme to be undertaken by a new board to be appointed by the Minister for Labour to whom responsibility for the company was transferred at the same time. £9.85 million of this was paid to the company prior to it being transferred to my Department. An additional £2.733 million was provided by the Government in 1986 to enable the company to redeem a sterling loan which was taken out in 1971 and was not relevant to the revised company structure. The information required by the Deputy covering the period for which the Minister for Labour has been responsible for the company is as follows:
|
1984 |
1985 |
1986 |
|
|
£ |
£ |
£ |
|
|
(a) The combined net profit (or loss) before tax and financing charges |
(157,876) |
207,868 |
337,263 |
|
(b) Combined net profit (or loss) before tax |
(471,779) |
(54,556) |
386,346 |
|
(c) Government Subventions from the Department of Labour Vote (not taken into account in (a) or (b) above) |
£1.027m |
£2.773m |
£2.735m |
|
(d) Numbers employed |
|||
|
1. Total in high season in a typical week |
555 |
495 |
495 |
|
2. Total in low season in a typical week |
347 |
221 |
221 |